Global In Vitro Fertilization Market Size By Product (Equipment, Consumables), By Cycle (Fresh Non-donor Cycle, Frozen Donor IVF Cycle), By End-User (Fertility Clinics, Hospitals), By Geographic Scope And Forecast

In Vitro Fertilization Market Size And Forecast

In Vitro Fertilization Market size was valued at USD 719.39 Million in 2024 and is projected to reach USD 1402.17 Million by 2031, growing at a CAGR of 8.70% from 2024 to 2031.

• In Vitro Fertilization (IVF) is a medical technique that helps couples who are having difficulty conceiving. It entails removing eggs from a woman’s ovaries, fertilizing them with sperm in a laboratory, and then placing the resulting embryo(s) back into her uterus for implantation. IVF is commonly used to treat a variety of infertility concerns, such as blocked fallopian tubes, male infertility, and age-related reproductive challenges. The procedure is also used to genetically examine embryos to prevent inherited disorders and for fertility preservation, such as storing eggs or embryos for later use.
• IVF seems promising due to technology breakthroughs and rising global demand for fertility treatments. Innovations such as artificial intelligence (AI) in embryo selection, higher success rates, and lower prices are projected to increase IVF accessibility and effectiveness.
• The increased awareness of fertility disorders, as well as breakthroughs in reproductive genetics, are expected to fuel market expansion. The IVF industry is expected to grow, particularly in regions with older populations and advanced healthcare infrastructure, as fertility treatments become more widely accepted and delayed parenthood becomes more common.

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Global In Vitro Fertilization Market Dynamics

The key market dynamics that are shaping the global in vitro fertilization market include:

Key Market Drivers:

• Increasing Prevalence of Infertility: According to the WHO, the increasing prevalence of infertility is a major driver of the In Vitro Fertilization (IVF) market, affecting approximately 15% of couples globally. According to the CDC, approximately 6% of married women aged 15-44 in the US are unable to conceive after one year of trying. This rising infertility rate fuels demand for IVF, as more couples seek assisted reproductive technologies to solve fertility issues caused by variables such as delayed childbirth, lifestyle changes, and environmental impacts. As infertility rates rise, so will the demand for advanced fertility therapies such as IVF.
• Delayed Childbearing: Delayed childbearing is boosting the IVF market as more couples want to have children later in life, which typically necessitates fertility treatments. The National Center for Health Statistics reported that the average age of first-time moms in the United States increased from 21.4 years in 1970 to 26.9 years in 2018. As women age, their fertility naturally diminishes, increasing the possibility of using assisted reproductive technologies such as IVF to conceive. This shift in family planning tendencies has considerably increased the need for fertility treatments.
• Advancements in IVF Technology: Advances in IVF technology have resulted in much higher success rates, fueling market expansion. According to the Society for Assisted Reproductive Technology (SART), the live birth rate per egg extraction for women under 35 who used their own eggs climbed from about 30% in 1995 to more than 50% by 2016. These advancements, which include better embryo selection techniques and more efficient lab operations, make IVF more effective and accessible, encouraging more couples to consider it as a viable fertility treatment option. Higher success rates alleviate the emotional and financial hardship of many efforts, hence raising demand.

Key Challenges:

• Ethical and Religious Concerns: Ethical and religious groups frequently oppose In Vitro Fertilization (IVF), believing that the creation and discarding of embryos outside the womb is morally dubious. This sparks societal discussions and prohibitions in some areas, making it difficult for IVF clinics to operate freely, especially in conservative countries.
• Emotional and Psychological Stress: The IVF process is emotionally and psychologically draining, and the uncertainty of the outcome adds to patients’ anxiety. High failure rates, despite technical breakthroughs, can cause anxiety, despair, and stress, discouraging couples from seeking therapy. This psychological strain may decrease demand for IVF services.
• Health Risks and Complications: IVF therapies can result in ovarian hyperstimulation syndrome (OHSS), multiple births, and an increased risk of premature delivery. These risks cause concern among potential patients, reducing their willingness to undergo the surgery. The notion of potential risks may discourage market adoption.

Key Trends:

• Rising Infertility Rates: Increased infertility rates around the world, caused by causes such as delayed childbirth, lifestyle changes, and environmental variables, are driving demand for IVF treatments. As more couples struggle to conceive naturally, the need for assisted reproductive technologies such as IVF increases, driving market development.
• Technological Advancements: Advances in IVF technology, such as preimplantation genetic testing (PGT) and embryo cryopreservation, have increased success and outcomes. These innovations make IVF more efficient and affordable, enabling more couples to undergo the process and boosting market growth as success rates rise.
• Supportive Policies and Reimbursements: In some countries, governments are implementing rules and reimbursement schemes to make IVF treatments more inexpensive and accessible to residents. These regulations are boosting market growth by allowing more couples to undertake IVF procedures with financial assistance, resulting in increased overall demand for fertility services.

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Global In Vitro Fertilization Market Regional Analysis

Here is a more detailed regional analysis of the global in vitro fertilization market:

North America:

• North America remains the global leader for in vitro fertilization (IVF), owing to superior healthcare infrastructure and widespread accessibility. The region has a well-established network of fertility clinics and research centers, with the Centers for Disease Control and Prevention (CDC) projecting that 448 fertility clinics in the United States will perform 326,468 assisted reproductive technology (ART) cycles in 2020. High adoption rates, along with affordable health insurance, make IVF treatments more accessible. In 2019, 77,998 babies were delivered via ART treatments in the United States, accounting for around 2.1% of total births. The combination of superior medical facilities and widespread accessibility is a big contributor to North America’s IVF market domination.
• Technological advances and supporting regulatory frameworks are driving IVF market expansion in the area. North America has pioneered IVF technology, resulting in much higher success rates, with the American Society for Reproductive Medicine (ASRM) reporting over 55% live birth rates per egg retrieval for women under 35 in 2019. The rising prevalence of infertility, which affects 19% of U.S. women aged 15 to 49 with no previous children, has increased demand for reproductive treatments. Furthermore, 19 U.S. states now require insurance coverage for infertility treatments, increasing accessibility.

Asia Pacific:

• The Asia-Pacific region is experiencing the highest growth in the In Vitro Fertilization (IVF) market, owing to increased awareness and prevalence of infertility. Countries such as China, India, and Japan are raising awareness about infertility and accessible IVF therapies. The Indian Society of Assisted Reproduction believes that 10-14% of the Indian population is infertile, with approximately 27.5 million couples actively seeking help. Similarly, infertility rates in China have increased from 12% in 2007 to 18% in 2020, according to the National Health Commission. The increased awareness and recognition of infertility as a serious health issue is driving demand for IVF procedures in the region.
• Changing demographics, government backing, and increased disposable incomes all help to drive the Asia-Pacific IVF market forward. Aging populations and delayed childbirth are creating a favorable climate for IVF services; for example, the average age of first-time mothers in China has risen from 24.1 years in 2011 to 26.3 years by 2020. In response to dropping birth rates, some governments are offering financial incentives and insurance coverage for IVF procedures, such as Singapore’s 75% co-funding of Assisted Reproduction Technology (ART) therapies and Japan’s national health insurance coverage for IVF beginning in 2022. The growing middle-class population makes IVF more affordable, with healthcare spending per capita in East Asia & Pacific rising from $571 in 2010 to $937 by 2019.

Global In Vitro Fertilization Market: Segmentation Analysis

The Global In Vitro Fertilization Market is Segmented on the basis of Product, Cycle, End-User, And Geography.

In Vitro Fertilization Market, By Product

• Equipment
• Consumables
• Accessories

Based on Product, the market is bifurcated into Equipment, Consumables, and Accessories. The consumables segment is currently dominant, driven by the continued need for vital materials such as culture media, test kits, and embryo cryopreservation products, which are required for successful IVF procedures. The equipment market is expanding at a rapid pace, thanks to technical improvements that increase success rates, such as enhanced incubators, imaging systems, and automated laboratory devices. The increased demand for improved reproductive technologies, as well as the expansion of fertility clinics, are driving growth in the equipment market, indicating a substantial shift toward innovation in IVF techniques.

In Vitro Fertilization Market, By Cycle

• Fresh Non-donor Cycle
• Frozen Non-donor IVF Cycle
• Frozen Donor IVF Cycle
• Fresh Donor IVF Cycle

Based on Cycle, the market is segmented into Fresh Non-donor Cycle, Frozen Non-donor IVF Cycle, Frozen Donor IVF Cycle, and Fresh Donor IVF Cycle. The fresh non-donor cycle segment presently dominates, owing to its greater success rates and couples’ choice for utilizing their own eggs and sperm, which often results in better outcomes. The frozen donor IVF cycle segment is the fastest-growing, driven by rising acceptance of donor eggs and sperm, as well as advances in cryopreservation techniques that improve the survivability of frozen embryos. This increase indicates a growing number of individuals and couples seeking fertility treatments, as well as an increasing acceptance of assisted reproductive technology.

In Vitro Fertilization Market, By End-User

• Fertility Clinics
• Hospitals
• Research Institutes

Based on End-User, the market is segmented into Fertility Clinics, Hospitals, and Research Institutes. Fertility clinics are currently the dominant segment, owing to their specific focus on reproductive health and tailored care, which frequently results in higher success rates for patients. These clinics often provide a wide choice of IVF services and technologies, attracting couples looking for successful reproductive treatments. The research institutions segment is expanding at a rapid pace, owing to continued advances in reproductive technology and a greater emphasis on research and development of assisted reproductive techniques. As research institutes partner with fertility clinics to innovate and improve IVF techniques, their market share grows, showing a growing interest in improving reproductive health outcomes through scientific research.

In Vitro Fertilization Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

On the basis of Geography, the Global In Vitro Fertilization Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. North America has long dominated the IVF market, owing to superior healthcare infrastructure, high adoption rates, and technical breakthroughs. The Asia-Pacific area is growing fastest due to increased awareness, changing demographics, government assistance, and rising disposable income.

Key Players

The “Global In Vitro Fertilization Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Cook Medical, Inc., CooperSurgical, Inc., Genea Limited, Merck KGaA (EMD Serono), OvaScience, Inc., Thermo Fisher Scientific, Inc., Vitrolife AB, Irvine Scientific, The Baker Company, Inc., and Esco Micro Pte Ltd. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

In Vitro Fertilization Market Recent Developments

• In May 2023, AIVF, a developer of AI-based solutions for IVF facilities, and Genea Biomedx jointly introduced an integrated system. The new integrated system connects Genea Biomedx’s Geri time-lapse incubator with AIVF’s groundbreaking EMA AI platform, providing widespread access to tailored, better IVF care.
• In June 2022, Oma Fertility emerged from the shadows to unveil a first-of-its-kind network of fertility clinics, giving families cutting-edge, AI-informed fertility treatments, opening the door for a new standard in IVF success rates.

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