Increasing cases of male and female infertility is expected to drive the growth of Turkey In-vitro Fertilization Market in the forecast period.
According to TechSci Research report, “Turkey In-vitro Fertilization Market –Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, the Turkey In-vitro Fertilization Market is anticipated to grow at a steady rate in the forecast period, 2024-2028. This can be ascribed to the growing demand for In-vitro fertilization treatment across the country on account of growing infertility among the population. In-vitro fertilization (IVF) has become one of the most opted forms of assisted reproductive technology for infertility treatment and gestational surrogacy.
Rapid surge in IVF clinics and hospitals will also increase the access to fertility treatments in Turkey, thereby supporting the market growth. Additionally, there are numerous benefits of availing in-vitro fertilization treatment in Turkey such as availability of world class facilities, skilled professionals, lesser waiting time, and affordable treatment costs. The average price for availing in-vitro fertilization treatment is around USD3700 in Turkey. The price ranges as low as USD2100 and high as USD8000. This in turn has attracted not only locals in the country but also is attracting expats and medical tourists who travel to Turkey for availing in-vitro fertilization treatments.
However, the laws related to availing in-vitro fertilization treatments are quite stringent in Turkey. The law is quite strict in terms of who is being authorized to receive therapy and which treatments are approved, especially when compared to several other European nations. Only married couples utilizing their own sperm and eggs are eligible for In-Vitro Fertilization treatment in Turkey. Treatment of lesbian couples and lone women is strictly prohibited. Although there is no set legal age limit for treatment, only a woman's own eggs may be utilized because donor eggs and embryos are not currently available. As a result, several clinics won't serve patients who are older than 46.
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Turkey In-vitro Fertilization Market can be segmented by technique, by reagent, by instruments, by infertility, by embryo, by application, by end user and by region.
Based on by technique, the Turkey In-vitro Fertilization Market can be segmented into ICSI IVF and Non-ICSI/Traditional IVF. ICSI segment registers the highest growth rate because of its success rate of fertilization. In this technique, a single sperm is injected in female body using an instrument micromanipulator. This technique is majorly used when the male partner is infertile.
Turkey in-vitro fertilization market can be fragmented into three segments based on application, fertility clinics, hospitals, and others. The segment of applications with the highest share is fertility clinics. The number of fertility clinics has expanded because of new diagnostic technologies and less expensive procedures being offered by burgeoning startups in the market. Besides, increasing medical tourism in the country has led to the establishment of various new IVF clinics offering exceptional facilities and services.
Based on end user, the Turkey In-vitro Fertilization Market can be further segmented into Locals, Expats, Medical Tourists. Locals segment registers the highest growth followed by the segment of medical tourists as the fertility tourism is on rise in Turkey.
Major companies operating in Turkey In-vitro Fertilization Market are:
- Medical Park Group
- Medipol University Hospital
- Hisar Hospital Intercontinental
- Liv Hospital
- Antolia IVF and Women’s Health Centre
- Acibadem Hospitals Group
- Florence Nightingale Hospital
- American Hospital
- Memorial Hospitals Group
- Medicana International
- Koc University Hospital
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“Turkey In-Vitro Fertilization Market is expected to register robust growth during the forecast period because of widespread adoption of assisted reproductive technology (ART). Besides, flourishing medical tourism industry in the country is further expected to create lucrative opportunities for the market growth. Istanbul is one of the prominent places for availing In-Vitro fertilization treatment due to availability of a large number of IVF clinics and hospitals. Also, it has a lot of JCI accredited hospitals which provide fertility tourism services.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Turkey In-vitro Fertilization Market By Technique (ICSI IVF v/s Non-ICSI/Traditional IVF), By Reagent (Embryo Culture Media, Cryopreservation Media, Sperm Processing Media, Ovum Processing Media), By Instruments (Imaging Systems, Sperm Separation Systems, Ovum Aspiration Pumps, Incubators, Micromanipulator Systems, Cryo-systems, Others), By Infertility (Female v/s Male), By Embryo (Frozen-Thawed Embryo v/s Fresh Embryo), By Application (Fertility Clinics, Hospitals, Others), By End User (Locals, Expats, Medical Tourists), By Region, Competition, Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Turkey 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 Turkey In-vitro Fertilization Market.
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