PUBLISHER: The Business Research Company | PRODUCT CODE: 1753869
PUBLISHER: The Business Research Company | PRODUCT CODE: 1753869
In vitro fertilization (IVF) is a medical procedure used to assist with reproduction. It involves the fertilization of an egg with sperm outside the body, in a laboratory dish. IVF is commonly used when couples face infertility issues that cannot be resolved through other methods. The primary purpose of In vitro fertilization (IVF) services is to assist individuals or couples who are struggling with infertility. IVF involves the process of fertilizing an egg outside the body, in a laboratory, and then implanting the resulting embryo into the uterus.
The IVF services market consists of sales of in vitro fertilization (IVF) services by entities (organizations, sole traders and partnerships) that provide IVF services which is one of the more widely known types of assisted reproductive technology (ART) used to address infertility. IVF is a process of fertilization where an egg is combined with sperm outside the body, in vitro ("in glass").
The global IVF services market was valued at $13,391.32 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 7.00%.
Rising Infertility Rates
The rising infertility rates supported the growth of the IVF services market during the historic period. Infertility affects both men and women and the rising incidence across genders has significantly expanded the addressable market for IVF services. Factors such as lifestyle shifts, heightened stress levels, delayed parenthood and underlying health conditions have accelerated the demand for assisted reproductive technologies. This growing demand has attracted significant investment in the fertility tech sector. As a result, more IVF clinics are opening, advanced technologies like embryo freezing and genetic testing are being adopted, and services are becoming more accessible in both urban and semi-urban areas. For instance, in April 2023, according to the World Health Organization (WHO), a Switzerland-based specialized agency of the United Nations responsible for international public health, reported that around 17.5% of the adult population roughly 1 in 6 worldwide experience infertility, showing the urgent need to increase access to affordable, high-quality fertility care for those in need. Therefore, the rising infertility rates drove the growth of the IVF services market.
Integrating AI and Regional Outreach to Transform Fertility Care
Major companies operating in the in vitro fertilization (IVF) services market are leveraging innovation and expansion strategies to strengthen their position and increase accessibility to advanced reproductive care. These efforts often include integrating emerging technologies and opening new centers in underserved regions. In March 2023, Santaan, an India-based multi-centre fertility clinic and research institute, expanded its innovative services with new facilities in Bangalore and Ambur (Tamil Nadu), alongside further growth within Odisha. The clinic is known for incorporating AI and IoT to remotely monitor IVF lab environments, thereby improving treatment precision and outcomes. Santaan offers a comprehensive range of fertility treatments, including IVF, IUI, ICSI, and pre-implantation genetic screening. It also provides women's health services under its 'She & Her' brand, which includes AI-driven, non-invasive cancer screenings. With a patient-centric model, the clinic has helped over 7,000 couples achieve parenthood and maintains success rates above global standards. Through Santaan Academy, it also trains future fertility specialists, supporting the development of fertility care across India.
The global IVF services markets are fragmented, with a large number of small players operating in the market. The top 10 competitors in the market made up 7.90% of the total market in 2023.
IVF Services Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global IVF services market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for IVF services? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The IVF services market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider IVF services market; and compares it with other markets.