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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
In Vitro Fertilization Market: By Technology, By End User, and Geography
In Vitro Fertilization Market: By Technology, By End User, and Geography
In Vitro Fertilization Market size valued US$ 23.6 billion in 2023 and is poised to grow at a CAGR of 5.6% from 2024-2030. In-vitro fertilization (IVF) is a process where eggs (ovum) from the ovary of a woman are taken and fertilized with sperm in laboratory method, and the embryo (fertilized egg) is sent back to the uterus of the woman. In vitro fertilization is one of the many possible ways to enhance the chance to infertile couple to get pregnancy. IVF usage is depended upon the reasons for infertility. IVF can be an option in case of endometriosis or fallopian tube blockage in the woman or in case of poor quality or low sperm count in man. There are many other treatments for this condition like surgery which can be tried prior to IVF. IVF does not work for the woman who does not have the ovulating capability or the men who unable to produce the proper count of healthy sperms.
Increasing in the number of delayed pregnancy cases among the women, growing awareness regarding consequences of infertility, and availability of favourable reimbursement policies, increase technological advancements in IVF process such as capsule in vitro fertilization and embryoscope, growing medical tourism globally are expected to accelerate the demand for in-vitro fertilization market. Rise infertility disorders and gynaecological diseases, increased focus on the innovation of IVF technologies by the clinical research centres, are the factors which are boosting the growth of the global IVF market. However, huge requirements of budget and time to run IVF procedures, difficulty in maintaining the IVF procedure, a risk of multiple conceives by women, ethical issues regarding gender selection, lack of awareness about issues regarding infertility in under-developed countries are expected to hamper the global IVF market growth.
Study Period
2024-2030Base Year
2023CAGR
10.3%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Global in vitro fertilization market expected to grow at tremendous growth rate due to the surge in infertility cases across the globe owing to the high prevalence of the infertility diseases globally. As per Centre for Disease Control and Prevention, around 6 Mn women are suffering from infertility problems in U.S. National Health Service (NHS) also reported that about 3 Mn women are suffering from infertility in the UK owing to irregular ovulation, fallopian tubes blockade & endometriosis. Favourable government initiatives have expected to create awareness of innovative IVF technologies.
For instance, in India, Bhartiya Mahila Bank & New India Assurance joined together to offer the insurance plan for the infertility treatments irrespective of the financial status of an individual. Which is attracting the infertile couple to adopt IVF, which in turn, boosts the IVF market growth? Expansion of the players in the market are also boosting the growth of the IVF market growth for exemplary, in 2015 November has PALASH launched an innovative unit called as PALASH IVF Solutions Pvt. Ltd.
Based on the geographical regions, IVF devices market is segmented as Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Increased population with infertility issues, rise in the adoption of advanced IVF technologies over the traditional infertility treatments and availability of favourable insurance coverage for the IVF in some of the U.S. states like New Jersey, New York, Maryland etc. are the factors which are bolstering the North America to be the dominating market in IVF market. Asia Pacific region is anticipated to show fastest growth rate IVF owing to the factors like high maternal age in Japan, one child policy abolishment in China, increased tourism infertility in India & Thailand, increase in adoption of surrogacy are propelling the market growth in Asia Pacific countries.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 23.6 billion |
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Market CAGR |
10.3% |
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By Technology |
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By End User |
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By Region |
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The global In vitro fertilization market size was valued at US$23.6 billion in 2023 and is projected to grow at a CAGR of 5.6% from 2024 to 2030.
The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The market key players are: Vitrolife AB (Sweden), Cooper Surgical, Inc. (U.S.), Cook Medical, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Irvine Scientific (U.S.), Genea Limited (Australia), EMD Serono, Inc. (U.S.), IVFtech ApS (Denmark)
| 1. Executive Summary |
| 2. Global In Vitro Fertilization Market Introduction |
| 2.1. Global In Vitro Fertilization Market Taxonomy |
| 2.2. Global In Vitro Fertilization Market Definitions |
| 2.2.1. By Technology |
| 2.2.2. By End User |
| 2.2.3. By Region |
| 3. Global In Vitro Fertilization Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global In Vitro Fertilization Market Dynamic Factors - Impact Analysis |
| 3.6. Global In Vitro Fertilization Market Competition Landscape |
| 4. Global In Vitro Fertilization Market Analysis, 2019-2023 and Forecast, 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global In Vitro Fertilization Market, By Technology, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 5.1. Donor Egg IVF Technique |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Frozen Embryo Transfer |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Fresh Embryo Transfer |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global In Vitro Fertilization Market, By End User, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 6.1. Fertility Clinics |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Hospitals |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Surgical Centers |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Clinical Research Institutes |
| 6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global In Vitro Fertilization Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global In Vitro Fertilization Market - Opportunity Analysis Index, By Technology, End User, and Region, 2024-2030 |
| 8. North America In Vitro Fertilization Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 8.1. Technology Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Donor Egg IVF Technique |
| 8.1.2. Frozen Embryo Transfer |
| 8.1.3. Fresh Embryo Transfer |
| 8.1.4. Others |
| 8.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Fertility Clinics |
| 8.2.2. Hospitals |
| 8.2.3. Surgical Centers |
| 8.2.4. Clinical Research Institutes |
| 8.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America In Vitro Fertilization Market - Opportunity Analysis Index, By Technology, End User, and Country, 2024-2030 |
| 8.5. North America In Vitro Fertilization Market Dynamics Trends |
| 9. Europe In Vitro Fertilization Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 9.1. Technology Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Donor Egg IVF Technique |
| 9.1.2. Frozen Embryo Transfer |
| 9.1.3. Fresh Embryo Transfer |
| 9.1.4. Others |
| 9.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Fertility Clinics |
| 9.2.2. Hospitals |
| 9.2.3. Surgical Centers |
| 9.2.4. Clinical Research Institutes |
| 9.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Rest of Europe |
| 9.4. Europe In Vitro Fertilization Market - Opportunity Analysis Index, By Technology, End User, and Country, 2024-2030 |
| 9.5. Europe In Vitro Fertilization Market Dynamics Trends |
| 10. Asia-Pacific In Vitro Fertilization Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 10.1. Technology Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Donor Egg IVF Technique |
| 10.1.2. Frozen Embryo Transfer |
| 10.1.3. Fresh Embryo Transfer |
| 10.1.4. Others |
| 10.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Fertility Clinics |
| 10.2.2. Hospitals |
| 10.2.3. Surgical Centers |
| 10.2.4. Clinical Research Institutes |
| 10.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. China |
| 10.3.2. India |
| 10.3.3. Japan |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific In Vitro Fertilization Market - Opportunity Analysis Index, By Technology, End User, and Country, 2024-2030 |
| 10.5. Asia-Pacific In Vitro Fertilization Market Dynamics Trends |
| 11. Latin America In Vitro Fertilization Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 11.1. Technology Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Donor Egg IVF Technique |
| 11.1.2. Frozen Embryo Transfer |
| 11.1.3. Fresh Embryo Transfer |
| 11.1.4. Others |
| 11.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Fertility Clinics |
| 11.2.2. Hospitals |
| 11.2.3. Surgical Centers |
| 11.2.4. Clinical Research Institutes |
| 11.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America In Vitro Fertilization Market - Opportunity Analysis Index, By Technology, End User, and Country, 2024-2030 |
| 11.5. Latin America In Vitro Fertilization Market Dynamics Trends |
| 12. Middle East and Africa In Vitro Fertilization Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) (Volume, No. of Procedures) |
| 12.1. Technology Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Donor Egg IVF Technique |
| 12.1.2. Frozen Embryo Transfer |
| 12.1.3. Fresh Embryo Transfer |
| 12.1.4. Others |
| 12.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Fertility Clinics |
| 12.2.2. Hospitals |
| 12.2.3. Surgical Centers |
| 12.2.4. Clinical Research Institutes |
| 12.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA In Vitro Fertilization Market - Opportunity Analysis Index, By Technology, End User, and Country, 2024-2030 |
| 12.5. MEA In Vitro Fertilization Market Dynamics Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Technology Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. WINFertility |
| 13.2.2. EggFund |
| 13.2.3. CapexMD |
| 13.2.4. GreenSky Patient Solutions |
| 13.2.5. Prosper Healthcare Lending |
| 13.2.6. ACCESS FERTILITY |
| 13.2.7. Houston IVF |
| 13.2.8. Progyny |
| 13.2.9. Medicard |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.