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Donor Egg IVF Services Market Report 2024 - Donor Egg IVF Market Trends And Share
Donor Egg IVF Services Market
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According to The Business Research Company's, The donor egg in vitro fertilization (IVF) services market size has grown rapidly in recent years. It will grow from $2.66 billion in 2023 to $2.97 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to a growing number of IVF clinics, high rates of obesity, increased consumption of alcohol, a surge in cigarette smoking, and growing demand from women with endometriosis.
The donor egg in vitro fertilization (IVF) services market size is expected to see rapid growth in the next few years. It will grow to $4.66 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to the burgeoning adoption of donor egg IVF for LGBTQ+ couples, an upsurge in gamete donations, a growing acceptance of non-traditional family structures, an evolving legal landscape surrounding reproductive rights and third-party reproduction, and increasing single parenthood. Major trends in the forecast period include advancements in cryopreservation, advancements in genetic screening, surrogacy legalization, advancements in egg freezing, and advancements in embryo screening.
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Market Drivers and Trends:
The rise in infertility rate propels the growth of the donor egg IVF services market going forward. Infertility refers to a condition characterized by the inability to conceive a child or carry a pregnancy to term after a year or more of regular, unprotected sexual intercourse. The infertility rate is rising due to the prevalence of sexually transmitted infections and the lack of access to adequate and modern medical facilities. Egg donation uses eggs from a fertile woman to help an infertile woman conceive via IVF. For instance, in April 2024, according to the Infertility prevalence estimates report published by 'The World Health Organization,' a Switzerland-based, intergovernmental health organization, in 2022, globally, 1 in 6 people have experienced infertility at least once in a lifetime, whereas globally, the estimated prevalence of infertility was 17.5%. Therefore, the rise in infertility rate is driving the growth of the donor egg IVF services market.
Major companies operating in the donor egg in vitro fertilization (IVF) services market focus on technologically advanced in vitro fertilization (IVF) treatments, such as artificial intelligence (AI)-powered IVF solutions, to enhance success rates and improve patient outcomes. AI-powered IVF solutions refer to solutions that leverage machine algorithms and data analytics to improve the efficiency, accuracy, and success rates of IVF treatments. For instance, in September 2023, AIVF, an Israel-based software development company, launched the AI-powered IVF operating system EMA. EMA is an AI-powered system designed to enhance IVF clinic decision-making, streamline operations, and improve clinic-patient communication using deep learning models developed from extensive databases. EMA's embryo evaluation module enhances workflow efficiency in the IVF lab and achieves 38% greater accuracy than an embryologist.
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Major Key Players of the Market:
Raffles Medical Group, United Family Healthcare, Thomson Medical Group, Virtus Health, Genetics & IVF Institute, Fertility Associates, SAFE Fertility Center, TMC Fertility, TRIO Fertility, Sims IVF, Procrea Fertility, KL Fertility Centre, Morpheus Life Sciences Pvt Ltd, Bourn Hall Fertility Center, The Montreal Fertility Center, Cape Fertility Clinic, ReproMed Fertility Clinics, Merrion Fertility Clinic, Medfem Fertility Clinic, Flinders Fertility, Fertility First, Cloudnine Fertility, Beacon CARE Fertility, Aevitas Fertility Clinic
Donor Egg In Vitro Fertilization (IVF) Services Market 2024 Key Insights:
• The donor egg in vitro fertilization (IVF) services market size is expected to see rapid growth in the next few years. It will grow to $4.66 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%.
• Rising Infertility Rates Fuel Growth in Donor Egg IVF Market
• AI Innovations Drive Success In The Donor Egg IVF Services Market
• North America was the largest region in the donor egg in vitro fertilization (IVF) services market in 2023
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