In-vitro Fertilization Microscopes Market

In-vitro Fertilization Microscopes Market Research, 2031

The global in-vitro fertilization microscopes market was valued at $105.4 million in 2021, and is projected to reach $250.4 million by 2031, growing at a CAGR of 9.4% from 2022 to 2031. In-vitro fertilization microscopes are used for various procedures, such as semen analysis, oocyte preparation, in-vitro fertilization, and the overall analysis of the embryo. The increasing success rate of in-vitro fertilization procedures, as well as the availability of financial aid, are expected to drive In-vitro fertilization microscopes market growth.

The COVID-19 pandemic caused significant disruptions in the demand, supply, import-export, and availability of microscopes across end-use industries. A microscope is frequently used to examine various types of cells, analyze clinical specimens, and scan nanomaterials. Microscopes, for example, are used in IVF treatment to assess ova selection, pre-treatment of ova using IVF techniques, and manipulation. However, the microscopes industry was the hardest hit during the pandemic, with sales of healthcare sector microscopes dropping dramatically. As a result, the demand for in-vitro fertilization microscopes in the healthcare sector has decreased. During the pandemic, all of these factors hampered the growth of the in-vitro fertilization microscopes market.

Furthermore, innovations in microscopes  are increasing treatment efficiency and are expected to lower procedure costs. Some of the significant market advancements include improved microscopic examination quality through high contrast and innovations in IVF microscope-related equipment. Hamilton Thorne Ltd., for example, launched the Dynamic Targeting System (DTS) for the LYKOS laser system in May 2019, which is compatible with the company's inverted microscopes used for IVF applications.

High cost of the microscopes is the main challenge that is expected to hinder the market growth during the forecast period. Apart from ICSI or IMSI machines, other important equipment are centrifuge, CO2/ Trigas/ Dry incubators, Oocyte/ Ovum aspiration pumps, Laser Hatching System, cryo cans, and embryoscope. This microscopes  used in IVF procedures is quite high as compared to others equipment, which is expected to hinder the in-vitro microscope market growth.

The industry players are investing a lot of effort on the R&D of smart and unique strategies to sustain their growth in the market. These strategies include product launches, mergers & acquisitions, collaborations, partnerships, and refurbishing of existing technology. For instance, Zeiss and Hamilton Throne joined the Global Fertility Alliance in June 2020. The Global Fertility Alliance is committed to assisting in the standardization of ART (Assisted Reproductive Treatment) laboratory processes. The alliance's current members are Merck KGaA, Illumina Inc., and Genea Limited. Furthermore, the  CRM's(assisted reproductive technologies) advanced latest IVF techniques include the EmbryoScope time-lapse system, frozen embryo transfer, microsurgical (testicular) sperm extraction, endometrial co-culture, and assisted embryo hatching. Taking advantage of the most recent advances in reproductive medicine, including a variety of advanced IVF techniques and services offered in conjunction with IVF, boosts the IVF microscopes market is expected to boost In-vitro fertilization microscopes market opportunity during the forecast period.

The key players profiled in this report include Linkam Scientific Instruments, Olympus Corporation, Leica Microsystems, Meiji Techno, Zeiss, Euromex Microscopen B.V., Labomed Europe B.V., Nikon Corporation, Narishige Group, Eppendorf AG, and Hamilton Thorne Ltd.

The in-vitro fertilization microscope market is segmented on the basis of type, end user, and region. By type, the market is divided into upright microscopes, inverted microscopes, stereo microscopes, and embryo microscope. By end user, the market is classified into clinical and academic research. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The in-vitro fertilization microscopes market is segmented into Type and End User.

By type, the embryo microscope segment dominated the market in 2021. The embryo microscope, now in use at IVF lab, is a new tool designed specifically for use in IVF laboratories. It has a camera and computer system designed to capture images of embryos growing in an incubator during in vitro fertilization cycles. These images, which were captured by a camera as the embryos developed in their culture dish, are displayed on a computer screen in the IVF lab. The computer system not only displays images of embryos; however, it displays information about their growth pattern. This information enables embryologists at Ovation Fertility Austin to observe healthy embryo development and detect any problems with cell division timing that may occur during the early stages of growth. These are anticipated to be the major factors affecting the In-vitro fertilization microscopes market size during the forecast period.

By end user, the clinical segment dominated the global In-vitro fertilization microscopes market share in 2021. Major factors driving segment growth include rise in awareness of IVF treatment and increased private investor investments in infertility clinics. The increasing use of a variety of microscopes in clinical Assisted Reproductive Technology (ART) procedures is expected to drive segment growth during the forecast period. Microscopes are used in clinical ART facilities to select gametes and perform clinical procedures. Oocyte & embryo morphology and viability are examined using stereo microscopes, whereas sperm morphology, motility, and viability are examined using upright microscopes. While both types of microscopes are used in clinical settings, inverted microscopes are best suited for ART.

By region, Europe dominated the global market in 2021 and is projected to remain the fastest-growing segment during the In-vitro fertilization microscopes market forecast period. Time-lapse technology with clinic-designed algorithms has seen widespread adoption in the region. Innovation in microscopes that provide all imaging requirements in a single embryo chamber, reducing the need for multiple workstations, assists in the saving of space and cost of the procedure. Furthermore, due to the falling birth rate of around 2.21 children/woman in Germany, the subsidy of IVF treatment is an important factor in the growth of this market. In addition, the national health plan (PSN) covers roughly half of the total cost of treatment. It allows for three cycles of in-vitro fertilization, which is expected to boost the market for in vitro fertilization, particularly in Germany. This factor boosts the IVF microscopes industry market growth in Europe.

Impact of COVID-19 on the In-Vitro Fertilization Microscope Industry

• COVID-19 has negatively impacted various industries such as microscope that has led to a drastic decline in microscope sales. In-vitro fertilization microscope, which is widely used in IVF treatment, witnessed reduction in the In-vitro fertilization microscope demand globally.
• During the World Health Organization's (WHO) COVID-19 pandemic, which was declared in March 2020, fertility societies worldwide recommended that IVF treatment be discontinued, except for essential medical fertility preservation. IVF centre operations resumed after measures such as decontaminating & validating equipment, ensuring adequate staffing, and completing risk assessments.
• The COVID-19 pandemic had a negative impact on the market due to social distancing norms and delays in fertilisation operations. As IVF patients must visit the clinic once a week, IVF procedures were halted during the pandemic.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the in-vitro fertilization microscopes market analysis from 2021 to 2031 to identify the prevailing in-vitro fertilization microscopes market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the in-vitro fertilization microscopes market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global in-vitro fertilization microscopes market trends, key players, market segments, application areas, and market growth strategies.

 In-vitro Fertilization Microscopes Market Report Highlights