Asia-Pacific IVF Devices and Consumables Market by Instruments, Reagents and Media and Technology – 2014 – 2020
Summary: A recent report titled “Asia-Pacific IVF Devices and Consumables Market” offers valuable insights related to the market such as the market share, size and growth. The current trends, growth prospects and the major barriers within this market are thoroughly discussed in detail.
Asia-Pacific IVF Devices and Consumables Market is expected to garner $4.2 billion by 2020, registering a CAGR of 17.1% during the forecast period 2013 – 2020. The Asia-Pacific IVF devices market is growing significantly mainly due to rising incidences of infertility, advancement in IVF techniques and growing healthcare per capita spending. Recent innovations in the IVF technology, such as embryoscope and capsule IVF, are expected to further drive the IVF devices market. However, strenuous maintenance issues and high cost associated with the devices hinders the growth of the market. The shift in adoption of conventional infertility treatments such as infertility-medication (clomid), by the advanced IVF technologies would open opportunities for the IVF devices market. However, the major challenge in Asia-Pacific IVF devices market is affordability of these devices by the small sized IVF clinics.
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The Asia-Pacific IVF devices market is segmented into IVF instruments, reagents and media, technology, end users and geography. The instruments considered in this report include sperm separation system, cryosystem, incubator, imaging system, disposables and consumables ovum aspiration pump, IVF cabinet, micromanipulator, IVF-accessories and disposables and others. The capital equipment used during IVF procedures is the fastest growing devices owing to high usage. However, disposables and consumables used during IVF procedures are the highest revenue generating segment.
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Based on reagents and media the market is categorized into, cryopreservation media, semen processing media, ovum processing media and embryo culture media. Cryopreservation media is the high revenue generating media owing to its large application during frozen IVF cycles. IVF devices and consumables market by techniques is categorized into, fresh embryo IVF, frozen egg IVF and donor egg IVF. Fresh embryo IVF cycles are the largest revenue generating segment, as couple seeking for IVF treatment would firstly opt for fresh IVF cycle.
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