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

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

In Vitro Fertilization (IVF) Market Analysis | 2022-2028
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In Vitro Fertilization (IVF) Market Size, Share, Trend, Forecast, Competitive Analysis, an See more...

"The 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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Market Dynamics

Introduction

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.

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 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.

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.

Segments Analysis

Segmentations

List of Sub-Segments

Dominant and Fastest-Growing Segments

End-User-Type Analysis

Fertility Clinics & Surgical Centers, Hospitals & Research Laboratories, Cryobanks

The Fertility Clinics & Surgical Centers segment held the largest share of the market.

 

Reagent-Type Analysis

Embryo Culture Media, Cryopreservation Media, Sperm Processing Media, and OVUM Processing Media

The Embryo Culture Media segment held the largest market share.

Cycle-Type Analysis

Fresh Non-Donor IVF Cycles, Frozen Non-Donor IVF Cycles, Frozen Donor IVF Cycles, Fresh Donor IVF Cycles

The Frozen Non-Donor IVF Cycles segment held the largest market share.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

Europe held the largest market share, while Asia-Pacific is expected to grow the fastest during the forecast period.

 

By End-User Type

“The Fertility Clinics & Surgical Centers segment held the largest share of the market”.

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. The Fertility Clinics & Surgical Centers segment accounted for the largest market share of more than 75% in 2021.

By Reagent Type

“The Embryo Culture Media segment held the largest market share”.

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. The Embryo Culture Media segment accounted for the largest market share of more than 40% in 2021.

By Cycle Type

“The Frozen Non-Donor IVF Cycles segment held the largest market share”.

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 Frozen Non-Donor IVF Cycles segment accounted for the largest market share of more than 45% in 2021. 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.

Regional Analysis

“Europe held the largest market share, while Asia-Pacific is expected to grow the fastest during the forecast period”.

The market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The market in Europe accounted for the largest market share of more than 35% in 2021 owing to increasing infertility rates; rising awareness, and continuous spending on R&D activities to develop technologically advanced solutions for health problems. The market in Asia-Pacific is expected to register the fastest growth during the forecast period on account of the growing median age of first-time motherhood, rising infertility rates, and low treatment costs.

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Key Players

The following are the key players in the In Vitro Fertilization (IVF) Market (arranged alphabetically)

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

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence in the most comprehensive way. 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.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

in-depth Analysis of the In Vitro Fertilization (IVF) Market 

How lucrative is the future?

The market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market segment analysis and Forecast

Which are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirement?

10% free customization

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 15 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.

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 three players)
  • SWOT analysis of key players (up to three 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)

In vitro fertilization is defined as a type of assisted reproduction in which a women’s eggs and man’s 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 in vitro fertilization (IVF) market is expected to grow at a CAGR of 9.29% during 2022-2028.

The in vitro fertilization (IVF) market is likely to reach to USD 1,256.35 million in 2028.

Technological advancements in IVF-assisted reproduction methods are a significant trend in the global market. The growth of the global IVF market is primarily driven by declining fertility rates, which can be attributed to factors such as stress, pollution, increased smoking rates, and obesity. Growing awareness about infertility and the availability of various treatment options are expected to create lucrative opportunities for players in the global In Vitro Fertilization market during the review period.

Europe region accounted for the largest market share and is likely to grow at a robust CAGR during the forecast period.

The 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).