World In-vitro Fertilization (IVF) Market Would Grow at 7.0 % CAGR Amid the Period 2015-2020

Aug 13, 2015, 08:52 ET from Big Market Research

PORTLAND, Oregon, August 13, 2015 /PRNewswire/ --

Big Market research adds a report titled "World In-vitro Fertilization (IVF) Market Opportunities and Forecasts 2014 - 2021". As per the report, global IVF market is expected to attain a size of $11.3 billion by the end of 2021, growing at 7.0% CAGR amid the period 2015-2021. The report offers an in-depth insight into key drivers and restraints, current market dynamics, future growth opportunities, detailed segmentation and forecast along with the strategic profile of the key service providers & end users analysis. The report segments the global IVF market on the basis of end -users and geographical regions.

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Commercialization of Cost-effective IVF treatments, growth in medical tourism especially in developing nations and quick reimbursement are the major factors responsible for driving the growth of the global IVF market. The report provides a comprehensive analysis of the impact of the aforementioned drivers on the industry dynamics on the basis of various clinical research initiatives taking place globally. The report also takes a closer look at IVF hospitals and clinics in countries such as US, China, Australia, Russia, and India. Based on geography, the global IVF market is segmented into North America, Asia-Pacific, Europe and LAMEA. Further, based on the end users, the global IVF market is segmented into fertility clinics, hospitals, surgical centers and clinical research institutes. Hospitals and fertility clinics formed the major end-user segments, amounting for about 3/4th of the total market in the year 2014.

Asia Pacific region would grow at a remarkable rate of 8.9% CAGR over the forecast period, due to opening of a large number of IVF clinics and growing success rate of IVF procedures. North America leads the global IVF market in terms of revenue. The aforementioned region is estimated to attain a size of $4.0 billion by the end of 2021, growing at 7.9% CAGR amid 2015-2021. The report offers reliable and useful data on the number of IVF cycles performed across various segments and offers statistics on the market share and size across major regions.

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