In Vitro Fertilization Market Size, Share & Trends Analysis Report By Instrument, By Procedure Type, By End Use, By Region And Segment Forecasts From 2022 To 2030

Report ID: MN17620366  |  Published: November 2022  |  No of Pages: 120
Format: Electronic (PDF)  |  Industry: Medical Devices

The global in vitro fertilization market is projected to register a CAGR of 5.9% from 2022 to 2030 and reach USD 37.4 billion by 2030. Escalation in the number of infertility cases of males and females, especially due to lifestyle changes, and the growing reprotourism are the major factors driving the market growth. The government-initiated reimbursement policies and constant efforts by the market players for better outcomes have also positively impacted the market growth.

The rising trend for delayed pregnancies and freezing eggs among the female population caused by huge focus on careers is driving the in vitro fertilization market growth. With the technological advancements in IVF, its popularity is expanding significantly among the global population, especially in the U.S. Although, the sub-markets of in vitro fertilization witnessed limited growth during the COVID-19 worldwide lockdown resulting in cancellations of several IVF treatments, the recent surge in disposable income in developing economies has been acting as a contributing factor for IVF market growth.

IVF is widely used among couples facing fertility problems and difficulties. However, the ethical concerns alongside restrictive regulations and involved risk factors are disadvantageous to the in vitro fertilization market growth. Another major drawback is the sensitivity of the people attached to infertility, particularly those from developing countries. The majority of the population in these places are hesitant to discuss about opting for or undergoing IVF treatments publicly.

Advanced IVF technology helps prevent the transfer of genetic disorders through genomic testing facilities during in vitro fertilization, which is expected to further promote market growth. Owing to market developments, insurance companies have started providing coverage for IVF procedures. This has led to moderate treatment costs and competitive pricing for the market to indulge in more standardization and treatment automation.

In the Asia Pacific region, several developing countries are adopting legal reforms that encourage IVF treatment adoption. For example, the Government of India, in February 2020 sanctioned a regulation bill for clinics that offers reproduction assistance services like surrogacy, IVF treatment, and artificial insemination. North America is also projected to witness rising demand for in vitro fertilization treatment during the forecasted year. Factors like standardization through automation, regulatory reforms, initiatives and funding from the governments, and expansion of IVF treatments by the major industry players are expected to further enhance the market growth.

In Vitro Fertilization Market Report Key Takeaways

  • In 2021, market was dominated by Europe for procedures and instruments. It is majorly dominated by the availability of affordable and moderate-cost treatment, the adoption of enhanced technologies by the clinics like time-lapse microscopy, and the observation of strict medical policies and standards
  • The cultural media segment extracted the highest revenue in the market in 2021. A wide range of research activities have also been initiated to improve the cultural media efficiency
  • Owing to fertility tourism, the IVF market is expected to witness high growth in the Asia Pacific. The availability of funding for IVF treatment is an additional factor for its adoption. Couples in Japan are eligible to apply for co-funding for three cycles with USD 1,920 for each cycle
  • Vitrolife, at the American Society for Reproductive Medicine (ASRM) introduced its research activities on the SpermFreeze solution that is effective for the recovery of sperm and sperm-hyaluronic acid-binding
  • In July 2019, Prime Tech and Vitrolife collaborated to design and market the Piezo technique that leads to better Intracytoplasmic Sperm Injection (ICSI) procedures in human IVF globally


In Vitro Fertilization Market Segments

  • In Vitro Fertilization Instrument Outlook (Revenue, USD Million, 2017 - 2030)
    • Disposable Devices
    • Culture Media
    • Capital Equipment
  • In Vitro Fertilization Procedure Type Outlook (Revenue, USD Million, 2017 - 2030)
    • Fresh Donor
    • Frozen Donor
    • Fresh Non-donor
    • Frozen Non-donor
  • In Vitro Fertilization End-use Outlook (Revenue, USD Million, 2017 - 2030)
    • Fertility Clinics
    • Hospitals & Other Setting
  • In Vitro Fertilization Regional Outlook (Revenue, USD Million, 2017 - 2030)
    • North America
      • U.S.
      • Canada
    • Europe
      • France
      • Germany
      • Italy
      • Spain
      • U.K.
      • Belgium
      • Netherlands
      • Switzerland
    • Asia Pacific
      • Japan
      • China
      • India
      • Australia
      • South Korea
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • Middle East & Africa (MEA)
      • South Africa
      • Saudi Arabia
      • UAE
  • List of Key Players of In Vitro Fertilization Market
    • OvaScience
    • EMD Serono Inc.
    • Vitrolife AB
    • Irvine Scientific
    • Cook Medical Inc.
    • Cooper Surgical Inc.
    • GeneaBiomedx
    • Thermo Fisher Scientific Inc.
    • Progyny, Inc.
    • Boston IVF
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