PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1224490
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1224490
In Vitro Fertilization Market size was valued at USD 22,900.4 Million in 2022, expanding at a CAGR of 6.3% from 2023 to 2030.
In vitro fertilization, or IVF, is a set of therapies that help with pregnancy, avoid genetic abnormalities and aid in birthing. During the operation, mature eggs are extracted (recovered) from the ovaries and fertilized in a laboratory with sperm. This process is carried out in fertility clinics and surgery centres, hospitals, research facilities, and cryobanks.
In Vitro Fertilization Market- Market Dynamics
The worldwide in-vitro fertilization market is largely driven by rising male and female infertility rates, declining fertility rates, rising male infertility, increased use of alcohol and cigarettes, and rising knowledge of the in-vitro fertilization procedure and technology. The rising prevalence of infertility will have a significant influence on the growth of the in-vitro fertilization industry in the coming years. According to the National Center for Biotechnology Information, roughly 8-12% of couples have infertility and decreased fecundity. The key risk factors that contribute to infertility are changing lifestyles, late childbearing, and hereditary. As a result, rising risk concerns along with the rising acceptability of IVF operations will drive in vitro fertilization market growth throughout the forecast period. Furthermore, increased government initiatives and flexible government regulation to encourage IVF procedures are supporting the growth of the In-Vitro Fertilization industry. However, challenges impeding the growth of the in-vitro fertilization market include high treatment costs and changes in government regulations across different nations.
The COVID-19 pandemic is predicted to have a considerable influence on the studied market since most nations have already implemented methods to minimize and eliminate coronavirus infections, resulting in the closure of fertility facilities. The COVID-19 pandemic resulted in the global suspension of in vitro fertilization operations, which had a significant impact on women undergoing IVF procedures. For example, an article published in October 2021 titled "Infertility Management Disruption During the COVID-19 Outbreak in a Middle-Income Country: Patients' Choices, Attitudes, and Concerns" reported that patients faced uncertainty regarding the achievability of their long-term fertility goals amidst an atmosphere of general unpredictability for the duration and extent of disruption of their treatment, combined with the fear of infection. As a result, COVID-19 had a substantial influence on the market expansion.
Based on the instrument, the culture media segment is expected to dominate the market during the forecast period. This expansion was attributed to variables including financing accessibility and a rise in media improvement research efforts. The disposable devices market is anticipated to develop at the quickest rate over the forecast years as industry players introduce disposable devices such as needles, slides, and chambers to fulfil sterility and regulatory standards.
Based on the end-use, the fertility clinics segment is expected to hold a significant market share during the forecast period. The demand for ART treatments is rising, which has led to significant growth in the number of fertility clinics and ART facilities. The expansion of fertility clinics is projected to be fueled by elements including cost-effectiveness, the accessibility of experts, and the likelihood of hospital-acquired infections (HAIs) being limited or nonexistent. Hospitals also carry out IVF procedures.
In Vitro Fertilization Market- Geographical Insights
The North American market is the largest due to the presence of numerous top players in this region, regulatory reforms, rising prevalence of related conditions like polycystic ovary syndrome (PCOS), standardization of procedures, government funding for sperm and egg storage, and continuous rise in the incidence of infertility in both sexes. Moreover, the market is expanding as a result of the rising prevalence of infertility. For instance, the SingleCare online poll from February 2021 revealed that 20% of participants had in vitro fertilization (IVF) in the US in 2020. In addition, 25% of respondents indicated they were infertile for unexplained reasons, and 19% of respondents claimed to have PCOS (polycystic ovarian syndrome). As a result, the high rate of infertility is fueling the market's expansion.
In Vitro Fertilization Market- Recent Development:
In January 2022, Boston IVF, one of the world's most experienced reproductive facilities, teamed up with the Delaware Institute for Reproductive Medicine (DIRM). The unique collaboration intends to provide world-class fertility treatments and care locally through novel therapies such as IVF, preimplantation genetic testing, male infertility, and others.
Key features of the study:
This proposed research study on the In Vitro Fertilization market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains an attractive investment proposition matrix for ` the In Vitro Fertilization market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain the In Vitro Fertilization market
The impact of COVID-19 on the In Vitro Fertilization market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight into the In Vitro Fertilization market post-COVID will also be covered.
To give the users of this report a comprehensive view of the In Vitro Fertilization market, we have also included a competitive landscape and key innovator analysis for the In Vitro Fertilization market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand the financial information and strategic initiatives of players operating in the In Vitro Fertilization market.
In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new launches, research & development, and regional expansion of major participants involved in the market on global as well as regional levels.
The global In Vitro Fertilization market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL IN VITRO FERTILIZATION MARKET KEY PLAYERS
Thermo Fisher Scientific
FUJIFILM Irvine Scientific
Bangkok IVF Center
Advanced Reproductive Care.
BFC Forex & Financial Services Pvt.Ltd.
CHA Fertility Center
Gaudium IVF & Gynae Solutions
GLOBAL IN VITRO FERTILIZATION MARKET, BY INSTRUMENT
GLOBAL IN VITRO FERTILIZATION MARKET, BY PROCEDURE TYPE
GLOBAL IN VITRO FERTILIZATION MARKET, BY END-USE
Hospitals & Other Setting
GLOBAL IN VITRO FERTILIZATION MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA