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According to the IVF services industry forecast, Technavio’s market research analyst predicts that the infertility services market in the US will post an astounding CAGR growth of nearly 5% in the forthcoming years. One of the primary factors driving this market’s growth is the increasing success rate of infertility treatments. Success rates have become better over the past ten years as most of the fertility and infertility drugs have drastically improved the success rates of live births. These services help women assist women whose infertility is due to issues like ovulation. Moreover, these services also assist in correcting physiological complications that prevent the eggs from fertilizing and forming the embryo that implants onto the uterine wall. The success rate of these treatments is garnering interest in future consumers and existing ones and ensuring IVF services market growth by word of mouth marketing.
One of the latest trends that will gain traction in the infertility services market in US is the high investments in R&D. The vendors in the market are extensively researching and developing innovative technologies related to infertility services. Major research studies like understanding the effects of gynecologic ailments such as tubal disease and PCOS on fertility rates helps pick the right infertility treatments. Furthermore, utilization of knowledge from the basic stem cell research to know about the reproductive processes and develop novel therapeutics for treating infertility. Besides enhancing detection methods of abnormalities in preimplantation embryos and developing enhanced technologies, understanding the lasting effects of ART interventions on parental and child health help fertility clinics offer better support and treatment for infertility. Artifcial insemination is also witnessing incraesing techological advances.
The largely fragmented fertility services market in the US has numerous global and local vendors with consolidation and industrialization to raise their market share. Mergers and acquisitions assist them in extending their product ranges and widen geographical presence. Large investments are being done in R&D to come up with advanced products and gain technological leverage over the competitors. The IVF treatment market has tremendous growth potential for revenue generation and the entry of new players.
Some of the key vendors in the market are:
Other prominent vendors include AbbVie, Apricus Biosciences, AstraZeneca, Auxogyn, Eli Lilly, EMD Serono, IKS International, InVitro Care, INVO Bioscience, Irvine Scientific, LifeGlobal, MedITEX, NMC Health, OB GYN Associates, OvaScience, Pantec Biosolutions, Reproductive Medicine Associates of New Jersey, The Sims Clinic, TriHealth, Virtus Health, and Xytex Cryo International.
Male infertility segment is one of the fastest growing segments in the IVF treatment market. It can be caused by a range of problems such as hormonal disturbances, psychological problems, and physical complications. There are many successful treatment choices to opt for though there are limited able medicines to treat male infertility. Pre-vascular factors, hypogonadism, cryptorchidism, and many more are the some of the causes of male infertility. Male infertility can be treated with hormonal treatments, such as dopamine agonists that help in treating low testosterone, hypogonadotropic hypogonadism, and hyperprolactinemia. Surgical treatments are done on an outpatient basis and include varicocele surgery, microsurgical epididymal sperm aspiration for treating infertility caused by blockage, and testicular sperm extraction.
Based on the IVF services market analysis, majority of the market share was held by ART services segment and is expected to dominate the infertility services market in US over the next four years. The growth of this segment is attributed to the high success rates of this treatment. IVF procedure is the most popular treatment for infertility, accounting for more than 99% of all ART treatments. Advances in technology related to assisted reproduction are enabling couples to select embryos and have offspring with genes that are closer to their parents, which will boost this segment’s growth until the end of 2021 and will impact the IVF services market size.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by underlying cause
PART 07: Market segmentation by services
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key Vendor Analysis
PART 15: Appendix
PART 16: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Tags: fertility clinic, infertility drugs, lab supplies, wellness, infertility services global market, health and wellness business segment,
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