Infertility Devices Market: Rise awareness regarding IVF among consumers to drive the market
Albany NY, United States: Global Infertility Devices Market: An Overview
The global middleware market is expected to rise at an impressive pace. This is mainly due to the rising cases of infertility among women.
Infertility is a condition when women are not able to convince by natural process. To overcome this condition, researchers have developed an artificial method of conceiving. Several devices used during the process are referred as infertility devices.
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Global Infertility Devices Market: Notable Developments
Some of the notable developments in the global infertility devices market are –
- Several players in the infertility devices market are focusing on the introduction of newer techniques that improves conceive success rate. Apart from this, players are also making efforts to cut down costs of treatment procedure in order to widen audience pool for the infertility device market. This can be attributed by the below facts
- The Valencian Infertility Institute, a Spain based players in the infertility device market has developed various fertility methods. This is to increase success rate of treatment among women.
- Apart from this players in the infertility treatment market are focusing on several strategies to argument growth. For instance recently in 2018, the infertNMC Health, a UAE based healthcare company acquired Fakih IVF, a major player in the IVF services market.
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Global Infertility Devices Market: Key Trends
The global infertility devices market is expected to rise at a significant pace during the forecast period. This is mainly due the growing awareness regarding IVF among consumers, and increasing success rate of infertility devices. Apart from this, rising adoption of surrogacy and increasing same-sex couples are anticipated as some other key contributors in the global infertility devices market. Further, declining fertility rates is one of the prominent factors expected to propel the growth of the infertility treatment market across the globe.
However, social stigma and stringent government regulation regarding surrogacy is expected to impede growth in the global infertility devices market.
Nevertheless, growing trend of egg/sperm freezing is a strong factor expected to boost the infertility device market in the forecast period.
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Global Infertility Devices Market: Regional Outlook
Globally, the global infertility devices market is divided into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all these regions, Europe is expected to led the global infertility device market during the initial few years. This is mainly because of the early adoption of procedure in the region. The region is first to remove the title experimental from cryopreservation of eggs and approve IVF. However, the region is expected to lose share with Asia Pacific region by the end of the forecast period. This is mainly due to the rising healthcare setup and growing incidences of infertility in the region.
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Global Infertility Devices Market: Competitive Market
The competitive landscape of the global infertility devices market is highly fragmented and competitive. This is mainly due to the presence of large number of players in the market. Some of the prominent companies in the infertility devices market are OvaScience, Vitrolife AB, Irvine Scientific, Cooper Surgical Inc., Thermo Fisher Scientific Inc., Genea Biomedx, Progyny, Inc., and Boston IVF. These players are focusing on development of technologically advanced product and their commercialization to tap immense opportunities present in the infertility devices market.
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