The in vitro fertilization (ivf) devices and consumables global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
In Vitro Fertilization (IVF) Devices And Consumables Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The in vitro fertilization (IVF) devices and consumables market size has grown rapidly in recent years. It will grow from $2.29 billion in 2023 to $2.66 billion in 2024 at a compound annual growth rate (CAGR) of 16.2%. The growth in the historic period can be attributed to increasing infertility rates, growing awareness and acceptance of in vitro fertilization (IVF) treatments, rising number of gamete donations, increasing government support and funding for infertility treatment, and increasing delayed pregnancies.
The in vitro fertilization (IVF) devices and consumables market size is expected to see rapid growth in the next few years. It will grow to $4.88 billion in 2028 at a compound annual growth rate (CAGR) of 16.4%. The growth in the forecast period can be attributed to the rise in adoption of minimally invasive procedures, expanding healthcare infrastructure, increasing expansions of fertility clinics, increasing adoption of personalized and precision medicine approaches in reproductive health, and rising disposable incomes. Major trends in the forecast period include the integration of artificial intelligence and machine learning, the development of innovative in vitro fertilization (IVF) consumables and devices, advancements in vitro fertilization (IVF) technology, such as preimplantation genetic testing and cryopreservation methods, advanced treatments for infertility, and advanced genetic screening.
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Scope Of In Vitro Fertilization (IVF) Devices And Consumables Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
In Vitro Fertilization (IVF) Devices And Consumables Market Overview
Market Drivers –
The increasing infertility rates are expected to propel the growth of the in vitro fertilization (IVF) devices and consumables market going forward. Infertility is the inability to conceive after one year of regular, unprotected intercourse or the inability to carry a pregnancy to term. The rise in infertility rate is due to lifestyle changes, delayed pregnancies, and rising stress levels. IVF devices and consumables are used in assisted reproductive technologies to aid in the fertilization process, including equipment for egg retrieval, embryo culture, and embryo transfer, addressing infertility issues by facilitating successful conception and pregnancy. For instance, in April 2023, according to the World Health Organization (WHO), a Switzerland-based United Nations agency working to promote health, keep the world safe, and serve the vulnerable, approximately 17.5% of the global adult population, or about 1 in 6 people, experience infertility at some point in their lives. Further, in the U.S., around 11% of women and 9% of men of childbearing age are reported to face infertility. Specifically, about 19% of heterosexual women aged 15 to 49 who have never given birth encounter infertility, while 6% of married women in this age group experience infertility challenges. Therefore, increasing infertility rates are driving the in vitro fertilization (IVF) devices and consumables market.
Market Trends –
Major companies operating in the in vitro fertilization (IVF) devices and consumables market are focusing on developing innovative products, such as benchtop incubators for IVF clinics, to enhance embryo culture’s efficiency and success rates and improve patient outcomes. A benchtop incubator for IVF clinics is a specialized piece of equipment designed to provide a controlled environment for the culture and development of embryos during in vitro fertilization (IVF) procedures. These incubators are crucial for maintaining the precise conditions required for embryo growth, including temperature, humidity, and gas composition, such as oxygen and carbon dioxide levels. For instance, in May 2022, Cook Group Incorporated, a US-based medical device company, launched the MINC+TM Benchtop Incubator, the advanced version of the widely used MINC Mini Incubator, for IVF clinics in the US and Canada. The MINC+ integrates updated features informed by user feedback to improve the experience for clinical embryologists. It includes the DishTrace platform, which merges touchscreen and PC software capabilities for comprehensive dish-data management. This system enables tracking of culture dishes as they are checked in and out of the incubator, monitors up to 50 MINC+ incubators simultaneously, and generates graphical histories and reports on MINC+ activity.
The in vitro fertilization (IVF) devices and consumables market covered in this report is segmented –
1) By Product: Instruments, Accessories And Disposables, Reagents And Media
2) By Technology: Fresh Embryo In Vitro Fertilization (IVF), Frozen Embryo In Vitro Fertilization (IVF), Donor Egg In Vitro Fertilization (IVF)
3) By End User: Fertility Clinics, Hospitals, Surgical Centers, Clinical Research Institutes
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Regional Insights –
North America was the largest region in the in vitro fertilization (IVF) devices and consumables market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the in vitro fertilization (IVF) devices and consumables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the in vitro fertilization (IVF) devices and consumables market are Thermo Fisher Scientific Inc., Merck KGaA, FUJIFILM Holdings Corporation, CooperSurgical Inc., Cook Medical Inc., Progyny Inc., Vitrolife AB, Esco Micro Pte. Ltd., Hamilton Thorne Ltd., Nantong Egens Biotechnology Co. Ltd., Genea Biomedx Pty Ltd., Kitazato Corporation, Fertility Center of Illinois, Rocket Medical PLC, Gynemed GmbH & Co. KG, Gynotek Ltd., Biocell Enterprise LLC, Laboratoire CCD, Invitrocare Ltd., Nidacon International AB
Table of Contents
1. Executive Summary
2. In Vitro Fertilization (IVF) Devices And Consumables Market Report Structure
3. In Vitro Fertilization (IVF) Devices And Consumables Market Trends And Strategies
4. In Vitro Fertilization (IVF) Devices And Consumables Market – Macro Economic Scenario
5. Global In Vitro Fertilization (IVF) Devices And Consumables Market Size and Growth
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32. Global In Vitro Fertilization (IVF) Devices And Consumables Market Competitive Benchmarking
33. Global In Vitro Fertilization (IVF) Devices And Consumables Market Competitive Dashboard
34. Key Mergers And Acquisitions In The In Vitro Fertilization (IVF) Devices And Consumables Market
35. In Vitro Fertilization (IVF) Devices And Consumables Market Future Outlook and Potential Analysis
36. Appendix
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