In Vitro Fertilization (IVF) Devices Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, UK, Germany, France, China - Size and Forecast 2024-2028

IVF Devices Market Size 2024-2028

The global In-vitro Fertilization Devices Market size is estimated to grow by USD 411.62 million, at a CAGR of 7.67% between 2023 and 2028. Some of the fertility tourism countries include India, Israel, Belgium, and Russia. Israel offers reimbursement for the total cost of treatment associated with IVF for women aged below 45, married or single, for up to two children, regardless of the number of procedures required. Also, India offers cost-effective fertility services and has several skilled English-speaking medical professionals. The country also has several donors and surrogates. There are about 300 fertility clinics in India. India's potential has led to the setting up of branches by many global corporate IVF clinics. For instance, Bourn Hall Clinic, a reputed clinic for fertility treatment, has established its fertility centers in Kochi and Gurgaon, India. As a result, with the increase in fertility tourism, the demand for fertility services is expected to grow, which will enhance the growth of the global market during the forecast period.

The In-vitro fertilization market research and growth report also includes an in-depth market growth analysis of drivers, trends, and challenges. Our report examines historic data from 2018 to 2022 besides analyzing the current market scenario.

What will be the size of the In-Vitro Fertilization during the Market Forecast Period?

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IVF Market Overview

The IVF devices market is witnessing significant growth, driven by rising infertility issues and delayed parenthood trends globally. Fertility treatments, including assisted reproductive technologies (ART), IVF procedures, and embryo selection systems, are becoming increasingly popular solutions for couples facing difficulties conceiving. Advanced technologies like specialized micromanipulation tools, time-lapse incubators, and imaging systems are enhancing the success rates of IVF treatments by aiding in precise embryo selection and monitoring. Despite the surge in cases of infertility, particularly in underdeveloped economies, ongoing research and innovations are expanding access to these treatments. Healthcare infrastructure and healthcare policies play pivotal roles in shaping the market landscape, with pricing strategies and consumer behavior also influencing market dynamics. The market encompasses a wide range of instruments and accessories & disposables segments, from sperm separation systems, cryosystems, and incubators to ovum aspiration pumps and micromanipulators. Fertility tourism is on the rise, driven by differences in healthcare costs and socio-cultural norms. Moreover, the increasing popularity of fresh embryo IVF, frozen embryo IVF, and donor egg IVF is reshaping the services offered by fertility clinics, hospitals, surgical centers, and clinical research institutes. Lifestyle changes, medical tourism, and reproductive health disorders further contribute to the market's growth trajectory.

The IVF devices Market is driven by innovative technologies such as AI-based platforms and Testicular Sperm Extraction (PESA and TESE), facilitated by organizations like the International Bar Association and the Center for Technology & Venture Commercialization (TVC), while offering a range of solutions including Sperm separation systems, Embryo Options, and Cryo systems, meeting the demands of ART (Assisted Reproductive Technologies) and enhancing the efficacy of procedures like PICSI (Physiological Intra-cytoplasmic Sperm Injection), supported by leading players like Cook Medical and Reproductive Biomedicine and Society Online.

IVF Market Segmentation

In the culture media and reagents segment of the Global In-vitro fertilization Devices Market, advancements in assisted reproductive technology (ART) have revolutionized fertility treatments. Cell culture media and reagents play a critical role in facilitating IVF procedures, allowing for the multiplication and nurturing of embryos. With the growing demand for ART services worldwide and the increasing prevalence of infertility issues, the market for culture media and reagents is expanding rapidly. Fertility clinics like Pinnacle Fertility and Oasis Fertility rely on high-quality media and reagents to support successful IVF treatments. Sperm separation systems, incubators, and cryo systems are integral components of IVF procedures, ensuring optimal conditions for fertilization and embryo development. Reagents and media are meticulously formulated to provide the necessary nutrients and support for embryos during their growth process. As fertility rates fluctuate globally, the International Bar Association continues to monitor legal and ethical aspects surrounding ART practices. With a focus on innovation and quality, the culture media and reagents segment continues to evolve, offering hope to individuals and couples seeking to build their families through IVF technologies.

By Product Analysis

The market share growth by the culture media and reagents segment will be significant during the forecast period. Culture media and reagents are essential for nurturing the growth and maturation of embryos outside of the human body. These specialized substances are used in IVF laboratories to create an environment that mimics the conditions within the female reproductive tract, allowing embryos to develop and mature before they are selected for transfer into the uterus. 

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The culture media and reagents segment was the largest and was valued at USD 284.46 million in 2018. Culture media are essential for mixing eggs and sperm during the insemination process, allowing fertilization to occur. In the case of ICSI, a specialized microinjection culture medium is used for the microinjection of a single sperm into an egg. Following fertilization, embryos are cultured in specific culture media to support their growth and development. These media provide the necessary nutrients, ions, pH, and osmolality levels to create an optimal environment for embryo development. Moreover, when embryos are not transferred immediately, they can be cryopreserved (frozen) for future use. Specialized cryopreservation media and solutions are used to protect embryos during freezing and thawing processes. Thus, these uses will support the growth of the culture media and reagents, which will strengthen the growth of the global market during the forecast period.

Regional Analysis

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North America is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. The Market in North America is expected to grow significantly during the forecast period. A rising trend of infertility due to various factors, including delayed childbearing, lifestyle changes, and medical conditions, has led to a higher demand for fertility treatments, including in North America which increases the market demand. North America boasts a well-developed healthcare infrastructure and a high standard of medical care, which includes access to cutting-edge technologies and treatments. As the population in North America continues to age, more individuals and couples are seeking fertility treatments due to age-related fertility challenges, driving the demand for services and devices.

In addition, North America attracts patients from other countries for reproductive tourism due to its advanced medical facilities, experienced healthcare professionals, and favorable regulatory environment. North America generally has regulatory frameworks that support and govern treatments, ensuring the safety and quality of procedures. North America is a hub for clinical research and trials related and reproductive technologies, leading to innovation and Market expansion. Thus, these factors will contribute to the growth of the market during the forecast period.

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IVF Market Dynamics and Customer Landscape

The Global IVF Devices Market witnesses significant contributions from key players like CooperSurgical and Generate Life Sciences, facilitating Assisted Reproductive Technologies (ART) services through advanced technologies such as Ion AmpliSeq Polyploidy Kit and AI-based platforms, while organizations like the National Center for Biotechnology and Information (NCBI) and International Fertility Education Initiative (IFEI) offer crucial resources and education initiatives for reproductive biomedicine. Additionally, innovations in sperm separation systems, cryo systems, and reagents & media, along with techniques like Testicular Sperm Extraction (PESA and TESE) and PICSI (Physiological Intra-cytoplasmic Sperm Injection), enhance the efficacy of ART procedures, shaping the future of fertility treatments globally. There are multiple factors influencing market growth. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. 

Key Market Drivers

The rising prevalence of late parenthood is notably driving the market growth. Increased age of parenthood is one of the major factors leading to infertility problems. In fact, it has severely affected European countries and some Asian countries, such as Japan. The global median age for bearing the first child has drastically increased over the past few decades. Factors such as the growing use of various contraceptive technologies, increasing focus on higher education and career, and urbanization have led to the rising median age of first pregnancy, leading to falling fertility rates which resulted in the in-vitro fertilization devices market expansion. 

However, high-quality reproductive care, less-restrictive legal conditions, affordable treatment costs, and liberal social, ethical, and religious views in medical tourism countries offering fertility care have, to a large extent, attracted individuals seeking to have a child. Thus, the rising prevalence of late parenthood will drive the growth of the market during the forecast period.

Significant Market Trends

Rapid technological advancements in IVF procedures is an emerging trend shaping the market growth. Technological innovations in procedures have led to improved success rates. This includes advancements in embryo selection techniques, time-lapse imaging, and culture media, which enhance the likelihood of a successful pregnancy. As success rates increase, the demand for services and devices grows along with in-vitro fertilization devices market growth.  Moreover, advances in cryopreservation techniques for freezing and thawing embryos and gametes have improved the survival and quality of cryopreserved materials.

However, telemedicine and remote monitoring solutions allow healthcare providers to monitor patients during cycles without frequent in-person visits. These technologies may involve specialized monitoring devices which can have a positive impact on the market growth. Thus, rapid technological advancements in procedures will drive the growth of the market during the forecast period. 

Major Market Challenges

Ethical and social concerns associated are a significant challenge hindering market growth. The in-vitro fertilization devices market is hampered by ethical concerns over ART (Assisted reproductive technology) procedures across the globe. New reproductive technologies have spawned various ethical concerns and attracted public debate and wide media attention. This raises various moral and legal issues, such as guidelines for semen banking, the legality of surrogacy, the mode of conceiving, and the child's right to access his/her genetic background. The monitoring of ART procedures is essential to avoid exploitation of ethical concerns. 

In addition, ethical issues around third-party ART involve the selection and sale of reproductive materials and the regulations, rights, and responsibilities of the collaborators which will limit the market growth. Thus, the social and ethical concerns associated with this could impede the growth of the global market in focus during the forecast period.

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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 growth and trends report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

Global Market Customer Landscape

IVF Market Analyst Overview

The market encompasses a wide array of technologies and solutions aimed at assisting in-vitro fertilization procedures. Stakeholders in reproductive bio-medicine, such as Pinnacle Fertility and Oasis Fertility, rely on advanced devices like the Ion ReproSeq PGT-A Kit and MINC+ Benchtop Incubator. These devices facilitate various assisted reproduction technologies, including Intracytoplasmic Sperm Injections and Testicular Sperm Extraction. Suppliers like Genea Biomedx and Cook Medical offer essential equipment and solutions, while AI-powered technologies enhance sperm and egg selection processes. Despite high costs and low success rates, the market continues to grow, driven by increasing demand in both developed nations and emerging economies, where factors like delaying marriage and delayed parenthood contribute to the need for IVF services.

The market is a vital component in addressing fertility challenges worldwide. Innovations like the DishTrace platform from the Center for Technology & Venture Commercialization (TVC) enhance treatment options, despite restrictive regulations in some regions. With the median age of first-time mothers increasing, in-vitro fertilization services are in high demand, necessitating advanced devices and technologies. Ovaries, health insurance coverage, and medication play crucial roles in IVF cycles, ensuring comprehensive healthcare services. This market thrives on cutting-edge medical technology, promoting affordability and accessibility, particularly in emerging countries. Awareness about infertility clinics and the efficacy of infertility treatment, especially with advancing age affecting the quality of eggs and sperm, underscores the importance of innovations like assisted hatching and intracytoplasmic sperm injection (ICSI) in a laboratory setting.

Segment Overview

The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

• Product Outlook 
  • Culture media and reagents
  • Accessories and disposables
  • Instruments
• End-user Outlook 
  • Fertility clinics
  • Hospitals
  • Research centers
• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • Rest of World (ROW)
    • Brazil
    • Argentina
    • Australia 

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Market Scope
Report Coverage	Details
Page number	161
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 7.67%
Market Growth 2024-2028	USD 411.62 million
Market structure	Fragmented
YoY growth 2023-2024(%)	7.47
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 43%
Key countries	US, UK, Germany, France, and China
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	ASTEC CO. Ltd., Cook Group Inc., Cryotech, Esco Micro Pte. Ltd., FUJIFILM Corp., Genea Ltd., Gynotec BV, Hamilton Thorne Ltd., KITAZATO Corp., LabIVF Asia Pte Ltd., Merck and Co. Inc., NidaCon International AB, Nikon Corp., Progyny Inc., Rocket Medical Plc, The Cooper Companies Inc., Thermo Fisher Scientific Inc., and Vitrolife AB
Market dynamics	Market trends and 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 the forecast period.
Customization purview	If our market 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 IVF Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2024 and 2028
• Precise estimation of the market size and its contribution to the market in focus on the parent market
• Detailed analysis of customer landscape covering Diver of price sensitivity, Adoption of the lifecycle, and key purchase criteria 
• Companies landscape comparing criticality of inputs and factors of differentiation
• Exclusive Matrix on the company's position and classification
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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