Asia-Pacific is estimated to dominate the IVF market throughout the analysis period and is set to grow at a prominent CAGR of 13.0%, due to wide availability of IVF clinics, high IVF success rates, and the rising trend of fertility tourism. Japan leads the Asia-Pacific IVF services market, accounting for majority of the market share, and is expected to maintain its position during the analysis period. In terms of revenue, Europe dominated the market in 2016, owing to the favorable reimbursement scenario, and is expected to grow at a CAGR of 5.1%, in terms of revenue.
According to the Chinese government, 700,000 women underwent IVF treatment in 2014. This was before China started its two child policy on December 27, 2015. Many more older women in China who were blocked from more children are using IVF.
In 2016, it was estimated that the numbers of women in China choosing IVF had risen by 20 percent since the relaxation of the policy, which came into effect at the start of 2016. Before, the average age of IVF patients in China was about 35. Now most of them are older than 40 and some of the women are fast approaching 50.
Some other factors increasing IVF
Wealthy bachelors are getting vasectomies and freezing their sperm. They plan to use IVF at a time and relationship of their choosing. They are using vasectomies to prevent getting trapped into child support while living a promiscuous lifestyle.
A recent fertilization technique, described as ‘a real breakthrough’ involves placing egg and sperm cells into a tiny silicone capsule, the size of a grain of rice, and inserting it into the womb. Doctors say it gives couples a psychological boost, knowing that the child has actually been conceived inside the mother, while the embryos benefit from being in the perfect conditions for fertilisation. It contains 360 holes so fluid from the womb can surround the egg and sperm.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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