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 of around USD 920.32 million by end of 2024, growing at a CAGR of around 8.40% between 2018 and 2024.
New York, NY, Sept. 04, 2018 (GLOBE NEWSWIRE) — 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 of around USD 920.32 million by end of 2024, growing at a CAGR of around 8.40% between 2018 and 2024.
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 ova or an ovum from the ovaries of the woman and then let the sperm fertilize them at the laboratory in the liquid medium. Around 10% of the 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.
Browse through 49 Tables & 29 Figures spread over 110 Pages and in-depth TOC on “Global In Vitro Fertilization (IVF) Market Size & Growth 2017 Report: Industry Share, Trends, and Forecast, 2024”.
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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 uppermost growth rate in the coming years owing to rising demand for egg preservation for later use.
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The Asia Pacific dominates the in vitro fertilization (IVF) market due to increasing accessibility and availability of healthcare facilities, rising research and development expenditure, rising prevalence of PCOS, and continuous growth in fertility tourism. The increasing awareness about advanced treatment option and increasing economic growth is expected to significantly contribute towards the high growth of the market in the region. Market growth is particularly expected in countries such as China, India, Japan, and other emerging countries. The fertility rate of Asia Pacific has declined in the past years. According to the United Nations, the fertility rate in the Asia Pacific was 4.1 in 1975-1980, 3.0 in 1990-1995, and 2.3 in 2005-2010. The percentage of declining fertility is around 26 from 1975-2010. The postponement of marriage and childbirth, uncertainty, post-modern materialistic views are few reasons behind the declining fertility in the region. The continuous decreasing fertility rate significantly increases the demand in vitro fertilization in the Asia Pacific, and hence the region is expected to register the highest CAGR over the coming years for global in vitro fertilization market. However, the high cost of in-vitro fertilization procedures may hamper the growth of in-vitro fertilization market in the Asia Pacific.
Europe is the second largest regional market and is expected to show significant growth in the years to come. The high success rate of in vitro fertilization, easy availability of treatment options, and easy affordability of treatment in Europe are significantly contributing towards the growth of the market in the region.
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North America market is projected to have significant CAGR in the global in vitro fertilization market. The growing acceptance of in-vitro fertilization in the U.S., existence of encouraging reimbursement policies, growing number of embryo banking centers, and a large number of infertility population are the key factors contributing towards the significant growth of IVF market in the region.
Latin America and the Middle East and Africa hold the least growth rate in comparison to other regions, due to low awareness about in vitro fertilization, lack of reimbursement policies, and unaffordable economic conditions in this region are responsible for restricting the growth of the market.
Browse the full “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” report at https://www.zionmarketresearch.com/report/in-vitro-fertilization-market
Some of the key players in the vitro fertilization (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.
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This report segments the global in vitro fertilization (IVF) market as follows:
Global In Vitro Fertilization (IVF) Market: Product Type Segment Analysis
- By Instruments
- Imaging system
- Ovum Aspiration Pump
- Micro Manipulator System
- Sperm Separation System
- Disposables and Accessories
- Reagent & Media
- Cryopreservation Media
- Ovum Processing Media
- Semen Processing Media
- Embryo Culture Media
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
Global In Vitro Fertilization (IVF) Market: Regional Segment Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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