IVF Devices and Consumables Market by Product and Geography - Forecast and Analysis 2022-2026

The IVF devices and consumables market share is expected to increase to USD 1.58 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.7%.

This in vitro fertilization (IVF) devices and consumables market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers IVF devices and consumables market segmentation by product (culture media and reagents, accessories and disposables, and instruments) and geography (North America, Europe, Asia, and Rest of World (ROW)). The in vitro fertilization devices and consumables market report also offers information on several market vendors, including BIOPSYBELL Srl, CCD Laboratory, Cook Medical LLC, 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., and Vitrolife AB among others.

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

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IVF Devices and Consumables Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The rise in the number of infertility cases is notably driving the in vitro fertilization (IVF) devices and consumables market growth, although factors such as the high cost of the procedure may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the IVF devices and consumables industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key IVF Devices and Consumables Market Driver

One of the key factors driving the global in vitro fertilization devices and consumables market growth is the rise in the number of infertility cases. According to a CDC report of 2020, about 6% of married women aged 15-49 years in the US are unable to get pregnant after a year of trying to conceive. Also, about 14% of married women aged 15-49 years in the US have difficulty in carrying a pregnancy to term, which is termed impaired fecundity. As per a CDC report of 2021, both male and female factors contributed equally to about 35% of infertility cases. Conditions affecting female fertility include PCOS, diminished ovarian reserve, functional hypothalamic amenorrhea, premature ovarian insufficiency, and menopause. The conditions affecting male fertility include varicoceles, trauma, unhealthy habits that affect sperm production, the use of certain medications, cancer treatment, genetic disorders, and hormonal disorders. The increase in the above conditions will contribute to the growth of the market during the forecast period.

Key IVF Devices and Consumables Market Trend

Emerging trend of delayed pregnancies among women is one of the key IVF devices and consumables market trends that is expected to impact the industry positively in the forecast period. The average age of women with the first childbirth is increasing owing to factors such as the focus on careers and the lack of readiness to take up the responsibilities of childcare.his increases the risk of infertility because fertility declines with age. The rising chances of infertility, thereby increasing the potential demand for IVF devices and consumables. Moreover, fecundity begins to decrease after a woman reaches her 40s. Also, older pregnant women have an increased risk of placenta previa, gestational diabetes, operative delivery, hypertensive disorders, and maternal mortality. Also, with the increase in age, the supply of eggs depletes, and the risk of having a child with genetic disorders increases. Such factors will further boost the growth of the market in ficus in the forecast years.

Key IVF Devices and Consumables Market Challenge

One of the key challenges to the global IVF devices and consumables market growth is the high cost of the procedure as it includes the cost of ultrasound, blood tests, counseling, and cycle management planning. According to Fertility IQ, in the US, the average cost of one cycle of IVF is more than $20,000. However, since the typical IVF patient undergoes two cycles, the whole cost of IVF is often between $40,000 and $60,000. Monash IVF in Australia, offering various IVF services, provides approximate out-of-pocket expenses for an IVF cycle. For an initial IVF cycle, the cost is $4,787, and for subsequent IVF cycles, the cost is $4,174. Thus, the high cost of IVF cycles may hinder the growth of the market during the forecast period.

This IVF devices and consumables market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global IVF devices and consumables market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the IVF devices and consumables market during the forecast period.

Who are the Major IVF Devices and Consumables Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• BIOPSYBELL Srl
• CCD Laboratory
• Cook Medical LLC
• 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

 

This statistical study of the IVF devices and consumables market encompasses successful business strategies deployed by the key vendors. The IVF devices and consumables market is fragmented and the vendors are deploying growth strategies such as investment in R&D to compete in the market.

Product Insights and News

• BIOPSYBELL Srl - The company offers IVF devices and consumables that are indicated for ovum retrieval from the ovaries and reimplantation or cryopreservation. 
• BIOPSYBELL Srl - The unified segment of the company manufactures medical equipment for surgeries such as assisted reproductive technology, ortho biologics, spine, and others. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The IVF devices and consumables market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

IVF Devices and Consumables Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the IVF devices and consumables market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for IVF Devices and Consumables Market?

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37% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for IVF devices and consumables in North America. Market growth in this region will be faster than the growth of the market in Europe and ROW.

The significant increase in demand for ART procedures and the rise in the infertility rate in the population will facilitate the IVF devices and consumables market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 had a negative impact on the demand for IVF devices and consumables in North America as the supply chain network for medical devices came to a halt in the first half of 2020. This decreased the sales of medical devices in the region. However, the initiation of large-scale vaccination drives and restoration of the supply chain of medical devices revived the growth of the market in the first half of 2021. Furthermore, financial packages provided by the governments of countries in the region, such as the US, to stimulate the growth of the healthcare industry and the rising consolidation activities in the market will propel the growth of the regional IVF devices and consumables market during the forecast period.

What are the Revenue-generating Product Segments in the IVF Devices and Consumables Market?

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The IVF devices and consumables market share growth by the culture media and reagents segment will be significant during the forecast period. The major factors contributing to the growth of the segment include the increasing incidence of infertility among both men and women, the growing focus and awareness of ART procedures among more people, and the introduction of a variety of cultural media and reagents, which are suitable to grow and store the cells at various stages of IVF procedures. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the IVF devices and consumables market size and actionable market insights on post COVID-19 impact on each segment.

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IVF Devices market - The market has the potential to grow by USD 314.02 million during 2021-2025, and the market's growth momentum will decelerate at a CAGR of 7.58%.

Infertility Treatment Devices market - The market share is expected to increase by USD 722.40 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.75%.

IVF Devices and Consumables Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.7%
Market growth 2022-2026	$ 1.58 billion
Market structure	Fragmented
YoY growth (%)	5.11
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 37%
Key consumer countries	US, Canada, Germany, Spain, and India
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	BIOPSYBELL Srl, CCD Laboratory, Cook Medical LLC, 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., and Vitrolife AB
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive IVF devices and consumables market growth during the next five years
• Precise estimation of the IVF devices and consumables market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the IVF devices and consumables industry across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of IVF devices and consumables market vendors

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