IVF Devices and Consumables Market Outlook 2023- Global Trends, Opportunity and Growth Analysis

The declining fertility rate, rising prevalence of delayed pregnancy, increasing disposable income, and growing awareness about in-vitro fertilization (IVF) treatment options are driving the IVF devices and consumables market. It gathered a revenue of $1.6 billion in 2016, and it is expected to grow at a 17.9% CAGR during the forecast period (2017–2023). The artificial fertilization of an ovum in a laboratory setting to be later implanted into the uterus is termed as in-vitro fertilization. Request to Get the Sample Pages at: https://www.psmarketresearch.com/market-analysis/ivf-devices-and-consumables-market/report-sample The key driving factor for the IVF devices and consumables market is the rising infertility rate, worldwide. In developing nations, one in every four couples is affected by infertility. As per the World Bank, the fertility rate came down to 2.4 in 2015 from 4.7 in 1970. Smoking, which has a negative impact on health, is a major cause of infertility. Smoking reduces the chances of pregnancy in women by 50.0%. The Human Reproduction Journal of the Oxford Press said that about 7.7 million women will be diagnosed with infertility by 2025. Therefore, the market for IVF devices and consumables is slated to advance during the forecast period, owing to technological advancements in IVF treatment, which are providing numerous infertile couples a chance to experience parenthood.