Overview and Scope
IVF is a process of fertilization where an egg is combined with sperm outside the body, in vitro (“”in glass”). In vitro fertilization (IVF) is a sophisticated set of treatments intended to improve fertility, avoid genetic issues, and aid in child conception. It is used to address infertility.
Sizing and Forecast
The ivf services market size has grown rapidly in recent years. It will grow from $17.13 billion in 2023 to $19.07 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to increased increasing prevalence of pcos condition, increased cases of the premature ovarian failure, increasing rate of male infertility and insurance coverages to ivf procedures.
The ivf services market size is expected to see strong growth in the next few years. It will grow to $27.67 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to rising infertility rate, technological developments regarding fertility treatment, growing adoption of ivf services to aid in pregnancy, rising number of same sex couples, increase in number of fertility clinics, rise in disposable income and late parenthood. Major trends in the forecast period include providing mitochondrial replacement therapies to potentially overcome genetic disorders, adopting new technologies like fertility freezing and provide and better solutions to people seeking for fertility treatments., offering pgt-a screening or testing program to potentially increase the chances of pregnancy, using artificial intelligence to reduce costs and time, implement blockchain based apps to curate data to their users and adopting advanced technologies such as time-lapse microscopy for safe, uninterrupted and constant embryo observation.
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Segmentation & Regional Insights
The ivf services market covered in this report is segmented –
1) By Cycle Type: Fresh IVF Cycles(Non-donor), Thawed IVF Cycles(Non-donor), Donor Egg IVF Cycles
2) By Service Provider: Fertility Clinics, Hospitals, Surgical Centers, Clinical Research Institutes
3) By End User: Fertility Clinics, Hospitals & Other Settings
Western Europe was the largest region in the IVF services market in 2023. North America was the second largest region in global IVF services market share. The regions covered in the ivf services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, MiddleEast, Africa
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Major Driver Impacting Market Growth
The rising infertility rate contributed to the growth of the in vitro fertilization IVF services market. Infertility is known as the inability to conceive within 12 months. According to the US Department of Health and Human Services, around 12 to 13 couples in 100 have a problem in conceiving. Moreover, according to the Indian Journal of Community Medicine, 15 to 20 million infertility cases are in India alone. The rising infertility rate made people resort to IVF services contributing to the growth of the market.
Key Industry Players
Major companies operating in the ivf services market report are Monash IVF Group, Virtus Health Limited, Chelsea and Westminster Hospital NHS Foundation Trust, Genea Limited, Boston IVF, IVF Spain, Morpheus Life Sciences Pvt. Ltd., Dünya IVF, Cardone Reproductive Medicine & Infertility LLC, Cloudnine Fertility, Sun Pharmaceuticals Industries Ltd, Cadila Healthcare Ltd, Trivector Origio Scientific, Lab IVF Asia Pte Ltd, LG Life Sciences, Bourn Hall Clinic, Southend Fertility, Indira IVF, Pearl Women Hospital & Yash IVF Center, Corion Fertility Clinic, Origin International Fertility Center, Apollo Hospitals Dhaka, Australian Concept Infertility Medical Center (ACIMC), Bahosi Fertility Centre, , Bloom Fertility and Healthcare, Bumrungrad International Hospital, Center for Advanced Reproductive Medicine and Infertility, CHA Fertility Center, United Family Healthcare, The New Hope Fertility Center, Melinda Hospital, Bocah Indonesia, Daya Medika, Clinique de la Muette, Klinikum Stuttgart, DRK Kliniken Berlin, University Medical Center Freiburg, CREATE Fertility, The Centre for Reproductive & Genetic Health, The Bridge Centre, Next Generation Clinic, UNICA Clinic – Prague, Repromeda s.r.o., MD Medical Group, Univfy, Progyny, Advantia Health, Maven Clinic, Future Family, Instituto de Fertilidad Humana, The Colombian Center for Fertility and Sterility, NMC Health, Dubai Gynecology and Fertility Centre, , New Life Medical Centre, Cairo Fertility Centre (Egypt), Queens Fertility Centre (Egypt), BPE Partners, Cleopatra Hospitals Group (CHG)
The ivf services market report table of contents includes:
1. Executive Summary
2. IVF Services Market Characteristics
3. IVF Services Market Trends And Strategies
4. IVF Services Market – Macro Economic Scenario
5. Global IVF Services Market Size and Growth
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32. Global IVF Services Market Competitive Benchmarking
33. Global IVF Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The IVF Services Market
35. IVF Services Market Future Outlook and Potential Analysis
36. Appendix
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