NEW YORK, March 10, 2016 /PRNewswire/ -- In-vitro fertilization is an assisted reproductive technology, which involves a series of procedures for treating infertility problems. It involves the fertilization of the ovum in-vitro, followed by implantation of the embryo into a womens uterus. The IVF technology is fast gaining pace in the Asia Pacific region, as the infertility rates are spiraling. In addition, the rapidly rising geriatric population is a major concern for countries with below average birth rates such as, Indonesia, Vietnam, Cambodia and Philippines. Also, the rising trends towards delaying pregnancy has steadily increased in China and many other countries, resulting in aging of the eggs, making it less suitable for fertilization. This in turn, has increased the need of IVF services. Moreover, the commercialization of cost-effective fertility treatments and significant growth in medical tourism across Asia-Pacific would offer lucrative opportunities in future. Furthermore, proactive initiatives for the development of novel IVF technologies would facilitate the dynamic growth of the Asia-Pacific IVF market.
The Asia-Pacific IVF services market was evaluated at $1.9 billion in 2014 and is estimated to garner $3.5 billion by 2020, registering a CAGR of 10.8% during the forecast period 20152020. This market is expected to witness significant growth during the forecast period on account of the delayed pregnancies, rising infertility rates due to dysfunctional lifestyles, environmental pollution, increasing disposable incomes and emergence of newer fertility tourism destinations. In addition, several academic institutions are collaborating with fertility hospitals and clinics to conduct extensive research & development activities, and provide more effective and better treatment facilities. The other factors, namely technological advancements, utilization of intra-cytoplasmic sperm injection (ICSI) technique and growing popularity of donor egg IVF methods would collectively boost the success rates of IVF cycles. However, factors such as high costs associated with the treatment, lack of favorable IVF reimbursement policies and lower health awareness, especially in the underdeveloped Asia-Pacific countries, such as Nepal and Myanmar, are the major factors hampering the market growth. In addition, ethical concerns regarding the parental rights are expected to have a restraining effect on the growth of the market.
The Asia-Pacific IVF services market is segmented on the basis of end users, cycles type and country-wise analysis. Based on the type of cycle performed, the market is categorized into fresh cycle (non-donor), thawed IVF cycle (non-donor) and donor egg IVF cycles. Fresh IVF cycle is the largest revenue-generating segment, owing to increasing preference of IVF for infertility treatment. The end users market is categorized into fertility clinics, hospitals, surgical centers and clinical research institutes. In 2014, fertility clinics were the leading end user segments, accounting for about one-fifths of the overall market share.
Geographically, this market is segmented into India, China, Japan, Vietnam, Korea, Australia, New Zealand, Thailand, Malaysia, Indonesia, Philippines, Singapore, and other Asia-Pacific countries. In terms of revenue, Japan dominates the Asia-Pacific IVF market, owing to the large consumer base, rapid adoption of advanced technologies and availability of skilled workforce. However, the Indian IVF market is anticipated to register a promising CAGR of 14.7% during the forecast period. This is mainly supplemented by factors, such as the rising trend of fertility tourism, favorable regulation of surrogacy and donor services, and wide availability of IVF clinics. Based on number of cycles performed, Japan is the leading country, accounting for a major share of the market and is expected to maintain this trend throughout the forecast period. However, the India IVF market, in terms of number of cycles performed, is anticipated to grow at a promising CAGR of 16.3% during the study period.
KEY MARKET BENEFITS:
This report provides an in-depth analysis of the Asia-Pacific IVF market across seven major countries along with cross sectional analysis of the total number of IVF cycles performed and the total revenue generated during the forecast period.
It includes the strategies adopted by various IVF clinics and hospitals across major countries to capitalize on the latent opportunities in the Asia-Pacific IVF market.
This report comprehensively analyzes the market scenario across different countries in the Asia-Pacific region.
The projections in this report are made by analyzing the current market trends and highlighting the market potential, in terms of value and volume, from 2014 to 2020.
Extensive analysis of the market is conducted by following the key product positioning and monitoring the top contenders.
ASIA-PACIFIC IN-VITRO FERTILIZATION SERVICES MARKET KEY SEGMENTS:
The Asia-Pacific IVF market is segmented on the basis of end users, cycle type and country:
By End Users (Value and Volume)
Clinical research institutes
By Cycle Type, (Value and Volume)
Fresh cycle (non-donor)
Thawed IVF cycle (non-donor)
Donor egg IVF cycles
By Cycle Type Country Level Analysis (Value and Volume)
Read the full report: http://www.reportlinker.com/p03621449-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: email@example.com
Intl: +1 339-368-6001