In Vitro Fertilization /IVF Market to grow at a CAGR of 9.2% by 2031 | Thermo Fisher Scientific, Inc., Esco Micro Pte. Ltd., Genea Limited

New York, The global in vitro fertilization market was valued at USD 628 Million in 2021 and it is anticipated to grow further up to USD 1520 Million by 2031, at a CAGR of 9.2% during the forecast period.

Global In Vitro Fertilization /IVF Market report from Global Insight Services is the single authoritative source of intelligence on In Vitro Fertilization /IVF Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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IVF is one of the frequently utilized procedures that helped infertile couples, single mothers, and members of the LGBT community have children. The growth of the in vitro fertilization market is driven by an increase in the rate of infertility, a rise in the trend of delayed pregnancies, a surge in the success rate of IVF treatment, technological advancements in IVF treatment, an increase in the rate of infertility and practices of embryo banking cycles, and an increase in disposable income in the United States. In addition, rising IVF use in the US, rising rates of infertility and embryo banking, technological developments in IVF treatment, and trends toward delayed pregnancy are all anticipated to pave the way for future growth of the US IVF industry.

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Market Trends and Drivers
Globally, the median age of first-time mothers has dramatically risen over time. This trend is largely due to more effective methods of contraception, later marriages, and the rise in the proportion of women who prioritize their professions over having children. Data from the Australian Institute of Health and Welfare 2021 show that first-time moms in Australia are now, on average, 31.9 years old, up from 27.9 years in 2009. More women are anticipated to experience difficulties conceiving naturally as the typical age of first-time mothers rises. In this situation, more and more ladies are being compelled to choose IVF procedures, which is anticipated to fuel the market's expansion in the ensuing years.

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Market Segmentation
By Product

Equipment
Reagents & Kits
Accessories
By Cycle

Fresh Non-donor IVF Cycle
Frozen Non-donor IVF Cycles
Frozen Donor IVF Cycles
Fresh Donor IVF Cycle
By Type

Conventional IVF
IVF with ICSI
IVF with Donor Eggs
Others
By End User

Fertility Clinics
Hospitals & Surgical Centers
Cryobanks
Research Institutes

Major Players in the Global In Vitro Fertilization Market
The key players studied in the report are The Cooper Companies Inc. (US), Cook Group (US), Vitrolife (Sweden), Thermo Fisher Scientific, Inc. (US), Esco Micro Pte. Ltd. (Singapore), Genea Limited (Australia), IVFtech ApS (Denmark), FUJIFILM Irvine Scientific (US), The Baker Company, Inc. (US), Kitazato Corporation (Japan), Rocket Medical plc (UK), Hamilton Thorne Ltd. (US), ZEISS Group (Germany), FERTIPRO NV(Belgium), and Gynotec B.V. (Netherlands) among others.

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