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In Vitro Fertilization Market Outlook

The in vitro fertilization market is projected to attain a valuation of US$ 819.8 million in 2024. It is estimated to witness a CAGR of 9% from 2024 to 2034. The industry is set to reach US$ 1,940.8 million by 2034 on the back of high incidence of infertility.

Attributes Details
Valuation for 2024 US$ 819.8 million
Valuation for 2034 US$ 1,940.8 million
CAGR from 2024 to 2034 9%

According to the Australian Institute of Health and Welfare 2021’s data, the age of new mothers boosted from 27.9 years in 2009 to 31.9 years in 2019. The age for new moms rising beyond their peak fertility period leads to them facing troubles in conceiving inherently.

Another key influence comes with the advent of fertilization tourism. With the strengthened demand for in vitro fertilization (IVF), many emerging economies like India, Brazil, Mexico, and Ukraine give treatments at a cost-effective product.

For example, the IVF treatment prices in the United States are between US$ 15,000 and 20,000, whereas in India, the cost ranges from US$ 3,000 to US$ 4,000. The cost difference booms the repro tourism. Brazil has experienced an amplification in repro tourism in recent years.

Demand for in vitro fertilization (IVF) services fluctuates from couples to semen and eggs imported. Countries like Greece, the United States, and Russia also employ surrogacy services. This factor flourishes the in vitro fertilization market growth.

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Historical V.s Forecast Demand Outlook

Attributes Details
Valuation for 2019 US$ 465.6 million
Valuation for 2023 US$ 1746 million
HCAGR from 2019 to 2023 9.9%

From 2019 to 2023, demand for IVF solutions increased at a CAGR of 9.9%. Rising stress levels among couples with the outbreak of the COVID-19 pandemic back in 2019, led to high risks of infertility. It encouraged them to opt for IVF solutions to conceive.

A study published in 2022 by the National Library of Medicine found that the ovary was vulnerable to coronavirus infection. However, neither the COVID-19 infection nor the vaccine had a negative effect on IVF results. Hence, the industry grew at a fast pace in the historical period.

In the forecast period 2024 to 2034, the industry is projected to witness 9% CAGR, a little lesser than the historical CAGR. Growth is anticipated to be pushed by the development of novel technologies, including embryoscope, cryopreservation, laser assisted hatching, and preimplantation genetic screening. High disposable income of millennials has encouraged them to invest in premium healthcare services like the ones mentioned above.

Comparative View of Adjacent Industries

The cryopreservation for the in-vitro fertilization sector and the donor egg IVF (in-vitro fertilization) sector have both been studied. The information depicts the projected growth of the in vitro fertilization industry from 2024 to 2034 with regard to other sectors. It showcases the potential for revenue in the additional industries shown below.

In Vitro Fertilization Market:

Attributes IVF Market
Value-based CAGR (2024 to 2034) 9%
Growth Factor The proliferating adoption of in vitro fertilization procedures escalates the growth.
Trend Technological breakthroughs enhance the success rates, amplifying the adoption of in vitro fertilization.
Restraint The high cost linked with in vitro fertilization therapies acts as a deterrent to sales.

Cryopreservation for In-vitro Fertilization (IVF) Industry:

Attributes Cryopreservation for In-vitro Fertilization Sector
Value-based CAGR (2024 to 2034) 10.6%
Growth Factor The improving knowledge regarding the adoption of cryopreservation for fertility preservation surges the industry's growth.
Trend The inclination towards single embryo transfer spurs the demand for cryopreservation for IVF.
Restraint The constrained recognition of cryopreservation alternatives inhibits the sector expansion.

Donor Egg IVF (In-vitro Fertilization) Industry:

Attributes Donor Egg IVF (In-Vitro Fertilization) Sector
Value-based CAGR (2024 to 2034) 7.9%
Growth Factor The accelerating perception regarding donor egg IVF as an ideal alternative for older women booms the growth.
Trend The move of patients toward elective single embryo transfer augments the donor egg in-vitro fertilization demand.
Restraint Legal intricacies and fluctuating rules concerning egg donation hinder the donor egg IVF sales.
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Category-wise Outlook

The segmented in vitro fertilization market analysis is encompassed in the ensuing subsection. Based on a comprehensive review, the equipment segment is ruling the product type category. Correspondingly, the fresh non-donor cycle segment is spearheading the cycle category.

Cornerstones of In Vitro Fertilization Equipment's Precedence

Segment Equipment
Share (2024) 44.2%

The equipment sector acquires a significant share through 2034 and aids the ascendency during the forecast period, according to the global in vitro fertilization market. Their amplifying adoption characterizes this during and after IVF therapies.

The innovations in semen analysis techniques and the swift expansion of the embryo incubator market intensify the share of the equipment segment from the forecast period. As clinics seek pre-eminence in patient care and results, the credence of refined equipment is predominant, boosting sales.

Fresh Non-donor Cycle Acquires the Pinnacle Position in the Market

The fresh non-donor cycle segment emerges as the segment in the global in vitro fertilization market, accounting for a considerable revenue share through 2034. This segment takes precedence over the others because of its high success rate, better birth rates compared with frozen embryos, and simpler implantation.

The soaring adoption of fresh non-donor cycles, in accordance with the global prevalence of infertility, is an impetus to this segment. The popularity of the fresh non-donor cycle retains its supremacy between 2024 and 2034.

Segment Fresh Non-donor Cycle
Share (2024) 38.6%

The frozen non-donor segment witnessed accelerated growth in the forecast period. This growth is because of higher pregnancy rates from frozen transfers at lower prices. The frozen non-donor cycle segment also imparts better efficiency for patients as well as endocrinologists. The frozen cycle segment stresses less physical and mental health, propelling the growth of this segment in the future.

Country-wise Analysis

The in vitro fertilization (IVF) industry can be observed in the subsequent tables, which focus on the leading regions in North America, Europe, and Asia Pacific. A comprehensive evaluation demonstrates that Asia Pacific has significant potential for the in vitro fertilization market.

Trend Analysis of In Vitro Fertilization in North America

Technological developments and the appearance of an entrenched healthcare configuration aid the sturdy growth of the in vitro fertilization market

Countries CAGR (2024 to 2034)
Canada 11%
United States 8%

Dynamic Landscape of the IVF Market in the United States

The administrative reform and insurance coverage enhancements are ushering accessibility and encouraging the expansion of IVF adoption in the United States. The changes in societal trends, like late childbirth and spurring infertility rates, propel the demand for in vitro fertilization services in the United States.

Momentum of the IVF Market in Canada

The in vitro fertilization market in Canada is indicated by an increased focus on comprehensiveness and accessibility, with endeavors to cater to the imbalance in avenues to fertility therapies. The geographical differences in medical administration and easy usage are obstacles to the distribution chain of in vitro fertilization in Canada.

The promoting realization of fertility preservation alternatives and the escalating consumption of elective egg freezing transforms the demand for the in vitro fertilization (IVF)sector in Canada.

Analytics for IVF Segment in Europe

With a progressive medical structure and superior expertise, Spain lures numerous foreign patients to find demand for in vitro fertilization (IVF) treatment.

Countries CAGR (2024 to 2034)
Spain 13.5%
Italy 12 %
France 10.8%
United Kingdom 9.8%
Germany 9%

Insights into the IVF Journey Towards Expansion in Spain

The cultural move towards late parenthood boosts a spur in the adoption of IVF services in Spain, demonstrating shifting societal standards. The medical centers in Spain concentrate on tailored care and breakthrough procedures, assisting the reputation as a dominant destination for fertility tourism.

Tracking the Evolving Fertility Infrastructure in Italy

Cultural determinants, like resilient family values and religious impacts, affect the awareness of IVF in Italy, transforming patient choices and treatment methods. Technological innovations and emphasizing on research facilitate demand for in vitro fertilization (IVF)clinics in Italy to remain at the core of innovation, thrusting ongoing advancements in success rates.

The advent of specialized fertility clinics gratifies the shifting requirements of Italian couples, dispensing customized services and complete support.

In Vitro Fertilization Ecosystem in France

Government incentives and insurance scope make IVF procurable in France, supporting higher adoption rates and stimulating a compassionate environment for people on fertility therapies. The IVF clinics of France put forward thorough care, assimilating psychological assistance and integral treatments to address the emotional element of infertility. These factors promote the in vitro fertilization market growth in France.

Insights on In Vitro Fertilization Sector in Asia Pacific

Government strategies facilitating reproductive health and soothing the one-child policy advance the adoption of in vitro fertilization techniques in China.

Countries CAGR (2024 to 2034)
China 16.8%
Japan 12.5%
Australia & New Zealand 12%
India 9.7%

Population Dynamics Promote the IVF Sector in China

The escalating disposable income and shifting way of life encourage the demand for IVF in China. The presence of a wide population base and encouraging medical administration are catalysts promoting the growth of the in vitro fertilization market in China.

Government Assistance Augment the Adoption of IVF in Japan

Cultural determinants like pressure from society to conceive and the humiliation around infertility thrust couples towards looking at IVF therapies in Japan. The technical innovations and a high standard of medical care infrastructure encourage Japan's position as a spearheading in vitro fertilization market in the Asia Pacific.

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Competitive Analysis

Major in vitro fertilization vendors invest in research and development to broaden their product portfolio, which assists the industry growth. The IVF providers are taking an assortment of strategic plans to expand their global presence, with key sector advancements like novel product introduction, partnership agreements, mergers and acquisitions, surged investments, and alliances with other firms.

The in vitro fertilization providers provide economical items to widen and endure in a progressively competitive and escalating market scenario. A primary business approach used by vendors to aid clients and magnify the sector is to produce regionally to curb production prices. The in vitro fertilization market has equipped medicine with some noteworthy advantages during the forecast period.

Key Developments in the In Vitro Fertilization Market

Date and Approach Industry Development
June 2023, New Product Launch The launch of United States-based MilliporeSigma's novel CellToxTM Assay Platform was declared. The platform comprises a collection of IVF tests to check the security of products and medicines.
May 2023, New Product Launch WuXi AppTec was introduced in China and its in vitro toxicant abilities were proliferated. Analysis was included as a segment of the expansion and a novel service for making customized in vitro assays is to be declared.
April 2023, Acquisition Thermo Fisher Scientific Inc., based in the United States, acquired CooperSurgical, a dominant IVF provider. This purchase considerably strengthened Thermo Fisher's share in the IVF industry, improving its competition.
March 2023, Product Approval Sweden-based Vitrolife published that it received FDA approval on its Cryotop vitrification equipment. It is an innovative procedure for vitrifying embryos.

Prominent In Vitro Fertilization Providers

  • Vitrolife
  • Thermo Fisher Scientific Inc.
  • Cook Group
  • IVFtech ApS
  • Esco Micro
  • Genea Limited
  • Fujifilm Irvine Scientific
  • The Baker Company
  • Kitazato Corporation

Key Segments

By Product:

The market is classified based on equipment, reagents & media, and accessories.

By Cycle:

The segment is categorized based on fresh non-donor cycle, frozen non-donor IVF cycle, frozen donor IVF cycle, and fresh donor IVF cycle.

By End-user:

The report consists of key end-users based on fertility clinics, hospitals & surgical centers, and cryobank & research institutes.

By Type:

The market is classified into conventional IVF, IVF with ICSI, and IVF with donor eggs.

By Region:

Analysis of the in vitro fertilization market has been carried out in key countries of North America, Latin America, Middle East and Africa, Asia Pacific, and Europe.

Frequently Asked Questions

What is IVF Industry Valuation?

Sales are likely to record a valuation of US$ 819.8 million in 2024.

What is the Sales Analysis by 2034?

Demand to convert to revenue worth US$ 1,940.8 million by 2034.

What is the Growth Potential of the IVF Industry?

The revenue growth exhibits a CAGR of 9% through 2034.

What Was the Historical Outlook of the Sector?

From 2019 to 2023, the sector accelerated at HCAGR of 9.9%.

Which Vehicle Type Segment to Dominate in the IVF Industry?

The equipment sector garners a share of 44.2% in 2024.

Which Powertrain Segment to Lead the In Vitro Fertilization Market?

The fresh non-donor cycle sector is likely to hold a share of 38.6% in 2024.

Table of Content

1. Executive Summary

2. Industry Introduction, including Taxonomy and Market Definition

3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments

4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections

5. Pricing Analysis

6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034

    6.1. Product

    6.2. Cycle

    6.3. End User

    6.4. Type

7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product

    7.1. Equipment

    7.2. Reagents and Media

    7.3. Accessories

8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Cycle

    8.1. Fresh Non-donor Cycle

    8.2. Frozen Non-donor IVF Cycle

    8.3. Frozen Donor IVF Cycle

    8.4. Fresh Donor IVF Cycle

9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User

    9.1. Fertility Clinics

    9.2. Hospitals & Surgical Centers

    9.3. Cryobank and Research Institutes

10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type

    10.1. Conventional IVF

    10.2. IVF with ICSI

    10.3. IVF with Donor Eggs

11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region

    11.1. North America

    11.2. Latin America

    11.3. Western Europe

    11.4. South Asia

    11.5. East Asia

    11.6. Eastern Europe

    11.7. Middle East & Africa

12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

15. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

17. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

18. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

19. Sales Forecast 2024 to 2034 by Product, Cycle, End User, and Type for 30 Countries

20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard

21. Company Profile

    21.1. Vitrolife

    21.2. Thermo Fisher Scientific Inc

    21.3. Cook Group

    21.4. IVFtech ApS

    21.5. Esco Micro

    21.6. Genea Limited

    21.7. Fujifilm Irvine Scientific

    21.8. The Baker Company

    21.9. Kitazato Corporation

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