Global IVF devices and consumables market is forecasted to attain a size of $5.0 billion by 2023, according to P&S Market Research.Some of the prominent factors driving the growth of the market are rise in the infertility rates, growing success of the IVF procedure, surge in the availability of technologically advanced products and a global rise in fertility tourism.
The IVF devices and consumables market is categorized as sperm separation systems, cryosystems, incubators, imaging systems, ovum aspiration pumps, cabinets, micromanipulator systems, accessories and disposables and others, on the basis of various type of instruments. The accessories and disposables category further include; semen analysis chambers, plastic ware, oocyte retrieval needles and other miscellaneous disposables. This category is expected to hold the largest share of the market in 2016 and is anticipated to generate revenue of $3.0 billion by 2023, registering a CAGR of 16.3% during 2017-2023.
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The APAC IVF devices and consumables market is expected to witness the fastest growth in demand, at a CAGR of 21.8% during the forecast period. The growth in the APAC market is mainly supplemented by low manufacturing cost of IVF devices and increasing adoption of IVF procedures owing to rising fertility tourism in the region.
Additionally, rising healthcare awareness and availability of skilled workforce are the key factors that are likely to provide stellar growth opportunities for the market players to expand in APAC.
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Globally, key players in the IVF devices and consumables industry are developing and launching products that are equipped with latest advanced technology to fulfill the market demands. For instance, in September 2016, ORIGIO, a subsidiary of Cooper Surgical, became the official distributor of Research Instruments in Russia. The distribution included products such as Integra 3 micromanipulators, Saturn laser, IVF Witness system, and other RI products.
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The IVF devices and consumables market is categorized as sperm separation systems, cryosystems, incubators, imaging systems, ovum aspiration pumps, cabinets, micromanipulator systems, accessories and disposables and others, on the basis of various type of instruments. The accessories and disposables category further include; semen analysis chambers, plastic ware, oocyte retrieval needles and other miscellaneous disposables. This category is expected to hold the largest share of the market in 2016 and is anticipated to generate revenue of $3.0 billion by 2023, registering a CAGR of 16.3% during 2017-2023.
Request to Get the Sample Pages at: https://www.psmarketresearch.com/market-analysis/ivf-devices-and-consumables-market/report-sample
The APAC IVF devices and consumables market is expected to witness the fastest growth in demand, at a CAGR of 21.8% during the forecast period. The growth in the APAC market is mainly supplemented by low manufacturing cost of IVF devices and increasing adoption of IVF procedures owing to rising fertility tourism in the region.
Additionally, rising healthcare awareness and availability of skilled workforce are the key factors that are likely to provide stellar growth opportunities for the market players to expand in APAC.
Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=ivf-devices-and-consumables-market
Globally, key players in the IVF devices and consumables industry are developing and launching products that are equipped with latest advanced technology to fulfill the market demands. For instance, in September 2016, ORIGIO, a subsidiary of Cooper Surgical, became the official distributor of Research Instruments in Russia. The distribution included products such as Integra 3 micromanipulators, Saturn laser, IVF Witness system, and other RI products.
Contact:
P&S Market Research
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
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