The global In Vitro Fertilization (IVF) services market size is expected to reach USD 31.77 Billion in 2030 and register a steady revenue CAGR of 9.84% over the forecast period, according to latest analysis by Emergen Research.
The global In Vitro Fertilization (IVF) services market size is expected to reach USD 31.77 Billion in 2030 and register a steady revenue CAGR of 9.84% over the forecast period, according to latest analysis by Emergen Research. The rising infertile population base across the globe is one of the key factors expected to drive market growth over the forecast period. As per a report by Centers for Disease Control and Prevention (CDC), over 6% of married women in the U.S. aged between 15 and 44 years were unable to get pregnant or carry a pregnancy to live birth after one year of unprotected sex with their husband. Moreover, as per the National Survey of Family Growth (NSFG), over 12% women in the U.S. suffer from primary infertility and about 6% suffer from secondary infertility.
In addition, the rising awareness about IVF services among individuals is another key factor driving market growth. The World Health Organization (WHO) has stated that IVF is one of the most effective methods to treat infertility and enables couples with fertility issues to have their own child.
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In vitro fertilization (IVF) is one of the assisted reproductive technology (ART) procedures used to treat infertility. It involves extracting eggs, retrieving a sperm sample, and then manually combining an egg and sperm in a laboratory dish. The embryo(s) is then transferred to the uterus.
Behavioral changes in individuals, increased work stress, changes in food habits and sleep patterns lead to various health complications. According to the National Health Services (NHS), United Kingdom, nearly 10% of couples suffer from fertility issues. In vitro fertilization is an assisted reproductive technology that helps in conceiving a child outside the human body. In this procedure, eggs are removed from the ovaries of a woman and fertilized with the sperm in a laboratory. The resulting embryo is then transferred to the uterus for further development. IVF procedures are expensive and often not covered by insurance companies. However, government initiatives and awareness campaigns regarding fertility treatment are expected to drive the market during the forecast period.
Some Key Highlights From the Report
- Some major companies in the global market report include Vitrolife AB, CooperSurgical, Inc., Thermo Fisher Scientific Inc., The Baker Company, Inc., Kitazato Corporation, Cook Medical, Inc., Esco Micro Pte. Ltd., OvaScience, Boston IVF, and EMD Serono Inc.Reagent segment accounted for larger revenue share in 2021. Reagent segment is expected to grow with significant CAGR over the forecast period. Technological advances in reproductive medicine have resulted in development of sophisticated reagents and media for performing IVF procedures. Fertility services providers are focused on providing innovative solutions to patients including access to advanced reagents, which support high success rates during treatment cycles.
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- On the basis of procedure, the IVF services market is divided into ICSI, IVF with egg donation, IVF with donor sperm, and frozen embryo transfer. ICSI is likely to hold the largest share of the market owing to its higher success rate as compared to other procedures.
- On the basis of end user, the market is segmented into fertility clinics, hospitals, and academic & research institutes. Fertility clinics are expected to hold the largest share of the market owing to the rising number of fertility clinics and the availability of advanced IVF services.
- Asia Pacific market is projected to grow at rapid pace over the forecast period. Rising awareness about fertility disorders, changing lifestyle, and growing number of working women are expected to fuel market demand. Increasing number of fertility clinics and hospitals are other major factor driving the regional market growth.
- North America is likely to show significant growth over the forecast period. Growing awareness about in vitro fertilization (IVF) services, availability of government reimbursement policies, and increasing number of fertility clinics & centers are expected to boost demand for IVF services in this region. Presence of large pool of patients suffering from infertility, early adoption of new technologies, and favorable reimbursement policies are expected to drive regional market growth.
- Europe is projected to hold significant market share over the forecast period. Presence of well-developed infrastructure, high cost of IVF services, and favorable government policies are expected to drive the regional market growth.
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Emergen Research has segmented the global IVF Services Market on the basis of procedure, product, end-use, and region:
- Procedure Outlook (Revenue, USD Billion; 2022-2030)
- Fresh Donor
- Fresh Non-Donor
- Frozen Donor
- Frozen Non-Donor
- Product Outlook (Revenue, USD Billion; 2022-2030)
- 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
- Reagents
- End-Use Outlook (Revenue, USD Billion; 2022-2030)
- Hospitals
- Research Laboratories
- Fertility clinics
- Surgical Centers
- Cryobanks
- Regional Outlook (Revenue, USD Billion; 2022-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- Rest Of MEA
- North America
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