Asia-Pacific In-vitro Fertilization Services Market to Reach $7.1 Bn, by 2022
The Asia-Pacific IVF cycle market is characterized by improvement in standards of living, increasing number of couples delaying parenthood due to professional commitments, and trends towards financial stability. Get sample copy of this report: https://www.alliedmarketresearch.com/request-sample/853.
The Asia-Pacific IVF cycle market is characterized by improvement in standards of living, increasing number of couples delaying parenthood due to professional commitments, and trends towards financial stability.
Get sample copy of this report: https://www.alliedmarketresearch.com/request-sample/853.
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<strong>Asia</strong>-<strong>Pacific</strong> <strong>In</strong>-Vitro <strong>Fertilization</strong> (IVF) <strong>Services</strong><br />
<strong>Market</strong>– <strong>In</strong>troduction<br />
The <strong>Asia</strong>-<strong>Pacific</strong> <strong>In</strong>-<strong>vitro</strong> <strong>Fertilization</strong> <strong>Market</strong> is expected <strong>to</strong> reach $7 billion <strong>by</strong> <strong>2022</strong>,<br />
growing at a CAGR of 13.3% from 2016 <strong>to</strong> <strong>2022</strong>. The fresh cycle (non-donor) segment<br />
accounted for approximately three-fourths share in 2015 and is expected <strong>to</strong> maintain<br />
its dominance during the forecast period.<br />
The rapidly growing geriatric population has been a major concern for the<br />
government in most of the countries in the <strong>Asia</strong>-<strong>Pacific</strong> region. Several countries, such<br />
as Vietnam, Cambodia, and Philippines, have fertility rates of 2 births per woman,<br />
which is below the average rate of 2.1 births per woman. These countries are keen on<br />
boosting their fertility rates <strong>to</strong> maintain balance between new born and geriatric<br />
populations. <strong>In</strong>donesia in particular had a fertility rate of 2.1 and geriatric population<br />
of about 5% of the <strong>to</strong>tal population in 2015. According <strong>to</strong> Ageing<strong>Asia</strong>.org, this number<br />
is anticipated <strong>to</strong> reach 74 million <strong>by</strong> 2050. Korea, which had a fertility rate of 1.25 in<br />
2014, has announced financial support for infertility treatment. Similarly, Singapore,<br />
with fertility rate of 0.80 in 2014, has increased the subsidy for treatment <strong>to</strong> 75% of<br />
the treatment cost. These fac<strong>to</strong>rs have been instrumental in driving the growth of the<br />
<strong>Asia</strong>-<strong>Pacific</strong> IVF cycle market.
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