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IVF Market Size - By Product Type (Fresh Non-Donor, Fresh Donor, Frozen Donor, and Frozen Non-Donor), By End User (Hospitals, Fertility Clinics, Surgical Centers, and Research Institutes) and By Region: Global Forecast, 2024 – 2033

  • PUBLISHED ON
  • 2023-12-19
  • NO OF PAGES
  • 204
  • CATEGORY
  • Healthcare & Life Sciences

Market Overview

IVF 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.

 

SOURCE: We Market Research

In 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.

Key Points:

·         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.

SOURCE: We Market Research

North America Market Statistics

North 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

Asia 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.

COVID-19 Impact:

Global 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 Scope

Report Attributes

Description

Market Size in 2024

USD 24.54 Billion

Market Forecast in 2033

USD 38.75 Billion

CAGR % 2024-2033

8.65%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2033

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Growth Drivers

Continuous advancements in reproductive medicine, including improvements in laboratory techniques, embryo culture, and cryopreservation methods, have enhanced the success rates of IVF procedures.

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.

Segments Covered

By Product Type, By End User and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; 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

Market Drivers

Rising 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 technology.

Increasing 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.

Market Restrains

High 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.

The following segments are part of an in-depth analysis of the global IVF Market:

Market Segments

 

By End User

·         Hospitals

·         Fertility Clinics

·         Surgical Centers

·         Research Institutes

Key Market Players

The IVF Market is dominated by a few large companies, such as

·         Boston IVF

·         Thermo Fisher Scientific Inc

·         Rocket Medical Plc

·         The Baker Company, Inc

·         Kitazato Corporation

·         Progyny, Inc

·         IVFtech ApS

·         Cook Medical Inc

·         EMD Serono Inc

·         Cooper Surgical Inc

·         Esco Micro Pte. Ltd

·         Genea Biomedx

·         Irvine Scientific

·         Vitrolife AB

·         OvaScience

Recent Developments:

·         January 2021, Merck KGaA and Royal Philips have partnered to develop a digital system that offers individualized fertility treatment.

·         2020, Genea Inc. Hamilton Throne Ltd. worked together to market Genea Ltd.'s fertility products in North America.

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We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size of IVF Market in 2022?

IVF Market was valued at USD 22.54 Billion in 2022.

What is the growth rate for the IVF Market?

IVF Market size will increase at approximate CAGR of 8.65% during the forecasted period.

Which are the top companies operating within the market?

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.

Which region dominates the IVF Market?

Europe dominates the market with an active share of 38%.

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