Press release
Global IVF Services Market Projected to Surpass $30.87 Billion by 2029 with 9.7% Annual Growth
IVF Services Market
The in vitro fertilization (IVF) services market is experiencing growth due to the increasing rate of infertility. Infertility, defined as the incapacity to become pregnant within a year, is affecting an increasing number of couples. It is reported by the US Department of Health and Human Services that around 12 to 13 out of every 100 couples struggle with conception issues. Furthermore, the Indian Journal of Community Medicine reveals that between 15 to 20 million infertility cases are found in India alone. The escalating infertility rate has led individuals to seek IVF services, thereby driving growth in the market.
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What is the projected compound annual growth rate (CAGR) of the ivf services market from 2025 to 2034, and what factors influence it?
In recent times, there has been a swift expansion in the market size of IVF services. It is expected to increase from $19.19 billion in 2024 to $21.3 billion in 2025, indicating a compound annual growth rate (CAGR) of 11.0%. Factors that led to this growth in the previous years include a rise in PCOS conditions, an upswing in premature ovarian failure cases, a high incidence of male infertility, and insurance coverages offered for IVF procedures.
In the coming years, the IVF services market size is projected to witness substantial growth, escalating to $30.87 billion in 2029 with a compound annual growth rate (CAGR) of 9.7%. The anticipated growth in this period can be traced back to several factors such as the increase in infertility rates, advancements in fertility treatment technology, rising use of IVF services for pregnancy assistance, growth in the number of same-sex couples, proliferation of fertility clinics, rise in disposable income, and an emerging trend for late parenthood. Significant trends in this forecast period encompass the provision of mitochondrial replacement therapies to possibly combat genetic disorders, the embrace of modern fertility treatment technologies and providing superior solutions for those pursuing fertility treatments, the introduction of PGT-A screenings or tests to potentially enhance pregnancy probabilities, the application of artificial intelligence to decrease costs and streamline processes, the establishment of blockchain-based applications, and the integration of high-tech solutions such as time-lapse microscopy for safe, uninterrupted, and continual embryo monitoring.
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What new trends are reshaping the ivf services market and its opportunities?
The latest technique gaining traction for enhancing the success rate of IVF in patients suffering recurrent implantation failures is Platelet-rich plasma (PRP). Integrated with fertility procedures like IVF, PRP aids in enhancing the egg's quality, thickness of uterine lining and endometrial receptivity, and it's primarily used for consistent implantation failure across numerous IVF cycles. Per an article by the Journal of Assisted Reproduction and Genetics, a significant improvement in Follicle-Stimulating Hormone (FSH), Anti-Müllerian Hormone (AMH), and Antral Follicle Count (AFC) was observed in women treated with PRP, suggesting enhanced fertility.
What are the major segments of the ivf services market and their role in driving growth?
The IVF services market covered in this report is segmented -
1) By Cycle Type: Fresh IVF Cycles(Non-donor), Thawed IVF Cycles(Non-donor), Donor Egg IVF Cycles
2) By Service Provider: Fertility Clinics, Hospitals, Surgical Centers, Clinical Research Institutes
3) By End User: Fertility Clinics, Hospitals And Other Settings
Subsegments:
1) By Fresh IVF Cycles (Non-donor): Standard Fresh IVF Cycles, IVF Cycles With Preimplantation Genetic Testing (PGT)
2) By Thawed IVF Cycles (Non-donor): Thawed Embryo Transfer (TET) Cycles, Thawed Blastocyst Transfer Cycles
3) By Donor Egg IVF Cycles: IVF Cycles Using Fresh Donor Eggs, IVF Cycles Using Frozen Donor Eggs
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Which regions are key players in the growth of the ivf services market?
Western Europe was the largest region in the IVF services market in 2024. North America was the second largest region in global IVF services market share. The regions covered in the ivf services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the ivf services market?
Major companies operating in the IVF services market include Monash IVF Group, Virtus Health Limited, Chelsea and Westminster Hospital NHS Foundation Trust, Genea Limited, Boston IVF, IVF Spain, Morpheus Life Sciences Pvt. Ltd., Dünya IVF, Cardone Reproductive Medicine & Infertility LLC, Cloudnine Fertility, Sun Pharmaceuticals Industries Ltd., Cadila Healthcare Ltd., Trivector Origio Scientific, Lab IVF Asia Pte Ltd., LG Life Sciences, Bourn Hall Clinic, Southend Fertility, Indira IVF, Pearl Women Hospital & Yash IVF Center, Corion Fertility Clinic, Origin International Fertility Center, Apollo Hospitals Dhaka, Australian Concept Infertility Medical Center (ACIMC), Bahosi Fertility Centre, , Bloom Fertility and Healthcare, Bumrungrad International Hospital, Center for Advanced Reproductive Medicine and Infertility, CHA Fertility Center, United Family Healthcare, The New Hope Fertility Center, Melinda Hospital, Bocah Indonesia, Daya Medika, Clinique de la Muette, Klinikum Stuttgart, DRK Kliniken Berlin, University Medical Center Freiburg, CREATE Fertility, The Centre for Reproductive & Genetic Health, The Bridge Centre, Next Generation Clinic, UNICA Clinic - Prague, Repromeda s.r.o., MD Medical Group, Univfy, Progyny, Advantia Health, Maven Clinic, Future Family, Instituto de Fertilidad Humana, The Colombian Center for Fertility and Sterility, NMC Health, Dubai Gynecology and Fertility Centre, , New Life Medical Centre, Cairo Fertility Centre (Egypt), Queens Fertility Centre (Egypt), BPE Partners, Cleopatra Hospitals Group (CHG)
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What Is Covered In The IVF Services Global Market Report?
• Market Size Forecast: Examine the ivf services market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the ivf services market for a structured understanding.
• Key Players Overview: Analyze major players in the ivf services market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the ivf services market.
• Segment Contributions: Evaluate how different segments drive overall growth in the ivf services market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the ivf services market.
• Industry Challenges: Identify potential risks and obstacles affecting the ivf services market.
• Competitive Landscape: Review strategic developments in the ivf services market, including expansions, agreements, and new product launches.
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