IVF Devices and Consumables Market

IVF Devices and Consumables Market Insights 2030:

The global IVF devices and consumables market size was valued at $1,856.20 million in 2020, and is projected to reach $10,138.80 million by 2030, registering a CAGR of 19.7% from 2021 to 2030. In vitro fertilization (IVF) is a complex series of procedures used to help with fertility or prevent genetic problems and assist with the conception of a child. During IVF, mature eggs are collected (retrieved) from ovaries and fertilized by sperm in a lab. Subsequently, the fertilized egg (embryo) or eggs (embryos) are transferred to a uterus. One full cycle of IVF takes about three weeks. Sometimes these steps are split into different parts and the process can take longer. IVF is the most effective form of assisted reproductive technology. IVF can be classified in five separate steps, including stimulation, also called super ovulation, egg retrieval, insemination & fertilization, embryo culture and embryo transfer. IVF devices and consumables include the products such as instrument, accessory & disposable, and reagent & media for the procedure.

The growth of the IVF devices and consumables market is driven by significant rise in infertility rate, increase in trend of delayed pregnancies, surge in awareness of IVF, and technological advancements in IVF devices. Furthermore, increase in number of same sex marriages, increase in number of gamete donations, surge in healthcare expenditure worldwide, and upsurge in disposable income are considerably contributing toward the market growth. However, higher cost, ethical issues, , and complications associated with IVF as well as lack of awareness among the population are negatively impacting the market growth.  

Impact Of Covid-19 On IVF Devices & Consumables Market (Pre And Post Analysis)

Coronavirus (COVID-19) was discovered in late December in Hubei province of Wuhan city in China. The disease is caused by a virus, namely, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), which is transmitted among humans. 

The COVID-19 outbreak is anticipated to have a negative impact on the growth of the global IVF devices and consumables market. The COVID-19 pandemic has stressed the healthcare systems in the world. Owing to a remarkable rise in incidence of COVID-19 cases, nonessential surgical procedures were cancelled such as in vitro fertilization. The embryo transfer procedure, whether fresh or frozen, suspension of elective surgery, and non-urgent diagnostic procedures were halted due to increase in incidence of COVID-19 cases. Thus, prolonged lockdown of fertility treatment led to decline in the growth of the IVF devices and consumables market.

The global IVF devices and consumables market is segmented into product, technology, end user, and region. Depending on product, the market is segregated into instruments, accessories & disposables, and reagents & media. The instruments segment is further divided into sperm separation systems, cryosystems, incubators, imaging systems, ovum aspiration pumps, cabinets, micromanipulators, and others. Reagents & media is sub segmented into cryopreservation media, semen processing media, ovum processing media, and embryo culture media. On the basis of technology, the market is categorized into fresh embryo IVF, frozen embryo IVF, and donor egg IVF. By end user, it is segregated into fertility clinics, hospitals, surgical centers, and clinical research institutes. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Product segment review

By product, the accessories & disposables is expected to have major revenue contributing to the growth of the IVF devices and consumables market, and is projected to grow at a CAGR of 18.3% from 2021 to 2030. This is attributed to their cost-effectiveness, technological advancements, and surge in demand for advanced IVF devices.

Technology type segment review

On the basis of technology type, the fresh embryo IVF segment is the major revenue generator, and is expected to show dominance during the forecast period, due to its advantages such as higher success rate, convenience, cost-effectiveness, and enhanced safety.

End-user segment review

As per end user, the global IVF devices and consumables market is dominated by the fertility clinics segment, and is projected to continue this trend during the forecast period, due to low cost of treatment and increase in number of fertility clinics. However, the surgical centers segment is expected to grow at a significant rate, due to increase in number of surgery centers in developing regions and rise in use of IVF among surgery centers.

Region segment review

Asia-Pacific accounted largest share of the global IVF devices and consumables market share in 2020, and is expected to remain dominant throughout the forecast period, owing to higher demand for IVF, increase in infertile population, higher number of trained medical professionals, and technological advancements in IVF procedure. However, Asia-Pacific is expected to experience the highest growth rate during the forecast period majorly due to increase in disposable income and surge in adoption of IVF, owning to rise in infertility rate.

Key Benefits For Stakeholders

• The report provides a detailed quantitative analysis of the current IVF devices and consumables market trends and forecast estimations from 2020 to 2030, which assists to identify the prevailing market opportunities. 
• An in-depth IVF devices and consumables market analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
• A comprehensive analysis of factors that drive and restrain the growth of the global IVF devices and consumables market is provided.
• The projections in this report are made by analyzing the current trends and future IVF devices and consumables market potential from 2020 to 2030, in terms of value.
• An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
• Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help in understanding competitive outlook of the IVF devices and consumables market.

 IVF Devices and Consumables Market Report Highlights