In vitro fertilization (IVF) market size reaches $1036.7

NEW YORK, United States, Sept. 17, 2022 (GLOBE NEWSWIRE) — Facts and Factors has released a new research report titled In vitro fertilization (IVF) market by type (conventional IVF, IVF with ICSI, IVF with Donarei, others), by cycle (fresh IVF cycles without donor, frozen IVF cycles without donor, frozen IVF cycles without donor donors, fresh donors IVF cycle), by product (devices, sperm analysis systems, imaging systems, ovum aspiration pumps, micromanipulator systems, incubators, gas analyzers, laser systems, cryosystems, sperm separators, IVF cabinets, anti-vibration tables, witness systems, other devices, reagents and media, media for cryopreservation, media for embryo culture, media for oocyte processing, media for sperm processing, accessories), by end-user (fertility clinics, hospitals and surgical centers, cryobanks, research institutes) and by region – global and regional industry overview, market intelligence, comprehensive analysis , historical data and forecasts 2022–2028” in its research database.

The globe In vitro fertilization (IVF) market. was worth approximately $628.50 million in 2021 and is projected to grow to approximately $1,036.7 million by 2028 at a compound annual growth rate (CAGR) of approximately 8.7% over the forecast period.”

The report analyzes the drivers, restraints/challenges of the In Vitro Fertilization (IVF) market and the impact they are having on the demand during the projection period. Additionally, the report examines emerging trends and opportunities in the In Vitro Fertilization (IVF) market.

IVF Industry Summary:

In vitro fertilization (IVF) enables the use of reproductive technology in real life, helping couples to conceive children with complications naturally. The increasing sedentary lifestyle and bad habits have led to an increase in impotence and other fertility problems around the world, thereby fueling the demand for in vitro fertilization (IVF), which is advanced fertility clinics that are capable to treat reproductive problems.

Increasing popularity of in vitro fertilization (IVF), increasing availability of in vitro fertilization (IVF) procedures, and increasing healthcare spending are expected to be prominent trends driving the growth of in vitro fertilization (IVF) market in global Forecast period will advance. However, the high costs associated with these procedures are holding back the growth of the in vitro fertilization (IVF) market.

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growth driver of the industry

Growth in the mean age of primiparous women

The increasing development of the human population has pushed the average age of primiparae to a considerably high number, as more women prefer late marriages and, contrary to previous trends, choose careers over family planning. The effective use of contraceptives has also played a crucial role in shaping the mean age of primiparous women and this is expected to significantly drive the growth of the In Vitro Fertilization (IVF) market during the forecast period.

limitations

High cost of in vitro fertilization (IVF) procedures

In vitro fertilization (IVF) procedures are known to be costly around the world and this is the main factor that will hamper the in vitro fertilization (IVF) market potential during the forecast period. The lack of insurance coverage exacerbates this situation in countries where healthcare is expensive, and irregularities in the reimbursement of these procedures also hamper the growth of the overall in vitro fertilization (IVF) market.

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Segmental insights

The global in vitro fertilization (IVF) market is segmented by type, cycle, product, end-use and region.

The in vitro fertilization (IVF) market is segmented by end-user into fertility clinics, hospitals and surgical centers, cryobanks, and research institutes. The fertility clinics segment will have good forecast prospects as governments around the world focus on establishing these clinics to ensure public health and fertility awareness and boost birth rate.

The global in vitro fertilization (IVF) market is segmented as follows:

By type

  • Conventional IVF
  • IVF with ICSI
  • IVF with Donar Egg
  • Other

After cycle

  • Fresh donor-less IVF cycles
  • Frozen donorless IVF cycles
  • Frozen Donor IVF Cycles
  • Fresh donor IVF cycle

By product

  • gear
  • sperm analysis systems
  • imaging systems
  • Ovum Aspiration Pumps
  • micromanipulator systems
  • incubators
  • gas analyzers
  • laser systems
  • cryogenic systems
  • Sperm Separation Devices
  • IVF cabinets
  • anti-vibration tables
  • witness systems
  • other equipment
  • Reagents & Media
  • cryopreservation media
  • Embryo Culture Media
  • Ovum Processing Media
  • sperm processing media
  • Accesories

By end users

  • fertility clinics
  • Hospitals and Surgical Centers
  • cryobanks
  • research institutes

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competitive landscape

Some of the major competitors dominating the global in vitro fertilization (IVF) market are –

The Cooper Companies Inc. (USA), Cook Group (USA), Vitrolife (Sweden), Thermo Fisher Scientific, Inc. (USA), Esco Micro Pte. ltd (Singapore), Genea Limited (Australia), IVFtech ApS (Denmark), FUJIFILM Irvine Scientific (USA), The Baker Company, Inc. (USA), Kitazato Corporation (Japan), Rocket Medical plc (UK), Hamilton Thorne Ltd. (USA), ZEISS Group (Germany), FERTIPRO NV (Belgium) and Gynotec BV (Netherlands).

Key findings from primary research:

  • According to the analysis, the In Vitro Fertilization (IVF) market is expected to grow at a CAGR of around 8.7% over the period 2022-2028.
  • In terms of revenue, the In Vitro Fertilization (IVF) market size was estimated at around US$628.50 million in 2021 and is expected to reach US$1,036.7 million by 2028.
  • Favorable prospects are expected for the fertility clinics segment in the planned period.
  • The fresh non-donor segment is expected to account for a large market share and is projected to be a dominant segment during the forecast period.
  • In the Asia-Pacific region, the in vitro fertilization (IVF) market is expected to experience dominant prospects over the projected period.

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Regional Insights

The Asia Pacific region is expected to be the most lucrative market for the in vitro fertilization (IVF) industry and this trend is expected to be driven by several factors. Increasing availability and popularity of in vitro fertilization (IVF) procedures and increasing preference of couples for such procedures will be the key trends impelling the growth of in vitro fertilization (IVF) market in this region during the forecast period . India and China are expected to lead the growth curve in this region by 2028. Increasing medical tourism, increasing number of in vitro fertilization (IVF) centers, increasing focus on fertility, increasing adoption of reproductive technology, and rising healthcare spending are other key trends expected to drive the growth of in vitro fertilization (IVF) market over the forecast period will affect.

By region

  • North America
    • US
    • Canada
    • Rest of North America
  • Europe
    • France
    • United Kingdom
    • Spain
    • Germany
    • Italy
    • rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Recent Developments

In 2021 – CooperSurgical and Virtus Health announced the launch of a new partnership aimed at strengthening their fertility technology and increasing access to infertile couples around the world.

report scope

report attribute details
Market size (2021) $628.50 million
Future market size (2028) $1,036.7 million
CAGR Growth Rate (%) 8.7% CAGR
base year 2021
forecast period 2022-2028
Prominent Vendors The Cooper Companies Inc. (USA), Cook Group (USA), Vitrolife (Sweden), Thermo Fisher Scientific, Inc. (USA), Esco Micro Pte. ltd (Singapore), Genea Limited (Australia), IVFtechApS (Denmark), FUJIFILM Irvine Scientific (USA), The Baker Company, Inc. (USA), Kitazato Corporation (Japan), Rocket Medical plc (UK), Hamilton Thorne Ltd (USA ), ZEISS Group (Germany), FERTIPRO NV (Belgium) and Gynotec BV (Netherlands), among others
main segment By type, cycle, product, end user and region
key regions North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa

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