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How Has the In Vitro Fertilization (IVF) Devices And Consumables Market Growth Performance Trended Historically, And What Lies Ahead?
The market size of in vitro fertilization (IVF) devices and consumables has witnessed a speedy expansion in the recent past. Its growth is projected to rise from $2.66 billion in 2024 to $3.1 billion in 2025, marking a compound annual growth rate (CAGR) of 16.7%. The historical growth can be ascribed to factors like rising infertility rates, expanding awareness and acceptance of in vitro fertilization (IVF) procedures, growing gamete donations, escalating government backing and financial aid for infertility treatments, and the increasing occurrence of delayed pregnancies.
What Is the Forecast for the In Vitro Fertilization (IVF) Devices And Consumables Market Size Through 2029?
Over the coming years, the market size for in vitro fertilization (IVF) devices and consumables is anticipated to experience significant growth. It is projected to escalate to $5.67 billion in 2029, with a compound annual growth rate (CAGR) of 16.3%. Factors contributing to the growth during the forecast period include the increased acceptance of minimally invasive procedures, enhanced healthcare infrastructure, the proliferation of fertility clinics, the prevalence of personalized and precision medicine in reproductive health, and a rise in disposable income. Key trends for the forecast period encompass the incorporation of artificial intelligence and machine learning, the creation of novel in vitro fertilization (IVF) consumables and devices, progress in in vitro fertilization (IVF) technology such as preimplantation genetic testing and cryopreservation methods, improvement in infertility treatments, and heightened genetic screening.
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What are the Key Market Players in In Vitro Fertilization (IVF) Devices And Consumables Market and How They’re Evolving?
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 Primary Growth Drivers in the In Vitro Fertilization (IVF) Devices And Consumables Market?
The escalating rates of infertility are expected to fuel the expansion of the in vitro fertilization (IVF) devices and consumables market. Infertility is characterized as the inability to conceive after a year of regular, unprotected sexual intercourse, or the failure to maintain a pregnancy to term. The increased prevalence of infertility can be attributed to lifestyle changes, delaying pregnancies, and increasing stress levels. IVF devices and consumables, part of assisted reproductive technologies, assist in the fertilization process by including equipment used in egg retrieval, embryo culture and transfer, and address infertility issues by promoting successful conception and pregnancy. For example, the World Health Organization (WHO), a UN agency based in Switzerland, reported in April 2023 that about 17.5% of the global adult population, or one in six individuals, experience infertility at some stage in their lives. In addition, in the US, approximately 11% of women and 9% of men of reproductive age are reported to struggle with infertility. Particularly, about 19% of heterosexual women aged between 15 and 49, who have never had children, face infertility, while 6% of married women in this age group struggle with infertility. As a result, the increasing infertility rates are propelling the growth of the in vitro fertilization (IVF) devices and consumables market.
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What Are the Leading Segments in the Global In Vitro Fertilization (IVF) Devices And Consumables Industry?
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
What Are the Key Market Trends in the In Vitro Fertilization (IVF) Devices And Consumables Industry?
Top firms active in the in vitro fertilization (IVF) devices and consumables arena are prioritizing the development of novel products, like benchtop incubators for IVF clinics, in order to boost the effectiveness and success rates of embryo culture and consequently, enhance patient results. A benchtop incubator for IVF clinics is a particular type of equipment constructed to sustain a controlled ambiance for cultivating and maturing embryos throughout in vitro fertilization (IVF) procedures. These vital incubators maintain exact conditions necessary for embryo expansion, which includes temperature, humidity, and the composition of gases, like levels of oxygen and carbon dioxide. For instance, Cook Group Incorporated, a medical device firm based in the US, launched the MINC+TM Benchtop Incubator in May 2022. Acting as the advanced version of the widely used MINC Mini Incubator, it was released for IVF clinics in the US and Canada. The MINC+ incorporates recent features guided by user feedback to enhance the experience of clinical embryologists. It comes with the DishTrace platform that blends touchscreen and PC software functionalities to offer comprehensive dish-data management. This system facilitates tracking of culture dishes as they are logged in and out of the incubator, allowing for the simultaneous monitoring of up to 50 MINC+ incubators, as well as creating graphic histories and reports about MINC+ activity.
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What Is the Regional Outlook for the In Vitro Fertilization (IVF) Devices And Consumables Market?
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.
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This Report Delivers Insight On:
1. How big is the in vitro fertilization (ivf) devices and consumables market, and how is it changing globally?
2. Who are the major companies in the in vitro fertilization (ivf) devices and consumables market, and how are they performing?
3. What are the key opportunities and risks in the in vitro fertilization (ivf) devices and consumables market right now?
4. Which products or customer segments are growing the most in the in vitro fertilization (ivf) devices and consumables market?
5. What factors are helping or slowing down the growth of the in vitro fertilization (ivf) devices and consumables market?
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