In Vitro Fertilization Market Size, Application and Growth Analysis By Devices (Imaging Systems, Sperm Separation System, Ovum Aspiration Pump, Micromanipulator, Cryosystem) Type (Intrauterine Insemination, Intracytoplasmic Sperm Injection, IVF Using Donor Eggs), Reagents (Embryo Culture Media, Cryopreservation Media, Sperm Processing Media, Ovum Processing Media), Key Players and Regional Insights, Forecast to 2023
Global In Vitro Fertilization (IVF) Market size and share is projected to reach USD 12714.4 million by 2023. In vitro fertilization is the process of artificially bringing about pregnancy in a couple who are unable to conceive by natural means, for whatever reason. The growing prevalence of infertility problems around the world is likely to be a major driver for the global in vitro fertilization market over the forecast period. In vitro fertilization market is expected to witness significant growth owing to rising prevalence of lifestyle factors such as sedentary lifestyles and smoking has led to an increase in the prevalence of infertility conditions over the last few decades.
The report presents the global in vitro fertilization market’s historical trajectory in the form of figures and statistics, while the report also provides readers with solid projections about the market’s likely growth trajectory over the forecast period. The leading segments and key players in the global in vitro fertilization market are also profiled in the report in order to provide readers with a detailed picture of the market’s internal landscape.
Government support to the in vitro fertilization market in developed regions such as the U.S. and Europe has been vital for the market’s growth. The establishment of proper regulatory protocols has resulted in the easy availability of in vitro fertilization procedures across regions such as North America and Europe. The socioeconomic factors in these regions are driving a drop-in birth rates and a desire to wait for longer before having a child. Trends such as these are likely to drive the in vitro fertilization market over the forecast period. The increasing social acceptance of artificial fertilization technology in developing regions is also likely to be a key driver for the global in vitro fertilization market over the forecast period. Costa Rican Social Security Fund invested USD 2.3 million in a new in vitro fertilization center.
In Vitro Fertilization (IVF) Market Competitive Analysis:
Leading players in the global in vitro fertilization market include Cooper Surgical Fertility, Oxford Gene Technology, INVO Bioscience, Genea Limited, Vitrolife, Irvine Scientific, Thermo Fisher Scientific, Merck KGaA, and Cook Medical.
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In Vitro Fertilization (IVF) Market Segmentation:
The global in vitro fertilization market is segmented based on product, type, end user, and region in the report.
By product, the global in vitro fertilization market is segmented into devices and reagents, with the devices segment being further sub-segmented into imaging systems, sperm separation systems, ovum aspiration pumps, cero systems, and micromanipulators, and the reagents segment being subdivided into embryo culture media, cryopreservation media, sperm processing media, and ovum processing media.
By type, the global in vitro fertilization market is segmented into intrauterine insemination, in vitro fertilization, intracytoplasmic sperm injection, and IVF using donor eggs.
By end user, the global in vitro fertilization market is segmented into fertility clinics, hospitals, and clinical research centers.
In Vitro Fertilization (IVF) Market Regional Analysis:
Regionally, the global in vitro fertilization market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
North America and Europe are likely to be the major regional segments of the global in vitro fertilization market over the forecast period due to the rapid adoption of IVF procedures in these highly advanced regions. The increasing ease of availing in vitro fertilization procedures is also likely to be one of the major drivers for the market in these regions over the forecast period. The growing healthcare sector in these regions is likely to further drive the in vitro fertilization market over the forecast period, as increasing investment is likely to be made in the field. The increasing age of motherhood in these regions is also likely to be a major driver for the global in vitro fertilization market over the forecast period.
Emerging economies in Asia Pacific, Latin America, and the Middle East and Africa have lagged behind the developed global superpowers when it comes to the growth of the in vitro fertilization market but are likely to make steady progress in the coming years. The increasing acceptance of in vitro fertilization by the societies in these regions is likely to be vital in the growth of the global in vitro fertilization market over the forecast period.
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Table of Content
- Report Prologue
- Market Introduction
- Research Methodology
- Market Factor Analysis
- Global Market of In Vitro Fertilization (IVF), by Product
- Global Market of In Vitro Fertilization (IVF), by Type
- Global Market of In Vitro Fertilization (IVF), by End-User
- Global Market of In Vitro Fertilization (IVF), by Region
- Competitive Landscape
- Company Profiles
- Appendix
- List of Tables
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