The Global In-Vitro Fertilization Market was valued at USD 14.9 Bn in 2020 and is estimated to reach USD 26.2 Bn by 2027, growing at a CAGR of 8.6% during the forecast period.
In-Vitro Fertilization Market Definition
The In-Vitro Fertilization (IVF) is most effective reproductive technology. During this procedure, the mature eggs are retrieved or collected form the mother and fertilized by the sperms in-vitro. This procedure involves continuous stimulating and monitoring person’s ovulatory process until the stage of formation of embryo. This embryo can be later stored or transferred to women uterus.
In-Vitro Fertilization Market Dynamics
Due to rising cases of infertility among the male and female population, there is an increase in rate of in-vitro fertilization. However, this is considerably a major factor propelling the in-vitro fertilization market. Increasing adoption of unhealthy lifestyle such as consumption of fast-food, alcohol, smoking habits due to which the cases of infertility among the population rises. Increasing adoption of in-vitro fertilization among the obese population due to rising miscarriage rate, reduction in pregnancy rate that decrease the live birth rate among over-weighted people is the driving factor influencing the growth of the global in-vitro fertilization industry. For instance, as per the survey conducted by the New Medical Life-Sciences, in April 2021, across the globe, among 4 women, at-least 1 women is suffering from obesity disorder that reduces the rate of successful pregnancy in natural conceptional cycle. Due to these fueling factors, the adoption of in-vitro fertilization techniques increases the growth of global in-vitro fertilization industry.
The Global In-Vitro Fertilization Market Segmentation:
By Products
Instruments
Reagents & Media
Disposable/Accessories
By Procedure Type
By Donor Type
By End- Users
By Region
Company Profiles and Competitive Intelligence
The key players operating in the in-vitro fertilization market are:
Based on products, instruments segment holds the largest market share over the forecast period due to introduction of advance technology in instruments that are used for in-vitro fertilization
Based on the products, the global in-vitro fertilization (IVF) industry has been segmented into instruments, reagents & media, and disposable/ accessories. Further the instruments segment is sub-segmented into sperm analyzer systems, ovum aspiration pumps, micromanipulator systems, incubators, cryo-systems, sperm separation devices, IVF cabinets, anti-vibration tables, and other instruments. The instruments segment is expected to hold the highest market share during the forecast period. This is due to increasing adoption of in-vitro fertilization procedures among the population which is the propelling factor for growth of this segment. The advancement in IVF instruments manufacturing by the major key-players that boosts the in-vitro fertilization industry.
However, the reagent & media segment is estimated to project the fastest growing segment over the forecast period. Further, the reagent & media segment is bifurcated into cryopreservation media, ovum processing media, embryo culture media, sperm processing media, and chemicals. Increasing funding by the key-players for the research activity for enhancement of the culture media is the fuelling factor for fastest growth of the reagent & media segment over the forecast period.
Based on procedure type, in-vitro fertilization with ICSI segment holds the highest share of the in-vitro fertilization market during the forecast period due to more successful rate of fertilization by (Intracytoplasmic Sperm Injection) ICSI procedure
Based on procedure type, the global in-vitro fertilization market is divided into conventional in-vitro fertilization and in-vitro fertilization with ICSI. The in-vitro fertilization with (Intracytoplasmic Sperm Injection) ICSI segment holds the largest share of the in-vitro fertilization industry over the forecast period owing to increasing utilization of ICSI procedure by the maximum number of patients. The fertilization rate improves by ICSI procedure and risk of abnormality in baby is very low which are boosting factors for growth of ICSI procedure type.
Based on end users, fertility & surgical centers segment holds the highest share of the in-vitro fertilization market during the forecast period due to international healthcare professionals are establishing fertility centers
Based on end-users, the in-vitro fertilization market is divided into hospitals labs, research labs, fertility & surgical centers, and cryo-banks. The fertility & surgical centers segment is projected to hold the largest share of the in-vitro fertilization industry over the forecast period. This is due to increasing popularity of ICSI procedures and in-vitro fertilization globally are the factors that are responsible for the rapid growth of this segment during the forecast period. Increasing preference towards the fertility & surgical centers in order to avoid the hospital acquired infections during the in-vitro fertilization procedure is the fuelling factor for the growth of fertility & surgical centers segment.
Based on region, Asia Pacific estimated to grow at the fastest rate during the forecast period
Asia pacific is expected to grow at the fastest rate over the forecast period. This is due to increasing medical tourism in Asia- pacific and rising awareness related to the in-vitro fertilization techniques are the fuelling factor for the growth of in-vitro fertilization industry in this region. Increasing demand for in-vitro fertilization due to rising fertility clinics and expenditure costs in this region drives the in-vitro fertilization industry growth.
The report also provides an in-depth analysis of the global in-vitro fertilization market dynamics such as drivers, restraints, opportunities, and challenges
Drivers
Restraints
Opportunities
Challenges
COVID-19 Impact on the Global In-Vitro Fertilization Market
During COVID- 19, the demand for in-vitro fertilization procedures declines due to most of the hospitals turned into COVID-19 centers to treat COVID patients. Moreover, during the lockdown IVF centers terminate the IVF procedures to control the spread of COVID-19. All over the world, the repro-tourism for fertilization procedures reduces significantly due to restriction on travelling during this pandemic. In October 2020, according to a survey conducted by the American Society of Reproductive Medicines, about 62% of population among the survey could have undergone IVF treatment after the fertility centers resume. Therefore, outbreak of COVID-19 has hampered the growth of in-vitro fertilization industry.
The report also provides an in-depth analysis of key trends in global in-vitro fertilization market
| Sr. No. | Trends | Impact |
| 1 | Increasing trend towards donating the embryo by the young population for the research and development of advanced in-vitro fertilization techniques | Positive |
| 2 | Rising awareness about preservation of oocytes by most of the women in their 20’s or 30’s due to the probability of postponing pregnancy until they feel comfortable | Positive |
The report also provides an in-depth analysis of recent news developments and investments
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