IVF Devices and Consumables Market Overview:
Global IVF Devices and Consumables Market was valued at $1,506 million in 2016, and is estimated to reach at $4,972 million by 2023, registering a CAGR of 18.3% from 2017 to 2023. In-vitro fertilization (IVF) can be defined as a complex series of procedures utilized to treat genetic and fertility issues and assist with conception. It is the most efficient assisted reproductive technology (ART), helping couples or single parents around the world.
IVF procedure is performed in a clinical laboratory where the matured egg (self-egg or donor’s egg) is fertilized with the sperm (self-sperm or donor’s sperm). The fertilized egg or embryo is then implanted into the uterus. Though IVF does not always give successful results and its success rate varies from individual to individual, it has emerged as a preferable choice for fertility treatments in the clinical industry
Surge in prevalence of delayed pregnancies and growth in infertility rates drive the market. In addition, availability of latest medical technologies in IVF devices throughout the world, is expected to fuel the market growth.
Global IVF Devices and Consumables Market Segmentation
The IVF devices and consumables market is segmented based on instrument, reagents & media, technology, end user, and geography. Based on instrument, the market is divided into incubators, cryosystem, imaging system, cabinet, ovum aspiration pump, sperm separation system, micromanipulator, accessories and disposables, and others. By reagents & media, the market is classified into cryopreservation media, semen processing media, ovum processing media, and embryo culture media. On the basis of technique, the market is categorized into fresh embryo transfer technique, frozen embryo transfer technique and donor egg IVF technique. By end user, it is segmented into fertility clinics, hospitals, surgical centers, and clinical research institutes. By geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market is expected to witness a moderate growth during the forecast period, owing to the rise in adoption of IVF devices and consumables due to surge in disposable income of population. Furthermore, health insurance portability and rise in advertising and marketing of medical facilities to promote IVF devices and consumables are anticipated to augment the market growth. However, costs associated with IVF treatment and reimbursement issues related to fresh IVF cycles are expected to hamper the market growth.
The report provides extensive competitive analysis and profiles of key market players, such as Cook Medical, Inc., Cooper Companies, Inc., Genea Biomedx, JXTG Holdings, Inc., Merck KGAA, Ovascience, Inc., Oxford Gene Technology, Progyny, Inc., Thermo Fisher Scientific, Inc., and Vitrolife AB. The other players in the value chain include GlaxoSmithKline PLC (Viiv Healthcare Group of Companies), AbbVie Inc., Bristol-Myers Squibb Company, and AstraZeneca plc.
IVF Devices and Consumables Market, by Geography, 2016-2023 ($Million)
Asia-Pacific possesses high market potential for the growth of IVF devices and consumables market, owing to increase in accessibility and availability of healthcare facilities and rise in healthcare and research expenditure. The region is anticipated to experience rapid market growth due to economic development.
Key Benefits :
- This report entails a detailed quantitative analysis of the current market trends from 2014 to 2023 to identify the prevailing opportunities.
- Market estimations are based on comprehensive analysis of the key developments in the industry.
- In-depth analysis based on geography assists to understand the regional market and the strategic business planning.
- The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.
IVF Devices and Consumables Market Key Segments:
- Imaging System
- Ovum Aspiration Pump
- Sperm Separation System
- Accessories and Disposables
By Reagents & Media
- Cryopreservation Media
- Semen Processing Media
- Ovum Processing Media
- Embryo Culture Media
- Fresh Embryo Transfer Technique
- Frozen Embryo Transfer Technique
- Donor Egg IVF Technique
By End User
- Fertility Clinics
- Surgical Centers
- Clinical Research Institutes
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
- Latin America