Asia Pacific IVF Services Market to Grow at a CAGR of 12.2% to reach US$ 6,512.44 million from 2020 to 2027
The Asia Pacific IVF services market is expected to reach US$ 6,512.44 million by 2027 from US$ 2,670.72 million in 2019; it is estimated to grow at a CAGR of 12.2% 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 hinders 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 the growing trend of late marriages and increasing age-related infertility. According to United Nations projections, Australia's birth rate in 2020 was 12.56 births per 1000 people, a 1.25% decline from 2019. Thus, the declining fertility rate leads to a significant increase in demand for in vitro fertilization (IVF) services that determine the fertility window in males and females. Additionally, a rising number of fertility clinics and infertility services with government support and an increasing number of product launches are projected to drive the IVF services market.
The COVID-19 outbreak pandemic is adversely affecting countries in Asia Pacific. Along with an increase in global developments, the growing concern of coronavirus disease (COVID-19) will impact those undergoing fertility treatments. Therefore, the Government of various countries has outlined some guidelines by suggestions on managing patients who are undergoing infertility therapy or the desiring pregnancy. With recommendations such as elude traveling and getting an infection, patients are avoiding the treatment. Hence, the market for IVF is likely to affect. However, in the long run, the market is expected to boost the demand, as IVF centers are reopening for the healthcare services for patients other than COVID 19.
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Asia Pacific IVF Services Market Segmentation:
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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
- India
- Australia
- Japan
- China
- South Korea
- Rest of Asia Pacific
Company Profiles
- CCRM Fertility.
- Medic over
- Prelude Fertility, Inc
- Gift ov life
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1 Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific IVF Services Market – By Cycle Type
1.3.2 Asia Pacific IVF Services Market – By End User
1.3.3 Asia Pacific IVF Services Market – By Country
2. IVF Services Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific IVF Services– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Asia Pacific – PEST Analysis
4.3 Expert Opinions
5. IVF Services Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Incidence of Infertility
5.1.2 Rising Number of Fertility Clinics and Infertility Services with Government Support
5.1.3 Growing Number of Product Launches and Developments
5.2 Market Restraints
5.2.1 High Procedural Cost of Reproductive Techniques
5.2.2 Risks Associated with Infertility Treatment
5.3 Market Opportunities
5.3.1 Conduction of Awareness Campaigns
5.4 Future Trends
5.4.1 Integration of Artificial Intelligence (AI) in In Vitro Fertilization
5.5 Impact analysis
6. IVF Services Market – Asia Pacific Analysis
6.1 Asia Pacific IVF Services Marker Revenue Forecast and Analysis
7. IVF Services Market Analysis – By Cycle Type
7.1 Overview
7.2 IVF Services Market Revenue Share, by Cycle Type (2019 and 2027)
7.3 Fresh IVF Cycles
7.3.1 Overview
7.3.2 Fresh IVF Cycles: IVF Services Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Thawed IVF Cycles
7.4.1 Overview
7.4.2 Thawed IVF Cycles: IVF Services Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Donor Egg IVF Cycles
7.5.1 Overview
7.5.2 Donor Egg IVF Cycles: IVF Services Market – Revenue and Forecast to 2027 (US$ Million)
8. IVF Services Market Analysis – By End User
8.1 Overview
8.2 IVF Services Market Share, by End User, 2019 and 2027, (%)
8.3 Fertility Clinics
8.3.1 Overview
8.3.2 Fertility Clinics: IVF Services Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Hospitals
8.4.1 Overview
8.4.2 Hospitals: IVF Services Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Surgical Centers and Clinical Research Institutes
8.6.1 Overview
8.6.2 Surgical Centers and Clinical Research Institutes: IVF Services Market – Revenue and Forecast to 2027 (US$ Million)
9. IVF Services Market Analysis and Forecasts To 2027 – Asia Pacific Analysis
9.1 Asia Pacific: IVF Services Market
9.1.1 Overview
9.1.2 Asia Pacific: IVF Services Market, by Country, 2019 & 2027 (%)
9.1.3 China: IVF Services Market – Revenue and Forecast to 2027 (USD Million)
9.1.3.1 China: IVF Services Market – Revenue and Forecast to 2027 (USD Million)
9.1.3.2 China: IVF Services Market, by Cycle Type, 2018–2027 (USD Million)
9.1.3.3 China: IVF Services Market, by End User, 2018–2027 (USD Million)
9.1.4 Japan: IVF Services Market – Revenue and Forecast to 2027 (USD Million)
9.1.4.1 Japan IVF Services Market – Revenue and Forecast to 2027 (USD Million)
9.1.4.2 Japan: IVF Services Market, by Cycle Type, 2018–2027 (USD Million)
9.1.4.3 Japan: IVF Services Market, by End User, 2018–2027 (USD Million)
9.1.5 India: IVF Services Market – Revenue and Forecast to 2027 (USD Million)
9.1.5.1 India: IVF Services Market – Revenue and Forecast to 2027 (USD Million)
9.1.5.2 India: IVF Services Market, by Cycle Type, 2018–2027 (USD Million)
9.1.5.3 India: IVF Services Market, by End User, 2018–2027 (USD Million)
9.1.6 Australia: IVF Services Market – Revenue and Forecast to 2027 (USD Million)
9.1.6.1 Australia: IVF Services Market – Revenue and Forecast to 2027 (USD Million)
9.1.6.2 Australia: IVF Services Market, by Cycle Type, 2018–2027 (USD Million)
9.1.6.3 Australia: IVF Services Market, by End User, 2018–2027 (USD Million)
9.1.7 South Korea: IVF Services Market – Revenue and Forecast to 2027 (USD Million)
9.1.7.1 South Korea: IVF Services Market – Revenue and Forecast to 2027 (USD Million)
9.1.7.2 South Korea: IVF Services Market, by Cycle Type, 2018–2027 (USD Million)
9.1.7.3 South Korea: IVF Services Market, by End User, 2018–2027 (USD Million)
9.1.8 Rest of Asia Pacific: IVF services Market – Revenue and Forecast to 2027 (USD Million)
9.1.8.1 Rest of Asia Pacific: IVF Services Market – Revenue and Forecast to 2027 (USD Million)
9.1.8.2 Rest of Asia Pacific: IVF Services Market, by Cycle Type, 2018–2027 (USD Million)
9.1.8.3 Rest of Asia Pacific: IVF services Market, by End User, 2018–2027 (USD Million)
10. Impact of COVID-19 Pandemic on Asia Pacific IVF Services Market
10.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11. IVF Services Market– Industry Landscape
11.1 Overview
11.2 Organic Developments
11.2.1 Overview
11.3 Inorganic Developments
11.3.1 Overview
12. Company Profiles
12.1 Max Healthcare
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Bloom IVF
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 CCRM Fertility.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Medic over
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Gift ov life
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 Glossary of Terms
LIST OF TABLES
Table 1. China: IVF Services Market, by Cycle Type – Revenue and Forecast to 2027 (USD Million)
Table 2. China: IVF Services Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 3. Japan: IVF Services Market, by Cycle Type – Revenue and Forecast to 2027 (USD Million)
Table 4. Japan: IVF Services Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 5. India: IVF Services Market, by Cycle Type – Revenue and Forecast to 2027 (USD Million)
Table 6. India: IVF Services Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 7. Australia: IVF Services Market, by Cycle Type – Revenue and Forecast to 2027 (USD Million)
Table 8. Australia: IVF Services Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 9. South Korea: IVF Services Market, by Cycle Type – Revenue and Forecast to 2027 (USD Million)
Table 10. South Korea: IVF Services Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 11. Rest of Asia Pacific: IVF Services Market, by Cycle Type – Revenue and Forecast to 2027 (USD Million)
Table 12. Rest of Asia Pacific: IVF services Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 13. Organic Developments Done by Companies
Table 14. Inorganic Developments Done by Companies
Table 15. Glossary of Terms, IVF Services Market
LIST OF FIGURES
Figure 1. IVF Services Market Segmentation
Figure 2. IVF Services Market – By Country
Figure 3. IVF Services Market Overview
Figure 4. Fresh IVF Cycles Segment Held Largest Share of IVF Services Market
Figure 5. Asia Pacific IVF Services Market – Leading Country Markets (US$ Million)
Figure 6. Asia Pacific PEST Analysis
Figure 7. IVF Services Market Impact Analysis of Driver and Restraints
Figure 8. Asia Pacific IVF Services Market – Revenue Forecast and Analysis – 2019- 2027
Figure 9. IVF Services Market Revenue Share, by Cycle Type (2019 and 2027)
Figure 10. Fresh IVF Cycles: IVF Services Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. Thawed IVF Cycles: IVF Services Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. Donor Egg IVF Cycles: IVF Services Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. IVF Services Market Share, by End User, 2019 and 2027 (%)
Figure 14. Fertility Clinics: IVF Services Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Hospitals: IVF Services Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Surgical Centers and Clinical Research Institutes: IVF Services Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Asia Pacific: IVF Services Market, by Key Country – Revenue (2019) (USD Million)
Figure 18. Asia Pacific: IVF Services Market, by Country, 2019 & 2027 (%)
Figure 19. China: IVF Services Market – Revenue and Forecast to 2027 (USD Million)
Figure 20. Japan: IVF Services Market – Revenue and Forecast to 2027 (USD Million)
Figure 21. India: IVF Services Market – Revenue and Forecast to 2027 (USD Million)
Figure 22. Australia: IVF Services Market – Revenue and Forecast to 2027 (USD Million)
Figure 23. South Korea: IVF Services Market – Revenue and Forecast to 2027 (USD Million)
Figure 24. Rest of Asia Pacific: IVF Services Market – Revenue and Forecast to 2027 (USD Million)
Figure 25. Impact of COVID-19 Pandemic on IVF Services Market in Asia Pacific Countries
- CCRM Fertility.
- Medic over
- Gift ov life
- Max Healthcare
- Bloom IVF
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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