In Vitro Fertilization (IVF) Hormones Market is Estimated to Reach USD 22 Billion by 2021 – Future Growth Analysis With Impact of COVID-19

Infertility is one of the major causes of distress among the majority of couples in the world caused either by physiological or genetically arrived disorders. IVF (In Vitro Fertilization) has emerged as a revolutionary technique that helps couples to have their own child by allowing the fertilization procedure outside the body. IVF hormones help to catalyze the process by stimulating the production of eggs and other related medical issues in women’s bodies. 

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The global IVF hormones market is segmented under the global IVF market, which is estimated to reach USD 22 Billion by 2021.

Market Size and Forecast

In recent years, North America and Europe held the largest market size and is anticipated to maintain its position in the future, hence, the largest IVF hormone market during the forecast period i.e. 2015-2021.

There were about 165, 174 IVF treatment procedures performed in the U.S. in 2014. IN Europe, the U.K. on average accounts for over 60,000 procedures of IVF treatment each year.

Asia-Pacific IVF hormone market is believed to witness the fastest growth owing to a rise in disposable income and an increase in medical tourism in countries like India and China.s

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Key Players

The major key players of the global IVF hormone market are as follows:

Lee Biosolutions Inc.
Aquatic Remedies Pvt. Ltd.
Sigma-Aldrich
Empower Pharmacy
Kamiya Biomedical Company
Agilent Technologies
BBI solutions
Genzyme Corporation
Asta Medica GmbH

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Market Segmentation

By Types

On the basis of type, the global IVF hormones market is segmented as follows:

Follicle-Stimulating Hormone/ Gonadotropin-releasing Hormone (GnRH)
Luteinizing Hormone
By Gender

On the basis of gender, the global IVF hormones market is classifieds as follows:

Male IVF Hormone
Female IVF Hormone
By Geography

On the basis of geography, the global IVF hormones market is segmented are as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
The Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

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Growth Drivers and challenges

On the back of factors like up-surged cases of infertility in men and women, late marriages, the negative impact of lifestyles, inventions of new technologies in the IVF market and increasing awareness about egg donation among women, the global IVF hormones demand is expected to reach new in near future.

In addition to that, rising per capita income of some of the developing nations is also believed to drive the growth of the market in the near future.

However, the high costs associated with IVF procedures and stringent government regulations are expected to restrain the global IVF hormones market during 2015-2021.

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