Rising prevalence of both male and female infertility and rapid growth in the female working population are among the key factors driving the global market revenue growth.
Rising prevalence of both male and female infertility and rapid growth in the female working population are among the key factors driving the global market revenue growth
Emergen Research has recently published its latest report titled “In-Vitro Fertilization Market, By Procedure (Fresh Donor, Fresh Non-donor, Frozen Donor, Frozen Non-donor), By Product (Reagents, Equipment), By End-use (Hospitals, Research Laboratories, Fertility Clinics, Surgical Centers, Cryobanks), and By Region Forecast to 2028”
According to Emergen Research, the global in-vitro fertilization market size was USD 18.08 billion in 2020 and is expected to reach USD 36.51 billion in 2028 and register a revenue CAGR of 9.1% during the forecast period, 2021-2028.
Market Dynamics:
Revenue growth of the global in-vitro fertilization market is majorly attributed to factors such as growing average age of first-time mothers, increasing prevalence of male and female infertility, significant rise in the female working population over the past decades, and rising public awareness of infertility. As estimated by the American Pregnancy Association, male infertility accounts for nearly 30% of all infertility cases in the U.S.
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Changing lifestyle habits such as smoking and excessive consumption of alcohol, growing prevalence of chronic diseases such obesity, diabetes, cancer, and hypertension, increasing incidence of infertility caused by chronic conditions such as thyroid disease, endometriosis, and uterine fibroids, and growing availability of advanced treatment options for the condition are among the other major factors driving the global in-vitro fertilization market revenue growth. Continuous advancements in reproductive technologies and rapid adoption of advanced in-vitro fertilization (IVF) techniques such as microsurgical (testicular) sperm extraction, frozen embryo transfer, artificial insemination, endometrial co-culture, assisted embryo hatching, PESA (Percutaneous Epididymal Sperm Aspiration), and TESE (Testicular Sperm Extraction) further boost market revenue growth.
However, revenue growth of the market is restrained to a major extent due to unfavorable factors such as high costs of IVF procedures, rising ethical concerns among people, low success rate of IVF procedures, and increasing risks and complications associated with the procedure.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Fresh Non-donor Segment Accounted for Largest Revenue Share in 2020:
The fresh non-donor segment dominated other segments in terms of revenue share in the global market in 2020. Rising cases of male and female infertility, high success rate of in-vitro fertilization procedures, and increasing preference for fresh non-donor procedures are major factors driving revenue growth of this segment.
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Reagents Segment to Account for Fastest Revenue CAGR:
The reagents segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Rising prevalence of infertility among men and women worldwide, increasing volumes of in-vitro fertilization procedures, and growing use of reagents such as cryopreservation media, embryo culture media, ovum processing media, and sperm processing media in IVF procedures are key factors contributing to revenue growth of this segment.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America in-vitro fertilization market accounted for the largest revenue share in the global market in 2020. Rising prevalence of infertility, increasing female working population, rising average age of first-time mothers, growing awareness of infertility treatment options among the population, availability of state-of-the-art fertility care centers in the region, and rising investments in R&D activities for more innovative and cost-effective IVF technologies are among the major factors supporting revenue growth of the North America market.
Major Companies in the Global In-Vitro Fertilization Market Include:
- Vitrolife AB
- CooperSurgical, Inc.
- Thermo Fisher Scientific
- The Baker Company, Inc.
- Kitazato Corporation
- Cook Medical, Inc.
- Esco Micro Pte. Ltd.
- OvaScience
- Boston IVF
- EMD Serono Inc.
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For the purpose of this report, Emergen Research has segmented the global in-vitro fertilization market based on 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 systems
- Imaging systems
- Cabinets
- Incubators
- Ovum aspiration pumps
- Micro manipulation systems
- Gas analyzers
- Accessories
- Anti-vibration tables
- Laser systems
- Cryosystems
- Witness systems
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals
- Fertility Clinics
- Surgical Centers
- Research Laboratories
- Cryobanks
Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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