Press release
Global IVF Services Market Forecast: Key Growth Drivers, Trends, and Opportunities from 2025 to 2034
IVF Services Market
The global IVF services market reached a value of nearly $19.57723 billion in 2024, having grown at a compound annual growth rate (CAGR) of 7.89% since 2019. The market is expected to grow from $19.57723 billion in 2024 to $33.67549 billion in 2029 at a rate of 11.46%. The market is then expected to grow at a CAGR of 10.74% from 2029 and reach $56.09487 billion in 2034.
What strategies are being adopted by key players in the IVF services market?
The key players in the market are adopting extensive strategies in the IVF services market such as:
• Focus on expanding business capabilities through strategic partnerships.
• Emphasize growth through acquisitions to strengthen business operations.
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To take advantage of opportunities, The Business Research Company suggests that IVF services companies enhance offerings:
• Integrate AI and regional outreach to revolutionize fertility care.
• Expand fertility access through strategic partnerships in key regional markets.
• Advance embryo selection with whole genome sequencing in IVF services.
What Is IVF Services: Market Overview?
In vitro fertilization (IVF) is a medical procedure used to assist with reproduction. It involves the fertilization of an egg with sperm outside the body, in a laboratory dish. IVF is commonly used when couples face infertility issues that cannot be resolved through other methods. The primary purpose of In vitro fertilization (IVF) services is to assist individuals or couples who are struggling with infertility. IVF involves the process of fertilizing an egg outside the body, in a laboratory, and then implanting the resulting embryo into the uterus.
The IVF services market consists of sales of in vitro fertilization (IVF) services by entities (organizations, sole traders and partnerships) that provide IVF services which is one of the more widely known types of assisted reproductive technology (ART) used to address infertility. IVF is a process of fertilization where an egg is combined with sperm outside the body, in vitro ("in glass").
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Who Are The Major Companies Operating In The Global IVF Services Market?
The top 10 competitors in the market made up 7.90% of the total market in 2023. IVIRMA Global was the largest competitor with a 2.63% share of the market, followed by:
• Monash IVF Group
• Thomson Medical Group Ltd
• Virtus Health Ltd.
• Max Healthcare Institute Limited.
• San Diego Fertility Center Inc.
• Vitrolife AB
• Indira IVF Hospital Ltd.
• Genea Limited.
• Progyny Inc.
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. We have published over 15,000 reports across 27 industries and 60+ geographies. Our research is powered by 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
We provide continuous and custom research services, offering a range of specialized packages tailored to your needs, including Market Entry Research Package, Competitor Tracking Package, Supplier & Distributor Package and much more.
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