(MENAFN- America News Hour) Infertility is one of the major causes of distress among majority of couples in the world caused either by physiological or genetically arrived disorders. IVF (In Vitro Fertilization) have emerged as a revolutionary technique which helps couples to have their own child by allowing the fertilization procedure outside the body. IVF hormones help to catalyze the process by stimulating production of eggs and other related medical issues in women body.
The global IVF hormones market is segmented under the global IVF market, which is estimated to reach at USD 22 Billion by 2021.
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Market Size and Forecast
In recent years, North America and Europe held the largest market size and is anticipated to maintain its position in future, hence, largest IVF hormone market during the forecast period i.e. 2015-2021. There were about 165, 174 IVF treatment procedures performed in the U.S. in 2014. IN Europe, the U.K. on an average accounts for over 60,000 procedures of IVF treatment each year. Asia-Pacific IVF hormone market is believed to witness the fastest growth owing to rise in disposable income and increase in medical tourism in countries like India and China.s
Key Players
The major key players of the global IVF hormone market are as follows:
Lee Biosolutions Inc.
Aquatic Remedies Pvt. Ltd.
Sigma-Aldrich
Empower Pharmacy
Kamiya Biomedical Company
Agilent Technologies
BBI solutions
Genzyme Corporation
Asta Medica GmbH
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Growth Drivers and challenges
On the back of factors like, up-surged cases of infertility in men and women, late marriages, negative impact of lifestyles, inventions of new technologies in IVF market and increasing awareness about egg donation among women, the global IVF hormones demand is expected to reach new in near future. In addition to that, rising per capita income of some of the developing nations is also believed to drive the growth of the market in near future.
However, high cost associated with IVF procedures and stringent government regulations are expected to restrain the global IVF hormones market during 2015-2021.
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