In Vitro Fertilization (IVF) Devices And Consumables Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
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What fueled the previous growth in the in vitro fertilization (ivf) devices and consumables market?
The in vitro fertilization (IVF) devices and consumables market has seen rapid growth, projected to rise from $2.66 billion in 2024 to $3.1 billion in 2025 at a CAGR of 16.7%. Factors contributing to historical growth include rising infertility rates, increasing awareness and acceptance of IVF treatments, a growing number of gamete donations, greater government support and funding for infertility treatments, and the trend of delayed pregnancies.
What will be the in vitro fertilization (ivf) devices and consumables market size in the future?
The in vitro fertilization (IVF) devices and consumables market is set for rapid growth, reaching $5.67 billion by 2029 at a CAGR of 16.3%. The market expansion is driven by a growing preference for minimally invasive procedures, expanding healthcare infrastructure, rising fertility clinic expansions, increasing adoption of precision medicine in reproductive health, and higher disposable incomes. Trends include AI and machine learning integration, innovative IVF devices, advancements in genetic testing and cryopreservation, infertility treatments, and enhanced genetic screening techniques.
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What main drivers are fueling expansion in the in vitro fertilization (ivf) devices and consumables market?
The increasing infertility rates are anticipated to propel the growth of the in vitro fertilization (IVF) devices and consumables market. Infertility refers to the inability to conceive after a year of unprotected intercourse or carry a pregnancy to term. The rising infertility rates are attributed to lifestyle changes, delayed pregnancies, and stress. IVF devices and consumables aid in the fertilization process, including equipment for egg retrieval, embryo culture, and transfer. According to the WHO, 17.5% of adults globally face infertility at some point. In the U.S., around 11% of women and 9% of men of childbearing age face infertility, boosting demand for IVF services. Therefore, the rising infertility rates are driving this market.
What key areas define the segmentation of the global in vitro fertilization (ivf) devices and consumables market?
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
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Who are the dominant players expanding their reach 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
How are evolving market trends shaping in vitro fertilization (ivf) devices and consumables Strategies?
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.
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Which regions are emerging as leaders in 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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