The advancement of IVF market in Asia Pacific is characterized by major factors such as the rising standards of living and growing number of couples delaying parenthood due to professional and financial commitments. The Asia Pacific IVF market, valued at $1.3 billion in 2012, is estimated to reach $4.2 billion by 2020. As the chances of conceiving lowers with age, delayed pregnancy in women is one of the major driving factors of the IVF market. The success rate of getting pregnant with IVF technique is higher within the age group of 35-39. Other driving factors of the IVF market are rise in infertility rates due to rise in stress levels, change in life style and fertility related diseases.
Asia, in particular is facing the challenge of aging population and lower work force replacement. These trends would impact the socio-economic development and progress. Many countries in Asia Pacific region such as Japan, North and South Korea, China, Vietnam, Singapore and Thailand have fertility rates that are way below the replacement fertility levels. According to the East West center study, countries such as Japan, South Korea, Singapore, Taiwan, etc., Asia’s prosperous economies have the lowest birth rate worldwide.
Taiwan has the lowest birth per women which is 0.91 (2010) when compared with South Korea (1.15), Japan (1.39) and Singapore (1.16). This trend is due to couples postponing parenthood, couples preferring few children or rather no children at all.
Countries in Asia Pacific with such lower levels of fertility have initiated innovative assistance programs to promote parenthood and provide subsidies on fertility treatments such as IVF. In addition, lower treatment cost as compared to western countries has also proved to be positive for the artificial reproductive treatment (ART) industry in the region. With the advancing technologies, the success ratio of ART, especially IVF, has also grown in the region. Together, these factors have not only provided the region with an opportunity to improve on its birth rates, but also have added to the growth of the medical tourism industry in the region. Due to the rising trend in Medical tourism, many countries such as Malaysia, Thailand, Singapore, and India are gaining popularity.
For the purpose of better understanding of the market, the report has covered 12 country markets and has presented a cross sectional analysis of each country market for end user segments. Both revenue and number of IVF cycles performed at various end use segments is calculated based on various indicators, authentic secondary sources, government publications and primary research with leading IVF providers in each of the country. The qualitative analysis is carried out for each country market for major trends and market dynamics. The major countries covered in this study include:
Each of these country markets has been analyzed for following end user segments:
Apart from that, profiles of major market player in each of the country have also been provided for better understanding of market strategy and competitive scenario.