Global In-vitro Fertilization (IVF) Market Is Expected To Achieve A Revenue Growth Of USD 1,028.5 Million By 2028

23-Jun-2022 | Zion Market Research

The size of the global in-vitro fertilization (IVF) market is expected to grow at the rate of 9.85% CAGR during the forecast period from USD 650 million in 2021 to approximately USD 1028 million by 2028. IVF is one of the frequently utilized procedures that helped infertile couples, single moms, and members of the LGBT community have children. The expansion of the in vitro fertilization market is driven by an increase in the rate of infertility, a rise in the drift of late pregnancies, a surge in the success rate of IVF treatment, technological advancements in IVF treatment, an increase in the rate of infertility & practices of embryo banking cycles, and an increase in disposable income across the globe.

The global in-vitro fertilization (IVF) market is growing as a result of the rising median age of first-time mothers. Globally, the median age of first-time moms has dramatically risen over time. This trend is primarily due to more effective methods of contraception, later marriages, and the rise in the proportion of women who prioritize their professions above having children. A greater percentage of women are anticipated to experience difficulty conceiving naturally as the typical age of first-time moms rises. In this situation, more and more ladies are being compelled to choose IVF procedures, which is anticipated to fuel the market's expansion in the ensuing years.

The global halt of in vitro fertilization therapy because of the COVID-19 pandemic had a significant effect on the women having IVF operations. Only 5 lakhs of the 30 lakh people who seek IVF in India each year go through the IVF/intrauterine insemination (IUI) process. The number of persons performing IVF procedures globally decreased by 90% during the COVID-19 outbreak. The spread of COVID-19 has had an effect on family planning among couples who had previously chosen IVF therapy, as well as on fertility clinics due to the cancellation of IVF procedures.

Global In Vitro Fertilization (IVF) Market

The global in-vitro fertilization (IVF) market is divided into two categories, namely types, end-users, and regions. Depending on end-users the market is divided into hospitals, fertility clinics, and cryobanks. The fertility clinical institutions are expected to grow compared to other segments. Depending on the types, the market can be divided into fresh donors, frozen donors, fresh non-donor, and frozen non-donor.

Europe is a well-positioned market in the field of in vitro fertilization. Market growth is spurred on by both the rising prevalence of infertility in the European countries and the rising acceptance of IVF treatment. Looking at the other scenario, the industry will continue to grow steadily because of the high cost of ICSI and IVF therapy in North America. As a consequence of lower costs, Americans are choosing to have their IVF treatment abroad. Asia Pacific is expected to register substantial growth in the global in-vitro fertilization (IVF) market during the forecast period. Growth of the market has mainly attributed the factors such as rising healthcare costs, greater medical tourism, lower IVF treatment procedures, expansion of fertility clinics in India & China, and rising adoption of assisted reproductive techniques in emerging economies.

Several clinics and institutions are operating in the global in-vitro fertilization (IVF) market, some of the prominent ones being ZEISS Group, Cooper Companies Inc., Esco Micro Pte. Ltd., The Baker Company Inc., Cook Group, Hamilton Thorne Ltd., and Kitazzto Corporation.

Recent Developments:

  • In 2019, to reduce the risk of miscarriage during in vitro fertilization (IVF) treatments, a new technology for embryo screening was developed by Monash IVF.
  • In 2019, Shady Grove Fertility opened a full-service in vitro fertilization (IVF) center in Florida that provides affordable and better quality IVF treatments to regional clients.

Browse the full In Vitro Fertilization (IVF) Market By Type (Fresh Donor, Frozen Donor, Fresh Non-Donor, And Frozen Non-Donor), By End Users (Hospitals, Cryobanks, And Fertility Clinics), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028. Report at https://www.zionmarketresearch.com/report/in-vitro-fertilization-market

The global in vitro fertilization (IVF) market is segmented as follows:

By Type

  • Frozen Donor
  • Fresh Non Donor
  • Fresh Donor
  • Frozen Non Donor

By End User

  • Hospitals
  • Cyrobanks
  • Fertility Clinics

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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