The In Vitro Fertilization Market Demand is expected to develop at a 9% CAGR from 2022 to 2032, with an estimated value of US$ 1.6 billion by 2032.

Rising reprotourism and rising male and female infertility rates are two major factors driving in vitro fertilization/IVF industry growth. Infertility is a serious health issue that affects people all around the world.

According to the American Pregnancy Association, male infertility accounts for 30% of all infertility cases and accounts for around one-fifth of all infertility cases. As people become increasingly reliant on fertility treatments, the industry will expand. The increasing usage of in vitro fertilisation (IVF) procedures is impacted by resource availability.

The onset of the COVID-19 pandemic resulted in the discontinuation of fertility treatments, which had a psychological impact on the women who were affected. Treatment facilities are now permitted to resume treatments as long as they adhere to strict guidelines.

The in vitro fertilisation instrument is made up of culture medium, capital equipment, and IVF disposable devices. Culture media dominated the in vitro fertilization/IVF market in 2020, accounting for a major share of the revenue. The availability of funds and an increase in research projects to improve culture media were credited with the expansion of the in vitro fertilization/IVF market.

The disposable devices market, on the other hand, is expected to grow at the fastest rate over the forecast years, as participants in the in vitro fertilization/IVF market provide disposable equipment such as needles, slides, and chambers to meet sterility and regulatory criteria.

Competitive landscape:

CooperSurgical, Inc., Vitrolife AB, Thermo Fisher Scientific Inc., Merck KGaA, and Fujifilm Holdings Corp. are some of the major competitors in the in vitro fertilization/IVF market. These in vitro fertilization/IVF market participants use a variety of marketing techniques to grow their in vitro fertilization/IVF market share, including mergers and acquisitions, product launches, and regional expansion.

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Key Segments

By Product:

• Equipment
• Reagents and Media

By Cycle:

• Fresh non-donor cycle
• Frozen non-donor IVF cycle
• Frozen donor IVF cycle
• Fresh donor IVF cycle

By End User:

• Fertility Clinics
• Hospitals Surgical Centers
• Cryobank and Research Institutes

By Type:

• Conventional IVF
• IVF with ICSI 
• IVF with Donor Eggs