In Vitro Fertilization Market to Expand at a CAGR of 5.9% During the Forecast Period 2022-2030

Posted on 2022-05-25 by researchinsights in Healthcare // 0 Comments

San Francisco, California , USA, May 25, 2022 — /EPR Network/ —

In Vitro Fertilization Industry Overview

The global in vitro fertilization market size was valued at USD 21.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2030.

The market size was valued at more than USD 1.0 billion in 2021 and is estimated to witness a CAGR of 5.00% over the forecast period. Rising reprotourism and the increasing cases of male and female infertility are the key factors driving the market growth. Infertility is one of the major health concerns faced by individuals globally. According to WHO, 8%-10% of couples globally suffer from infertility which is around 80 million couples worldwide. According to the American Pregnancy Association, male infertility accounts for 30% of infertility cases and contributes to around one-fifth of infertility cases. The average age of women and men getting married and having their first child is increasing. This trend has increased the number of women seeking the In Vitro Fertilization (IVF) treatment.

Gather more insights about the market drivers, restrains and growth of the Global In Vitro Fertilization market

Moreover, to focus on their career, many women freeze their eggs to have the child at a later stage. The rising dependence on fertility treatments will support market growth. Availability of funds is leading to a rise in the adoption of IVF procedures. To increase the success rate of IVF, techniques such as Testicular Sperm Extraction (PESA and TESE), are being introduced along with the development of new products. In June 2018, an Australian scientist developed an Artificial Intelligence (AI) tool called Ivy for the identification of an embryo with the best chance of pregnancy. PICSI (Physiological Intra-cytoplasmic Sperm Injection) is one of the techniques of sperm selection and is recommended for couples with a history of miscarriages, low embryo quality, and low fertility. Such technologies help increase the success rate of IVF pregnancies.

To compete in the modern business environment, it is crucial for all the organizations (manufacturers, clinics, and hospitals) to develop their virtual presence to increase awareness about infertility, infertility treatment, and their services. As infertility is a sensitive issue, people are reluctant to discuss it openly, particularly in developing countries. Hence, developing authenticity and trust through digital platforms is a key challenge for service providers. The providers can take an initial step to gain a center’s or manufacturers’ trust by displaying the hospital’s or approval committee’s certificates, introducing the doctors or scientists, and sharing their coordinates to establish and authenticate their identity.

Browse through Grand View Research’s Medical Devices Industry Research Reports.

Women’s Health Rehabilitation Products Market – The global women’s health rehabilitation products market size was valued at USD 2.6 billion in 2015 and is expected to grow at a CAGR of 5.4% over the forecast period.
Infertility Treatment Devices & Equipment Market – The global infertility treatment devices and equipment market size was valued at USD 206. 7 million in 2018 and is expected to expand at a CAGR of 9.3% over the forecast period.

In Vitro Fertilization Market Segmentation

Grand View Research has segmented the global in vitro fertilization market based on Instrument, Procedure Type, End-use, and region:

In Vitro Fertilization Instrument Outlook (Revenue, USD Million, 2017 – 2030)
- Disposable Devices
- Culture Media
- Capital Equipment
In Vitro Fertilization Procedure Type Outlook (Revenue, USD Million, 2017 – 2030)
- Fresh Donor
- Frozen Donor
- Fresh Non-donor
- Frozen Non-donor
In Vitro Fertilization End-use Outlook (Revenue, USD Million, 2017 – 2030)
- Fertility Clinics
- Hospitals & Other Setting
In Vitro Fertilization Regional Outlook (Revenue, USD Million, 2017 – 2030)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)

Market Share Insights

2020: FUJIFILM Irvine Scientific announced the launch of Vit Kit-NX, a vitrification media solution.
July 2019: Vitrolife and Prime Tech entered into a collaboration agreement to design and market the Piezo technique for better Intracytoplasmic Sperm Injection (ICSI) procedure in human IVF globally except for Thailand, Japan, and Malaysia.

Key Companies profiled:

Some prominent players in the global in vitro fertilization market include

OvaScience
EMD Serono Inc.
Vitrolife AB
Irvine Scientific
Cook Medical Inc
Cooper Surgical Inc.
Genea Biomedx
Thermo Fisher Scientific Inc.
Progyny, Inc.
Boston IVF

Order a free sample PDF of the in vitro fertilization Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Matched content

Editor’s pick