The UK IVF services market is estimated to reach $685.4 million by 2022, registering a CAGR of 7.7% during the analysis period. As the chances of conceiving lower with age, delayed pregnancy in women majorly drives the market. The success rate of getting pregnant with IVF technique is higher in age group of 35‐39 years. In addition, increase in cases of infertility, delayed marriages, and late parenthood decisions propels the market growth. Furthermore, IVF services, has become popular in the UK owing to the supportive regulation such as Human Fertilization and Embryo Authority (HFEA), which closely regulates the functioning of IVF treatments and research. This factor supplements the market growth.
Ethical and religious considerations majorly limit the growth of this market. Moreover, lower success rate of IVF procedures since the patient may not conceive in first cycle, leads a patient to undergo several cycles, thereby adding to the overall cost. The average cost of this procedure is high, which often acts as a major limitation to the adoption of the technique. In addition, ban on contract surrogacy in the UK is another challenge that limits the market growth.
The UK IVF services market is segmented into end users and cycle type. By end users the market further segmented into fertility clinics, hospitals, surgical centers, and clinical research institutes. By cycle type, the market categorized into fresh cycle (non-donor), thawed IVF cycle (non-donor), and donor egg IVF cycle. The hospitals and clinics profiled in this report include Lister Fertility Clinic, The Bridge Center, and Chelsea and Westminster Hospital (Assisted Conception Unit).
UK IVF Services Market Key Segments:
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