Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

How Will the CAGR of the In Vitro Fertilization (IVF) Devices And Consumables Market Influence Its Overall Growth by 2034?

There has been a swift expansion in the market size for in vitro fertilization (IVF) devices and consumables in recent years. The projections indicate a rise from $2.66 billion in 2024 to $3.1 billion in 2025, marking a compound annual growth rate (CAGR) of 16.7%. Factors contributing to this growth during the historic period include a surge in infertility rates, growing public awareness, and acceptance of IVF treatments, a rising trend in gamete donations, enhanced government support and funding for infertility treatments, and a rise in delayed pregnancies.

The market for in vitro fertilization (IVF) devices and consumables has a promising future with significant growth expected in the years to come. By 2029, it’s projected to expand to $5.67 billion, with a compound annual growth rate (CAGR) of 16.3%. This progression over the forecast period is driven by factors like the uptake of minimally invasive techniques, development of healthcare facilities, expanding fertility clinics, growing preference for personalized and precision medicine in reproductive health, and increasing disposable incomes. Notable trends during the forecasted period encompass the fusion of artificial intelligence and machine learning, invention of novel IVF devices and consumables, advancements in IVF technology such as preimplantation genetic testing and cryopreservation methods, progressed treatments for infertility, and improved genetic screening.

What Key Drivers Are Accelerating the Growth of the In Vitro Fertilization (IVF) Devices And Consumables Market During the Forecast Period?

The escalating levels of infertility are likely to fuel the growth of the market for in vitro fertilization (IVF) devices and consumables. Infertility is often characterised by failure to conceive after a year of regular, unprotected intercourse or the inability to sustain a pregnancy to term. The rising instances of infertility can be attributed to lifestyle modifications, deferred pregnancies, and escalating levels of stress. IVF devices and consumables assist reproductive technologies by aiding the fertilization procedure, including apparatuses for egg collection, embryo culture, and embryo transfer. This addresses fertility problems by aiding successful conception and continuation of pregnancy. For instance, in April 2023, as per the World Health Organization (WHO), an agency of the United Nations based in Switzerland working towards the promotion of health, safekeeping of the world, and serving the vulnerable, it was reported that roughly 17.5% of the world adult population or nearly 1 in 6 individuals undergo infertility at some stage in their lives. Additionally, in the U.S., reports indicate that about 11% of women and 9% of men within the reproductive age struggle with infertility. In particular, about 19% of heterosexual women aged 15 to 49 who have never been pregnant face infertility, and 6% of married women of the same age bracket face challenges with infertility. Hence, the rising rates of infertility are contributing to the expansion of the in vitro fertilization (IVF) devices and consumables market.

Request Your Free In Vitro Fertilization (IVF) Devices And Consumables Market Report Sample Now!

https://www.thebusinessresearchcompany.com/sample.aspx?id=19521&type=smp

Who Are the Leading Companies Pioneering Change in the In Vitro Fertilization (IVF) Devices And Consumables Market?

Major companies operating in the in vitro fertilization (IVF) devices and consumables market are Thermo Fisher Scientific Inc., Merck KGaA, FUJIFILM Holdings Corporation, CooperSurgical Inc., Cook Medical Inc., Progyny Inc., Vitrolife AB, Esco Micro Pte. Ltd., Hamilton Thorne Ltd., Nantong Egens Biotechnology Co. Ltd., Genea Biomedx Pty Ltd., Kitazato Corporation, Fertility Center of Illinois, Rocket Medical PLC, Gynemed GmbH & Co. KG, Gynotek Ltd., Biocell Enterprise LLC, Laboratoire CCD, Invitrocare Ltd., Nidacon International AB

What Are the Most Significant Trends Transforming the In Vitro Fertilization (IVF) Devices And Consumables Market Today?

Leading enterprises in the in vitro fertilization devices and consumables sector are emphasizing the production of innovative products like benchtop incubators for IVF clinics. These novel products aim to improve the effectiveness of embryo culture, increase success rates, and provide better patient results. Benchtop incubators for IVF procedures offer a tailored environment for the growth and advancement of embryos. They deliver the exact conditions suitable for embryo development, such as precise temperature, humidity, and levels of gases like oxygen and carbon dioxide. In May 2022, Cook Group Incorporated, a medical device firm from the US, introduced the MINC+TM Benchtop Incubator, an upgraded version of the popular MINC Mini Incubator, tailored for IVF clinics in the US and Canada. The upgraded MINC+ incorporates novel features, based on user feedback, to enhance the functionality for clinical embryologists. One such feature is the DishTrace platform, combining touchscreen functionality and PC software capabilities for efficient dish-data management. This platform allows tracking of culture dishes, capacity to monitor 50 MINC+ incubators at once, and generates graphical history and reports relating to MINC+ activity.

Pre-order Your Report for Quick and Easy Delivery!

https://www.thebusinessresearchcompany.com/report/in-vitro-fertilization-ivf-devices-and-consumables-global-market-report

Which Key Segments Define the Structure of the In Vitro Fertilization (IVF) Devices And Consumables Market and Their Growth Potential?

The in vitro fertilization (IVF) devices and consumables market covered in this report is segmented –

1) By Product: Instruments, Accessories And Disposables, Reagents And Media

2) By Technology: Fresh Embryo In Vitro Fertilization (IVF), Frozen Embryo In Vitro Fertilization (IVF), Donor Egg In Vitro Fertilization (IVF)

3) By End User: Fertility Clinics, Hospitals, Surgical Centers, Clinical Research Institutes

Subsegments:

1) By Instruments: IVF Microscopes, Incubators, Sperm Analyzers, Embryo Transfer Catheters

2) By Accessories and Disposables: Petri Dishes, Pipettes, Culture Plates, Cryopreservation Vials

3) By Reagents and Media: Culture Media, Cryopreservation Media, Sperm Wash Solutions, Ovum Retrieval Solutions

Which Regions Are Leading the Charge in In Vitro Fertilization (IVF) Devices And Consumables Market Development?

North America was the largest region in the in vitro fertilization (IVF) devices and consumables market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the in vitro fertilization (IVF) devices and consumables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Is the Scope and Reach of the In Vitro Fertilization (IVF) Devices And Consumables Market Defined?

In vitro fertilization (IVF) devices and consumables refer to the specialized tools, equipment, and materials used in the process of in vitro fertilization; a medical procedure designed to assist with conception in cases of infertility. They are critical for ensuring the success of in vitro fertilization by providing the necessary tools and materials for each stage of the process, from egg retrieval and fertilization to embryo culture and transfer. These components are designed to create optimal conditions for fertilization and early embryonic development, ultimately increasing the chances of a successful pregnancy.

Browse Through More Similar Reports By The Business Research Company:

Fertility Services Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/fertility-services-global-market-report

Controlled Release Fertilizer Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/controlled-release-fertilizer-global-market-report

Infertility Treatment Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/infertility-treatment-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: