IVF Devices and Consumables Market By Product (Instruments, Accessories and Disposables, Reagents and Media), By Technology (Fresh Embryo IVF, Frozen Embryo IVF, Donor Egg IVF), By End User (Fertility Clinics, Hospitals, Surgical Centers, Clinical Research Institutes): Global Opportunity Analysis and Industry Forecast, 2023-2032
The IVF devices and consumables market was valued at $2.2 billion in 2022 and is estimated to reach $12 billion by 2032, exhibiting a CAGR of 18.4% from 2023 to 2032.
In vitro fertilization (IVF) is a medical procedure in which an egg and sperm are combined outside the body to create an embryo, which is then implanted in the uterus for pregnancy. IVF has become a common and widely used assisted reproductive technology (ART) to help individuals and couples overcome infertility. The process involves several steps, and various devices and consumables are used to facilitate each stage of IVF. IVF devices encompass a range of equipment specifically engineered for various aspects of fertility treatment. These devices include incubators to provide an optimal environment for embryo development, micromanipulation tools for the delicate handling of eggs and sperm during the fertilization process, and cryopreservation devices for storing embryos or reproductive cells for future use. In addition, imaging systems are employed to monitor and assess embryo development.
The growth of the global IVF devices and consumables market is majorly driven by an increase in trend of delayed pregnancies, surge in awareness about fertility treatments, and technological advancements in IVF devices. Furthermore, the rise in infertility rates globally has been a significant driver of the IVF devices and consumables market. Moreover, lifestyle changes, delayed pregnancies, and various medical conditions contribute to higher incidences of infertility, prompting individuals and couples to seek assisted reproductive technologies.
In addition, the increase in the number of fertility clinics across the globe has improved accessibility to IVF procedures. As these clinics expand their reach to smaller cities and towns, more people are becoming aware of the availability of various IVF procedures and treatments. This rise in awareness, coupled with advancements in medical technologies, is expected to increase the demand for IVF devices and consumables during the forecast period.
Furthermore, government initiatives and policies supporting infertility treatments, including financial assistance and insurance coverage, surge in number of gamete donations, and increase in healthcare expenditure worldwide act as the key driving forces of the global market. Moreover, increased awareness about fertility treatments, coupled with a reduction in social stigma surrounding infertility, has led to greater acceptance of IVF as a viable solution, which is expected to drive the market growth. For instance, the National Infertility Awareness Week (NIAW) in April 2022 shed light on the commonality of fertility issues, with 186 million individuals and 48 million couples worldwide facing fertility issues. The change in societal attitudes has expanded the market by encouraging more people to consider assisted reproductive technologies.
However, higher cost of treatment, complications associated with IVF, and lack of awareness among the population especially in underdeveloped economies impede market growth. In contrast, surge in number of fertility clinics & service providers and high growth potential in emerging countries are anticipated to provides lucrative opportunity for the market growth during the forecast period.
The global IVF devices and consumables market is segmented into product, technology, end user, and region. By product, the market is classified into instruments, accessories & disposables, and reagents & media. The instruments segment is further categorized into sperm separation systems, cryosystems, incubators, imaging systems, ovum aspiration pumps, cabinets, micromanipulators, and others. The reagents & media is sub segmented into cryopreservation media, semen processing media, ovum processing media, and embryo culture media.
By technology, the market is classified into fresh embryo IVF, frozen embryo IVF, and donor egg IVF. Depending on end user, it is segregated into fertility clinics, hospital, surgical centers, and clinical research institutes. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The key players that operate in the global IVF devices and consumables market are Cook Group, Cooper Companies, Inc. Genea Limited, Fujifilm Holdings Corporation, Hamilton Thorne Ltd., Vitrolife AB, Esco Micro Pte. Ltd., Nidacon International AB, Kitazato Corporation, and Thermo Fisher Scientific, Inc. These players have adopted product launch, expansion, agreement, acquisition, and collaboration as their key strategies to expand their product portfolio and strengthen their foothold in the market.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ivf devices and consumables market analysis from 2022 to 2032 to identify the prevailing ivf devices and consumables market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the ivf devices and consumables market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global ivf devices and consumables market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy End UserClinical Research Institutes
Fertility Clinics
Hospitals
Surgical Centers
By ProductInstruments
Type
Sperm Separation System
Cryosystem
Incubator
Imaging System
Ovum Aspiration Pump
Cabinet
Micromanipulator
Others
Accessories and Disposables
Reagents and Media
Type
Cryopreservation Media
Semen Processing Media
Ovum Processing Media
Embryo Culture Media
By TechnologyFresh Embryo IVF
Frozen Embryo IVF
Donor Egg IVF
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market PlayersVitrolife AB
Kitazato Corporation
Hamilton Thorne Ltd.
Nidacon International AB
Esco Micro Pte. Ltd.
Cooper Companies, Inc.
Fujifilm Holdings Corporation
Genea Limited
Thermo Fisher Scientific, Inc.
Cook Group
Please Note: It will take 7-10 business days to complete the report upon order confirmation.