In Vitro Fertilization Market Share, Growth And Trends Analysis By Type (Intrauterine Insemination, Intracytoplasmic Sperm Injection, Ivf Using Donor Eggs), By Devices (Imaging Systems, Sperm Separation System, Ovum Aspiration Pump, Micromanipulator, Cryosystem) By Reagents (Embryo Culture Media, Cryopreservation Media, Sperm Processing Media, Ovum Processing Media), By End Users (Clinical Research Institutes, Fertility Clinics, Hospitals) - Forecast to 2028

In Vitro Fertilization Market Overview

In Vitro Fertilization Market is expected to grow USD 33 Billion by 2028 at a CAGR 6% in the forecast period. In vitro fertilization (IVF) is a form of assisted reproductive technology that includes collecting eggs from a woman's ovaries and fertilizing them with sperm outside the body, in a laboratory setting. In the last few years, the percentage of women delaying pregnancies past the age of 35 has risen. Infertility is commonly caused by a delay in pregnancy. In many situations, delayed pregnancies result in pregnancy-related problems and an increased risk of infertility. As a result of increased awareness of enhanced in vitro fertilization (IVF) procedures, rising IVF success rates, and problems caused by delayed pregnancy beginning, in vitro fertilization techniques are in high demand around the world. Furthermore, the rising number of delayed pregnancies is contributing to the increased use of IVF procedures. However, the market's growth is likely to be limited throughout the forecast period due to the challenges connected with IVF and the accompanying socio-ethical issues.

COVID-19 Analysis of In Vitro Fertilization Market

The financial consequences of folding job losses and the housing market are estimated to develop the fertility clinic industry substantially. The shuttering of IVF clinics is also estimated to amplify waiting lists for couples trying to conceive this year. The surge in households' expenditure is expected to create severe restrictions on the development of the in vitro fertilization market share in the approaching period. Moreover, as fertility-related issues are not critical to an individual's health and well-being, especially in the current pandemic's scope, they are predicted to contribute to decelerated development in the in vitro fertilization market growth.

In Vitro Fertilization Market Dynamics

Drivers

Robust Regulatory Frameworks

The existence of suitable regulatory frameworks has aided in the development of assisted reproduction technologies such as embryo culture media market are likely to gain quick acceptance in advanced economies. At the same time, their penetration remains relatively slower in developing countries.

High Average Conception Age

The average age of first-time mothers has multiplied radically in the global in vitro fertilization market. This inclination is estimated to improved contraceptive techniques and the mounting number of women choosing to delay the starting of a family.

Opportunities

Progressive Technology Availability

The intensification of infertility cases is contributing to the advancement of advanced technologies such as lensless imaging of the sperms, which is anticipated to usher in a new phase of growth iin vitro fertilization marketn vitro fertilization market share in the coming years.

Surge in Fertility Medical Tourism

The low cost for superior healthcare amenities provided by doctors and surgeons trained in the leading institutes in the US and Europe in developing economies such as that of the Asia Pacific region promotes the in vitro fertilization trends. In addition to reduced treatment costs, combined with quality treatments and noninterventionist laws concerning the IVF treatment, it is also motivating fertility tourism in evolving countries such as India and Thailand.

Restraints 

High Cost Of Treatment

The cost of IVF treatment differs due to the absence of reimbursement policies, which may hinder its global progress. Consequently, the astronomical price of assisted reproductive techniques and the absence of insurance coverage for the treatment are restraining this in vitro fertilization market growth.

In Vitro Fertilization Market Segment Overview

By Type

The intrauterine insemination (IUI) segment is anticipated to keep on as a highly appealing segment over the next few years. In 2017, the segment accounted for nearly one-third share of the global IVF device market. During the forecast period, the segment is expected to witness a double-digit CAGR.

By Devices

The segments by device such as ovum aspiration pump, imaging systems, micromanipulator, sperm separation system, and cryosystem are assessed to perform uniformly in the course of the forecast period due to their use in fertilization.

By Reagents

The reagents segments are estimated to develop consistently in the course of the forecast period.

By End Users

The fertility clinics segment currently influences the in vitro fertilization market largest share and is anticipated to hold its top-posting over the forecast period. The hospital segment is also projected to become more lucrative in the upcoming years. Throughout the forecast period, the hospital segment is anticipated to surge at a 12.92% CAGR.

Regional Analysis

Asia Pacific To Be Established A Key Frontrunner In Global In Vitro Fertilization Market By 2028

The cost of IVF in Asia-Pacific is substantially lesser, especially in India, when likened to industrialized regions. The mounting medical tourism in the region for IVF is also assessed also to supplement the growth of the Asia-Pacific in vitro fertilization IVF market in the region. Due to lenient legal measures and regulatory necessities, India's fertility centers can deliver more patient-oriented therapies when equated with the advanced regions, which is directing the development of the IVF disposables market in the region.

North American Region To Capitalize Access To Innovative Technology

Several progressive nations in Europe and the Americas are documenting a lesser birthrate, which is linked to several socioeconomic influences. As a result, technologies such as IVF have become very popular in these countries. Meanwhile, the developing countries in the North American region, such as Mexico, are also catching up with the trend.

In Vitro Fertilization Market Competitive Landscape

The noteworthy companies profiled in the in vitro fertilization market report are

• Cooper Surgical Fertility,


• Cook Medical,


• Oxford Gene Technology,


• Merck KGaA,


• INVO Bioscience,


• Thermo Fisher Scientific,


• Genea Limited,


• Irvine Scientific,


• Vitrolife, GENEA BIOMEDIX

The government in Quebec plans to comprise in vitro fertilization to their government-funded health services. The procedure currently costs at least USD 6,000, not counting the expense of the hormones a patient must take. The subsidized treatment will be accessible to heterosexual couples, lesbian couples, as well as to single women.  This development is estimated to signify a pathbreaking development in the in vitro fertilization market.

Recent Developments

March2022: Vytelle announced that is working on a five-year strategy to make hormone-free bovine in vitro fertilization (IVF) more available to producers all over the world. Part of the five-year plan, which began after their Series A funding ended, promised to double the laboratory's capacity for in vitro fertilization of bovine embryos. Vytelle's integrated technology platform combines Vytelle ADVANCE, a breakthrough in vitro fertilization method, with Vytelle SENSE, a data collection system for animal performance, and Vytelle INSIGHT, a genetic analytics engine powered by artificial intelligence. The platform gives forward-thinking cattle producers the tools they need to make reliable data-driven mating decisions that increase genetic advancement predictability by duplicating the proper genetics faster using the most cutting-edge hormone-free in vitro fertilization technology.

Report Overview

In Vitro Fertilization Market Segmentation Table

By Type

• Intrauterine Insemination,


• Intracytoplasmic Sperm Injection,


• IVF Using Donor Eggs

By Devices

• Imaging Systems,


• Sperm Separation System,


• Ovum Aspiration Pump,


• Micromanipulator,


• Cryosystem

By Reagents

• Embryo Culture Media,


• Cryopreservation Media,


• Sperm Processing Media,


• Ovum Processing Media,

By End-User

• Fertility Clinics


• Hospitals


• Clinical Research Centers

By Region

• North America


• Europe


• Asia Pacific


• The Middle East & Africa (MEA)


• Latin America

The MRFR report advances a factual in vitro fertilization market viewpoint for in vitro fertilization market share on worldwide scale. The report consists of a comprehensive analysis of the growth trends of the global in vitro fertilization market. The report has thoroughly discussed the key micro and macroeconomic elements influencing the In-Vitro Fertilization (IVF) Industry.