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(Medical-NewsWire.com, March 22, 2018 ) Latin America in-vitro fertilization (IVF) market is expected to reach USD 0.28 billion by 2021 from USD 0.13 billion in 2016, growing at a CAGR of 17.6% during the forecast period 2016-2021.
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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 partners, or known or anonymous donors. 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 the couples with infertility problems, single mothers, as well as LGBT communities. The major product categories that assist in-vitro fertilization method include reagents & media (such as embryo culture media, sperm processing media) and instruments (sperm separation system, cryosystems).
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Growing rate of medical tourism in certain Latin America countries (such as Brazil), increasing technological advancements in in-vitro fertilization procedures, and rising number of fertility disorders are driving the growth of in-vitro fertilization market in Latin America. However, unaffordability of in-vitro fertilization instruments and difficulties to maintain in-vitro fertilization procedures are restraining the growth of in-vitro fertilization market in Latin America.
Latin America in-vitro fertilization market size is segmented based on reagents & media, instruments, technology, and end users. Based on reagents & media, the market is further sub-segmented as embryo culture media, cryopreservation media, sperm processing media, and ovum processing media. Of these, cryopreservation media accounted for the largest share of Latin America in-vitro fertilization market by reagents & media in 2015. Based on instruments, the market is segmented as imaging systems, sperm separation systems, ovum aspiration pumps, incubators, micromanipulator systems, cryosystems, and other instruments (gas analyzers, laser systems, accessories). Of these, imaging systems commanded the largest share of Latin America in-vitro fertilization market by instruments in 2015, whereas, sperm separation systems segment is expected to grow at the highest CAGR during forecast period 2015-2020.
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Based on technology, the market is segmented as intra-cytoplasmic sperm injection, pre-implantation genetic diagnosis, frozen embryo transfer/replacement, and other technologies. Among these, intra-cytoplasmic sperm injection segment accounted for the largest share of Latin America in-vitro fertilization market by technology in 2015. Based on end users, the market is segmented as fertility & surgical centers, hospitals & research laboratories, and cryobanks. Of these, fertility & surgical centers segment commanded the largest share of Latin America in-vitro fertilization market by end users in 2015.
Market Segmentation
Introduction
Reagents and Media
Introduction
Embryo Culture Media
Allogeneic Cell-Based Products
Autologous Cell-Based Products
Cryopreservation Media
Sperm Processing Media
Ovum Processing Media
Instruments
Introduction
Imaging Systems
Sperm Separation Systems
Ovum Aspiration Pumps
Incubators
Micromanipulator Systems
Cryosystems
Other Instruments (Gas Analyzers, Laser Systems, Accessories)
Technology
Introduction
Intra-Cytoplasmic Sperm Injection (ICSI)
Pre-Implantation Genetic Diagnosis (PGD)
Frozen Embryo Transfer/Replacement (FET/FER)
Other Technologies
End Users
Introduction
Fertility and Surgical Centers
Hospitals and Research Laboratories
Cryobanks
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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Source: EmailWire.com
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