In vitro fertilization is growing at about 10-13% per year

[ScienceRocks]

In vitro fertilization is growing at about 10-13% per year
brian wang | May 29, 2017 |

The in vitro fertilization (IVF) services market is expected to touch $23 billion by 2025, growing at a CAGR of 10.3% from 2017 to 2025.

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.

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