n-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.
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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).
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.
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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 (IVF) market, published by Market Data Forecast 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. Latin America in-vitro fertilization market 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 2016, whereas, sperm separation systems segment is expected to grow at the highest CAGR during forecast period 2016-2021.
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.On the basis of geographical areas, Latin America in-vitro fertilization market is segmented as Brazil, Argentina, and Mexico.
The key players in in-vitro fertilization market such as, CooperSurgical, Inc. (U.S.), Vitrolife AB (Sweden), Cook Medical, Inc.
(U.S.), Irvine Scientific (U.S.), Thermo Fisher Scientific, Inc. (U.S.), EMD Serono, Inc. (U.S.), Genea Limited (Australia), ESCO Micro Pte.
Limited (Singapore), IVFtech ApS (Denmark), and The Baker Company, Inc. (U.S.).
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