In vitro fertilization is one of the major treatments for fertility among couples which involves fertilization of women egg by sperm outside the body. IVF involves removing ovum from the woman's ovaries followed fertilization through sperms in a fluid medium in a laboratory.
Report by AMR observed that Global In vitro fertilization market will reach a figure of $21.6 billion by 2020 with a CAGR of 11.6% between 2013 and 2020. In 2012, it stood at $9.3 billion.
This report studied that medical tourism is giving a boost to IVF market as cost of IVF is $6000 in Thailand, whereas it cost around $10000-$1500 in U.S. Due to increasing focus on advanced technologies, favourable health care cost and improving health care infrastructure; developing countries are becoming popular for IVF treatment.
As per the experts, IVF market is increasing due to increase in fertility rate. Egg donations in United States of America have increased to 18000 in 2010 from 11,000 in 2000 because of rising awareness.
As per the analysts, Intra cytoplasmic sperm injection (ICSI) technique is very useful to treat the infertility among men and women. It will bring relief for those who had tried different treatments for infertility but failed.
High cost of IVF treatment could have an impact on its growth as its procedure costs around $10,000-$20,000. Europe is studied to generate %8 billion revenue by 2020 at a CAGR of 10.2% from 2012-2020,. Also, Asia Pacific region will grow at a CAGR of 17.1% from 2013-2020