The increasing government inclination to boost medical tourism, surging advancement in the treatment technology and burgeoning demand for IVF treatment are some of the factors booming the growth of the market in the region. The Middle East & Africa IVF Tools & Techniques market is anticipated to attain a CAGR of 16% during 2021-26 owing to the factors such as a significant rise in the number of infertility among men and women due to various lifestyle disease, increasing adoption of IVF treatment to conceive second child and growth in gamete donations. Besides this, the introduction of favourable law by the government for frozen embryo and the rise in the number of people travelling to UAE seeking fertility treatment for gender selection are the factors placing a positive impact on the growth of the IVF tools & techniques market in the forecast period.
Key questions answered in the study
The Demand for IVF Tools & Techniques is High for Skin Rejuvenation
According to the MarkNtel Advisors’ research report, the CAGR of “The Middle East & Africa IVF Tools & Techniques Market Analysis, 2021”. The market is segregated into Intra-Cytoplasmic Sperm Injection (ICSI), Pre-Implantation Genetic Diagnosis (PGD), Frozen Embryo Transfer/Replacement (FET/FER), based on Technique. The Frozen Embryo Transfer/Replacement (FET/FER) is projected to grow at an exponential rate in the Middle East & Africa IVF Tools and Techniques market during 2021-26. This is due to the rising preference of women to freeze their embryos as there is no greater risk of abnormalities and the chance of pregnancy is higher. The demand for Frozen Embryo Transfer/Replacement (FET/FER) is projected to surge in UAE due to the introduction of law by the government where couples can freeze their embryos for at least five years.
“The Middle East & Africa IVF Tools & Techniques Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting the market growth, hotspots and opportunities available for IVF Tools & Techniques providers across the region. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Saudi Arabia Acquired Considerable Market Share
Saudi Arabia acquired a considerable market share in the Middle East & Africa IVF Tools & Techniques market in 2020. The growth is attributed to the significant growing popularity of infertility treatment, surging number of people seeking IVF treatment, and the introduction of affordable IVF treatment costs by the companies. In addition to this, an upsurge in the number of fertility centre, a rise in medical advancement and boost in infertility rate among men and women are giving robust investment opportunities in long-term demographic changes. Hence, these are the factors contributing to the lucrative growth of the Middle East & Africa IVF Tools and Technique market in the forecast period as revealed by MarkNtel Advisors’ research report “The Middle East & Africa IVF Tools & Techniques Market Analysis, 2021”.
According to MarkNtel Advisors, the major leading players in the Middle East & Africa IVF Tools & Techniques market are Coopersurgical, Inc., Vitrolife, Cook Medical, Inc. Irvine Scientific, Thermo Fisher Scientific, Inc., EMD Serono, Inc., Genea Limited, Esco Micro Pte. Limited, IVFtech Apps, The Bakers Company Inc. etc.