IVF Devices and Consumables Market
The Global IVF Devices and Consumables Market size valued to USD 2.58 billion in 2019; is predict to reach USD 10.28 billion by 2030 with a CAGR of 13.30% from 2020-2030.
The In Vitro Fertilization (IVF) is a type of Assisted Reproductive Technology used to treat infertility and help conceive gestational surrogacy. In IVF, male sperm and female ovum undergo artificial fertilization outside the body, in laboratory conditions, to form a zygote, into a liquid medium, in a vitro (glass). Single parent and LGBT community widely adopt it to procreate. IVF is a highly successful ART, with more than 8 million births since 1978.
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Top Companies: Fujifilm Holdings Corporation (Irvine Scientific Sales Company, Inc.), Cook Medical Inc., Merck KGaA (EMD Serono, Inc.), Genea Biomedx, Oxford Gene Technology, Millendo Therapeutics, Inc., The Cooper Companies, Inc. (CooperSurgical, Inc.), Progyny Inc., Vitrolife AB and others.
The global IVF devices and consumables market share is analyzed based on product, technology, end user and geography. Based on the type of product, the market is classified into Accessory & Disposable, Reagent & Media and Instrument. The instruments are sub segmented into Sperm Separation System, Cryosystem, Incubator, Imaging System, Ovum Aspiration Pump, Cabinet, Micromanipulator, and Others. The reagent & media segment is further divided into Cryopreservation Media, Semen Processing Media, Ovum Processing Media, and Embryo Culture Media. Based on technology, the market is divided into Fresh Embryo IVF, Frozen Embryo IVF, and Donor Egg IVF. Based on end user, the market is fragmented into Fertility Clinic, Hospital, Surgical Center, and Clinical Research Institute Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
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North America is expected to dominate the global IVF devices and consumables market throughout the fore-cast period owing to the increased adoption of IVF services. Besides, factors like advancements in the IVF technology, increase in disposable income, increase in male-female infertility and delayed pregnancies among women are expected to augment the growth of IVF devices and consumables market in the near future. Asia Pacific is expected to witness a rapid development in the global IVF devices and consumables market, with a substantial increase in market share, owing to factors such as increase in fertility tourism, increase in healthcare expenditure and infrastructure. Moreover, upsurge in fertility clinics, increased awareness and adoption of advanced IVF technologies, shall fuel-up the market growth in coming future.
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