In-vitro Fertilization Microscopes Market By Type (Upright Microscopes, Inverted Microscopes, Stereo Microscopes, Embryo Microscope), By End User (Clinical, Academic Research): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global In-vitro fertilization microscope market is envisioned to garner $250.4 million by 2031, growing from $105.4 million in 2021 at a CAGR of 9.4% from 2022 to 2031.
IVF has become one of the most popular forms of assisted reproductive technology for infertility and gestational surrogacy. During the IVF procedure, an egg is in vitro combined with sperm. People who are unable to conceive naturally may be able to use this method to have a baby. The rise in cases of infertility worldwide is providing a significant impetus to the growth of the in-vitro fertilization and in-vitro fertilization microscope market. According to the World Health Organization (WHO), approximately 48 million couples and 186 million individuals worldwide suffer from infertility. During the forecast period, this is expected to continue to drive demand for in vitro fertilization, which is further anticipated to drive the demand for in-vitro fertilization microscope market.
Despite positive growth projections, certain factors are impeding the growth of the IVF market. Some of these factors include the high cost of IVF treatments, a lack of proper reimbursement policies, and declining IVF treatment success rates, hence, hindering the In-vitro fertilization microscope market growth.
The rise in prevalence of infertility among men and women is expected to drive growth in the market for IVF microscopes. According to World Health Organization data, approximately 186 million people and approximately 48 million couples worldwide suffer from infertility. In 2020, approximately 0.29 million IVF cycles were initiated in the U.S. according to the U.S. Society of Assisted Reproductive Technology (SART). Furthermore, rise in awareness & advancements in IVF technology, an increase in the number of delayed pregnancies, and surge in infertility among couples are the factors driving the IVF microscope market. Multiply, an IVF-tech firm, for example, unveiled an AI-based platform designed to replace traditional operations in IVF facilities in December 2021.
The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were on a standstill. Moreover, there were import-export restrictions laid down on major microscope manufacturing companies in countries such as the U.S. and China, which imposed significant challenges on the market. Owing to the sudden shutdown of activities to prevent the spread of infection during the pandemic, there was a decrease in the manufacturing and supply of all types of medical devices, including microscopes.
The key players profiled in this report include Linkam Scientific Instruments, Olympus Corporation, Leica Microsystems, Meiji Techno, Zeiss, Euromex Microscopen B.V., Labomed Europe B.V., Nikon Corporation, Narishige Group, Eppendorf AG, and Hamilton Thorne Ltd.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the in-vitro fertilization microscopes market analysis from 2021 to 2031 to identify the prevailing in-vitro fertilization microscopes 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 in-vitro fertilization microscopes 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 in-vitro fertilization microscopes market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Upright Microscopes
Inverted Microscopes
Stereo Microscopes
Embryo Microscope
By End User
Clinical
Academic Research
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
United Arab Emirates
South Africa
Rest of LAMEA
Key Market Players
LINKAM SCIENTIFIC INSTRUMENTS
Olympus Corporation
Leica Microsystems
Meiji Techno.
ZEISS International
Euromex Microscopen B.V.
Labomed Europe B.V.
Nikon Corporation
NARISHIGE Group.
hamilton thorne, inc.
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