Asia Pacific Region To Be The Mecca Of Ivf Market

18 Mar
2014

6585 Views

In-vitro fertilization technique is also called IVF. It is a process/procedure by which an egg is fused with a sperm in a Petri dish. When the fertilization occurs, the IVF procedure is termed successful. Embryo transfer is a technique, which is combined with the IVF technique when fertilization of the gametes is successful; the embryo is then physically placed in the uterus. The procedure is invasive and requires continuous monitoring. There have been rise in the cases of infertility and hence, IVF has come to the rescue of such infertile couples by helping them to conceive. Since its inception, more than million births have taken place. No doubt, it acts a successful medium to conceive. Therefore, in coming years, IVF market would open many opportunities for investors, especially, in Asia Pacific region. Hence, latest report published by Allied market research stated that the IVF market in Asia Pacific region would reach $4.2 billion in 2020 at a CAGR of 17.1% during 2013 – 2020. As per the findings of report, IVF cycles performed in 2013 stood at 329.3 thousand. It is expected to reach 779.4 thousand in 2020.

APAC Market Trends:-

In 2010, the Asia Pacific IVF market grew to become a $1 billion industry
Largest number of IVF cycles is performed in India
Australia is the largest contributor to overall region's revenue
Australia IVF market was estimated at $369.7 million in 2013
Australian market is further expected to grow to $1.1 billion by 2020 at a CAGR of 17.5% during 2013 – 2020
Indian IVF market would be the highest growing market from 2013 to 2020

Hospital and Fertility clinics are crucial to provide an effective IVF treatment. APAC IFV market has grown exponentially due to success of fertility centers. The IVF centers performed 161 thousand IVF cycles in 2012, whereas it is expected to reach 371 thousand in 2020, growing at a CAGR of 12.1% during 2013 – 2020

Akhilesh Prabhugaonkar

Author's Bio- Akhilesh Prabhugaonkar holds a bachelor’s degree in Electronics Engineering from the reputed Vishwakarma Institute of Technology. He has a special interest in the fields of forensics, world history, international relations and foreign policy, sports, agriculture, astronomy, security, and oceanography. An ardent bibliophile and melophile, Akhilesh loves to write on topics of his interest and various other societal issues. This love for writing made him enter the professional world of content writing and pursue his career in this direction.

Developments in Biomarkers Market Answer Diagnosis Concerns

Cognizance about male infertility market offerings to provide higher returns

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

Avenue is an innovative subscription-based online report database.
Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
Request customizations, suggest new reports, and avail analyst support as per your requirements.
Get an access to the library of reports at any time from any device and anywhere.