Healthcare

Global IVF Device Market

April 9, 2022
ID: SR/HC-206
Format:Pdf
Pages:220

Global IVF Device Market, By Product Type (Instrument, Accessory & Disposable, and Reagent and Media), By Technology (Donor Egg IVF, Fresh Embryo IVF, and Frozen Embryo IVF), By End-User (Hospital, Fertility Clinic, Surgical Center, and Clinical Research Institute), and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2028.

Description

IVF Devices Market Overview

The global IVF Devices market was calculated at USD 3.05 billion in 2021 and projected to reach USD 9.22 billion by 2028, growing at a CAGR of 17.2% during the forecast period, 2022-2028. Growing reprotourism and increased infertility in men and women. Infertility is one of the biggest health problems facing people around the world. In vitro fertilization is one of the most widely used treatments for the problem of infertility. Increased infertility, increased awareness of IVF, increased demand for advanced IVF technology, and increased IVF success rate are the factors that drive the growth of the IVF devices market globally.

Furthermore, in vitro fertilization provides patients with freezing eggs early. Which later can be devised by using in vitro fertilization. In vitro fertilization, a technical process that minimizes the risk, is the factor that drives the global in-vitro fertilization market.

What is In-Vitro Fertilization (IVF) Device?

In-Vitro Fertilization (IVF) is an innovative clinical technique that includes a mixture of surgical processes and drugs to assist the implantation of eggs within the uterus. This technique is largely finished at the ladies that can’t have a normal pregnancy. In this technique, eggs are infused with sperm out of doors the uterus in a synthetic environment. This technique is likewise known as insemination, in which sperms and eggs are saved in a unique field to sell the fertilization of eggs. After some days, the fertilized egg is implanted into the womb of ladies, which is known as embryo transfer.

Growth Driver

Increasing demand for in-vitro fertilization

Increasing male and female infertility rates in some developing and developed countries has increased the demand for in vitro fertilization (IVF) procedures. IVF is becoming more important among fertile couples who suffer from genetic disorders and do not want to be passed on to their offspring in various developed countries. Recent advances in IVF equipment and reagents are also good signs for the market. The tendency to delay pregnancy is generally increasing worldwide and is driving the in vitro fertilization (IVF) equipment market over the forecast period.

Opportunity

Growing technological developments

Growing technological development and an increase in medical tourism in some developing countries are significant growth opportunities for the in-vitro fertilization devices market due to the current advances that can extend the usage of in-vitro fertilization devices to a huge phase of society with and without an infertility diagnosis. For instance, Vitrification, a flash or fast-freeze technology, has substantially stepped forward from cryopreserved embryos. Patients’ usage of frozen embryos has fulfilments quotes the same too, or higher than those from fresh embryo switch cycles, are providing growth opportunities for the in-vitro fertilization devices market.

Restraints

low awareness of IVF

Low awareness among the peoples of in vitro fertilization services, complications related to in vitro fertilization treatment, higher costs of IVF devices, ethical issues, some countries, the use of in vitro fertilization treatment is banned or regulated, are the key factors among others are restraining the growth of the in vitro fertilization devices market.

Pre-Covid-19 impact on global IVF Devices market

In the Pre-covid-19 period, the in vitro fertilization device market is growing due to the growing usage of in vitro fertilization devices in various end-users such as hospitals, fertility clinics, surgical centres and others. Upsurge in the number of same-sex marriages, increase in healthcare spending worldwide, the surge in the number of gamete donations, the growing infertility rate and increase in disposable income significantly contribute to the growth of the in vitro fertilization device market.

Covid-19 impact on global IVF Devices market

The outbreak of Covid-19 is likely to negatively impact the growth of the global in-vitro fertilization device market. The Covid-19 pandemic is straining healthcare systems around the world. Due to the rise in the incidence of Covid-19 cases, non-essential surgical procedures, such as in vitro fertilization, cases, embryo transfer procedures, whether fresh or frozen, interrupted elective surgery, and non-urgent diagnostic procedures. Therefore, the ongoing blockade of fertility treatment has slowed the growth of the in vitro fertilization market during the covid pandemic.

Post Covid-19 impact on global IVF Devices market

After the covid-19 pandemic, increasing demand for in vitro fertilization devices in end users and advancement in technology. The availability of funding and a rise in research activities to expand the culture media The use of disposable slides for counting sperm, image-based tracking systems for separating the best motile sperm, and disposable microchips are some of the innovations which is the factor in the growth of the IVF Devices market in post covid period.

Product Type Segmental Analysis

Based on the product type segmental analysis, the global in-vitro fertilization (IVF) devices market is segregated into an instrument, accessory & disposable, and reagent and media. The accessory & disposable segment is estimated to have the maximum market share in the product type for the IVF Devices market Due to rising demand for advanced IVF devices. In addition, market players are introducing disposable products such as slides, needles and chambers to meet needles, sterility and regulatory requirements.

Technology Segmental Analysis

Based on the technology, the global in-vitro fertilization (IVF) devices market is segregated into donor egg IVF, fresh embryo IVF, and frozen embryo IVF. The new embryo IVF segment is projected to have the largest market share for the IVF Devices market, increasing the fresh embryo IVF adoption due to the larger success rate and increasing infertility rate. Using fresh embryos rather than frozen in-vitro fertilization from fresh donor eggs improves in-vitro fertilization birth rates, increasing demand for easy-to-use equipment.

End-User Segmental Analysis

Based on the end-user segmental analysis, the global in-vitro fertilization (IVF) devices market is categorized into fertility clinics, surgical centers, hospitals, and clinical research institutes. The fertility clinic segment is anticipated to have the largest market share in the in vitro fertilization Devices market. Due to cost-effective treatment availability of specialists, minimal or no chances of Hospital-Acquired Infections, and the rising in various fertility clinics. Furthermore, the Surgical Centres segment is anticipated to rise significantly as the numeral of surgical centers increases in developing regions and increases usage of in vitro fertilization (IVF) in surgical centers.

Region Segmental Analysis

The in-vitro fertilization (IVF) devices market is categorized as North America, Asia Pacific, Europe, South America, and the Middle East & Africa based on the region. The Asia Pacific region is expected to considerably growth during 2022-2028. Due to the growing awareness of in-vitro fertilization treatment, the rising number of infertile populations increased disposable income, and cost-effective in-vitro fertilization treatment is the factor in boosting the in-vitro fertilization market in the Asia Pacific region.

Competitor Analysis

Companies include Thermo Fisher Scientific Inc., Cook Medical Inc., Progyny Inc., Vitrolife AB, LAF Technologies, ESCO Micro, Inter Medics, Ovascience Inc., Rocket Medical, Merck Inc., Genea Limited, Cooper Surgical, EMD Serono Inc., Others prominent players are the key players in the global in-vitro fertilization (IVF) devices market.

Key Stakeholders

Market research and consulting firms
Industry associations
Global IVF Devices market manufacturing firm
Local Governments
Regulatory bodies
Suppliers
Retailers

Recent Development

In 2022, Cook Medical announced that it would acquire the Cook Medical Reproductive Health business from The Cooper Companies, Inc.
In 2021, EMD Serono Launched New Fertility LifeLines™ Portal to Surge Support and Access for Patients Impacted by Infertility.
In 2021, Merck Inc. announced the acquisition of Acceleron Pharma Inc.
In 2018, Vitrolife AB received EmbryoScope regulatory approval in China, a time-lapse system used in assisted reproductive technology for undisturbed culture and improved embryo selection.

Scope of the Report

Report Attribute	Details
Market Size Value in 2021	USD 3.05 Billion
The revenue forecast in 2028	USD 9.22 Billion
Growth Rate	CAGR of 17.2% from 2022 to 2028
Historical data	2017 – 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Thermo Fisher Scientific Inc., Cook Medical Inc., Progyny Inc., Vitrolife AB, LAF Technologies, ESCO Micro, Inter Medics, Ovascience Inc., Rocket Medical, Merck Inc., Genea Limited, Cooper Surgical, EMD Serono Inc.

Market Modelling

By Product type

Instrument
- Sperm Separation System
- Cryosystems
- Incubators
- Ovum Aspiration Pumps
- Cabinets
- Micromanipulators
- Others
Accessory & Disposable
Reagent and Media
- Semen Processing Media
- Cryopreservation Media
- Ovum Processing Media
- Embryo Culture Media

By Technology

Donor Egg IVF
Fresh Embryo IVF
Frozen Embryo IVF

By End-User

Hospital
Fertility Clinic
Surgical Center
Clinical Research Institute

By Region

North America
Europe
Asia Pacific
South America
Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What is in-vitro fertilization (IVF) device?

In vitro fertilization is a procedure in which an egg cell is integrated with sperm outside the body. It is a type of assisted reproductive technology used to treat infertility during pregnancy and surrogacy.

What is the growth rate of the global in-vitro fertilization (IVF) device market?

The IVF Devices market size was valued at USD 3.05 Billion in 2021 and projected to reach USD 9.22 Billion by 2028, growing at a CAGR of 17.2% during the forecast period, 2022-2028.

Who are the key driving factors for the global in-vitro fertilization (IVF) device market?

The IVF Devices market is likely to grow significantly due to the tendency to delay pregnancy is generally increasing worldwide and Increasing demand for in-vitro fertilization.

Who are the major key players in the global in-vitro fertilization (IVF) device market?

Companies include Thermo Fisher Scientific Inc., Cook Medical Inc., Progyny Inc., Vitrolife AB, LAF Technologies, ESCO Micro, Inter Medics, Ovascience Inc., Rocket Medical, Merck Inc., Genea Limited, Cooper Surgical, EMD Serono Inc., Others prominent players in the global in-vitro fertilization (IVF) device market.

Which region is expected to have the largest share in the global in-vitro fertilization (IVF) device market?

The Asia Pacific region is expected to share the global in-vitro fertilization (IVF) device market.

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