Global Cryopreservation for In-vitro Fertilization (IVF) Market: Overview
The growth of the global cryopreservation for in-vitro fertilization (IVF) market has observed a considerable drop in the year 2020 owing to the outbreak of Covid-19. Limitations levied on the production facilities along with diminished consumer expenditure on the sector have affected prospects of the market on a short-term basis. With considerable progress made in the success rate of pregnancy in storage for reproductive materials for long-terms, the global cryopreservation for in-vitro fertilization (IVF) market is likely to observe growth over the timeframe of analysis, from 2020 to 2030. Changes in regulation favorable toward older couples, same sex couples, and single parents are anticipated to work in favor of the market in the near future.
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Development of novel cryopreservation methods and increased adoption of assisted reproductive technology are likely to drive therapeutic applications in the IVF sector. In addition, cryopreservation of embryos and gametes for bio banks and IVF settings has emerged as an alternative option to usual practices for utilizing fresh embryos. Therefore, in comparison with fresh alternative, frozen thawed embryos have exhibited comparatively higher rate of success. This factor is likely to support expansion of the global cryopreservation for in-vitro fertilization (IVF) market in the years to come. Repeated ovarian stimulation in IVF treatments comes with health risks is anticipated to foster development of the global cryopreservation for in-vitro fertilization (IVF) market over the assessment timeline, from 2020 to 2030.
Application, type, and region are important factors in the market that has been considered for the classification of the global cryopreservation for in-vitro fertilization (IVF) market in the near future.
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Global Cryopreservation for In-vitro Fertilization (IVF) Market: Notable Developments
Leading market participants in this moderately fragmented market have mostly shifted their focus on investment into product launches and development. In addition, players in the global cryopreservation for in-vitro fertilization (IVF) market are focusing on the expansion of infrastructure and strategic collaborations to better access to consumers. A case in the point is Canada-based Future Fertility introduced a cloud-based software, Violet, for the assessment of probability of successful fertilization of oocytes before being to exposed to the process of cryogenic storage.
Some prominent market participants are mentioned as below
- Cryogatt Systems Ltd.
- Brooks Life Sciences
- TMRW Life Sciences Inc.
- Thermo Fisher Scientific Inc.
- Worthington Industries Inc.
- Cryo Solutions B.V.
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Global Cryopreservation for In-vitro Fertilization (IVF) Market: Key Trends
The below-mentioned factors are projected to give a glimpse into the nature of the business pertaining to the global cryopreservation for in-vitro fertilization (IVF) market over the assessment period, from 2020 to 2030.
Technological Progress in the Assisted Reproduction Process to Accentuate Demand
Fertility preservation has become an important part of reproductive medicine. Vitrification and freeze thaw are the two methods of cryopreservation in IVF. The process of vitrification is comparatively newer and prevents the potential pitfall of formation of ice, which usually affects the freeze thaw method. In addition, oocytes are more vulnerable ice damage due to microtubule structure, which is likely to support growth of the global cryopreservation for in-vitro fertilization (IVF) market in the near future.
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There has been progress in the method of treatment of malignant tumors with improved survival rate of cancer patients. In addition, increased investment into the techniques of development for assisted reproduction of cancer-stricken patients is likely to favor growth of the global cryopreservation for in-vitro fertilization (IVF) market in the near future.
Global Cryopreservation for In-vitro Fertilization (IVF) Market: Geographical Analysis
Asia Pacific is likely to come up as one of the leading regions in the global cryopreservation for in-vitro fertilization (IVF) market. Presence of rapidly growing, huge base of population is likely to bolster growth of the Asia Pacific market. In addition, costs of fertility treatment have come down, which is likely to drive the regional market.
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