Stratview Research has published a new report titled “In Vitro Fertilization (IVF) Market” which is segmented by Reagent (Embryo Culture Media, Cryopreservation Media, Sperm Processing Media, OVUM Processing Media), by Equipment (Imaging Systems, Sperm Separation Systems, Cabinets, OVUM Aspiration Pumps, Incubators, Micromanipulator Systems, Gas Analyzers and Other), by Cycle (Fresh Non-Donor IVF Cycles, Frozen Non-Donor IVF Cycles, Frozen Donor IVF Cycles, Fresh Donor IVF Cycles), by End User (Fertility Clinics & Surgical Centers, Hospitals & Research Laboratories, Cryobanks) and by Region (North America, Asia-Pacific, Europe, and the Rest of World).
As per the study, the market is expected to grow from USD 669.9 million in 2021 to USD 1,256.35 million by 2028 at a CAGR of over 9.29% during the forecast period of 2022-2028.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By End User
The Fertility Clinics & Surgical Centers segment accounted for the largest market share of more than 76.0% in 2021.
The market has been segmented into fertility clinics & surgical centers, hospitals & research laboratories, and cryobanks. The segment growth can be attributed to the increasing number of fertility clinic centers coupled with rising infertility rates globally.
The Embryo Culture Media segment accounted for the largest market share of more than 40.0% in 2021.
The market has been segmented into Embryo Culture Media, Cryopreservation Media, Sperm Processing Media, and OVUM Processing Media). The expansion was ascribed to factors such as increased research efforts to improve media for culture, and more accessible funding.
The Frozen Non-Donor IVF Cycles segment accounted for the largest market share of more than 45.0% in 2021.
The market has been segmented into Fresh Non-Donor IVF Cycles, Frozen Non-Donor IVF Cycles, Frozen Donor IVF Cycles, and Fresh Donor IVF Cycles. The segment is expected to register the fastest growth over the forecast period. The high percentage can be attributed to the cost-effectiveness when compared to fresh non-donor sperm, as well as the procedure's less-invasive nature.
Which Region is expected to remain the largest market?
The market in Europe accounted for the largest market share of more than 35.0% in 2021 owing to increasing infertility rates; rising awareness, and continuous spending on R&D activities to develop technologically advanced solutions for health problems.
The market in Asia-Pacific is expected to register the fastest growth during the review period on account of the growing median age of first-time motherhood, rising infertility rates, and low treatment costs.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players acting in the In Vitro Fertilization (IVF) Market:
- Cooper Surgical Inc. (The U.S.)
- Vitro Life (Sweden)
- Cook Medical Incorporated (The U.S.)
- Thermo Fisher Scientific (The U.S.)
- Irvine Scientific (The U.S.)
- Genea Limited (Australia)
- The Baker Company, Inc. (The U.S.)
- Kitazato Corporation (Japan)
- Esco Micro Pte Ltd (Singapore)
- EMD Serono (The U.S.)
- IVF Tech APS (Denmark)
- Rocket Medical (UK)
Key questions answered by the report
- What is the projected CAGR for revenue from the In Vitro Fertilization (IVF) Market during the forecast period?
- What would the market be valued at by 2028?
- What is a major driving factor for the growth of the market?
- Which region accounted for the largest revenue share in the In Vitro Fertilization (IVF) Market?
- Which are the major market players?
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