Market Definition
In Vitro Fertilization (IVF) is an Assisted-Reproductive Technology (ART) performed by combining the retrieved sperm sample & fertilized eggs in a laboratory dish to form the embryo. The embryos are then transferred into the uterus using a catheter or small tube. In Vitro Fertilization is one of the widely used treatments to assist couples having infertility issues. Therefore, the rising number of infertility cases, delayed pregnancies, growing disposable income, and technologically advanced procedures to improve the efficacy of the treatment are expected to propel the UAE In Vitro Fertilization (IVF) market in the forthcoming years.
Market Insights
The UAE In Vitro Fertilization (IVF) Market is projected to grow at a CAGR of around 14.12% during the forecast period, i.e., 2022-27. The rising infertility cases in both genders have significantly impacted the market growth of In Vitro Fertilization (IVF) in the UAE. According to United Nations, World Population Prospects, the fertility rate for UAE is 1.367 births per woman in 2022, which is a decline of 0.94% from 2021. In addition, the rising number of female labor force participants in the country, which has increased from 28% to 52% as of 2019, had augmented the infertility cases due to lifestyle-related changes & other chronic ailments.
Report Coverage | Details |
---|---|
Study Period | Historical Data: 2017-20 |
Base Year: 2021 | |
Forecast Period: 2022-27 | |
CAGR (2022-2027) | 14.12% |
Region Covered | Abu Dhabi, Dubai, Sharjah & Rest of Emirates |
Key Companies Profiled | CooperSurgical Fertility, Vitrolife, Esco Medical, Merck Group, Microptic Automatic Diagnostic Systems, Al Hayat Pharmaceuticals, Biomerieux, Eppendorf, Others |
Unit Denominations | USD Million/Billion |
Nonetheless, the market experienced a slight decline in 2020 due to the COVID-19 pandemic, which delayed or postponed IVF procedures & a temporary halt was experienced across all fertility centers & hospitals. Additionally, the UAE is one of the few countries that allow gender recognition before pregnancy in order to maintain the family balancing by the expectant parents. The rising technological advancements to detect gender, as well as any other hereditary & chromosomal disorder, would further augment the In Vitro Fertilization (IVF) market in the forecasted years. Moreover, rising reproductive tourism & increased government initiatives to combat the infertility issues in the country is also the prominent reason for the rising demand for IVF in the UAE. For instance:
Further, the cost-effective IVF procedure, which could also be availed through loans taken from public & private banks along with the EMI options provided by the hospitals & fertility centers, would also contribute to the growth of the IVF market in the coming years.
Key Trend in the Market
With advanced reproductive technologies, identification of the gender of the embryos before pregnancy could be possible through IVF & Comprehensive Chromosomal Screening (CCS), also referred to as Pre-Implantation Genetic Diagnosis. Therefore, expecting parents in the UAE tend to divulge the gender of their child in order to attain a more equal representation of both genders in a household. In addition, the combined method of Next Generation Sequencing (NGS) & IVF is performed at the chromosomal level to provide nearly 100% accurate results, subsequently making family balancing safe & effective for expectant parents. Moreover, the rising concerns to detect any chromosomal abnormalities such as Down syndrome, and Edward’s syndrome at an early stage, further stimulates the IVF market growth in the coming years. Therefore, the country is experiencing rapid growth in adopting, In Vitro Fertilization (IVF) to reproduce a healthy child while having a choice in the gender selection procedure as well, which is consequently impacting the positive growth of the IVF market in the UAE during the forecasted years.
Impact of COVID-19 on the UAE In Vitro Fertilization (IVF) Market
The COVID-19 pandemic adversely affected the UAE In Vitro Fertilization (IVF) market due to the implemented lockdown, social distancing norms, and the temporary shutdown of the clinics & fertility centers across the country. As a result, various ongoing IVF procedures had to suffer a lot during that time. Since IVF is a time-sensitive market, every week is crucial for the couples undergoing the process. However, the delayed operations & rising coronavirus cases significantly impacted the clinics & fertility services, including IVF & egg-freezing.
In addition, in 2021, specialty clinics & fertility centers resumed their services after adopting stringent COVID-19 safety protocols, such as frequent sanitization of premises, use of personal protective equipment & masks, and proper scheduling of appointments to minimize patient waiting times.