A new research study by Transparency Market Research (TMR) provides an all-inclusive assessment of the global market for human embryo culture mediums. The report, titled “Human Embryo Culture Mediums Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025,” analyzes the prominent trends, growth boosters, obstructions, market potentials, opportunities, and the challenges to find out the future prospects and performance of this market.
According to the research report, the global market for human embryo culture mediums is primarily driven by the increasing investments by a number of health care providers in the public and private sector for IVF procedures. However, the swift development of in-house culture mediums and the rising number of new market entrants are projected to hamper the market’s growth in the near future, states the research report.
The global market for human embryo culture mediums can be evaluated on the basis of the product, end user, and the region. In terms of the product, the market can be classified into sequential-step culture mediums and single-step culture mediums. In case of the single-step culture mediums, the medium is not altered during the procedures, such as cryopreservation or fertilization check, whereas, in the other case, the medium is altered at every stage of the ART process. Since, both the mediums have their benefits and drawbacks, both are witnessing significant adoption in the IVF industry. By the end user, the market can be bifurcated into hospitals and IVF clinics. IVF clinics have been the leading end users in this market and are likely to remain on the top in the near future, thanks to their highly developed infrastructure and the presence of skilled professionals.
The transportation, building and construction, consumer goods, and several other sectors, such as marine, sports and leisure goods, electrical and electronics, and aerospace are also considered as key end users of human embryo culture mediums, globally. Among these, the transportation industry is reporting a higher demand for human embryo culture mediums, states the market report.
Geographically, the worldwide market for human embryo culture mediums can be divided into Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. Among these, North America has been leading the global market, thanks to the increased uptake of ARTs and the rising expenditure on IVF by companies in the public and private sector. This regional market is estimated to remain dominant over the next few years. Europe stood second in 2016 and is projected to retain its position over the forecast period. Asia Pacific is also anticipated to register healthy growth in the near future, thanks to the augmenting awareness about IVF and the continual development in the healthcare infrastructure in emerging economies, such as China and India, notes the research study.
The competitive analysis of the global market for human embryo culture mediums has also been offered in this research report. It conducts a thorough study of the prominent vendors of human embryo culture mediums across the world, such as Surelife Pte. Ltd., CooperSurgical Fertility Co., Cook Medical, Vitrolife AB, Irvine Scientific, and Genea Biomedx. These players are expected to focus on strategic collaborations to strengthen their positions in the years to come, states the research study.
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