Press release
Groundbreaking Progress Elevates IVF Market to Unprecedented Levels
The global In vitro fertilization (IVF) market size is expected to be valued at USD 3.73 billion thousand units in 2024 and reach USD 7.98 billion by 2029, growing at a CAGR of 16.4% from 2024 to 2029.In vitro fertilization (IVF) is an infertility treatment, a condition in which a woman cannot get pregnant for at least a year, which is common in couples. IVF can also be used to prevent passing genetic problems to the child.
Global In vitro fertilization (IVF) Market Report Scope:
• Market Size (2029): USD 7.98 Billion
• Market Size (2023): USD 3.73 Billion
• CAGR (2024 to 2029): 16.4%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: Reagents & Media, Instruments, Technology, End-Users, and Region
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players Profiled: CooperSurgical, Inc. (U.S.), Vitrolife AB (Sweden), Cook Medical, Inc. (U.S.), Irvine Scientific (U.S.), Thermo Fisher Scientific, Inc. (U.S.), EMD Serono, Inc. (U.S.), Genea Limited (Australia), ESCO Micro Pte. Limited (Singapore), IVFtech ApS (Denmark), and The Baker Company, Inc. Are playing a dominant role in the global In vitro fertilization (IVF) market.
The growing median age of mothers across the globe due to career opportunities and delaying marriage is majorly driving the adoption of IVF among people. The increasing adoption of a sedentary lifestyle influencing people with unhealthy diets and habits is leading to infertility in most men and women, which is raising the demand for IVF worldwide, which drives the market revenue. According to a Cell article in 2022, male infertility is increasing, and severe medical concern affects approximately half of the infertile couples worldwide. Additionally, another article published by the International Bar Association in 2022 stated that the fertility rate had consistently declined to below replacement levels across the developed countries. These actions are anticipated to fuel the demand for IVF in treating infertility issues by propelling market growth. The growing government initiatives to educate people about fertility care, treatment options, and causes through campaigns collaborating with other public organizations are expected to increase the market value of IVF in the forecast period. The increasing technological advancements in the healthcare industry and the launch of IVF facilities and hospitals are driving the expansion of the global IVF market.
The demand for medical tourism in the merging nations is estimated to expand the IVF market due to emerging economies in the developing countries. The increasing success rate of IVF procedures is creating a positive impact among people and raising the adoption rate of IVF by enhancing market growth. Continuous R&D activities to develop better methods contribute to high success in fertility treatments and augment the IVF market value.
The presence of complications through the process of IVF treatment, such as ovarian hyperstimulation syndrome, multiple pregnancies, and high risk of miscarriages, are hampering the global market expansion. The usage of fertility drugs during the treatment may lead to adverse effects like egg retrieval, which causes infection and bleeding in the patients, limiting the adoption of IVF treatment. The high costs of the treatment process, which are difficult to afford for low and middle-income populations, hinder the market growth. Social, legal, and ethical issues associated with IVF treatment are estimated to impede market growth.
Browse full details of the report @ https://www.marketdataforecast.com/market-reports/in-vitro-fertilization-market
Key Insights from The Report:
• By reagents and media, the embryo culture media segment led the market and accounted for the largest share of the global market in 2023.
• Based on instruments, the imaging systems segment captured highest share of the global market in 2023.
• Based on technology, the intracytoplasmic sperm injection segment dominated the market in 2023.
• North America dominated the In vitro fertilization (IVF) market in 2023. Europe accounted for second-highest share of the global market in 2023 and on the other hand, the Asia-Pacific region is estimated to grow at the fastest CAGR during the forecast period.
• CooperSurgical, Inc. (U.S.), Vitrolife AB (Sweden), Cook Medical, Inc. (U.S.), Irvine Scientific (U.S.), Thermo Fisher Scientific, Inc. (U.S.), EMD Serono, Inc. (U.S.), Genea Limited (Australia), ESCO Micro Pte. Limited (Singapore), IVFtech ApS (Denmark), are dominated the In vitro fertilization (IVF) market.
SEGMENTATION INCLUDED IN THIS REPORT:
By Reagents & Media:
• Embryo Culture Media
• Cryopreservation Media
• Sperm Processing Media
• Ovum Processing Media
By Instruments:
• Imaging Systems
• Sperm Separation Systems
• Ovum Aspiration Pumps
• Incubators
• Micromanipulator Systems
• Cryptosystems
• Other Instruments (Gas Analyzers, Laser Systems, Accessories)
By Technology:
• Intra-Cytoplasmic Sperm Injection (ICSI)
• Pre-Implantation Genetic Diagnosis (PGD)
• Frozen Embryo Transfer/Replacement (FET/FER)
• Other Technologies
By End-Users:
• Fertility and Surgical Centres
• Hospitals and Research Laboratories
• Cryobanks
By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Browse Regional Reports:
North America IVF Market Research Report - Segmented By Reagents & Media, Instruments, Technology, End Users & Country (U.S, Canada & Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/na-in-vitro-fertilization-market
Europe IVF Market Research Report - Segmented By Reagents & Media, Instruments, Technology, End Users & Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/eu-in-vitro-fertilization-market
APAC IVF Market Research Report - Segmented By Reagents & Media, Instruments, Technology, End Users & Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/apac-in-vitro-fertilization-market
Latin America IVF Market Research Report - Segmented By Reagents & Media, Instruments, Technology, End Users & Country (Brazil, Argentina, Chile and Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, & Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/la-in-vitro-fertilization-market
Middle East & Africa IVF Market Research Report - Segmented By Reagents & Media, Instruments, Technology, End Users & Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast from 2024 to 2029 - https://www.marketdataforecast.com/market-reports/mea-in-vitro-fertilization-market
TABLE OF CONTENTS:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Introduction
5.2 Reagents and Media
5.2.1 Introduction
5.2.2 Embryo Culture Media
5.2.3 Cryopreservation Media
5.2.4 Sperm Processing Media
5.2.5 Ovum Processing Media
5.3 Instruments
5.3.1 Introduction
5.3.2 Imaging Systems
5.3.3 Sperm Separation Systems
5.3.4 Ovum Aspiration Pumps
5.3.5 Incubators
5.3.6 Micromanipulator Systems
5.3.7 Cryosystems
5.3.8 Other Instruments (Gas Analyzers, Laser Systems, Accessories)
5.4 Technology
5.3.1 Introduction
5.3.2 Intra-Cytoplasmic Sperm Injection (ICSI)
5.3.3 Pre-Implantation Genetic Diagnosis (PGD)
5.3.4 Frozen Embryo Transfer/Replacement (FET/FER)
5.3.5 Other Technologies
5.5 End Users
5.4.1 Introduction
5.4.2 Fertility and Surgical Centers
5.4.3 Hospitals and Research Laboratories
5.4.4 Cryobanks
6. Geographical Analysis
6.1 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.2 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.3 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 Soth Korea
6.4 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.5 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle East
6.5.3 South Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter's Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 CooperSurgical, Inc. (U.S.)
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Cook Medical, Inc. (U.S.)
8.3 Irvine Scientific (U.S.)
8.4 Vitrolife AB (Sweden)
8.5 Thermo Fisher Scientific, Inc. (U.S.)
8.6 EMD Serono, Inc. (U.S.)
8.7 Genea Limited (Australia)
8.8 ESCO Micro Pte. Limited (Singapore)
8.9 IVFtech ApS (Denmark)
8.10 The Baker Company, Inc. (U.S.)
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
11. Appendix
a) List of Tables
b) List of Figures
Market Data Forecast
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