UAE IVF DRUGS AND FOOD SUPPLEMENTS MARKET ANALYSIS

Uae Ivf Drugs And Food Supplements MarketSize and Trends

The UAE IVF drugs and food supplements market is estimated to be valued at US$ 20.4 million in 2022, and is expected to exhibit a CAGR of 6.6% during the forecast period (2022-2030).

Figure 1. UAE IVF Drugs and Food Supplements Market Share in Terms of Value (US$ Mn), By Product Type, 2021

Favourable initiatives by regulatory authorities for IVF in the country are likely to propel the market growth over the forecast period.

Government initiative for IVF treatment development is expected to drive the UAE IVF drugs and food supplements market over the forecast period in the country. For instance, on October 19, 2019, the President of the United Arab Emirates (UAE), announced the new IVF law. The new IVF law officially came into force from January 1, 2020, repealing the old IVF law. The executive regulations which sit alongside the new IVF law were published in the Official Federal Gazette which includes the laws such as fertility centers are now permitted to freeze human embryos for a period of five years (extendable upon request). Under the new IVF law, subject to compliance with certain controls and procedures, samples of frozen unfertilized or fertilized eggs or sperm may be taken abroad, if prepared in the UAE, or brought into the UAE, if prepared abroad. The new IVF law makes provision for the establishment of a national advisory committee that submits recommendations and proposals in relation to medically assisted reproduction and coordinates between the relevant regulatory authorities in the UAE.