Here, you will find the latest and well-researched IVF industry predictions expected to see in 2021 and beyond.

Let’s take a look:

#IVF Market Size to Reach $37.7 Billion By 2027

According to a report released by Grand View Research, the international in-vitro fertilization market will reach USD 37.7 billion by 2027. The industry is largely driven by growing infertility due to lifestyle changes, continuous industry efforts, and the government’s better reimbursement policies. In addition, genomic testing helps prevent the transfer of genetic diseases during IVF, making it a preferred choice among would-be parents. Increasing IVF solutions or treatments lead to more insurance players covering the procedure.

# More Investors Pouring Money into Fertility Sector

Today, the fertility sector is not just about older women who are trying to conceive a baby for decades. It is also about convincing younger women to start thinking about their fertility. It is about making women in their 20s to pay for fertility tests and services, such as egg freezing to avoid future problems.

In 2017, PitchBook revealed over $178 million into fertility startups developing various fertility products.

Foreseeing a profitable market, many private equity firms are investing their capital into building fertility clinics. Some of these investors spend on advertising IVF solutions to address younger women who are not trying to get pregnant.

Moreover, to make the clinical task easier, IVF software like Medicasoft provides the easiest, secure, and fully customizable solutions with its robust IT design. IVF professionals are benefited from the user-friendly interface as they can now carry their professional daily tasks in a more streamlined manner. From storing patient’s general identification details, to diagnostics listings, customizable reports, tests and procedures performed in IVF, the IVF software can become a central information facility with just a few clicks.

# People might delay IVF Solutions due to Pandemic

The American Society for Reproductive Medicine recommends women undergoing IVF solutions or any other fertility treatments to postpone it due to novel coronavirus.

Women who are already in the middle of the IVF treatment can continue with it. Similarly, those who are in the middle of treatments like egg freezing can also continue with the same. Though many couples are seeing these guidelines as controversial, many are supporting these recommendations of the authority for the sake of wellness of their would-be baby.

Many fertility clinics are also following these guidelines and helping their clients understand the exact motive behind them. 

Medicasoft PACS was developed for one purpose, to make these task very easy and at lighting speed without having to invest in powerful computers, or installing and maintaining software liscences.

In this post, we are going to share well-researched market trends related to PACS software.

#1 Hospital sector may hold the largest market share in the specialty PACS market.

The hospital industry retains a dominant share of the PACS software market. This is especially due to the increased patient population and the hospitals providing full patient care services. Many key factors drive the market's growth. These include hospitals' specialization of:

• Diagnosis, prevention, and care of different modalities
• Growing awareness about the benefits of early detection of disease
• Advanced imaging techniques
• The growing digitization of patient information
• Rapidly increasingly adoption of the EMR technology 

#2 PACS and RIS: The Game-Changer A few years ago, PACS became a very common practice in radiology. 

For managing schedules, bills, and patient information, healthcare professionals would use a separate radiology information system (RIS).

Today, PACS vendors have started creating separate RIS products because these two programs best complement each other. When PACS and RIS systems work together, hospitals' radiology departments function better because they can store, transfer, and retrieve images securely.

The department can also store patient records in an orderly manner using the software program, and they can better visualize images. In addition, the cloud-based PACS/RIS system makes it easy to retrieve and see images and reports using the software.

#3 North America Dominates the PACS Market

North America is forecasted to maintain its supremacy when it comes to the global specialty PACS market. This is mainly because of many different factors, including the rising geriatric population and growing patient pool, etc. 

According to the United States Census Bureau 2017 Population Projections, it is estimated that by 2035, 78.0 million people may be over the age of 65 years, rather than 76.7 million people who are under 18 years of age in the U.S.A. 

In addition, other factors such as the growing existence of chronic diseases, technological advancement in imaging modalities, and early disease detection benefits have been driving the PACS market growth. All of these factors help to ensure the dominance of the region.

#4 A Highly Competitive Landscape

The cloud-based PACS industry is highly competitive, with several leading major players. When it comes to the market share, some major players in the sector dominate the market.

Some prominent players in the market are making significant acquisitions, collaborations, and launching new products with other companies to consolidate their market positions worldwide. Some of these major players in the market are Siemens AG, IBM Corporation, Medicasoft, Carestream Health, and Philips Healthcare.

Conclusion 

These market trends point towards the importance of using PACS software solutions in healthcare facilities. 

Medicasoft’s PACS solution can be an ideal pick for you. Using this tool, medical practitioners can capture, store, distribute, and display medical images for reviews. Medicasoft prioritizes the security of patient records. The software follows the highest industry standards to facilitate secure networking over the cloud when transmitting, storing, and retrieving patient information. 

Due to its cost effectiveness, ease of use, blazing speed of storing and retrieving studies, Medicasoft has been the number one choice for privately owned clinics and health care provider.