In Vitro Fertilization Market: Global Industry Analysis and Forecast (2022-2029)

In Vitro Fertilization Market was valued at US$ 640 Mn. in 2021. Global In Vitro Fertilization Market size is expected to grow at a CAGR of 9 % through the forecast period.
In Vitro Fertilization Market Overview:
IVF is one of the frequently used procedures that helps infertile couples, single moms, and members of the LGBT community have children. The growth of the in vitro fertilisation market is driven by an increase in the rate of infertility, a rise in the trend of delayed pregnancies, a surge in the success rate of IVF treatment, technological advancements in IVF treatment, an increase in the rate of infertility and practises of embryo banking cycles, and an increase in disposable income in the United States. In addition, rising IVF use in the US, rising rates of infertility and embryo banking, technical developments in IVF therapy, and trends toward delayed conception are all forecast to pave the way for future growth of the US IVF market.



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2021 is considered as a base year to forecast the market from 2022 to 2029. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2021 is a year of exception and analysis especially with the impact of lockdown by region.

In Vitro Fertilization COVID 19 Insights:

The in vitro fertilisation (IVF) market saw a dramatic downward trend as a result of the COVID-19 pandemic, wiping out all prior market gains. The epidemic put the whole globe on lockdown, imposed severe economic constraints, and changed a great number of people's lives and decisions, as well as how our society functions. A number of IVF clinics were forced to close due to strict lockout restrictions, which significantly reduced the number of IVF treatments carried out globally and sent the in vitro fertilisation (IVF) business into an uncharted black hole. It had an extensive influence on the industry since it not only affected operations during this time period but also numerous procedures booked by couples.

Only 5 lakh of the 30 lakh people who seek IVF in India each year actually go through the IVF/intrauterine insemination (IUI) process. The number of people performing IVF procedures globally decreased by 90% during the COVID-19 epidemic. The spread of COVID-19 has had an effect on fertility decisions among couples who had previously chosen IVF therapy, as well as on fertility clinics due to the cancellation of IVF procedures.
In Vitro Fertilization Market Dynamics:
Females' chances of getting pregnant are seen to start declining around the age of 32 and to be cut in half by the age of 40. The median age of women having their first child is dramatically rising in many nations, which raises the risk of infertility in female partners and causes a number of pregnancy-related issues. Couples that put their professions ahead of family planning, late marriages, unstable financial situations, and other factors are some of the main causes of the delay in pregnancy. As a result, the global adoption rate of IVF therapy is rising as a result of the rising trend of postponing pregnancy, which also leads to infertility.

During the forecast period, the demand for in vitro fertilisation (IVF) treatment is forecast to propel due to the increased incidence of infertility in nations like China, the US, the UK, and Japan. For instance, 6.7 % of US women between the ages of 15 and 44 who were infertile, according to statistics from the National Survey of Family Growth (NSFG). The popularity of IVF ICSI treatment is also forecast to be fuelled by the rising prevalence of male infertility throughout the world. For instance, a study by NCBI found that roughly 15.0 % of all married couples worldwide suffered from infertility, with nearly 20 % to 30 % of those instances being entirely attributable to the male spouses.

Along with this, additional factors contributing to the increased frequency of infertility include a move toward sedentary lifestyles, an increase in stress, and obesity among the general populace. Consequently, it is forecast to encourage the growth of the IVF treatment market globally. Additionally, several governments are taking steps to improve their IVF procedure reimbursement rules. As a result, it is forecast that these initiatives will generate significant in vitro fertilisation market revenue throughout the forecast year.

Around the world, more than 2.5 million IVF rounds are carried out annually. Due to the absence of reimbursement rules, the cost of IVF therapy varies from nation to nation. The development of this market is being constrained by a lack of insurance coverage and a problematic reimbursement environment in several regions of the world.

Due to a variety of circumstances, the medical tourism sector is booming in developing nations. Brazil offers around 20 hospitals and 150 infertility treatment facilities. While an IVF cycle typically costs USD 12,000 in the US, it only costs USD 4,000 in Brazil. India is one of the world's cheapest locations for in vitro fertilisation (IVF) and other infertility treatments, with more than 500 distinct IVF clinics. India's healthcare costs are up to 90% cheaper than those in the USA. The average IVF cycle in the US costs over $12,000, although it may be finished for between $2,000 and $3,000 in India.

As a result of the shifting social climate, an increasing number of older women are turning to infertility clinics for assistance. Along with age comes an increased chance of difficulties during pregnancy and labour. While a woman over the age of 40 is more than five times more likely to experience a miscarriage or stillbirth than a woman under the age of 35, the risk increases by 2.5 times for women over the age of 35. One of the main challenges for the IVF business is the diminishing success rates of IVF treatment methods in patients with increasing age.
In Vitro Fertilization Market Segment Analysis:
Based on Type, Due to the rising prevalence of IVF-ICSI operations globally, the IVF with ICSI sector outperformed all other market segments. For instance, the Family Fertility Center calculated that about 75.0% of all IVF treatments carried out in the United States were IVF-ICSI procedures. Additionally, it has been noted that intracytoplasmic sperm injection (ICSI) is a popular option for treating male infertility. Therefore, it is forecast that the advent of such cutting-edge technologies as ICSI, together with the rising incidence of male infertility cases, would accelerate the growth of this sector throughout the forecast period.

The traditional IVF market is also forecast to increase significantly throughout the forecast period. Regular IVF therapy is becoming the treatment of choice for infertile couples due to its lower risk than the ICSI process. Additionally, several studies have demonstrated that in couples where the female partner is infertile, the success rates of traditional IVF and IVF combined with ICSI are the same. Therefore, it is forecast that such data will accelerate this segment's growth rate by the conclusion of the forecast period.



Based on the Procedure, Due to the increased incidence of infertility and the high success rate of IVF operations employing fresh eggs or embryos, the fresh non-donor sector is forecast to grow at a rapid rate throughout the forecast period. According to a study published in the journal Oxford, if the egg used for the procedure had never been frozen, an estimated 19.0% of all reproductive cycles performed in the UK would result in a live child.

But because of its lower cost than IVF cycles utilising fresh eggs or embryos, the frozen-nondonor sector is in second place in the process segment. Due to the strict government laws involving egg and sperm donation in many countries, the fresh donor and frozen donor categories are forecast to see a relatively low CAGR throughout the forecast period.

Based on the End-User, During the forecast timeframe, the segment of fertility clinics is forecast to rule the market. This domination is ascribed to an uptick in IVF treatments in fertility clinics, as well as the existence of specialist staff who give patients precise care. Because there are more registered fertility clinics in developed and developing nations like China, Japan, and Brazil, the market share of in vitro fertilisation from this sector is expected to grow more quickly.

A much smaller portion of the total market was made up by the hospital market. The low number of patients seeking treatment for infertility in hospitals, the dearth of IVF competence in hospital settings, and the subpar reimbursement practises in these settings are all blamed for the segment's poor development.
In Vitro Fertilization Market Regional Insights:
The Europe region dominated the market with 40 % share in 2021. The market for in vitro fertilisation is controlled by Europe. The dominance is ascribed to the increased rates of infertility in the area as well as the success of IVF therapy. Spain and Denmark are two of the European nations that are thought to be the most active in IVF therapy, and they are what are causing this region's industry to flourish. For instance, according to data from the European Society of Human Reproduction and Embryology (ESHRE), the success rate of IVF and ICSI procedures led to an increase of 1.3% in the pregnancy rate per treatment in Europe, which was about 30.5%. In Europe, the rising birth rate from IVF and ICSI operations is thus expected to increase IVF adoption.The Asia-Pacific region is expected to witness significant growth at a CAGR of XX% through the forecast period.

Due to the rising awareness of infertility and the development of medical tourism in this area, Asia-Pacific is forecast to have a higher CAGR by the end of the forecast period. Additionally, there are more registered fertility clinics in the area than before, which is forecast to lead to a rise in the use of IVF throughout the forecast period. For instance, the Fertility Society of Australia reports that there are over 120 recognised facilities in Australia, of which nearly 98.0% offer IVF procedures.

The objective of the report is to present a comprehensive analysis of the global In Vitro Fertilization Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the In Vitro Fertilization Market dynamic, structure by analyzing the market segments and projecting the In Vitro Fertilization Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the In Vitro Fertilization Market make the report investor’s guide.
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Global In Vitro Fertilization Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US$ 640 Mn.


Forecast Period 2022 to 2029 CAGR:
9 %
Market Size in 2029:
US$ 1170 Mn.


 Segments Covered:
by Type
• Conventional IVF
• IVF and ICSI


by Procedure
• Fresh Non-Donor
• Frozen Non-Donor
• Fresh Donor
• Frozen Donor


by End-User
• Hospitals
• Fertility Clinic



In Vitro Fertilization Market by Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
In Vitro Fertilization Market Key Players
• Boston IVF
• Group Ambroise Paré Clinic
• Shady Grove Fertility
• Bloom IVF Centre
• Bangkok IVF center
• Ovation Fertility
• Pelargos IVF
• RSMC
• Monash IVF
• The Cooper Companies Inc.
• Cook Group
• Vitrolife

Frequently Asked Questions:

1] What segments are covered in the Global In Vitro Fertilization Market report?
Ans. The segments covered in the In Vitro Fertilization Market report are based on Type, Procedure and End-User.

2] Which region is expected to hold the highest share in the Global In Vitro Fertilization Market?
Ans. The Europe region is expected to hold the highest share in the In Vitro Fertilization Market.

3] What is the market size of the Global In Vitro Fertilization Market by 2029?
Ans. The market size of the In Vitro Fertilization Market by 2029 is expected to reach US$ 640 Mn.

4] What is the forecast period for the Global In Vitro Fertilization Market?
Ans. The forecast period for the In Vitro Fertilization Market is 2022-2029.

5] What was the market size of the Global In Vitro Fertilization Market in 2021?
Ans. The market size of the In Vitro Fertilization Market in 2021 was valued at US$ 1170 Mn.