IVF Devices & Consumables Market Trends, Demand, manufacturers, Type, and Business Opportunities 2023-2031

The global IVF devices & consumables market revenue was US$ 2,221.8 million in 2021. The global IVF devices & consumables market revenue is forecast to reach US$ 10,138.80 million by 2030, growing at a compound annual growth rate (CAGR) during the forecast period from 2022-2030.

IVF (In vitro fertilization) aims to help improve fertility, prevent genetic disorders, and assist with the conception of a child. During IVF, mature eggs are collected (retrieved) from the ovaries and fertilized by sperm in a laboratory. An embryo (egg) then get transferred to the uterus. IVF cycles last three to four weeks. Sometimes these steps are split up, which makes the process longer. IVF is the most successful form of assisted reproduction. Devices & consumables associated with IVF include instruments, accessories, disposables, reagents, and media.

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Factors Influencing Market Growth

The global IVF devices & consumables market is growing due to the significant rise in infertility rates, the trend of delayed pregnancies, awareness of IVF, and technological advances in IVF devices. Increasing same-sex marriages, an increase in gamete donations, an increase in healthcare expenditures worldwide, and an increase in disposable income these factors contribute to the global IVF devices & consumables market's growth.

The high cost of IVF, ethical concerns, complications associated with the procedure, and lack of awareness among the population may have a negative impact on the global market's growth.

Impact Analysis of COVID-19

The COVID-19 outbreak negatively affected the global market for IVF devices & consumables. The COVID-19 pandemic has put a strain on healthcare systems worldwide. There has been a dramatic rise in COVID-19 cases, which has resulted in nonessential surgical procedures being canceled, including in vitro fertilization.

As a result of many COVID-19 cases, there was a delay in fresh or frozen embryo transfers, elective surgery suspensions, and non-urgent diagnostic procedures. A prolonged lockdown on fertility treatment led to a decrease in the demand for IVF devices & consumables.

Regional Insights

Asia Pacific held dominance in the global IVF devices & consumables market in 2021, and the market is forecast to continue its lead during the forecast period. Due to a higher demand for IVF, a higher infertility population, more trained medical professionals, and technological advancements in IVF.

Moreover, an increase in disposable income and a surge in IVF adoption contributed to a rise in infertility rates. Thus, these factors are contributing towards the regional market growth.

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Leading Competitors

The leading prominent companies profiled in the global IVF devices & consumables market are:

Cook Medical Incorporated
FUJIFILM Holdings Corporation (Irvine Scientific Sales Company, Incorporated)
Genea Limited (Genea Biomedx)
Merck KGaA (EMD Serono, Incorporated)
Progyny Incorporated
Sysmex Corporation (Oxford Gene Technology)
Tempest Therapeutics, Incorporated
The Cooper Companies, Incorporated (CooperSurgical, Incorporated)
Thermo Fisher Scientific, Incorporated
Vitrolife AB
Other Prominent Players

Scope of the Report

The global IVF devices & consumables market segmentation focus on Product, Technology Type, End-User Type, and Region.

Segmentation based on Product

Instruments
Sperm Separation Systems
Cryosystems
Incubators
Imaging Systems
Ovum Aspiration Pumps
Cabinets
Micromanipulators
Others
Accessories & Disposables
Reagents & Media
Cryopreservation Media
Semen Processing Media
Ovum Processing Media
Embryo Culture Media

Segmentation based on Technology Type

Fresh Embryo IVF
Frozen Embryo IVF
Donor Egg IVF

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Segmentation based on End-User Type

Fertility Clinics
Hospitals
Surgical Centers
Clinical Research Institutes

Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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