Saudi Arabia IVF Market

Saudi Arabia In-Vitro Fertilization (IVF) Market to Grow at a CAGR of 8.7%, during the Forecast Period

Published | 27 July 2022

Saudi Arabia In-Vitro Fertilization (IVF) Market is flourishing owing to the increasing male infertility, rising first-time mothers' median age, rising obesity, diminishing fertility rates, and rising alcohol consumption…

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Saudi Arabia In-Vitro Fertilization (IVF) Market is predicted to grow at a CAGR of 8.7%, by the end of 2028. The Saudi Arabia In-Vitro Fertilization (IVF) Market is booming as a result of decreased fertility rates and an increase in the median age of first-time mothers. Moreover, growing in-vitro fertilization market opportunities are being produced by rising levels of public awareness about infertility and the availability of treatment options. Additionally, the incidence of male infertility is on the rise, which is contributing to a rise in the use of in-vitro fertilization. Furthermore, Saudi Arabia In-Vitro Fertilization (IVF) Market is one of the most emerging markets that grow continuously owing to the fast integration of new technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), cloud computing, and others. However, it is anticipated that to some extent, the expansion of the IVF industry might be constrained by the high cost and poor success rate of IVF therapy, as well as by stringent legislation and ethical issues.

IVF Procedure Success Rates are Increasing

A declining total fertility rate, an increase in IVF clinics, a high success rate for the procedure, booming fertility tourism, an increase in the use of assisted reproductive technology (ART) in developing regions, and an increase in government initiatives to raise public awareness of infertility and its treatments are all expected to drive growth in the market. In vitro fertilization has emerged as the gold standard for the treatment of infertility due to its increased success rate. Couples who are infertile or childless are having children more frequently. Using this modern ART procedure, a donor or non-donor egg is fertilized in a laboratory with either a partner's sperm or donor sperm.

Infertility caused by Postponing Pregnancies drives Market Growth

Another important factor driving industry growth is the delay in getting pregnant after marriage. The number of mothers who postpone having children even after reaching the age of 35 has increased. Infertility is caused by pregnancy complications caused by delayed pregnancies, which drives the growth of the in-vitro market. Furthermore, the industry is rapidly expanding as a result of the country's decline in fertility rates. As a result, the rapidly declining fertility rates are the primary drivers of the Saudi Arabia In-Vitro Fertilization (IVF) Market. During the forecast period, all of these factors contribute to the growth of the Saudi Arabia In-Vitro Fertilization (IVF) Market (2022-2028).

Saudi Arabia In-Vitro Fertilization (IVF) Market Demand

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Challenge: Lowering the Effectiveness of Infertility Treatment in Older Individuals

A rising number of older women are turning to infertility clinics for assistance as a result of the shifting social climate. Along with age comes an increased chance of difficulties during pregnancy and labor. While a woman over the age of 40 is more than five times more likely to experience a miscarriage or stillbirth than a woman under the age of 35, the risk increases by 2.5 times for women over the age of 35. One of the main challenges for the IVF business is the diminishing success rates of IVF treatment methods in patients of growing age.

Segmental Coverage

Saudi Arabia In-Vitro Fertilization (IVF) Market - By Region

Geographically, the Saudi Arabia In-Vitro Fertilization (IVF) Market is segmented into Central, Western, Eastern, and Southern. The Eastern region segment is expected to dominate the growth of the Saudi Arabia In-Vitro Fertilization (IVF) Market due to rising population, urbanization, and changing living standards, as well as an expanded lifestyle, all of which play an important role in driving demand for IVF procedures. All these factors boost the growth of the Saudi Arabia In-Vitro Fertilization (IVF) Market during the forecast period (2022-2028).

Impact of COVID-19 on Saudi Arabia In-Vitro Fertilization (IVF) Market

The COVID-19 pandemic prompted a nationwide suspension of in vitro fertilization treatment, which had a significant impact on women undergoing IVF procedures. The number of people undergoing IVF cycles worldwide fell by 90% during the COVID-19 pandemic. The spread of COVID-19 has had an impact not only on fertility clinics due to the cancellation of IVF treatments but also on fertility decisions among couples who had opted for IVF treatment before the pandemic.

Competitive Landscape

The leading market players in the Saudi Arabia In-Vitro Fertilization (IVF) Market are Dr. Sulaiman Alhabib Medical Group, Healthplus Fertility & Women’s Health Center, Dr. Samir Abbas Medical Centers, Dr. Khalid Idriss Hospital, KKUH-Assisted Conception Unit, King Faisal Specialist Hospital, Saad Hospital IVF Center, Al Manaa General Hospital, Thuriah Medical Center, and other prominent players.

The Saudi Arabia In-Vitro Fertilization (IVF) Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Don’t miss the business opportunity in the Saudi Arabia In-Vitro Fertilization (IVF) Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Saudi Arabia In-Vitro Fertilization (IVF)  Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Saudi Arabia In-Vitro Fertilization (IVF) Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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