In Vitro Fertilization Market Share & Growth | Forecast 2031

Segments - In Vitro Fertilization Market by Products (Reagents and Instruments [Imaging Systems, Incubators, Cryosystems, IVF Cabinets, Ovum Aspiration Pumps, Sperm Separation Systems, Micromanipulator Systems, and Others]), End-users (Fertility Clinics, Hospitals, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

The global in vitro fertilization market size is projected to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising infertility rate and surge in IVF success rate.

Global In Vitro Fertilization Market Key Takeaways

In vitro fertilization (IVF) is a type of assistive reproductive technology, which removes mature egg from women ovaries and fertilize them with sperm in a laboratory dish outside the womb. IVF helps people with infertility who want to have a baby. Using multiple eggs increases the chances of developing a viable embryo. It is an expensive and invasive procedure. This procedure includes usage of fertility drugs or having intrauterine insemination.

Market Trends, Drivers, Restraints, and Opportunities

Increasing awareness of advancements about IVF techniques is projected to boost the market growth in the coming years.
Growing median age of first time mother is anticipated to drive the market growth during the forecast period.
High maintenance cost of IVF procedures is estimated to restrict the market growth.
Reducing efficacy of infertility treatment among patients with advancing age can create challenges for the market growth.
Increasing medical tourism in emerging nations is anticipated to create significant opportunities for the market players.

Scope of the Report

The report on the global in vitro fertilization market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	In Vitro Fertilization Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Products (Reagents and Instruments [Imaging Systems, Incubators, Cryosystems, IVF Cabinets, Ovum Aspiration Pumps, Sperm Separation Systems, Micromanipulator Systems, and Others]) and End-users (Fertility Clinics, Hospitals, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Merck KgaA; Thermo Fisher Scientific Inc.; Vitrolife AB; Nikon Corporation; and Fujifilm Holding Corporation

In Vitro Fertilization Market Segment Insights

Incubators instrument segment to hold a significant market share

Based on products, the market is divided into reagents and instruments. The instrument is further segmented into imaging systems, incubators, cryosystems, IVF cabinets, ovum aspiration pumps, sperm separation systems, micromanipulator systems, and others. The reagents segment is anticipated to hold a key share of the market in the coming years. However, the incubators instrument segment is anticipated to expand at a rapid pace during the forecast period owing to ability to control humidity and protect baby’s skin from losing too much water.

Hospitals segment is anticipated to constitute a large market share

On the basis of end-users, the market is segmented into fertility clinics, hospitals, and others. The fertility clinics segment is projected to constitute a major market share during the forecast period due to presence of highly advanced procedures and equipment. On the other hand, the hospitals segment is anticipated to expand at a rapid pace during the forecast period.

Global In Vitro Fertilization Market End Users

North America is estimated to account a major market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a significant share of the market during the projected period owing to the rising prevalence of associated conditions such as polycystic ovary syndrome (PCOS). However, the market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to rising government support for fertility treatments. The growth of the market in region is attributed to increasing demand for IVF in countries such as India and China. Moreover, increasing awareness about the same in these emerging economies is driving the market growth in Asia Pacific.

Segments

The global in vitro fertilization market has been segmented on the basis

Products

Reagent
Instrument
- Imaging Systems
- Incubators
- Cryosystems
- IVF Cabinets
- Ovum Aspiration Pumps
- Sperm Separation Systems
- Micromanipulator Systems
- Others

End-users

Fertility Clinics
Hospitals
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Merck KgaA
Thermo Fisher Scientific Inc.
Vitrolife AB
Nikon Corporation
Fujifilm Holding Corporation

Competitive Landscape

Key players competing in the in vitro fertilization market includes Merck KgaA; Thermo Fisher Scientific Inc.; Vitrolife AB; Nikon Corporation; and Fujifilm Holding Corporation.

Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. In Vitro Fertilization Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. In Vitro Fertilization Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. In Vitro Fertilization Market - Supply Chain
  4.5. Global In Vitro Fertilization Market Forecast
     4.5.1. In Vitro Fertilization Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. In Vitro Fertilization Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. In Vitro Fertilization Market Absolute $ Opportunity
5. Global In Vitro Fertilization Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. In Vitro Fertilization Market Size and Volume Forecast by End Users
     5.3.1. Fertility Clinics
     5.3.2. Hospitals
     5.3.3. Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global In Vitro Fertilization Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. In Vitro Fertilization Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global In Vitro Fertilization Demand Share Forecast, 2019-2026
7. North America In Vitro Fertilization Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America In Vitro Fertilization Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America In Vitro Fertilization Market Size and Volume Forecast by End Users
     7.4.1. Fertility Clinics
     7.4.2. Hospitals
     7.4.3. Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America In Vitro Fertilization Demand Share Forecast, 2019-2026
8. Latin America In Vitro Fertilization Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America In Vitro Fertilization Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America In Vitro Fertilization Market Size and Volume Forecast by End Users
     8.4.1. Fertility Clinics
     8.4.2. Hospitals
     8.4.3. Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America In Vitro Fertilization Demand Share Forecast, 2019-2026
9. Europe In Vitro Fertilization Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe In Vitro Fertilization Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe In Vitro Fertilization Market Size and Volume Forecast by End Users
     9.4.1. Fertility Clinics
     9.4.2. Hospitals
     9.4.3. Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe In Vitro Fertilization Demand Share Forecast, 2019-2026
10. Asia Pacific In Vitro Fertilization Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific In Vitro Fertilization Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific In Vitro Fertilization Market Size and Volume Forecast by End Users
     10.4.1. Fertility Clinics
     10.4.2. Hospitals
     10.4.3. Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific In Vitro Fertilization Demand Share Forecast, 2019-2026
11. Middle East & Africa In Vitro Fertilization Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa In Vitro Fertilization Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa In Vitro Fertilization Market Size and Volume Forecast by End Users
     11.4.1. Fertility Clinics
     11.4.2. Hospitals
     11.4.3. Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa In Vitro Fertilization Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global In Vitro Fertilization Market: Market Share Analysis
  12.2. In Vitro Fertilization Distributors and Customers
  12.3. In Vitro Fertilization Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Merck KgaA
     12.4.2. Thermo Fisher Scientific Inc.
     12.4.3. Vitrolife AB
     12.4.4. Nikon Corporation
     12.4.5. Fujifilm Holding Corporation