In-Vitro
Fertilization Market will see an impressive growth during the forecast period,
2024-2028. This growth is accounted for by increasing
infertility rates, advancements in IVF technology, and a growing trend towards
delaying childbirth.
In-vitro
fertilization (IVF) is a medical procedure that involves fertilizing an egg
with sperm outside the body in a laboratory dish and then transferring the
embryo to the uterus. It is a widely used assisted reproductive technology
(ART) that has helped millions of couples worldwide to conceive.
Infertility
rate has been increasing globally. This is one of the key factors driving the
growth of the IVF market. Several factors, including lifestyle changes,
pollution, and an increase in age-related infertility, have contributed to the
rising infertility rates.
Technological
advancements in IVF have made the procedure safer, more effective, and less
invasive. The use of preimplantation genetic testing (PGT) to screen embryos
for genetic abnormalities, for example, has increased the success rates of IVF
and reduced the risk of genetic disorders.
Medical
tourism has emerged as a key driver of the IVF market in recent years. Patients
from countries where IVF treatment is either expensive or unavailable are
increasingly traveling to other countries to undergo treatment. This has helped
to boost demand for IVF in countries with advanced IVF infrastructure and
expertise.
The
growing trend of fertility preservation, particularly among cancer patients, is
driving demand for IVF services. As more people seek to preserve their
fertility before undergoing treatments that could potentially harm their
reproductive capacity, in such cases, IVF is becoming an increasingly important
option.
A
growing trend towards delaying childbirth has contributed to the growth of the
IVF market. Women are now focusing on their careers and delaying pregnancy
until later in life. This has led to a higher demand for IVF services, as women
over the age of 35 are more likely to experience infertility.
However,
with any rapidly growing industry, the IVF market faces challenges that could
impact its long-term sustainability and success. One of the primary challenges
the IVF market is facing is the cost of treatment. IVF is an expensive
procedure, and even in countries with universal healthcare, access to IVF is
often limited to those who can afford it. This has led to concerns about the
affordability of IVF, particularly as demand for the treatment continues to
rise.
Another
challenge being faced by the IVF market is the ethical and moral considerations
associated with the procedure. There are concerns that IVF could be used to
create designer babies, or that embryos may be discarded or used for research
purposes without consent. As a result, there is a need for clear guidelines and
regulations to ensure that IVF is used ethically and responsibly.
The
procedure's high rate of multiple births will also impede market expansion in
the coming years. To improve the probability of success, IVF frequently
involves the transfer of numerous embryos, but this can lead to multiple
pregnancies, which are linked to a higher risk of issues like early birth and
low birth weight. To lower the probability of multiple births, more efficient
embryo selection techniques are required.
Rising
Infertility Rates
Rising
infertility rates are one of the key drivers of the market for in-vitro
fertilization (IVF) in the forecast period. Infertility is becoming more
prevalent worldwide due to a range of factors, including changing lifestyles,
delayed childbearing, and increasing incidence of conditions such as polycystic
ovary syndrome (PCOS). As a result, there is a growing demand for IVF as a
solution to infertility, which is expected to drive growth in the IVF market.
As
infertility rates continue to rise, more people are turning to IVF as a
solution to their fertility problems. IVF is particularly useful for couples
who have been trying to conceive for a long time without success, or who have
other medical conditions that prevent them from conceiving naturally.
The
rising demand for IVF services is expected to drive growth in the IVF market in
the forecast period. This growth is expected to be particularly strong in
developing countries, where access to IVF services is limited but the need for
infertility treatments is high. In these countries, the market for IVF services
is expected to grow as more people become aware of the benefits of IVF and as
healthcare systems become more advanced.
Furthermore,
advancements in technology have made IVF more accessible and affordable. For
example, improvements in embryo culture, cryopreservation, and laboratory
techniques have all contributed to higher success rates and lower costs, making
IVF more accessible to a wider population. This has further increased the
demand for IVF services and is expected to drive the growth of the IVF Market in
the forecast period.
Rising
infertility rates are expected to be a key driver of the global market for in-vitro
fertilization in the forecast period. As more people struggle with infertility,
the demand for IVF services is expected to increase, particularly in developing
countries where access to infertility treatments is limited.
Advancements
in IVF Technology
IVF
demand has increased as an outcome of advancements in IVF technology. Since the
first birth made possible by IVF in 1978, much has been accomplished. Today,
IVF is a highly sophisticated procedure that involves multiple steps and
advanced technologies.
One
of the most significant advances in IVF technology is Preimplantation Genetic
Testing (PGT). PGT allows embryos to be screened for genetic disorders before
they are implanted into the uterus. PGT can improve the success rates of IVF
and reduce the risk of genetic disorders in offspring.
Another
advancement in IVF technology is the use of time-lapse imaging. Time-lapse
imaging allows embryologists to monitor the development of embryos in
real-time, providing more detailed information about their viability and
quality.
In
addition to these advances, IVF clinics are now offering a range of services,
including egg freezing, sperm banking, and surrogacy. These services provide
more options for couples struggling with infertility and have contributed to
the growth of the IVF market.
Shift
Towards Delayed Childbirth
The
shift towards delayed childbirth is another factor responsible for the growth
of the global market of in-vitro fertilization (IVF) in the forecast period.
With changing social and economic factors, people are choosing to delay having children
until later in life. This delay in childbearing has been associated with an
increased risk of infertility due to age-related factors, such as decreased
ovarian reserve and an increased incidence of conditions like endometriosis.
As
more people choose to delay having children, the demand for IVF services is
expected to increase. IVF has become a viable option for couples who are
struggling with infertility due to age-related factors. IVF treatment can help
women to conceive using their own eggs, even if their ovarian reserve has
declined. This means that women who are past their natural fertility window
can conceive.
Moreover,
the advancements in IVF technology, including improved embryo culture and
cryopreservation techniques, have increased the chances of successful
conception using IVF treatment. These advancements have resulted in higher
success rates and lower costs, making IVF more accessible and affordable for
couples who are looking to conceive.
The
shift towards delayed childbirth is expected to drive the growth of the IVF
market in the forecast period. This growth is expected to be particularly
strong in developed countries, where the trend towards delayed childbirth is
most pronounced. In these countries, IVF treatment has become an increasingly
popular option for couples who are struggling with infertility due to
age-related factors.
The
shift towards delayed childbirth is expected to be a key driver of the global
market for in vitro fertilization in the forecast period. As more people delay
having children, the demand for IVF services is expected to increase,
particularly in developed countries where the trend is most pronounced.
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Market
Segmentation
Global In-Vitro
Fertilization Market can be segmented based on technique, product, egg donor,
infertility, application, and region. Based on technique, the market can be divided
into ICSI
IVF and non-ICSI/ traditional IVF. Based on product, the market is divided into IVF
culture media, ICSI machine, IVF incubators, cryo-system, and others. Based on
egg donor, the market is divided into frozen non-donor, fresh
non-donor, frozen donor, and fresh donor. Based on infertility, the market can
be divided into male and female. Based on application,
the market is divided into fertility clinics, hospitals, and others.
Regionally, the In-Vitro Fertilization Market can be categorized into North
America, Europe, Asia Pacific, South America, and Middle East & Africa.
Market Players
The Fertility
Center of Las Vegas, Overlake Reproductive Health, Gennet City Fertility, Zita
West Clinic, Fertility Plus Clinic, Nova IVF Centre and Fertility Clinic, Bloom
IVF Centre, Progenesis Fertility Center, Medicana IVF Center, Medical Park
Hospitals, ART Fertility Clinics, Millennium Medical Center (MMC) IVF Fertility
Center, Tambre Fertility Clinic, Medical Park Hospitals, Hisar Hospital among
others are the leading players operating in the Global In-Vitro Fertilization
Market.
|
Attribute
|
Details
|
|
Base
Year
|
2022
|
|
Historic
Data
|
2018 –
2021
|
|
Estimated
Year
|
2023
|
|
Forecast
Period
|
2024
– 2028
|
|
Quantitative
Units
|
Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
|
|
Report
coverage
|
Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends
|
|
Segments
covered
|
By Technique
By Product
By Egg Donor
By Infertility
By Application
|
|
Regional
scope
|
North
America, Europe, Asia Pacific, South America, Middle East & Africa
|
|
Key
companies profiled
|
The Fertility Center of Las Vegas, Overlake Reproductive
Health, Gennet City Fertility, Zita West Clinic, Fertility Plus Clinic, Nova
IVF Centre and Fertility Clinic, Bloom IVF Centre, Progenesis Fertility
Center, Medicana IVF Center, Medical Park Hospitals, ART Fertility Clinics,
Millennium Medical Center (MMC) IVF Fertility Center, Tambre Fertility
Clinic, Medical Park Hospitals, Hisar Hospital
|
|
Customization
scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing
and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, Global In-Vitro Fertilization Market has been segmented into following
categories, in addition to the industry trends which have also been detailed
below:
- In-Vitro Fertilization Market,
By Technique:
o
ICSI
IVF
o
Non-ICSI/
Traditional IVF
- In-Vitro Fertilization Market, By Product:
o
IVF
Culture Media
o
ICSI
Machine
o
IVF
Incubators
o
Cryo-System
o
Others
- In-Vitro Fertilization Market, By Egg
Donor:
o
Frozen
Non-donor
o
Fresh
Non-donor
o
Frozen
Donor
o
Fresh
Donor
- In-Vitro Fertilization Market, By Infertility:
o
Male
o
Female
- In-Vitro Fertilization Market, By Application:
o
Fertility
Clinics
o
Hospitals
o
Others
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Global In-Vitro Fertilization Market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Global In-Vitro Fertilization Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]