The global In vitro fertilization market is projected to be valued at USD 505.2 Million in 2017 and is expected to grow at a CAGR of 10.9% to reach to USD 847.8 Million by 2022. The key factors propelling the growth of this market include growth in the median age of first-time motherhood, declining fertility rates, rising male infertility, rise in consumption of alcohol and cigarettes, and growing public awareness about infertility and the available treatment options.
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Reagents to account for the largest product segment in the IVF market in 2017
The product segment is classified into reagents and equipment. Reagents are further classified into cryopreservation media, semen processing media, ovum processing media, and embryo culture media. Embryo culture media is expected to hold the largest share of the IVF reagents market in 2017. This segment is also expected to grow at the highest rate during the forecast period owing to the increase in awareness of infertility treatments and diagnosis. Moreover, this media is used in IVF procedures to improve the quality of embryos during the developing phase.
Fertility clinics and surgical centers to dominate the IVF market during the forecast period
By end user, the in vitro fertilization market is segmented into fertility clinics and surgical centers, hospitals and research laboratories, and cryobanks. Fertility clinics and surgical centers are estimated to account for the largest share of the global IVF market. The increasing number of fertility centers coupled with the growing infertility rates across the globe are the key factors driving the growth of this segment.
The fresh non-donor cycle to hold the largest market share in 2017
On the basis of types of cycles, the IVF market is classified into fresh non-donor, frozen non-donor, fresh donor, and frozen donor cycles. The fresh non-donor cycle is estimated to account for the largest market share of the market in 2017. Factors such as high success rates, ease in the implantation process, and enhanced embryo production are responsible for the large share of this segment.
Asia Pacific dominated the market in 2017
Asia Pacific is expected to dominate the global in vitro fertilization market in 2017. The large share and high growth rate of the APAC region can be attributed growth in the median age of first-time motherhood, rising infertility rates, growing prevalence of PCOS, increasing incidence of obesity, rise in fertility tourism, and government initiatives.
CooperSurgical (US), Vitrolife (Sweden), Cook Medical (US), Irvine Scientific (US), and Thermo Fisher Scientific (US) are the major players in the in vitro fertilization market. Other players include Esco Micro (Singapore), IVFtech (Denmark), EMD Sereno (US), Genea Limited (Australia), Rocket Medical (UK), and Nidacon International (Sweden).
In Vitro Fertilization Market
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In Vitro Fertilization Market by Product (Imaging System, Incubator,
Cabinets, Sperm Separation System, Cryopreservation media, Embryo
Culture media), Type of Cycles & End Users (Fertility Clinics and
Surgical Centres, Cryobanks) - Global Forecast to 2022
[181 Pages Report] MarketsandMarkets forecasts the In Vitro Fertilization market to grow from USD
465.2 million in 2016 to 847.8 million by 2022, at a Compound Annual Growth Rate (CAGR) of
10.9% during the forecast period. The major factors that are expected to be driving the IVF market
are growth of this market include growth in the median age of first-time motherhood, declining
fertility rates, rising male infertility, rise in consumption of alcohol and cigarettes, and growing
public awareness about infertility and the available treatment options.
The objective of the report is to define, describe, and forecast the IVF market size based on type of
cycle, product, end user, and region
By product, the reagents segment is expected to grow at the highest growth rate during
the forecast period
By product, the in vitro fertilization market is segmented into reagents and equipment. Reagents
are estimated to account for the largest share in the global market in 2017. This large share can be
attributed to the fact that increasing number of IVF procedures would lead to increase in the usage
By end user, the fertility clinics and surgical centers segment to record the highest CAGR
during the forecast period
On the basis of end users, the global IVF market has been segmented into fertility clinics and
surgical centers, hospitals and research laboratories, and cryobanks. The fertility clinics and surgical
centers segment is estimated to command the largest share of the global market in 2017. This
segment is also projected t