The global In Vitro Fertilization /IVF market size is projected to reach USD 990 million by 2026 at a CAGR of 9.2% from USD 640 million in 2021 during the forecast to 2028.
In Vitro Fertilization /IVF Market, by Product (Micromanipulators, Incubators, Cabinets, Imaging System, Laser System, Reagents & Accessories), Type (Conventional IVF, IVF with ICSI), End User (Fertility Clinics, Hospitals, Cryobanks) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America) and More
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IVF or In vitro fertilization is a method of ART or assisted reproductive technology the deals with a complex set of procedure which help people with fertility and assist them in the conception of a child. In the procedure one or more fertilized eggs or embryos are transferred into the woman's uterus, where they may implant in the uterine lining and develop into foetus.
With the declining fertility rate and increased medial age of first-time mothers along with raised incidents of male infertility are some of the factors that have supported long-term expansion for In Vitro Fertilization /IVF Market.
Regional Analysis
Asia Pacific is expected to be the largest market during the forecast period. Increased number of medical tourism along with increased awareness of IVF procedures and reduced treatment require along with the increased healthcare expenditure have led to growth of the market in the region.
Key Players
· The Cooper Companies Inc.
· Cook Group
· Vitrolife
· Thermo Fisher Scientific, Inc.
· Esco Micro Pte. Ltd.
· Genea Limited
· IVFtech ApS
· FUJIFILM Irvine Scientific
· The Baker Company, Inc. and More
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Recent Developments
In 2021, FDA approved the commercialization of the GYNEMED GM501, manufacture by Hamilton Thorne Ltd which is a ready-to-use medium designed for in vitro washing and handling procedures of human oocytes and embryos in the US and Europe.
In 2021, CooperSurgical join hands with Virtus Health in order to strengthen its fertility technology, increasing the accessibility of advanced treatment to infertile couples.
In Vitro Fertilization /IVF Market is segmented into Product, cycle, Type and geography.
On the basis of Type
· Conventional IVF
· IVF with ICSI
· IVF with Donar Eggs
· Others
On the basis of End-User
· Fertility Clinics
· Hospitals & Surgical Centers
· Cryobanks
· Research Institutes
On the basis of Cycle
· Fresh Non-donor IVF Cycles
· Frozen Non-donor IVF Cycles
· Frozen Donor IVF Cycles
· Fresh Donor IVF Cycle
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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