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Follow on Google News | Unlocking Parenthood: How the In-Vitro Fertilization (IVF) Market is Reshaping Fertility SolutionsThe Global In-Vitro Fertilization Market Size accounted for USD 25.57 Billion in 2023 and is estimated to achieve a market size of USD 44.28 Billion by 2032 growing at a CAGR of 6.4% from 2024 to 2032.
By: Medpharma News In-vitro fertilization is a medical procedure wherein an egg is fertilized by sperm outside the body, in a laboratory setting. The fertilized embryo is then implanted into the uterus with the aim of achieving a successful pregnancy. IVF is commonly used when other fertility treatments have failed or when specific infertility issues are identified, such as blocked fallopian tubes, male factor infertility, or unexplained infertility. Key Market Drivers 1. Rising Infertility Rates One of the primary drivers of the IVF market is the increasing incidence of infertility, which affects approximately 15% of couples globally. Factors such as lifestyle changes, delayed parenthood, obesity, stress, and medical conditions like polycystic ovary syndrome (PCOS) are contributing to the rise in infertility cases. 2. Delayed Parenthood and Changing Lifestyles An increasing number of couples are choosing to postpone childbearing due to career goals, financial planning, or personal reasons. This delay often leads to age-related fertility challenges, necessitating assisted reproductive techniques like IVF. 3. Technological Advancements The IVF industry has benefited significantly from innovations such as preimplantation genetic testing (PGT), time-lapse embryo imaging, cryopreservation, and intracytoplasmic sperm injection (ICSI). These advancements have not only improved success rates but have also enhanced safety and affordability. Challenges in the IVF Market Despite its growth, the IVF industry faces several challenges:
Competitive Landscape Key players in the IVF market include:
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