Report Id: SNS/HC/1053 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
The In Vitro Fertilization (IVF) Service market is projected to hit USD 1163 million by 2028 from USD 640 million in 2021, at a CAGR of 8.9% from 2022 to 2028. The key variables driving the development of this market remember an increment for the middle period of first-time moms, declining ripeness rates, rising male barrenness, ascend in corpulence rate and developing utilization of liquor, and more prominent public mindfulness about fruitlessness and the accessibility of treatment choices. Be that as it may, the significant expense and low achievement pace of IVF treatment and prohibitive guidelines and moral worries are supposed to limit the development of the IVF market somewhat.
Additionally, to zero in on their vocation, numerous ladies freeze their eggs to have the youngster at a later stage. The rising reliance on fruitful medicines will uphold market development. Accessibility of assets is prompting an ascent in the reception of IVF systems. To expand the achievement pace of IVF, procedures like Testicular Sperm Extraction (PESA and TESE), are being presented alongside the improvement of new items. In June 2018, an Australian researcher fostered an Artificial Intelligence (AI) device called Ivy for the recognizable proof of an incipient organism with the most obvious opportunity with regards to pregnancy. PICSI (Physiological Intra-cytoplasmic Sperm Injection) is one of the procedures of sperm choice and is suggested for couples with a background marked by premature deliveries, low undeveloped organism quality, and low richness. Such advancements assist with expanding the achievement pace of IVF pregnancies.
Coronavirus Impact on the global In Vitro Fertilization (IVF) Service Market
The coronavirus pandemic hurt the overall suspension of in vitro preparation treatment; Coronavirus affected ladies going through IVF systems. In India, 30 lakh individuals look for IVF consistently, in any case, just 5 lakh individuals go through IVF/intrauterine insemination (IUI) methodology. During the COVID-19 pandemic, a 90% drop was seen in the number of individuals going through IVF cycles. The spread of COVID-19 has not just affected richness centers inferable from the undoing of IVF medicines yet has additionally affected ripeness choices among couples who had settled on IVF treatment before the pandemic.
Growth in the middle period of first-time moms
Throughout the long term, the middle period of first-time moms has expanded fundamentally across the globe. This pattern can generally be credited to working on preventative methods, late relationships, and the developing number of ladies focusing on their vocations over beginning a family. As per the information distributed by the Australian Institute of Health and Welfare 2021, in Australia, the typical period of first-time moms expanded from 27.9 years in 2009 to 31.9 years in 2019. With the middle age for first-time moms expanding, a developing number of ladies are supposed to confront troubles in considering normally. In this situation, a rising number of ladies are compelled to select IVF medicines; this is supposed to drive the development of the IVF market before very long.
Significant expenses related to IVF methods
More than 2.5 million In vitro preparation (IVF) cycles are played out consistently around the world. The expense of IVF treatment changes from one country to another because of the absence of repayment strategies. An absence of protection inclusion and the unfortunate repayment situation in certain areas of the planet are restricting the development of this market.
Increasing Medical Tourism in Emerging Nations
The clinical travel industry in arising nations is flourishing attributable to various variables. Brazil has ~150 focuses offering barrenness therapies and north of 20 clinical focuses [Source: Fertility Treatment Abroad]. A normal IVF cycle in the US costs around USD 12,000, though in Brazil, the equivalent can be finished in USD 4,000. With in excess of 500 individual IVF focuses, India is quite possibly the most reasonable objective for in vitro preparation (IVF) and other fruitless medicines around the world. Medical services therapies cost up to 90% less in India when contrasted with the USA common IVF cycle in the US costs around USD 12,000, while in India, the equivalent can be finished in USD 2,000-USD 3,000.
Reducing efficacy of infertility treatment among patients with advancing age
The changing social situation has brought about a rising number of more seasoned ladies looking for help from barrenness centers. The gamble of difficulties in pregnancy and labor likewise increments with age. A lady matured 35 or above is 2.5 times more inclined to have unsuccessful labor or stillbirth than a lady matured under 35, while a lady matured over 40 is in excess of multiple times inclined to have a premature delivery or stillbirth than a lady under 35 years old. The declining achievement paces of IVF treatment methodology in patients with propelling age has become one of the significant tests for the IVF market.
The equipment to capture the largest share in vitro fertilization market, by-products during the forecast period.
The gear fragment is supposed to observe the most elevated development rate during the estimated time frame. The high development in this owes to the rising number of IVF techniques and the presentation of profoundly progressed IVF gear by deep-rooted makers on the lookout.
The fresh non-donor segment to capture the largest market share of in vitro fertilization market, by the type of cycle in 2021.
The new non-contributor section caught the biggest portion of the In Vitro Fertilization (IVF) Service market cycles during the estimated time frame. High achievement rates, ease in the implantation cycle, and improved incipient organism creation are answerable for the huge portion of this fragment. The IVF with ICSI segment registered the highest growth rate in the in vitro fertilization market, by type, in 2021.
The IVF with ICSI portion enlisted the most elevated development pace of the In Vitro Fertilization (IVF) Service market. The achievement pace of treatment with ICSI method, and the developing usage of the ICSI during IVF strategy are expected to help the reception of IVF with ICSI systems, speeding up the development of the section during the conjecture time frame.
The fertility clinics segment accounted for the largest share of the in vitro fertilization market, by end-user, in 2021
The rising government drives to layout richness facilities drives taken by enormous global medical care suppliers to layout ripeness communities, developing notoriety of IVF and ICSI therapy universally are a portion of the elements liable to contribute towards the quick development of the section.
Asia Pacific is the largest regional market for in vitro fertilization market
Asia Pacific overwhelms the In Vitro Fertilization (IVF) Service market. Critical ascent in the clinical travel industry, Increase in the attention to the accessibility of in vitro preparation methodology, decreased IVF treatment strategies, developing fruitfulness facilities in the locale, rising medical services uses, and developing reception of helped conceptive innovation in the arising countries.
The unmistakable players working in the global In Vitro Fertilization (IVF) Service market incorporate The Cooper Companies Inc., Cook Group, Vitrolife, Thermo Fisher Scientific, Inc., Esco Micro Pte. Ltd., Genea Limited, IVFtech ApS, FUJIFILM Irvine Scientific, The Baker Company Inc., Kitazato Corporation, Corning Corporation, Hamilton Thorne Ltd., ZEISS Group, FERTIPRO N, and Eppendorf.
Clinical research institute
By Cycle Type
Fresh IVF Cycles (Non-Donor)
Thawed IVF Cycles (Non-Donor)
Donor Egg IVF Cycle
Frozen Non-donor IVF Cycles
Frozen Donor IVF Cycles
Sperm Analyzer Syate
Ovum Aspiration Pumps
Sperm Separation Devices
Reagents & Media
Sperm Processing Media
Ovum Processing Media
Embryo Culture Media
IVF with ICSI
IVF with Donar Eggs
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 640 Million|
|Market Size by 2028||US$ 1163 Million|
|CAGR||CAGR of 8.9% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By End User (Fertility Clinics, Hospitals, Surgical centers, Clinical research institute, Cryobanks)
• By Cycle Type (Fresh IVF Cycles, Thawed IVF Cycles, Donor Egg IVF Cycle, Frozen Non-donor IVF Cycles, Frozen Donor IVF Cycles)
• By Type (Conventional IVF, IVF with ICSI, IVF with Donar Eggs, Others)
• By Product
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Vitro Fertilization (IVF) Service market incorporate The Cooper Companies Inc., Cook Group, Vitrolife, Thermo Fisher Scientific, Inc., Esco Micro Pte. Ltd., Genea Limited, IVFtech ApS, FUJIFILM Irvine Scientific, The Baker Company Inc., Kitazato Corporation, Corning Corporation, Hamilton Thorne Ltd., ZEISS Group, FERTIPRO N, and Eppendorf.|
Frequently Asked Questions (FAQ) :
Ans. Manufacturer and service provider, research institutes, university and private libraries, suppliers and distributers.
Ans. Manufacturer and service provider, research institutes, university and private libraries, suppliers and distributers.
Ans. The report is divided into two segments: By Cycle type and By End User.
Ans. Some of the main drivers are as the age between first and foremost mothers is growing, Fertility decreases, the number of fertility clinics in the world is growing.
Ans. Asia Pacific is the largest market in In Vitro Fertilization (IVF) Service Market.
Ans. In Vitro Fertilization (IVF) Service Market size was valued at USD 638million of 2021, and grow at a CAGR of 9.1% over the forecast period of 2022 to 2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine ware
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. In Vitro Fertilization (IVF) Service Market Segmentation, By Cycle Type
8.1 Fresh IVF Cycles (Non-Donor)
8.2 Thawed IVF Cycles (Non-Donor)
8.3 Donor Egg IVF Cycle
9. In Vitro Fertilization (IVF) Service Market Segmentation, By Product
9.1.1 Sperm Analyzer Syate
9.1.2 Imaging System
9.1.3 Ovum Aspiration Pumps
9.1.5 Micromanipulator Systems
9.1.6 Laser system
9.1.7 Gas Analyzer
9.1.8 Sperm Separation Devices
9.1.10 IVF Cabinets
9.1.12 Witness Systems
9.1.13 Anti-Vibration Tables
9.1.14 Other Equipments
9.2 Reagents & Media
9.2.1 Cryopreservation Media
9.2.2 Sperm Processing Media
9.2.3 Ovum Processing Media
9.2.4 Embryo Culture Media
10. In Vitro Fertilization (IVF) Service Market Segmentation, By Type
10.1 Conventional IVF
10.2 IVF with ICSI
10.3 IVF with Donar Eggs
11. In Vitro Fertilization (IVF) Service Market Segmentation, By End User
11.1 Fertility Clinics
11.3 Surgical centers
11.4 Clinical research institute
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Cooper Companies Inc.
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Cook Group (US)
13.4 Thermo Fisher Scientific, Inc.
13.5 Esco Micro Pte. Ltd.
13.6 Genea Limited
13.7 IVFtech ApS
13.8 FUJIFILM Irvine Scientific
13.9 Kitazato Corporation
13.10 Corning Corporation
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
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