Middle East and Africa IVF Services Market to Grow at a CAGR of 10.7% to reach US$ 1,498.49 million from 2020 to 2027

The Middle East and Africa IVF services market is expected to reach US$ 1,498.49 million by 2027 from US$ 681.37 million in 2019; it is estimated to grow at a CAGR of 10.7% from 2020 to 2027.

The growth of the market is attributed to increasing incidence of infertility, rising number of fertility clinics and infertility services with government support, and growing number of products launches and developments. However, the high procedural cost of assisted reproductive techniques is expected to hamper the market growth.

IVF or in vitro fertilization is a reproductive technology in which the ova from a woman's ovaries and the sample of sperm from a male are retrieved and manually diffused externally in a laboratory glass dish. After the fertilization, these fertile eggs undergo embryo culture for a few days and are transferred to the same or another woman's uterus to establish a successful pregnancy. The fertility rate is steadily declining globally, owing to various factors such as growing trend of late marriages and increasing age-related infertility. As per the data revealed by the United Nations, the birth rate for the UAE in 2020 was 10.20 births per 1000 people, a 0.88% decline from 2019. Thus, the declining fertility rate leads to a significant increase in demand for in vitro fertilization services that determine the fertility window in males and females. Additionally, rising number of fertility clinics and infertility services with government support and increasing product launches are projected to drive the IVF services market

The COVID-19 pandemic is adversely affecting countries in the Middle East and Africa. Along with an increase in global developments, the growing concern of COVID-19 is likely to impact those undergoing fertility treatments. Therefore, the government bodies of countries in the Middle East have outlined some guidelines on managing patients who are undergoing infertility therapy or desiring pregnancy. Patients are avoiding the treatment to elude traveling and minimize the risk of getting an COVID infection. Hence, the IVF market is likely to be affected negatively. However, in the long run, the market is expected to grow, as IVF centers are opening for patients other than suffering from COVID-19.

Middle East and Africa IVF Services Market Segmentation:

By Cycle Type

• Fresh IVF Cycles
• Thawed IVF Cycles
• Donor Egg IVF Cycles

By End User

• Fertility Clinics
• Hospitals
• Surgical Centres and Clinical Research Institutes

By Country

• UAE
• Saudi Arabia
• South Arabia
• Rest of Middle East and Africa

Company Profiles

• CCRM Fertility.
• Medic over
• Gift ov life
• Bloom IVF
• Aevitas Fertility Clinic
• BIOART Fertility Clinic

Middle East and Africa IVF Services Report Scope