In Vitro Fertilization Services Market Size, Share, Top Key Players, Growth, Trend and Forecast Till 2030

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Increase in incidence of male and female infertility and growing number of women in workforce are key factors driving market revenue growth

According to the most recent report by Emergen Research, the size of the global In Vitro Fertilization (IVF) services market is anticipated to reach USD 31.77 billion in 2030 and exhibit a consistent revenue CAGR of 9.84% throughout the forecast period. The rise in infertility cases linked to adopting a sedentary lifestyle is a major contributor to the IVF services market’s revenue development. The market is seeing revenue growth due to changes in consumer behaviour, an increase in the number of women in the workforce, a preference for late pregnancy, a move from rural to urban regions, a decline in marriage rates, and an increase in the trend of same-sex marriages. About 6.7 million women in the U.S. are affected by infertility, according to the American Society for Reproductive Medicine.

Growth of the market is anticipated to be positively impacted by the expansion of fertility treatments for treating male infertility, such as Intracytoplasmic Sperm Injection (ICSI). The provision of genomic testing to prevent the transmission of genetic disorders through in vitro fertilisation (IVF) is also anticipated to support the expansion of the IVF market’s revenue. The market is expanding due to continuous fertility efforts in the sector and policy initiatives to create fair insurance programmes. As more people choose IVF treatment, more insurance companies are now paying for the treatments. As IVF is a technology that has been perfected, this directly led to competitive rates and reduced the cost of treatment.

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The market sector for IVF with ICSI experienced the fastest rise. The adoption of IVF with ICSI treatments is predicted to increase due to the success rate of fertilisation with ICSI and the increased use of ICSI during IVF, boosting the segment’s expansion throughout the forecast period. During the anticipated period, the fresh non-donor category accounted for the lion’s share of market cycles. The huge proportion of this market is due to improved embryo production, high success rates, and simple implantation procedures.

CooperVision (CVI) and CooperSurgical are the two business units that make up The Cooper Companies (CSI). Through its CooperSurgical business sector, the company provides a comprehensive range of goods and services with an emphasis on reproductive health, diagnostics, and women’s health. This business unit markets its goods under a variety of brand names, including ORIGIO (which offers products for in vitro fertilisation, or IVF), Reprogenetics (which offers services for genetic testing), and LifeGlobal (providing media products as well as IVF laboratory air filtration products). The company wants to further improve its position in the market by pursuing the acquisition strategy by providing a wide array of cutting-edge technology and services to physicians and patients worldwide.

Some major companies in the global market report 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.

Emergen Research has segmented the global IVF Services Market on the basis of procedure, product, end-use, and region:

  • Procedure Outlook (Revenue, USD Billion; 2022-2030)
    • Fresh Donor
    • Fresh Non-Donor
    • Frozen Donor
    • Frozen Non-Donor
  • Product Outlook (Revenue, USD Billion; 2022-2030)
    • Reagents
      1. Cryopreservation media
      2. Ovum processing media
      3. Embryo culture media
      4. Sperm processing media
    • Equipment
      1. Sperm separation system
      2. Imaging system
      3. Cabinet
      4. Incubators
      5. Ovum aspiration pump
      6. Micro manipulation system
      7. Gas analyzer
      8. Accessories
      9. Anti-vibration tables
      10. Laser system
      11. Cryosystems
      12. Witness system
  • End-Use Outlook (Revenue, USD Billion; 2022-2030)
    • Hospitals
    • Research Laboratories
    • Fertility clinics
    • Surgical Centers
    • Cryobanks

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  • Regional Outlook (Revenue, USD Billion; 2022-2030)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. U.K.
      3. France
      4. Spain
      5. BENELUX
      6. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. Israel
      4. Rest Of MEA

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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