The global In Vitro Fertilization (IVF) market size is expected to reach USD 36.51 Billion at a steady revenue CAGR of 9.1% in 2028, according to latest analysis by Emergen Research. In vitro fertilization market revenue growth is due to rising infertility incidence, attributable to adoption of sedentary lifestyle and related conditions and diseases.
Expansion of fertility therapies to treat male infertility, such as Intracytoplasmic Sperm Injection (ICSI), is expected to have a positive impact on market growth. Provision of genomic testing to deter genetic disorder transfer through IVF usage is also projected to contribute to growth of the market.Policy measures to have fair insurance schemes, and ongoing fertility projects in the industry are driving growth of the market. Increase in IVF treatment has led to more insurance players covering these procedures. It has led directly to competitive rates and moderated the costs of IVF treatment, as the process is a successfully mastered technology.
The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors. The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments.
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Some Key Highlights from the Report
In August 2021, Merck Specialties Pvt ltd in India launched Pergoveris Pen for advanced infertility treatment in the country. The launch will emphasize Merck’s motive to fulfil unmet medical needs by offering ready-to-use, and improved treatment option for women with a Severe Luteinizing Hormone (LH) and Follicle-Stimulating Hormone (FSH) deficiency.
Reagent segment accounted for larger revenue share in 2020 due to increasing number of in vitro fertilization procedures. Increased demand for cryopreservation, embryo, and sperm preparation is driving revenue growth of this segment.
Frozen non-donor segment revenue is expected to register steady growth rate during the forecast period due to their established reliability and a higher success rate for pregnancy. The procedure cost is lower as compared to cycles which use fresh embryos and eggs. A frozen transfer is much simpler for both reproductive endocrinologist and patient. This procedure is also less mentally and physically stressful on a women’s body.
Fertility clinics pay a vital role in the healthcare systems, and are beneficial in aiding individuals and couples to recognize fertility problems and diagnose and get a proper solution. Specialized fertility clinics provide a wide range of treatment choices, from Intrauterine Insemination (IUI) to IVF, and freezing of egg.
In-vitro fertilization market in Europe accounted for largest revenue share in 2020 as the region is the first to remove the ‘experimental’ tag on cryopreservation of eggs. The choice to get pregnant after 30 or later by women in countries in Europe is creating steady demand for assisted reproductive technologies. High demand for such procedures in France, Germany, and the UK is also driving market revenue growth.
Some major players in the market include Vitrolife AB, CooperSurgical, Inc., Thermo Fisher Scientific Inc., The Baker Company, Inc., Kitazato Corporation, Cook Medical, Inc., Esco Micro Pte. Ltd., OvaScience, Boston IVF, and EMD Serono Inc.
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Radical Highlights of the In-Vitro Fertilization Market Report:
Comprehensive overview of the In-Vitro Fertilization market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and RD advancements on the In-Vitro Fertilization market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
Emergen Research has segmented the global In Vitro Fertilization (IVF) market on the basis of procedure, product, end-use, and region:
Procedure Outlook (Revenue, USD Billion; 2018-2028)
- Fresh Donor
- Fresh Non-Donor
- Frozen Donor
- Frozen Non-Donor
Product Outlook (Revenue, USD Billion; 2018-2028)
- Reagents
- Cryopreservation media
- Ovum processing media
- Embryo culture media
- Sperm processing media
- Equipment
- Sperm separation system
- Imaging system
- Cabinet
- Incubators
- Ovum aspiration pump
- Micro manipulation system
- Gas analyzer
- Accessories
- Anti-vibration tables
- Laser system
- Cryosystems
- Witness system
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals and Research Laboratories
- Fertility Clinics and Surgical Centers
- Cryobanks
The report considers the following timeline for market estimation:
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2020-2027
Highlights of the In-Vitro Fertilization Market Report:
This research report focuses on the In-Vitro Fertilization Market overview, market share, demand and supply ratio, and import/export details, supply chain analysis, and others.
The report includes different approaches and procedures used by established market players for efficient business decisions.
The report offers detailed information regarding the production value, strategies adopted by the key market players, their products/services offerings, and many more.
Read More: https://www.emergenresearch.com/industry-report/in-vitro-fertilization-market
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