IVF Time-Lapse Imaging Devices Market Size Report 2023

The global ivf time-lapse imaging devices market size was valued at USD 314.6 million in 2022 and is poised to grow at a significant CAGR of 21.2% during the forecast period 2023-29. The primary drivers of the expansion of the global IVF time-lapse imaging devices market include the increasing prevalence of infertility rate across the globe. In addition, advancement in technology is expected to boost the IVF time-lapse imaging devices market growth over the forecasted period.

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The ivf time-lapse imaging devices market is segmented based on product type, end user, application, and geography.

Based on the product type, the market is segmented into the following:
• Standalone IVF Time-lapse imaging Device
• Integrated IVF Time-Lapse Imaging Device

Based on the application, the market is segmented into the following:
• Embryo Development Observation
• Oocyte Observation
• Sperm Analysis

Based on the end user, the market is segmented into the following:
• Hospitals & Others Settings
• Fertility Clinics

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

Based on the end-user, the global ivf time-lapse imaging devices market is segmented into Hospitals & Other Settings, Fertility Clinics. The fertility clinics segment is expected to account for a larger revenue share in the global IVF time-lapse imaging devices market. The increasing preference of people to undergo IVF treatment in Fertility clinics is expected to drive the market growth in this segment. In addition, adoption of new modern techniques in clinics and frequent upgradation of technologies is expected to further boost the market growth of this segment.

Europe IVF Time-Lapse Imaging Devices Market:
The Europe IVF time-lapse imaging devices market is expected to increase over the forecast period due to increasing incidence of infertility rates and supporting government regulations in this region. For instance, France's lower house of parliament passed a law that grants single women full rights to opt for medically assisted reproduction. In addition, low treatment cost for IVF treatment in countries like Spain, Czech Republic is expected to further boost the IVF time lapse imaging devices market in this region over the forecasted period.

Furthermore, In Germany, IVF treatment subsidies are provided owing to the falling birth rate which is again expected to propel the market growth in this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players.

The global IVF Time-Lapse Imaging Devices market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

For instance, In June 2022, FUJIFILM applied Artificial Intelligence program to guide the IVF procedures.

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Key players profiles in the IVF Time-Lapse Imaging Devices Market report are Vitrolife AB, ASTEC CO., LTD, Esco Medical Technologies UAB, Genea Biomedx PYT LTD, Merck KGaA, Cook Medical Inc, FUJIFILM Irvine Scientific Inc, Olympus Corporation, Thermo Fisher Scientific Inc, EMD Serono Inc.

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This release was published on openPR.