In-Vitro Fertilization (IVF) Market Size to Reach USD 36.51 Billion in 2028, Increasing Incidences of Infertility Among Women, Growing Trend of Late Pregnancy are Key Factors Expected To Drive Industry Demand, says Emergen Research

March 21, 2022 8:32 AM EDT | Source: Emergen Research

Vancouver, British Columbia--(Newsfile Corp. - March 21, 2022) - Emergen Research has recently published its latest report titled, "In Vitro Fertilization Market Size, Share, Trends, By Procedure (Fresh Donor, Fresh Non-Donor, Frozen Donor, Frozen Non-Donor), By Product (Reagents, Equipment), By End-use (Hospitals and Research Laboratories, Fertility Clinics and 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:

In-vitro fertilization (IVF) is a series of complex procedures that help with fertility, conception of pregnancy, and prevent genetic problems. In-vitro fertilization is a type of assistive reproductive technology (ART) which involves retrieval of eggs from woman's ovaries and their fertilization with sperms in controlled environment. Methods of in vitro fertilization (IVF) have significantly advanced over the last few decades and increasing research and development activities advance human reproduction research is a key factor expected to drive market revenue growth over the forecast period.

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Growing demand for fertility treatments due to increasing incidence of infertility and possibilities of genetic diseases is further driving research and development of advanced technologies to optimize IVF regimens and success. In addition, growing acceptance of IVF and other ARTs, rising awareness regarding success of IVF, and increasing trend of conceiving at a late age are some other factors contributing to revenue growth of the market going ahead.

In-vitro fertilization, popularly known as IVF, has revolutionized the field of reproductive endocrinology since its inception in the 1978s. Over the course of time, significant breakthroughs in clinical medicine and basic science have allowed large number of infertile couples to conceive and have a baby. Early IVF played a significant role in treatment of women with tubal disease and in the last few years, IVF has been widely adopted for increasing chances of successful pregnancy in women with advanced reproductive age. Delay in pregnancy due to more women opting to pursue education and careers and marriages occurring in later life are key factors boosting adoption of IVF in women across the globe. Improvement in efficiency of oocyte cryopreservation and of ovarian tissue transplantation have the potential to further advance the field of IVF. In addition, growing focus on treatment of male infertility to increase success rates of IVF is another factor contributing to market growth.

However, technologies such ICSI, in-vitro maturation, and oocyte cryopreservation and verification have limited data available. Increasing awareness regarding potential health risks associated with ovulation induction medications, in-vitro culture conditions, and oocyte/embryo manipulations can lead to rare complications of the ART which can progress over time. These factors, coupled with lack of accurate knowledge regarding IVF technique in developing and underdeveloped countries are some factors that can potentially hamper revenue growth of the market to a significant extent over the forecast period.

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 to Register Rapid Revenue Growth:

Fresh non-donor segment is expected to register robust revenue growth over the forecast period attributable to increasing prevalence of infertility across the globe and higher rate of success of in-vitro pregnancy. Fresh non-donor eggs are more efficient at generating viable embryos which offer a better chance at pregnancy and this is another factor contributing to revenue growth of the segment.

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Fertility Clinics and Surgical Centers Segment Revenue to Expand Steadily:

Fertility clinics and surgical centers segment is expected to expand at a robust revenue CAGR over the forecast period. Revenue growth can be attributed to increasing network of specially-focused fertility clinics, availability of various fertility programs to diagnose problems and educate couples and families, and availability of cost-effective treatment options.

North America to Lead in Terms of Revenue Share:

North America is expected to account for a significant revenue share over the forecast period attributable to increasing focus on fertility care, rising prevalence of infertility, growing trend of delayed pregnancy, increasing investment in R&D activities, and availability of advanced healthcare infrastructure.

Major companies in the Market 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
EMD Serono Inc.

Have a look at Report Description and Table of Contents of Market Report @ https://www.emergenresearch.com/industry-report/in-vitro-fertilization-market.

For the purpose of this report, Emergen Research has segmented the global In Vitro Fertilization (IVF) market on the basis of 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 system
- Imaging system
- Cabinet
- Incubators
- Ovum aspiration pump
- Micro manipulation system
- Gas analyzer
- Accessories
- Anti-vibration tables
- Laser system
- Cryosystems
- Witness system

End-Use Outlook (Revenue, USD Billion; 2018-2028)

Hospitals and Research Laboratories
Fertility Clinics and Surgical Centers
Cryobanks

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Regional Outlook (Revenue, USD Billion; 2018-2028)

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
- U.A.E.
- South Africa
- Israel
- Rest of MEA

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