{"id":14678,"date":"2022-12-26T08:12:00","date_gmt":"2022-12-26T08:12:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3972040_AE72040_0"},"modified":"2022-12-26T08:12:00","modified_gmt":"2022-12-26T08:12:00","slug":"in-vitro-fertilization-services-industry-to-be-boosted-by-innovative-technologies","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=14678","title":{"rendered":"In Vitro Fertilization Services Industry to be Boosted by Innovative Technologies"},"content":{"rendered":"

Global IVF services market is expected to reach $43.97 billion<\/span> by 2027, registering growth at a CAGR of 20.46% <\/b><\/p>\n

SAN ANTONIO<\/span>, Dec. 26, 2022<\/span> \/PRNewswire\/ — In vitro fertilization (IVF), one type of assisted reproductive technology (ART), is becoming more popular due to an increase in infertility rates worldwide, according to Frost & Sullivan’s recent analysis on the global in vitro fertilization services market. Fertilizing the egg outside the body is the process of IVF, which is the most prevalent and effective form of ART and contributes more than 95% of the total ART revenue. The practice of freezing eggs, sperm, and embryos for IVF is becoming popular, which has significantly increased the demand for IVF services. The global market for IVF services is anticipated to grow significantly, with a compound annual growth rate (CAGR) of 20.46%, from $17.37 billion<\/span> in 2022 to $43.97 billion<\/span> in 2027.<\/p>\n

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For further information on this analysis, please click here.<\/a> <\/b><\/p>\n

“Implementation of artificial intelligence (AI) and other advanced technologies, such as preimplantation genetic testing (PGT) and mild ovarian stimulation, is revolutionizing IVF services,” said Suchismita Das<\/span>, Healthcare Research Analyst at Frost & Sullivan<\/b>. “Further, these innovative technologies are attributed to increasing the success rate of IVF, leading to the rising adoption of fertility services.”<\/p>\n

Das added: “IVF tourism, as part of medical tourism, is currently a Mega Trend<\/span> boosting the growth of IVF services. Asia-Pacific<\/span> countries, such as India<\/span> and Singapore<\/span>, and European nations, such as Spain<\/span> and Poland<\/span>, are emerging as the most preferred destinations for IVF treatment to expedite the IVF services sector’s growth.”<\/p>\n

To reap the benefits of the IVF services industry, IVF market participants should:<\/p>\n