Increasing instances of infertility is driving the growth of the Vietnam In vitro fertilization (IVF) Market, in the forecast period, 2023-2027F.
According to TechSci report on, “Vietnam In Vitro Fertilization (IVF) Market – By Region, Competition Forecast & Opportunities, 2027”, Vietnam in vitro fertilization (IVF) market is anticipated to grow with an impressive CAGR in the forecast period, 2023-2027 on the account of increasing demand for artificial pregnancies. Surging instances of infertility among the country’s population is also driving the growth of the Vietnam in vitro fertilization (IVF) market in the upcoming five years.
Increasing number of foreigners seeking in vitro fertilization treatment in the country due to higher success rates, and legality of the procedure, is further supporting the growth of the Vietnam in vitro fertilization (IVF) market in the next five years. Increasing instances of infertility in males due to lower sperm cunt, lower motility of the sperms, and surging cases of testicular cancer is also driving the population to opt for in vitro fertilization treatment, thereby substantiating the growth of the Vietnam in vitro fertilization (IVF) market in the future five years.
Government support through favorable schemes like ‘Uom mam hanh phuc’ (Sowing Happiness) and financial investments in the industry is also aiding the growth of the Vietnam in vitro fertilization (IVF) market in the forecast years, until 2027. Moreover, increasing donations and financial support from the private sources like hospital employees, philanthropists, market players, etc. also aid the growth of the Vietnam in vitro fertilization (IVF) market in the forecast period.
Healthcare industry in Vietnam is growing with such higher investments and increased government favors to the industry. IVF treatment in the country is also benefitted through increased medical tourism and thus helps in growing the healthcare industry in the country too.
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on “Vietnam In vitro fertilization Market”
The Vietnam in vitro fertilization (IVF) market is segmented by technique, product, donor, infertility, embryo, end user, competitional landscape, and regional distribution. Based on technique, the market is further segmented into ICSI IVF and Non-ICSI/ Traditional IVF. ICSI IVF technique is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on account of higher success rate of the procedure.
Moreover, male patient suffering from issues like low sperm count, and lower sperm motility rates may benefit from the ICSI procedure over traditional IVF treatments. Intra cytoplasmic sperm injection (ICSI), is a process of injecting sperm inside the ovum for fertilization all in an artificial environment. In traditional process, about 50,000 counts of sperms are in presence of the ovum. The cases where sperms from a patient do not have higher viability opt for ICSI process. The method ensures fertilization process and is thus preferred over traditional process.
By product market segment, the market is differentiated into IVF culture media, ICSI machine, IVF incubators, cryo-system, and others. IVF culture media is a complex solution of cell growth culture that provides perfect ratio of nutrient and chemical composition for the fusion of sperm and ovum and facilitates fertilization. ICSI machine is the injector or micropipette that is utilized to inject the sperm cell directly in the ovum cell for the fertilization.
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IVF incubators as the name depict are the incubators that provide optimum temperature and sterile environment for the in vitro fertilization process to carry on and allows fertilization. Cryo-systems are the cold storage systems that allows the storage of the procured cells from the patient or healthy individual for the process if in vitro fertilization. They can be a cold room, cold storage, blast freezer, refrigeration unit, condensing unit, evaporator, condenser, freezer & fridge.
A partial list of major market players of the Vietnam in vitro fertilization market includes:
· Hong Ngoc IVF Center
· Central Obstetrics Hospital
· An Sinh hospitals
· Hai Pong International Hospital
· Saigon Hospital
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“Fertility clinics are anticipated to hold the largest revenue shares of the market. Increasing demand for the in vitro fertilization techniques along with the rising instances of infertility among the population of the country in driving the market growth. Higher investment in the healthcare infrastructure, rising demand for specialty clinics for fertility issues, and rising demands for artificial insemination are major factors that are driving the growth of the Vietnam in vitro fertilization (IVF) market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Vietnam In Vitro Fertilization (IVF) Market By Technique (ICSI IVF v/s Non-ICSI/ Traditional IVF), By Product (IVF Culture Media, ICSI Machine, IVF Incubators, Cryo-system, Others), By Donor (Fresh Non-donor, Frozen Non-donor, Fresh Donor, Frozen Donor), By Infertility (Male v/s Female), By Embryo (Fresh Embryo v/s Frozen-thawed Embryo), By End User (Fertility Clinics, Hospitals, Others), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of Vietnam in vitro fertilization market 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.
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