IVF Devices And Consumables Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Germany, India, Spain, Canada - Size and Forecast 2024-2028

IVF Devices And Consumables Market Size 2024-2028

The IVF devices and consumables market size is forecast to increase by USD 1.01 billion at a CAGR of 4.5% between 2023 and 2028.

• The market is witnessing significant growth due to the rising number of infertility cases and the emerging trend of delayed pregnancies among women. According to the World Health Organization, approximately 10% of women worldwide have difficulty getting pregnant or carrying a pregnancy to term. The high cost of the procedure remains a major challenge for the market, as IVF is an expensive treatment option. The market is expanding as more fertility clinics incorporate protein supplements into their treatment plans, enhancing overall success rates and supporting the health of patients undergoing in-vitro fertilization procedures. However, advancements in technology, such as the development of more affordable and efficient IVF methods, are expected to mitigate this challenge. Additionally, the increasing awareness of infertility and the availability of government and insurance funding for fertility treatments are further driving market growth. Overall, the market is expected to experience steady growth in the coming years, with a focus on improving accessibility and affordability for patients.

What will be the Size of the IVF Devices And Consumables Market During the Forecast Period?

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• In Vitro Fertilization (IVF) is a human fertilization technique used to help couples experiencing infertility issues. The market caters to the demand for advanced technology and equipment required in the IVF process. The Embryology Authority, a regulatory body, oversees the use of these devices and consumables to ensure adherence to ethical guidelines and standards.
• Computer science and genetics play a significant role in the development of IVF devices, enabling precise control and monitoring of various stages of the process, including ovulation, egg retrieval, insemination, fertilization, embryo culture, and embryo transfer. Key IVF procedures involve surgical procedures for egg retrieval and embryo transfer. IVF consumables include medicines for ovulation stimulation, insemination, and embryo culture. Companies provide these devices and consumables to healthcare institutions worldwide.

How is this IVF Devices And Consumables Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Product
  • Culture media and reagents
  • Accessories and disposables
  • Instruments
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • Spain
  • Asia
    • India
  • Rest of World (ROW)

By Product Insights

• The culture media and reagents segment is estimated to witness significant growth during the forecast period. The market is witnessing significant growth due to the increasing incidence of infertility issues among men and women. The Human Fertilisation and Embryology Authority (HFEA) reports that advanced reproductive technologies (ART), including IVF, are increasingly being used to address fertility problems and delayed pregnancies. Computer science and genetics have played a pivotal role in the development of IVF, enabling advancements such as intracytoplasmic sperm injection (ICSI) and in vitro maturation (IVM). Major players in this market, such as Indira IVF, CCRM Fertility, and Cook Medical, offer a wide array of IVF devices, instruments, and accessories, including disposable items.
• These companies cater to the demand for medicines and surgical procedures related to ovulation induction, egg retrieval, insemination, fertilization, embryo culture, embryo transfer, and pregnancy. The growing focus on ART procedures and the increasing awareness of genetic problems have led to the development of various cultural media and reagents. These media and reagents, including buffers, protein-free media, biopsy media, continuous culture media, sperm preparation media, salt solutions, nutrient supplements, protein supplements, amino acids, and carbohydrates, are essential for the growth and storage of cells at various stages of the IVF procedure.

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The Culture media and reagents segment was valued at USD 1.53 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• Asia is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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In the realm of Human Fertilisation and Embryology, the market for IVF devices and consumables plays a pivotal role in facilitating conception for individuals experiencing infertility or delayed pregnancies. The Human Fertilisation and Embryology Authority regulates the use of these advanced technologies, which include Computer Science and Genetics in the field of reproductive medicine. Indira IVF and CCRM Fertility are renowned healthcare infrastructures offering a range of fertility treatments, such as In vitro fertilization (IVF), Intracytoplasmic sperm injection (ICSI), and Cryopreservation. These procedures involve medicines to stimulate ovulation, egg retrieval, insemination, fertilization, embryo culture, and embryo transfer, culminating in a healthy baby.

IVF devices encompass instruments and accessories, which are disposable and essential for various stages of the process. These include Fallopian tube catheters, needles, and transfer sets. IVF consumables include culture media, embryo transfer catheters, and CO2 incubators. Male infertility, genetic problems, and gamete donations are common factors driving the demand for these advanced technologies. Investors continue to invest in the development of innovative IVF devices and consumables, ensuring the continuation of advancements in the field of reproductive medicine.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in the adoption of IVF Devices And Consumables Industry?

• Rise in the number of infertility cases is the key driver of the market. The market is experiencing significant growth due to the increasing prevalence of infertility issues among couples. According to the Centers for Disease Control and Prevention (CDC), approximately 6% of married women in the US aged 15-49 have experienced infertility, while 14% have impaired fecundity. In response to this growing need, advancements in technology have led to the development of innovative IVF devices and consumables, including cryosystems, incubators, imaging systems, ovum aspiration pumps, cabinets, micromanipulators, and various accessories and disposables.
• These devices require specialized reagents and media, such as cryopreservation media, semen processing media, and ovum processing media, as well as embryo culture media, to ensure successful fertilization and embryo development. Marketing strategies, including the integration of artificial intelligence and automation, are being employed to enhance the efficiency and accuracy of these devices and consumables, further contributing to the market's growth.

What are the market trends shaping the IVF Devices And Consumables Industry?

• The emerging trend of delayed pregnancies among women is the upcoming market trend. The market is experiencing significant growth due to the increasing number of women delaying motherhood. Factors such as career focus and lack of readiness for childcare responsibilities contribute to the rising trend. With age, fertility declines, increasing the risk of infertility. Furthermore, age-related conditions like diabetes and hypertension further complicate pregnancies. After the age of 40, fecundity begins to decrease. In response to these trends, marketing strategies for IVF devices and consumables incorporate advanced technology, including artificial intelligence, to improve success rates. The market comprises various products such as cryosystems, incubators, imaging systems, ovum aspiration pumps, cabinets, micromanipulators, and a wide range of accessories and disposables.
• Additionally, reagents and media, including cryopreservation media, semen processing media, and ovum processing media, are essential components of the market. Embryo culture media is another critical category, ensuring the optimal growth and development of embryos during the IVF process.

What challenges does the IVF Devices And Consumables Industry face during its growth?

• High cost of the procedure is a key challenge affecting the industry growth. The market encompasses a range of technology-driven products essential for the successful completion of this complex assisted reproductive technology. These include cryosystems for the preservation and storage of gametes and embryos, incubators for the optimal growth of embryos, imaging systems for monitoring embryo development, ovum aspiration pumps for the extraction of eggs, micromanipulators for the manipulation of gametes during fertilization, and various accessories and disposables for the preparation and handling of reagents and media. The consumables market for IVF comprises cryopreservation media such as semen processing media, ovum processing media, and embryo culture media, which are crucial for the survival and development of gametes and embryos.
• Marketing strategies for IVF devices and consumables focus on showcasing the advanced technology and benefits that enhance the efficiency, accuracy, and safety of the IVF process, while also addressing the high cost and labor-intensive nature of the procedure.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• BIOPSYBELL Srl
• CCD Laboratory
• Cook Group Inc.
• Esco Medical
• FUJIFILM Irvine Scientific Inc.
• Genea Biomedx
• Hamilton Thorne Ltd
• Intermedics Ltd.
• INVO Bioscience Inc.
• IVFtech ApS
• KITAZATO Corp.
• LabIVF Asia Pte Ltd.
• Merck KGaA
• Progyny Inc
• Rocket Medical Plc
• SAR Healthline Pvt Ltd.
• Shivani Scientific Industries Pvt. Ltd.
• The Cooper Companies Inc.
• Thermo Fisher Scientific Inc.
• Vitrolife AB

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

In Vitro Fertilization (IVF) is a human fertilization technique used to help couples achieve conception when faced with infertility issues or genetic problems. The IVF process involves various procedures, including ovulation induction, egg retrieval, insemination, fertilization, embryo culture, embryo transfer, and cryopreservation. IVF devices and consumables play a crucial role in this complex process. The IVF devices market caters to the demand for instruments and accessories used in IVF procedures. These include equipment for egg retrieval, insemination, fertilization, embryo culture, and embryo transfer. IVF consumables, which are disposable items, include medicines, surgical procedures, and accessories used In the IVF process.

Moreover, the market is driven by the increasing number of delayed pregnancies, infertility issues, and gamete donations. The market is also influenced by advancements in computer science, genetics, and embryology, leading to the development of innovative IVF technologies. Healthcare infrastructures are investing in IVF development, leading to an increase in the number of IVF clinics and centers. IVF procedures help couples overcome various fertility issues, including male infertility, fallopian tube blockages, and genetic problems. With the help of Intracytoplasmic Sperm Injection (ICSI) and In Vitro Maturation (IVM), the IVF process has become more efficient and effective, leading to a higher success rate for healthy babies.

Furthermore, the market is expected to grow significantly in the coming years, offering investors lucrative opportunities. In summary, the market is a growing segment in the healthcare industry, driven by the increasing demand for infertility treatments and advancements in technology. The market caters to the demand for various IVF devices and consumables, including instruments, accessories, and disposable items, used In the IVF process. The market is expected to witness significant growth In the coming years, offering investors promising opportunities.

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What are the Key Data Covered in this IVF Devices And Consumables Market Research and Growth Report?

• CAGR of the IVF Devices and Consumables industry during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across North America, Europe, Asia, and Rest of World (ROW)
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the ivf devices and consumables market growth of industry companies

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