An exponential growth of $21.6 billion is expected from Global IVF market

An integrated report by Research Beam's, titled "In Vitro Fertilization (IVF) Market - Size, Share, Trends, Opportunities, Global Demand, Insights, Analysis, Research, Report, Company Profiles, Segmentation and Forecast, 2013 - 2020" was published recently. The report stated that the value of global IVF market in 2012 was $9.3 billion. Further, it would rise to $21.6 billion by 2020, with a CAGR of 11.6% between 2013 and 2020. Main reason for such an exponential growth is rise in infertility cases. Rise in infertility awareness globally, has led to an increase in egg donation. For example, in the U.S., the egg donation cycles had reached 18000 in 2010 from 11000 in 2000. This is a phenomenal rise!

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Medical tourism makes available a wonderful opportunity for the IVF market to grow. $10,000- $15,000 would be an average cost of IVF treatment in New York; however, the same treatment would be around $6000 in Thailand. Due to such low cost treatment in developing countries, medical tourism would be beneficial for global IVF market. When it comes to IVF treatment, developing nations are a favorite. This can be credited to technological advancements, economical healthcare practices along with enhanced healthcare infrastructure. Around 30 countries globally practice ART-Assisted Reproductive Techniques with some limitations. Belgium, France and Israel are few countries that provide extensive reimbursement schemes to couples.        

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ICSI-Intra cytoplasmic sperm injection technique would promise significant opportunities. "ICSI has been successfully performed even in complex situations where there are multiple factors responsible for infertility among both male or/and female patients. Moreover, this has been best suitable for those who have had repeated failures through conventional IVF procedure." quote Debbie Shields and Rohini Patil.

However, high cost of treatment would have a negative impact on global IVF market. Such a high cost is mainly due to the number of cycles, cost of the procedure, hormones and drugs. The average IVF treatment would cost you around $10,000- $20,000. With revenue around $8 billion, Europe is forecast grow at a CAGR of 10.2% during 2013 to 2020. However, Asia-Pacific unlocks numerous opportunities for growth; hence, is expected to grow at as CAGR of 17.1% during 2013 to 2020.

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