Saudi Arabia In-Vitro Fertilization (IVF) Market to grow with a CAGR of 7.86%
Increasing
healthcare infrastructure and a supportive regulatory environment are the major
drivers for the Saudi Arabia In-Vitro Fertilization (IVF) Market.
According
to TechSci Research report, “Saudi Arabia In-Vitro Fertilization (IVF)
Market Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, Saudi Arabia In-Vitro
Fertilization (IVF) Market has valued at USD 378.60 million in 2022 and is
anticipated to witness an impressive growth in the forecast period with a CAGR
of 7.86% through 2028. This can be due
to collaborations and partnerships among leading companies with a diverse
approach to merge the expertise of individual companies and to strengthen their
position in the market. Delay in parenthood is a significant driver of the
demand for In-Vitro Fertilization (IVF) and other assisted reproductive
technologies. Delaying parenthood often leads to advanced maternal age, which
is associated with a decline in female fertility. As women age, their chances
of conceiving naturally decrease, making IVF a valuable option for achieving
pregnancy. Many individuals and couples delay starting a family to pursue
educational and career goals. Once they reach a stage where they are ready for
parenthood, they may require fertility assistance due to age-related fertility
decline. Delaying parenthood until financial stability is achieved is a common
practice. This often means that individuals and couples are more financially
prepared to invest in fertility treatments like IVF. Finding the right life
partner or waiting until both partners are ready for parenthood can lead to
delayed family planning. IVF may be required when couples are ready to start a
family later in life. Evolving societal norms and greater acceptance of delayed
parenthood due to personal or professional reasons have led to a shift in
family planning timelines. Delayed parenthood has coincided with increased
awareness of and access to family-building options like IVF, egg freezing, and
sperm banking. These options provide individuals and couples with greater
control over their family planning. Delayed motherhood often involves the use
of oocyte cryopreservation (egg freezing). IVF may be used later to fertilize
and implant these preserved eggs, enabling pregnancy at a more advanced age.
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In March 2021, Almana Hospitals has unveiled a
state-of-the-art laboratory equipped with the latest medical technologies
designed to expedite test results and analyses. Moreover, this advanced
facility enhances the precision of diagnoses, facilitating more accurate
treatment plans. The AGH laboratory stands as the largest and most cutting-edge
establishment of its kind in the region. Medical laboratories serve a critical
function in assisting healthcare professionals in determining accurate
diagnoses and subsequently prescribing the most appropriate treatments for
patients. This significantly contributes to patients' well-being and recovery.
Medical laboratories are indispensable in the realm of patient care, disease
diagnosis, and the preservation of public health. Data
privacy and security are challenges in the Saudi Arabia In-Vitro Fertilization
(IVF) market, as they are in healthcare industries around the world. These
challenges are significant due to the sensitive and personal nature of IVF data
and the need to protect patient information. IVF clinics and medical facilities
handle highly sensitive patient information, including medical histories,
genetic data, and personal details. Ensuring the confidentiality of this
information is critical, and breaches can have severe consequences. The shift
to digital health records and electronic medical records (EMRs) introduces the
need for robust cybersecurity measures to protect patient data from
unauthorized access or cyberattacks. The absence of a standardized framework
for data privacy and security across IVF clinics and healthcare facilities can
lead to inconsistencies in how patient data is protected. Meeting data privacy
and security regulations, such as the Saudi Arabian Data Protection Law (SDPL),
is a challenge for healthcare providers. Compliance with these laws is vital to
safeguard patient information.
Saudi Arabia In-Vitro Fertilization (IVF) Market is
segmented based on Technique, Reagent, Instrument, Infertility, Embryo,
Application, End-User, and by region.
Based on the Reagent, Saudi Arabia In-Vitro
Fertilization (IVF) Market is segmented into Embryo Culture Media,
Cryopreservation Media, Sperm Processing Media, Ovum Processing Media. Ovum processing media, also known as oocyte
processing media or egg processing media, are specialized solutions or culture
media used in the field of assisted reproduction, particularly during in-vitro
fertilization (IVF) and other assisted reproductive technologies. These media
are designed to provide the optimal environment for the handling and
preparation of human oocytes (eggs) at various stages of the IVF process. The
primary functions of ovum processing media are to support the health and
development of oocytes, facilitate fertilization, and promote the formation of
healthy embryos. Ovum
processing media are used during the egg retrieval (oocyte aspiration)
procedure. They are employed to wash, hydrate, and protect the oocytes as they
are collected from the woman's ovaries. These media are designed to maintain
the viability of the eggs and prevent damage during retrieval. Ovum processing media are subject to strict
quality control standards to ensure that they are free from contaminants and
are of consistent quality. This is crucial for maintaining the integrity of the
IVF process
Based on Region, Northern Central
region held the largest share in the Saudi
Arabia In-Vitro Fertilization (IVF) Market. Cultural and societal
factors can influence the demand for IVF. In some cases, urban areas in the
Northern and Central regions may have more liberal attitudes toward family
planning and assisted reproductive technologies. Major cities in the Northern
and Central regions, such as Riyadh and Jeddah, often attract medical tourists
seeking IVF services, further driving the demand for these treatments in these
areas. The government may invest more in healthcare infrastructure and
fertility services in these regions, leading to increased availability and
accessibility of IVF treatments. These regions may be hubs for medical research
and innovation, which can lead to the adoption of the latest technologies and
treatment methods in IVF clinics.
Some of the major companies
operating in the Saudi Arabia In-Vitro
Fertilization (IVF) Market include:
- 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 IVF Unit
- Thuriah
Medical Center
- Bnoon
Medical Center
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“Certain areas, particularly in North
America, are projected to exert significant demand for In-Vitro Fertilization
(IVF). The growth in the competitive landscape and the presence of
well-established companies in the market, committed to enhance the overall
wellbeing of people each year, are expected to contribute to a remarkable
growth of the Saudi Arabia In-Vitro Fertilization (IVF) Market in the forecast
period," said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based Global management consulting firm.
Saudi Arabia In-Vitro Fertilization
(IVF) Market by Technique (ICS| IVF, Non-ICSI/Traditional IVF), By Reagent
(Embryo Culture Media, Cryopreservation Media, Sperm Processing Media, Ovum
Processing Media), By Instrument (Imaging Systems, Incubators, Cryo-systems,
Sperm Separation Systems, Ovum Aspiration Pumps, Micromanipulator Systems,
Others), By Infertility (Female v/s Male), By Embryo (Frozen-Thawed Embryo,
Fresh Embryo), By Application (Fertility Clinics, Hospitals, Others), By
End-User (Locals, Expats, Medical Tourists), By Region, By Competition
Forecast & Opportunities, 2018-2028F has evaluated the future growth
potential of Saudi Arabia In-Vitro Fertilization (IVF) Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide innovative 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 Saudi Arabia In-Vitro Fertilization (IVF)
Market.
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