In Vitro Fertilization Market Size, Share & Trends Analysis Report by Instrument (Disposable Devices, Culture Media, Capital Equipment), by Procedure Type, by End Use, by Region, and Segment Forecasts, 2023-2032

Report Overview
The global in vitro fertilization market size was valued at USD 21.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2032. The primary drivers of the market growth are rising cases of male and female infertility and rising reprotourism. One of the most significant health issues affecting people worldwide is infertility. Infertility affects 8%-10% of couples worldwide, or about 80 million couples, according to the WHO. Male infertility accounts for 30% of infertility cases and causes about one-fifth of infertility cases, according to the American Pregnancy Association. The median age at which women and men marry and have their first child is rising. The number of women seeking in vitro fertilisation (IVF) therapy has increased as a result of this trend.

In addition, many women freeze their eggs in order to concentrate on their careers and have the child later. The increased reliance on fertility treatments will foster market expansion. The adoption of IVF operations is increasing as a result of the availability of funding. Techniques like Testicular Sperm Extraction (PESA and TESE) are being launched in addition to the creation of new goods in order to raise the success rate of IVF. A scientist from Australia created the artificial intelligence (AI) programme Ivy in June 2018 to help identify embryos with the best chances of becoming pregnant. One of the sperm selection treatments is PICSI (Physiological Intra-cytoplasmic Sperm Injection), which is advised for couples with a history of miscarriages, poor embryo quality, and low fertility.

It is essential for all firms (manufacturers, clinics, and hospitals) to establish their online presence in order to raise knowledge about infertility, infertility treatment, and their services in order to compete in the modern business environment. People are reluctant to openly address infertility since it is a sensitive subject, especially in underdeveloped nations. Because of this, one of the biggest challenges for service providers using digital platforms is building authenticity and trust. By presenting the hospital's or approval committee's certificates, introducing the doctors or scientists, and revealing their locations to establish and validate their identification, the providers can take the first step toward earning the trust of a centre or manufacturers.

IVF market growth is also anticipated to be aided by the availability of genomic diagnostic facilities that allow for the prevention of the transfer of genetic abnormalities during in vitro fertilisation (IVF). Due to a rise in the number of IVF treatments, insurance companies are now covering IVF procedures. Given that the method has been successfully used as a technology, driving the market with more treatment automation and standardisation, this has led to competitive pricing and moderated the prices of IVF therapy.

This report examines all the key factors influencing growth of global In Vitro Fertilization market, including demand-supply scenario, pricing structure, profit margins, production and value chain / ecosystem analysis. Regional assessment of global In Vitro Fertilization market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.

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Market Segmentations:
Global In Vitro Fertilization Market: Major Players
ESCO Micro Pte Limited
The Baker Company
Thermo Fisher Scientific Inc
EMD Serono Inc
IVFtech ApS
Genea Limited
Vitrolife AB
Irvine Scientific
CooperSurgical Inc
Cook Medical Inc

Global In Vitro Fertilization Market: By Types
Intra-Cytoplasmic Sperm Injection
Pre-Implantation Genetic Diagnosis
Frozen Embryo Transfer
Others

Global In Vitro Fertilization Market: By Applications
Medical Device Industry
Hospitals and Research Laboratories
Academic Centers
Fertility and Surgical Centers
Suppliers
Manufacturers

Global In Vitro Fertilization Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global In Vitro Fertilization market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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In Vitro Fertilization Market Report Highlights
• In terms of revenue, the culture media category led the market in 2021. The effectiveness of cultural media is being increased through a variety of study initiatives. For instance, Vitrolife presented research on its SpermFreeze solution that demonstrated its efficacy in sperm recovery and sperm-hyaluronic acid binding at the American Society for Reproductive Medicine (ASRM).
• In terms of methods and equipment, Europe led the market in 2021. Its market supremacy is a result of clinics using cutting-edge technologies like time-lapse microscopy, providing cheap care, and adhering to medical regulations.
• Because of fertility tourism and the accessibility of finance for the procedure, the market for IVF in APAC is anticipated to experience rising demand. A maximum of three cycles of co-funding with a USD 1,920 per cycle are available in Japan for qualified couples.
• Legal measures are being implemented by the developing nations in the Asia-Pacific area to encourage the acceptance of treatments there. For instance, the Government of India approved a bill in February 2020 to regulate clinics providing services for assisted reproduction, such as IVF, artificial insemination, and surrogacy.
• The European Commission (EC) granted Merck's recombinant human follicle-stimulating hormone, GONAL-f (follitropin alfa) 150 IU pen, Marketing Authorization (MA) in January 2020.

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An Overview of the Impact of COVID-19 on Market: The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Frequently Asked Questions About This Report
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