Advancements in Cryopreservation Technologies Boost the IVF Market
The rising infertility among the male and female population across the globe is the primary driving factor for the growth of the in vitro fertilization market. Other main contributing factors to the growth of the market include rising reproductive tourism and the growing awareness among the population regarding in vitro fertilization. According to WHO, approximately 1 in 6 people(17.5% of the global population) worldwide – have infertility, which indicates a growing requirement for infertility treatments. The change in lifestyle and increase in the average age of marrying, as well as an increase in the average age of conceiving a first child, is increasing globally. As the number of individuals opting for IVF treatments is growing, this trend is fueling the growth of in vitro fertilization treatments. In addition, many career-oriented women are opting for freezing their eggs and planning to have a child at a later stage in life. This growing reliance on fertility methods ...