The in vitro fertilization (IVF) market is a sector within the healthcare industry that deals with the assisted reproductive technology used to achieve pregnancy. IVF involves fertilizing an egg with sperm outside the body and then transferring the embryo to the uterus. This market encompasses various products and services, including fertility drugs, IVF equipment, and embryo transfer techniques. It addresses the growing demand for fertility treatments due to rising infertility rates and offers hope to couples facing difficulties in conceiving naturally.
According to the new market research report "In Vitro Fertilization Market by Product (Micromanipulators, Incubators, Cabinets, Imaging System, Laser System, Reagents & Accessories), Type (Conventional IVF, IVF with ICSI), End User (Fertility Clinics, Hospitals, Cryobanks) & Region - Global Forecast to 2026"
The global in vitro fertilization market in terms of revenue was estimated to be worth $638 million in 2021 and is poised to reach $987 million by 2026, growing at a CAGR of 9.1% from 2021 to 2026.
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Driver: Growth in median age of first-time mothers
Globally, and particularly in developed nations, the median age of first-time mothers has been rising. This is a result of a number of things, such as women pursuing higher education and career opportunities, delaying marriage, and growing acceptance of unmarried women having children. As more couples seek fertility treatments to conceive, this is increasing demand for in vitro fertilization (IVF) services. Over the course of the forecast period, the market for in vitro fertilization is anticipated to grow due to the rising median age of first-time mothers.
Market key Players
The prominent players operating in in vitro fertilization market includes Cooper Companies Inc. (US), Cook Group (US), Vitrolife (Sweden), Thermo Fisher Scientific, Inc. (US), Esco Micro Pte. Ltd. (Singapore), Genea Limited (Australia), IVFtech ApS (Denmark), FUJIFILM Irvine Scientific (US), The Baker Company, Inc. (US), Kitazato Corporation (Japan), Rocket Medical plc (UK), Hamilton Thorne Ltd. (US), ZEISS Group (Germany), FERTIPRO NV(Belgium), and Gynotec B.V. (Netherlands)
Report Objectives
- To provide detailed information regarding the major factors (such as drivers, restraints, opportunities, and challenges) influencing the market growth
- To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To strategically analyze the market structure and profile the key players of the market and comprehensively analyze their core competencies
- To forecast the size of the market segments with respect to four regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
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