Vietnam In-Vitro Fertilization Market to be Valued USD 202.69 Million by 2028
Rise in medical tourism and public
awareness about infertility and availability of treatment expected to drive the
growth of In-Vitro Fertilization market in the forecast period, 2024-2028.
According to TechSci Research
report, “Vietnam In-Vitro Fertilization – By Region, Forecast and Opportunities, 2018-2028”, Vietnam In-Vitro Fertilization market stood at
USD132.43 million in 2022 and is expected to grow at a CAGR of 7.47% during the
forecast period. Increasing in the number of fertility clinics and hospitals,
is elevating the demand for In-vitro fertilization market. Approximately 50%
of infertile couples in Vietnam are under the age of 30. In Southeast Asia,
Vietnam has emerged as the country with the highest number of in-vitro
fertilization (IVF) cycles and high success rates for assisted pregnancies.
Changing lifestyle among people causing obesity and increase in alcohol
consumption in females results in bolstering the growth of the In Vitro
fertilization market.
However, the high cost of In-Vitro
fertilization procedure is expected to slow down the market growth. The price
would greatly depend on the condition of the female and the chosen course of
therapy. Due to the low likelihood of success and high surgery cost, couples
think twice before undergoing therapy. Besides, the lack of awareness about the
fertility treatment in the country may hamper the growth of the market in the
forecast period.
Browse over 36 market
data Figures spread through 107 Pages and an in-depth TOC on "Vietnam In-Vitro Fertilization Market"
Vietnam In-Vitro
Fertilization is segmented into technique, product, egg donor, Infertility,
embryo, application, end user, region, and company.
Based on technique,
the market is divided into Intracytoplasmic Sperm Injection (ICSI IVF) and Non-ICSI/
Traditional IVF. The Intracytoplasmic Sperm Injection (ICSI IVF) `segment dominated the market in 2022 with an overall market share of
66.10%. This is owing to benefits such as a high success rate in In-Vitro
Fertilization procedures as a single sperm is injected directly into the egg
for the purpose of fertilization. Intra Cytoplasmic Sperm Injection (ICSI) in
In-Vitro Fertilization (IVF) fertilizes 50% to 80% of eggs and increases the
rate of pregnancies. However, Intra Cytoplasmic Sperm Injection (ICSI) adds to
the cost of an In-Vitro Fertilization cycle, making it more expensive than conventional
In-Vitro Fertilization which in turn is expected to hamper the growth of the
Vietnam In-Vitro Fertilization (IVF) market.
Based
on product, Vietnam In-Vitro Fertilization (IVF) market is categorized into
five sub-segments such as IVF Culture Media, ICSI Machine, IVF Incubators,
Cryo-System, and others. IVF Culture Media segment dominated the Vietnam In-Vitro
Fertilization (IVF) market owing to high demand for nutritive media, as this
media supports cell growth. They are made up of a
basic salt solution and other substances like carbohydrates (pyruvate, lactate,
and glucose) and amino acids, which collectively serve as the main energy
sources for the growing embryo. Further other segments such as ICSI Machine,
IVF Incubators, Cryo-System, and others are expected to support the growth of
Vietnam In-Vitro Fertilization (IVF) market.
Based
on egg donor, the Vietnam In-Vitro Fertilization (IVF) market is divided into
Frozen Non-Donor, Fresh Non-Donor, Frozen Donor, and Fresh Donor. The frozen
non-donor segment leads the Vietnam In-Vitro Fertilization (IVF) market with an
overall market share of 38.76% in 2022 as it has high success rates.
Additionally, it is easier to handle frozen eggs than the fresh ones. The
frozen eggs can be implanted as per the convenience of the patient.
Additionally, there are no ethical concerns associated with the use of frozen
non-donor eggs.
Based
on Infertility, the Vietnam In-Vitro Fertilization (IVF) market is divided into
Female and Male. The female segment dominated the Vietnam In-Vitro
Fertilization (IVF) market with the highest revenue share and CAGR during the
forecast period. The factors responsible for the growth of the segment are the
high prevalence of poly-cystic ovarian syndrome (PCOS), high levels of thyroid
hormone, and ovarian cancer amongst others.
Also, delayed marriages and age-related factors are expected to boost
the growth of the Vietnam In-Vitro Fertilization (IVF) market.
Based
on embryo, the Vietnam In-Vitro Fertilization (IVF) market is bifurcated into a
Frozen-Thawed Embryo and Fresh Embryo. The frozen-thawed embryo is projected to
hold the largest market share during the forecast period as these embryos can
be used immediately and hence, the waiting time with respect to cycle completion
of the embryo is not required. Furthermore, the usage of frozen-thawed embryo
reduces the incidence of low birth weight, preterm birth, placenta previa, and
placental abruption. It is also comparatively less expensive than the fresh
embryo and is safer to use in women with high progesterone at the trigger and
poly-cystic ovarian syndrome (PCOS).
Based on application, the
Vietnam In-Vitro Fertilization (IVF) market can be categorized into Fertility
Clinics, Hospitals, and others. The fertility clinics are anticipated to
dominate the Vietnam In-Vitro Fertilization (IVF) market with a largest share.
This is because fertility clinics are the first preference for patients for
availing different kinds of fertility treatments. Additionally, the overall focus
on treatment and improvising patient experience is higher as compared to
hospitals in the fertility clinics. Besides, growing number of fertility
clinics in the country further supports the market growth.
Based
on end user, the Vietnam In-Vitro
Fertilization (IVF) market is categorized into Locals, Expats and Medical
Tourists. The locals dominated the Vietnam In-Vitro Fertilization (IVF) market
due to higher infertility rates which is majorly due to polluted and toxic
environment as well as the habits of consuming alcohol and drugs amongst the
couples of Vietnam. Furthermore, the low-cost of procedures, the presence of
skilled professionals and demand for artificial insemination is anticipated to
boost from the medical tourism sector thereby driving the growth of the Vietnam
In-Vitro Fertilization (IVF) market.
Major
companies operating in Israel hydroponics market are:
- Hong Ngoc IVF
Center
- Vinmec Central Park International
Hospital
- Hoan My Thu Duc International General
Hospital
- Saigon International Obstetrics and
Gynecology Hospital
- Hanh Phuc International Hospital
- Van Hanh General
Hospital
- Vietnam Belgium Andrology and Fertility
Hospital
- Hai Phong International Hospital for
Obstetrics and Children
- An Sinh
hospitals
- IVF Van Hanh
- Phuong Chau International Hospital
Download Free Sample Report
Customers can also request for 10% free customization on
this report.
“Vietnam In-Vitro Fertilization Market is expected to
witness a significant growth in the upcoming years due to technological
advancements happening in the field of In-vitro fertilization procedures. Advances
in Frozen Embryo Transfer, In-Vitro Fertilization in Dairy Cow Breeding, Laser
Assisted Hatching (LAH), Artificial Intelligence (AI) in In-Vitro Fertilization,
among others is expected to create lucrative opportunities for the growth of In
vitro fertilization market in the country.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Vietnam
In-Vitro Fertilization Market By Technique (ICSI IVF v/s Non-ICSI/ Traditional
IVF), By Product (IVF Culture Media, ICSI Machine, IVF Incubators, Cryo-system,
Others), By Egg Donor (Frozen Non-donor, Fresh Non-donor, Frozen Donor, Fresh
Donor), By Infertility (Male v/s Female), By Embryo (Fresh Embryo v/s
Frozen-thawed Embryo), By Application (Fertility Clinics, Hospitals, Others),
By End User (Locals, Medical Tourists, Expats), By Region, Competition,
Forecast & Opportunities, 2028”, has evaluated the future growth
potential of Vietnam In-Vitro
Fertilization and provides statistics & information on market size, structure,
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Vietnam In-Vitro
Fertilization market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com