Press release
Rising Infertility Rates and Advancements in IVF Technology Drive Growth in the In Vitro Fertilization Market
In Vitro Fertilization Market
It sheds light on the major companies that contribute significantly to the global sector. The report studies the presence of these companies in major geographical regions and their individual placement in the worldwide business. It helps in projecting the growth of In Vitro Fertilization Market through the years and in predicting its expansion in the forecasted time span. The increase in the demand for the product is boosting the overall production to ensure a smooth functioning demand-supply chain.
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The global In Vitro Fertilization (IVF) market size is expected to reach USD 36.51 Billion in 2028 and register a revenue CAGR of 9.1% during the forecast period. The global in vitro fertilization (IVF) market is experiencing significant growth, driven by rising infertility rates and advancements in reproductive technology. Factors such as lifestyle changes, delayed pregnancies, and medical conditions contribute to an increasing demand for assisted reproductive techniques.
According to the American Society for Reproductive Medicine (ASRM), approximately 6.7 million people in the U.S. struggle with infertility, accounting for about 11% of the reproductive-age population. Increasing awareness of fertility treatments and improved success rates of IVF procedures are further propelling market expansion.
Key Market Drivers
Rising Infertility Rates - A shift towards urban lifestyles, higher stress levels, and medical conditions have led to increased infertility among both men and women. A growing number of women in the workforce and later-life pregnancy decisions are also key contributors.
Technological Advancements - Innovative techniques such as genetic testing, assisted hatching, and embryo freezing are improving IVF success rates. New methods, including mini-IVF and tri-parent IVF, are also gaining traction.
Government Support and Investment - Governments worldwide are implementing supportive policies and investing in fertility research and clinics. Companies like Gulf Capital have committed to expanding fertility clinics across Southeast Asia, India, and Europe to meet rising demand.
Increasing Acceptance of Assisted Reproductive Technology (ART) - IVF procedures are becoming more widely accepted, with more couples opting for treatments. The introduction of blockchain-based applications like MyBaby enhances transparency in the IVF process, ensuring better patient outcomes.
Challenges and Market Restraints
Despite its growth, the IVF market faces challenges, including the high cost of treatment, health risks, and the impact of COVID-19. The pandemic led to delays in procedures and financial constraints for many couples, affecting the IVF industry. Additionally, concerns over multiple births and side effects like ovarian hyperstimulation syndrome and ectopic pregnancy remain key issues.
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Market Segmentation Insights
By Procedure: The Fresh Non-Donor IVF segment holds the largest market share, favored for its higher success rates. However, the Frozen Non-Donor segment is expected to grow at the fastest rate due to its cost-effectiveness and improved efficiency.
By Product: Reagents used in IVF procedures, such as embryo culture media and sperm processing media, contribute significantly to market revenue.
By End-Use: Fertility clinics and surgical centers dominate the market, offering specialized treatments, while hospitals and research laboratories play a crucial role in assisted reproductive technologies.
In Vitro Fertilization Top Companies and Competitive Landscape
The global in vitro fertilization market is fragmented, with a number of small- and medium-sized players accounting for majority revenue share. Established companies are engaged in various research and development activities and initiatives to develop and deploy new and more efficient product and services in the in vitro fertilization market.
Some major players operating in the market are:
Vitrolife AB
CooperSurgical, Inc.
Thermo Fisher Scientific Inc.
The Baker Company, Inc.
Kitazato Corporation
Cook Medical, Inc.
Esco Micro Pte. Ltd.
OvaScience
Boston IVF
EMD Serono Inc.
The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter's Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
This report offers historical data and forecasts revenue growth at a global, regional, and country level, and provides analysis of the market trends in each segment from 2018 to 2028.
Emergen Research has segmented the global In Vitro Fertilization market on the basis of procedure, product, end-use, and region:
Procedure Outlook (Revenue, USD Billion; 2018-2028)
Fresh Donor
Fresh Non-Donor
Frozen Donor
Frozen Non-Donor
Product Outlook (Revenue, USD Billion; 2018-2028)
Reagents
Cryopreservation media
Ovum processing media
Embryo culture media
Sperm processing media
Equipment
Sperm separation system
Imaging system
Cabinet
Incubators
Ovum aspiration pump
Micro manipulation system
Gas analyzer
Accessories
Anti-vibration tables
Laser system
Cryosystems
Witness system
End-Use Outlook (Revenue, USD Billion; 2018-2028)
Hospitals and research laboratories
Fertility clinics and surgical centers
Cryobanks
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Regional Outlook:
North America (the U.S., Canada, Mexico)
Europe (the U.K., Germany, France, Italy)
Asia Pacific (India, China, Japan, Korea)
Latin America (Brazil, Argentina, Ecuador, Chile)
Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key reasons to buy the Global In Vitro Fertilization Market report:
The latest report comprehensively studies the global In Vitro Fertilization Market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products & services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
Thank you for reading our report. For further details or to inquire about customization, please let us know and we will offer you the report as per your needs.
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