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A31381 | Pages: 28 | Charts: 51 | Tables: 81 |
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.
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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.
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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.
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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.
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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
Key Market Segments
Key Market Players