Press Release

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.

 

Browse over XX market data Figures and spread through XX Pages and an in-depth TOC on " Saudi Arabia In-Vitro Fertilization (IVF) Market.”

 

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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