Zion Market Research has published a new report titled “In Vitro Fertilization (IVF) Market by Product Type (Instruments [Cryosystem, Incubators, Imaging system, Ovum Aspiration Pump, Cabinet, Micro Manipulator System, Sperm Separation System, Disposables and Accessories, and Other Instruments] and Reagent & Media [Cryopreservation Media, Ovum Processing Media, Semen Processing Media, and Embryo Culture Media]); by Cycle Type (Fresh Donor IVF Cycles, Fresh Non-donor IVF Cycles, Frozen Donor IVF Cycles, and Frozen Non-donor IVF Cycles): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024 ”. According to the report, global in vitro fertilization (IVF) market was valued at approximately USD 523.57 million in 2017 and is expected to generate revenue from around USD 920.32 million by end of 2024, growing at a CAGR of around 8.40% between 2018 and 2024 .
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In vitro fertilization is a technique of fertilizing the egg by the sperm outside the body. The process consists of examining and triggering the ovulatory process of a woman, extracting the egg or an ovum from the ovaries of the woman and then letting the sperm fertilize them at the laboratory in the liquid medium. Around 10% of couples are affected by infertility. The decreasing fertility rate and delaying pregnancy are significantly enhancing the demand for in vitro fertilization globally. The average fertility rate goes below 2.5 children per women in recent years, whereas in the 19th century the average fertility rate was about 5-7 children per women. The fertility rate has halved in the last 50 years. The changing lifestyle pattern and transformation in societies, the number of children per woman has decreased significantly.
The in vitro fertilization (IVF) market is segmented on the basis of product type, cycle type, and by geography. Based on product type, the in vitro fertilization (IVF) market is segmented into instruments and reagent & media. The instruments segment is further sub-segmented into cryosystem, incubators, imaging system, ovum aspiration pump, cabinet, micromanipulator system, sperm separation system, disposables and accessories, and other instruments. The reagent & media segment is further segmented into cryopreservation media, ovum processing media, semen processing media, and embryo culture media. The embryo culture media segment is estimated to register a high revenue share in the global in vitro fertilization (IVF) market in 2017 and is expected to register significant growth over the coming years.
On the basis of the cycle type, the in vitro fertilization (IVF) market is segmented into fresh donor IVF cycles, fresh non-donor IVF cycles, frozen donor IVF cycles, and frozen non-donor IVF cycles. The fresh nondonor IVF cycle accounted for the highest share in the global in vitro fertilization (IVF) market and is expected to record significant growth over the forecast period. The improved embryo production, ease in implantation procedure, and higher success rate are the key factors contributing towards the high share of this segment in the global in vitro fertilization market. The frozen non-donor cycle segment is predictable to register the highest growth rate in the coming years owing to rising demand for egg preservation for later use.
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North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa are the key regional segments of the global in vitro fertilization (IVF) market. The Asia Pacific and Europe regions anticipate the leading regions over the forecast period. The growth of the market in this region can be attributed to increasing frequency of infertility in males and females due to lifestyle changes or genetically-related factors, increased success rates of in vitro fertilization, increasing accessibility of in vitro fertilization clinics, and the rising trend of fertility tourism.
Some of the key players in the IVF market include Cooper Surgical, Inc., Thermo Fisher Scientific, Vitrolife, Cook, Irvine Scientific, EMD Serono, Inc., Genea Limited, Esco Group, Rocket Medical Plc., Nidacon International. AB, Lotus Bio, Eppendorf AG, Okolab Srl, IKS International, Hunter Scientific Limited, Labotect GmbH, Olympus Corporation, and RI.MOS. Srl
This report segments the global in vitro fertilization (IVF) market as follows:
Global In Vitro Fertilization (IVF) Market: Product Type Segment Analysis
Ovum Aspiration Pump
Micro Manipulator System
Sperm Separation System
Disposables and Accessories
Reagent & Media
Ovum Processing Media
Semen Processing Media
Embryo Culture Media
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Global In Vitro Fertilization (IVF) Market: Cycle Type Segment Analysis
Fresh Donor IVF Cycles
Fresh Non-Donor IVF Cycles
Frozen Donor IVF Cycles
Frozen Non-Donor IVF Cycles