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  • In Vitro Fertilization (IVF) Market Growth Analysis | 2022-2028

    In Vitro Fertilization (IVF) Market Growth Analysis | 2022-2028

    In Vitro Fertilization (IVF) Market Growth Analysis | 2022-2028
    Report code - SRHL335 Delivery - 2 Weeks
    In Vitro Fertilization (IVF) Market Size, Share, Trends, Forecast, and Industry Analy See more...

    Insights

    The Global In Vitro Fertilization (IVF) Market is expected to grow from USD 669.9 million in 2021 to USD 1,256.35 million by 2028 at a CAGR of over 9.29% during the forecast period of 2022-2028.

    In-Vitro-Fertilization-Market-Size

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    What is in vitro fertilization (IVF)?

    In vitro fertilization (IVF) is defined as a type of assisted reproduction in which a woman’s eggs and man’s sperm are combined outside of the body in a Petri/laboratory dish. IVF is the most widely used method for assisted reproduction due to the usage of advanced technology and favorable reimbursement policies.

    Global In Vitro Fertilization (IVF) Market Features

    Market Size in 2021

    US$ 669.9 Million

    Market Size in 2028

    US$ 1256.35 Million

    Market Growth by 2022-2028

    9.29% CAGR

    Base Year of Study

    2021

    Trend Period

    2017-2020

    Forecast Period

    2022-2028

    Dominant Region

    Europe region accounted for the largest market share of >35% in 2021.

    Segments Covered

    By Reagent (Embryo Culture Media, Cryopreservation Media, Sperm Processing Media, OVUM Processing Media)

    By Equipment (Imaging Systems, Sperm Separation Systems, Cabinets, OVUM Aspiration Pumps, Incubators, Micromanipulator Systems, Gas Analyzers, and Others)

    By Cycle (Fresh Non-Donor IVF Cycles, Frozen Non-Donor IVF Cycles, Frozen Donor IVF Cycles, Fresh Donor IVF Cycles)

    By End-User (Fertility Clinics & Surgical Centers, Hospitals & Research Laboratories, Cryobanks)

    By Region (North America, Europe, Asia-Pacific, and the Rest of the World)

    Key Players

    Key players operating in the Global IVF Market are-

    Market Drivers

    Technological advancement in the IVF-assisted reproduction method is a prominent trend noticed in the global market.

    • The growth of the global IVF market is primarily driven by declining fertility rates owing to various factors such as stress, pollution, an increase in several people smoking, and obesity.
    • Increasing awareness among people regarding infertility and the availability of various methods to treat infertility problems is likely to create lucrative opportunities for the players operating in the global IVF Market during the review period.

    In Vitro Fertilization Market Snapshot

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    Segment Analysis

    By End User

    The Fertility Clinics & Surgical Centers segment accounted for the largest market share of more than 76.0% in 2021.

    The market has been segmented into fertility clinics & surgical centers, hospitals & research laboratories, and cryobanks. The segment growth can be attributed to the increasing number of fertility clinic centers coupled with rising infertility rates globally.

    By Reagent 

    The Embryo Culture Media segment accounted for the largest market share of more than 40.0% in 2021.

    The market has been segmented into Embryo Culture Media, Cryopreservation Media, Sperm Processing Media, and OVUM Processing Media). The expansion was ascribed to factors such as increased research efforts to improve media for culture, and more accessible funding.

    By Cycle

    The Frozen Non-Donor IVF Cycles segment accounted for the largest market share of more than 45.0% in 2021.

    The market has been segmented into Fresh Non-Donor IVF Cycles, Frozen Non-Donor IVF Cycles, Frozen Donor IVF Cycles, and Fresh Donor IVF Cycles. The segment is expected to register the fastest growth over the forecast period. The high percentage can be attributed to the cost-effectiveness when compared to fresh non-donor sperm, as well as the procedure's less-invasive nature.

    By Region

    The market in Europe accounted for the largest market share of more than 35.0% in 2021 owing to increasing infertility rates; rising awareness, and continuous spending on R&D activities to develop technologically advanced solutions for health problems.

    In-Vitro-Fertilization-Market-Region

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    The market in Asia-Pacific is expected to register the fastest growth during the review period on account of the growing median age of first-time motherhood, rising infertility rates, and low treatment costs.

    Segmentation

    This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The global IVF market is segmented into the following categories. 

    By Reagent Type

    • Embryo Culture Media
    • Cryopreservation Media
    • Sperm Processing Media
    • OVUM Processing Media

    By Equipment Type

    • Imaging Systems
    • Sperm Separation Systems
    • Cabinets
    • OVUM Aspiration Pumps
    • Incubators
    • Micromanipulator Systems
    • Gas Analyzer
    • Other

    By Cycle Type

    • Fresh Non-Donor IVF Cycles
    • Frozen Non-Donor IVF Cycles
    • Frozen Donor IVF Cycles
    • Fresh Donor IVF Cycles

    By End-User Type

    • Fertility Clinics & Surgical Centers
    • Hospitals & Research Laboratories
    • Cryobank

    By Region

    • North America
    • Asia-Pacific
    • Europe
    • and the Rest of the World?

    COVID-19 Impact

    The market growth was affected when governments across geographies imposed lockdowns which resulted in travel restrictions. Also, many non-essential medical and surgical procedures including IVF were put to a halt which affected the market growth.

    Various patients agreed to cancel fertility cycles due to fear of infection which further affected the market growth. However, patients are likely to resume IVF treatment with a decline in COVID-19 cases and the availability of vaccines.

    Critical Questions Answered in the Report.

    • What are the key trends in the IVF market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the IVF market?
    • What are the key strategies adopted by the major vendors to lead in the IVF market?
    • What is the market share of the top vendors?

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    Report – Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    16

    No. of Figures & Tables

    >120

    Company Profiles

    12

     

    The following are the key features of the report:

    • Overview, industry life cycle analysis, supply chain analysis.
    • Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Trend and forecast analysis.
    • Segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
    • Attractive segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Target Audience

    The following is a list of the customers that the IVF Market aims to convert the most:

    • IVF Manufacturers
    • IVF Suppliers
    • IVF Distributors
    • Organizations
    • Government bodies

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The IVF market growth is expected to grow from USD 669.9 Mn in 2021 to USD 1,256.35 Mn by 2028.

    In vitro fertilization is defined as a type of assisted reproduction in which a womens eggs and mans sperm are combined outside of the body in a Petri/laboratory dish. In vitro fertilization is the most widely used method for assisted reproduction due to the usage of advanced technology and favorable reimbursement policies.

    The IVF market is expected to grow at a CAGR of 9.29% during the forecast period.

    Key players operating in the IVF Market are- Cooper Surgical Inc. (The U.S.), Vitro Life (Sweden), Cook Medical Incorporated (The U.S.), Thermo Fisher Scientific (The U.S.), Irvine Scientific (The U.S.), Genea Limited (Australia), The Baker Company, Inc. (The U.S.), Kitazato Corporation (Japan), Esco Micro Pte Ltd (Singapore), EMD Serono (The U.S.), IVF Tech APS (Denmark), Rocket Medical (UK).

    Europe region accounted for the largest market share of more than >35% and is likely to grow at a robust CAGR during the forecast period.

    Technological advancement in the IVF-assisted reproduction method is a prominent trend noticed in the global market. The growth of the global IVF market is primarily driven by declining fertility rates owing to various factors such as stress, pollution, an increase in several people smoking, and obesity. Increasing awareness among people regarding infertility and the availability of various methods to treat infertility problems is likely to create lucrative opportunities for the players operating in the global In Vitro Fertilization Market during the review period.