(PharmaNewsWire.Com, March 16, 2017 ) According to the report Latin America In-Vitro Fertilization Market, published by Market Data Forecast, the Latin America market is projected to reach USD 0.24 billion by 2021, at a CAGR of 17.60% from 2016 to 2021
In-vitro fertilization (IVF) involves the fertilization of ovum using laboratory settings followed by implantation into uterus. In-vitro fertilization is also known as assisted reproductive technology. The process involves the collection of matured healthy eggs and sperms from the known or anonymous donors or partners,. These eggs get fertilized using laboratory reagents & media and instruments. Fertilized eggs (embryos) are implanted into uterus for the continuation of development of embryo to child. One cycle of in-vitro fertilization takes around 10-15 days.
IVF is most widely accepted method for the fertility treatments in clinical industry and helpful for single mothers, the couples with infertility problems, as well as LGBT communities. The major product categories that assist in-vitro fertilization method include reagents & media (such as sperm processing media, embryo culture media) and instruments (sperm separation system, cryosystems).
Increasing technological advancements in in-vitro fertilization procedures, growing rate of medical tourism in certain Latin America countries (such as Brazil), and rising number of fertility disorders are driving the growth of in-vitro fertilization market in Latin America. However, difficulties to maintain in-vitro fertilization and unaffordability of in-vitro fertilization instruments procedures are restraining the growth of in-vitro fertilization market in Latin America.
The In-Vitro Fertilization Market is segmented as following: Based on Reagents and Media: Introduction Embryo Culture Media Cryopreservation Media Sperm Processing Media Ovum Processing Media Based on Instruments: Introduction Imaging Systems Sperm Separation Systems Ovum Aspiration Pumps Incubators Micromanipulator Systems Cryosystems Other Instruments (Gas Analyzers, Laser Systems, Accessories) Based on Technology: Introduction Intra-Cytoplasmic Sperm Injection (ICSI) Pre-Implantation Genetic Diagnosis (PGD) Frozen Embryo Transfer/Replacement (FET/FER) Other Technologies Based on End Users: Introduction Fertility and Surgical Centers Hospitals and Research Laboratories Cryobanks
The major companies operating in the In-Vitro Fertilization Market are ESCO Micro Pte. Limited (Singapore), CooperSurgical, Inc. (U.S.), Cook Medical, Inc. (U.S.), Vitrolife AB (Sweden), IVFtech ApS (Denmark), Genea Limited (Australia), Inc. EMD Serono, Inc. (U.S.), Irvine Scientific (U.S.), Thermo Fisher Scientific(U.S.), and The Baker Company, Inc. (U.S.).
The In-Vitro Fertilization Market study offers the following deliverables: Latin America, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the Latin America market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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