In Vitro Fertilization Device Market Key Player Growth Analysis Like EMD Serono Inc., Irvine Scientific, Cooper Surgical Inc., Hermo Fisher Scientific Inc. and Forecast to 2022

In Vitro Fertilization Device Market - Segments

Global IVF device market has been segmented on the basis of devices which comprises accessories and disposables, micromanipulator imaging system, cabinet, ovum aspiration pump, sperm separation system, incubators, cryosystem and others. On the basis of technology the market is segmented into frozen embryo transfer technique, donor egg IVF technique, fresh embryo transfer technique and others. Further on the basis of end users the market is segmented into surgical centers, clinical research institutes, fertility clinics, hospitals and others.

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In Vitro Fertilization Device Market - Competitive Landscape

Some of the competing market players in the in-vitro fertilization market are EMD Serono, Inc., Irvine Scientific, Cooper Surgical, Inc., Oxford Gene Technology, Vitrolife AB, Cook Medical, Inc., OvaScience Inc., Esco Micro Pte. Ltd, and many others.

Cooper Surgical, part of Cooper Companies Inc., has acquired the assets of The LifeGlobal Group, provider of in-vitro fertilization (IVF) devices. The transaction is valued at approximately USD 125 MN. This acquisition is aimed at increasing the number of fertility procedures, with LifeGlobal strengthening CooperSurgical’s fertility customer base and thus improving Cooper Surgical’s fertility business globally.

In Vitro Fertilization Device Market - Highlights

In Vitro Fertilization is an assisted reproductive technology (ART) ideally referred as IVF. This procedure includes separating eggs, recovering a sperm sample followed by physically combining the egg and sperm in a research laboratory. Embryo is then transferred to the uterus. Globally the market for IVF Device is expected to grow at the rate of about 11.7% from 2016 to 2022.

In Vitro Fertilization Device Market - Intended Audience

IVF device manufacturers & suppliers
Biotechnology companies
Fertility clinics
Hospitals & clinics
Academic research institutes
Government institutes

In Vitro Fertilization Device Market - Regional Analysis

The IVF device market is spread across North America, Europe, Asia Pacific, and Middle-East.

Among all regions, North America holds the largest share of IVF device market. Countries such as the United States (U.S.) and Canada are major revenue generators of the North America market. Surge in disposable incomes, health insurance portability, and rise in advertising and marketing of medical facilities to promote IVF devices augment the market growth in this region. Moreover, industry players introducing more IVF treatments in the region leads to immense growth of IVF device market. Also, presence of favorable reimbursement framework helps the market growth. For instance, in 2016, U.S.A’s Department of Defense had implemented a 5-year plan to freeze eggs/sperm of troops which would also cover the cost incurred for active service members of the U.S military.

Europe is projected to be the second largest market as it is anticipated to exhibit a massive growth rate during the forecast period (2016-2022). High quality of treatments offered at economical price and adherence to medical standards have contributed to the market dominance in this region. Furthermore, the region attracts international clients who have high number of egg donors and clinics in Europe also provide large number of IVF treatments. These factors predominantly aid the market progress.

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Also, the market in Asia Pacific region is deemed to be the fastest growing market for IVF devices. Increasing penetration of foreign industries into developing economies, fertility tourism, and changing regulatory landscape thrust the market on an upward trajectory in this region. Furthermore, increasing awareness of infertility and improvement in infertility-related services leave a positive impact on the market growth. For instance, the Asia Pacific Initiative on Reproduction (ASPIRE) is a task force of clinicians and scientists involved in the monitoring and management of fertility and Assisted Reproductive Technology (ART). Such initiatives promote awareness among the population in terms of IVF procedures and their benefits, thus driving the IVF devices market in this region.

The Middle-East in-vitro market is on a meteoric rise as well due to changing lifestyle conditions, delayed pregnancy, gynecological conditions, reduced ovarian reserve in female population, and fertility disorders.

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Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

Continued….

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