Market Size is projected to achieve a value of USD 24.54 Billion in 2024, with
a linear behavior in the market growth it is forecasted to achieve a value of
USD 38.75 Billion by 2033 with a CAGR of 8.65% during the forecast period 2024-2033.
We Market Research
vitro fertilization, or IVF, is an assisted reproductive technique used to help
people or couples conceive when natural conception proves to be problematic.
Eggs and sperm are mixed in a lab dish to generate embryos, which are then placed
inside the uterus. The initial effect of hormone therapy is increased egg
production by the ovaries. Following their recovery, sperm fertilize eggs in a
controlled environment. A baby could result from the successful implantation of
an embryo. IVF is a well-liked infertility treatment that offers hope to those
who are struggling to conceive.
Europe dominates the
market with an active share of 38% and it forecasted to be worth more than USD
14.72 by 2033.
The three main approaches
to IVF that involve no or fewer drugs are natural cycle IVF, mild stimulation
IVF and in vitro maturation (IVM).
Natural IVF is
additionally preferred because it is thought to be less costly and may be performed
with consecutive cycles.
IVF Industry: Regional Analysis
Europe Market Forecast
Europe dominate the IVF Market with the highest revenue generating market with share of more than 38%. The increased incidence of infertility and the region's rising IVF treatment success rate have been attributed for the domination. Europe's most IVF-active nations, including Denmark and Spain, are thought to be in charge of propelling the region's market expansion throughout this time.
We Market Research
North America Market Statistics
America is the second-largest market for IVF treatment. North America is
significantly influenced by a more advanced healthcare system, higher
disposable income, more public awareness of fertility treatments, favorable
reimbursement policies, and the presence of large market players.
APAC Market Forecasts
Pacific is expected to be the fastest-growing market for IVF during the
forecast period. Important elements in this area are the quickly growing
medical tourism sector, improving medical facilities, rising rates of
infertility due to lifestyle changes, raising public awareness, and government
initiatives supporting fertility treatments.
disruptions in the in-vitro fertilization (IVF) market were caused by the
COVID-19 epidemic. IVF cycles first decreased as a result of restrictions on
non-essential medical procedures, travel restrictions, and uncertain economic
conditions. The number of procedures performed significantly decreased as a
result of clinic closures and patient access to reproductive treatments being
restricted. Additionally, patients' willingness to undertake reproductive
treatments was impacted by worries about the spread of viruses and other health
risks. But the market gradually recovered thanks to adjustments like telemedicine
consultations and strict safety procedures in clinics. Resilience and
innovation in reproductive healthcare were fostered by improved knowledge of
fertility options following the pandemic and technological developments in
remote monitoring, which had a favorable impact on the IVF industry.
Market Size in 2024
Market Forecast in 2033
CAGR % 2024-2033
Consumption, company share, company heatmap, company production capacity,
growth factors and more
Continuous advancements in reproductive
medicine, including improvements in laboratory techniques, embryo culture,
and cryopreservation methods, have enhanced the success rates of IVF
Growing awareness about infertility issues and available treatment options has led more individuals and couples to seek medical assistance for fertility concerns.
A decreasing stigma associated with fertility treatments, including IVF, has led to greater acceptance in society. As societal attitudes evolve, more individuals and couples feel comfortable seeking fertility assistance without fear of judgment.
By Product Type,
By End User and By Region
North America, Europe, APAC, South
America and Middle East and Africa
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria
IVF Industry: Dynamics & Restrains
age of first-time mothers - The growing
average age of first-time mothers is a major factor driving the IVF business.
Due to age-related decreases in reproductive capability, women who put off
having children for a number of reasons—such as marital issues or career
goals—have a harder time getting pregnant. This trend drives up demand for IVF
operations because higher rates of infertility are often associated with older
mothers. IVF is becoming more and more popular because it's a necessary choice
for those who wish to start a family later in life. In order to overcome
age-related infertility, there is a rising need for assisted reproductive
Awareness and Acceptance - The IVF market is
greatly driven by the rise in social acceptance and understanding of
infertility concerns and assisted reproductive technologies. Growing awareness
and a decline in stigma around fertility treatments have encouraged more
people, including couples, to consider IVF as a potential treatment option.
This greater acceptance encourages people to seek expert assistance, which
increases the number of people who may be candidates for IVF treatments. As
awareness increases and false beliefs fade, more people are considering and
pursuing these cutting-edge reproductive therapies, which propels market
expansion by normalizing IVF as a viable route to parenting.
procedure cost - There is a substantial
restriction on the market because many individuals and couples cannot afford
IVF surgeries. Due to financial barriers brought on by the expensive nature of
multiple cycles of treatment, many individuals are discouraged from attempting
IVF. The issue of affordability becomes particularly important when there is
limited or no insurance coverage for reproductive procedures. Because of this,
even while the demand for assisted reproductive technologies is expanding, the
high costs of IVF act as a barrier to entry, restricting the market's potential
expansion by excluding those who cannot afford it.
IVF Market Segmentation
Market- By Product Type Analysis
By Product Type, the IVF Market is
Categories into Fresh Non-Donor, Fresh Donor, Frozen Donor, and Frozen
Non-Donor. The Fresh Non-Donor segment accounts for the largest share of around
42 % in 2022.
Fresh sperm and eggs frequently have
somewhat higher success rates than frozen ones because to their ideal age and
motility. This is a key factor to take into account for couples who want to
maximize their chances of success on their first attempt.
following segments are part of an in-depth analysis of the global IVF Market:
Key Market Players
IVF Market is dominated by a few large companies, such as
Thermo Fisher Scientific
Rocket Medical Plc
The Baker Company, Inc
Cook Medical Inc
EMD Serono Inc
Cooper Surgical Inc
Esco Micro Pte. Ltd
January 2021, Merck KGaA
and Royal Philips have partnered to develop a digital system that offers individualized
2020, Genea Inc. Hamilton
Throne Ltd. worked together to market Genea Ltd.'s fertility products in North
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IVF Market was valued at USD 22.54 Billion in 2022.
IVF Market size will increase at approximate CAGR of 8.65% during the forecasted period.
Major companies operating within the IVF Market are Massachusetts Eye and Ear, Alcon Inc., Presbia PLC, Aurolab, CorneaGen, Florida Lions Eye Bank, KeraMed, Inc., DIOPTEX, AJL Ophthalmic S.A., San Diego Eye Bank and other.
Europe dominates the market with an active share of 38%.
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