APAC In Vitro Fertilization (IVF) Service Market Size, Revenue, Industry Share, Rising Trends, Competitive Analysis and Future Opportunities 2033
The technique of in-vitro fertilization (IVF) entails fertilizing egg cells outside of the woman's body with sperm before implanting them in the uterus. This kind of treatment uses assisted reproductive technology (ART) to help treat infertility or genetic issues so that a child can be conceived. It is the procedure of fertilization, which entails removing the sperm and egg cells and physically mixing them in a lab to create an embryo. The embryo(s) are then placed in the uterus to continue with the gestation process. IVF is frequently utilized in situations of infertility resulting from a variety of causes, including male infertility, blocked fallopian tubes, and ovulation abnormalities, or when other reproductive treatments have failed.
According to SPER market research,?‘Asia-Pacific In-Vitro Fertilization Market?Size - By Cycle Type, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’?state that the Asia-Pacific In-Vitro Fertilization Market is predicted to reach USD 63.52 billion by 2033 with a CAGR of 17.24%.
Rising acceptability of IVF procedures, rising IVF success rates, and rising public knowledge of IVF procedures are the main factors driving the growth of the Asia-Pacific IVF services market. With further technological advances, the success rate of in vitro fertilization is increasing and procedure like Pre-implantation genetic diagnosis (PGD), intracytoplasmic sperm injection (ICSI), and in vitro maturation (IVM) have contributed to higher pregnancy success rates. One of the main reasons behind the growth of the Asia-Pacific IVF services market is the rise in infertility rates. Additionally, the use of IVF procedures has expanded due to increase in disposable money - middle-aged couples with secure financial situations are the majority of couples that choose IVF treatment.?
However, Cost is a major barrier, with treatment expenses often being prohibitive for many couples. Additionally, ethical concerns surrounding the use of assisted reproductive technologies can create public scepticism and regulatory hurdles. The use of IVF services is oftentimes hampered by side effects of the therapy, such as birth problems multiple pregnancies. The number of embryos transferred determines the success percentage of IVF and can result in multiple pregnancies. Multiple pregnancies can lead to difficulties such as high blood pressure and delivery-related issues. Additionally, a kid may experience a number of health issues as a result of numerous pregnancies, including low birth weight and early delivery.
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Due to the COVID-19 pandemic, the Asia-Pacific IVF services industry grew slowly. Numerous nations implemented lockdowns at the national level, which had a direct effect on fertility tourism as a result of aircraft delays, travel restrictions and quarantines, cancelation of all indoor and outdoor events, and emergency declarations. Elective fertility treatments were postponed and non-urgent patient visits to fertility clinics were discouraged since doctors had direct contact with patients seeking IVF therapy. These elements therefore caused the cancellation of numerous planned IVF treatments and impeded the expansion of the Asia-Pacific IVF services market throughout the pandemic.
China holds a dominant position and will continue to maintain the lead within the region, with Japan, India and Australia contributing notably as well. Additionally, the key players in the market are Alcon, Bausch Health Companies Inc., Carl Zeiss AG, Johnson & Johnson, Rayner Surgical Group Limited, STAAR Surgical Company, and others.
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