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Why is Transdermal Drug Delivery Systems Market Booming?

• Posted by Pramod Kumar May 17, 2022 Filed in Health #Transdermal Drug Delivery Systems Market  #Transdermal Drug Delivery Systems Market Size  #Transdermal Drug Delivery Systems Market Research Report  #Transdermal Drug Delivery Systems Industry  7 views
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  “The average age of first-time mothers in America is now up from 21 to 26, while for fathers, it’s increased from 27 to 31.”, says a 2020 article published in Forbes. Similarly, in 2021, the Organisation for Economic Co-operation and Development (OECD) has calculated the average maternal age in most of its member countries at 30 years or more. This is driven by various factors, such as the desire for higher financial stability and a successful career among both men and women.

  As per P&S Intelligence, the growing trend of delayed pregnancy is a key factor propelling the in-vitro fertilization (IVF) devices and consumables market advance around the world. This is because as age increases, men and women lose the ability to produce healthy reproductive cells and carry the embryo inside the womb. This is why couples are going for IVF instead of conventional intercourse, as the IVF regimen is usually accompanied by a range of prenatal genetic tests.

  On the basis of technique, the IVF devices and consumables market is categorized into fresh-embryo, frozen-embryo, and donor-egg IVF, out of which fresh-embryo IVF is the largest category. This is attributed to the rising number of couples who are conceiving after the age of 30. Likewise, those who want to have kids at an even greater age, when the female body has stopped producing the ova, have their eggs and sperms frozen at a younger age, for usage later. Moreover, donor-egg IVF is used by infertile men and women and homosexual couples, whose numbers are growing in developed countries.

  The end user segment of the IVF devices and consumables market is divided into fertility clinics, surgical centers, hospitals, and clinical research institutes. Among these, fertility clinics hold the largest share because they are preferred by people. Being dedicated to IVF, these clinics are expected to offer the best treatments. Moreover, their services are cheaper than those offered at full-fledged hospitals, which leads to the highest procurement of IVF devices and consumables by fertility clinics around the world.

  Currently, the IVF rate and, resultingly, the demand for such devices and consumables is the highest in Europe. This is ascribed to the advanced healthcare infrastructure and high public awareness of IVF. Moreover, the supportive reimbursement policies for people undergoing such procedures lead to a high procurement rate of IVF devices and consumables in Europe. Further, the open mindset of most European countries has allowed homosexual couples to flourish, thereby driving the volume of IVFs.

  Hence, the demand for IVF consumables and devices will keep rising with the growing trend of delayed pregnancies and rising infertility concerns.

  This study covers

  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
  • Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders