Vietnam’s in vitro fertilisation (IVF) market, valued at US$141.40 million in 2023, is forecasted to experience significant growth, with a projected compound annual growth rate of 7.46 percent through 2029, according to a report from Research and Markets. This expansion is being driven by a combination of society and environmental factors that are increasingly pushing Vietnamese couples to have children.
The report notes that rising awareness and acceptance of IVF procedures among the population are central to this growth. As more couples become informed about the possibilities of assisted reproductive technologies, the demand for IVF services is increasing. Contributing to this trend are rising refractory rates, influenced by factors such as delayed parenthood, shifts in lifestyle, and environmental factors, all of which are becoming more prevalent in Vietnam’s rapidly modernising society. With these trends, the IVF sector in Vietnam is positioned for robust growth, addressing a critical need for reproductive health.
See also: Vietnam’s Healthcare Industry: Overview