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IVF Devices and Consumables Market Expected to Reach $12 Billion by 2032—Allied Market Research

 
2022
IVF Devices and Consumables Market

Report Code : A00720

quote Rise in advancements in reproductive technologies, better understanding of infertility causes, and improvements in IVF procedures have collectively contributed to higher success rates, thereby driving the market growth. quote

Roshan Deshmukh - Manager
Life Sciences at Allied Market Research

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According to a new report published by Allied Market Research, titled, “IVF Devices and Consumables Market," The ivf devices and consumables market was valued at $2.2 billion in 2022, and is estimated to reach $12 billion by 2032, growing at a CAGR of 18.4% from 2023 to 2032.

In vitro fertilization (IVF) is a type of assisted reproductive technology, which involves combining an egg and sperm outside the body in a laboratory, with the resulting embryo implanted into the uterus for potential pregnancy. IVF devices market encompass a range of specialized equipment, including incubators, micromanipulation tools, and cryopreservation systems, designed to facilitate various stages of the IVF process. These devices contribute to creating optimal conditions for fertilization, embryo development, and successful implantation. IVF consumables include essential materials such as culture media, needles, catheters, and disposable instruments used during egg retrieval and embryo transfer procedures. These consumables play a crucial role in maintaining sterility, precision, and efficiency throughout the intricate IVF process.

The key factor driving the growth of the global IVF devices and consumables market size include decline in fertility rate, owing to rise in fertility disorders such as polycystic ovarian disorder (PCOD) and polycystic ovarian syndrome (PCOS) in women. For instance, in 2023 the World Health Organization (WHO), estimated that about 8-13% of women affected with polycystic ovary syndrome (PCOS) across the globe. In addition, changing lifestyle factors, such as smoking, unhealthy diets, and alcohol consumption, are contributing to prevailing infertility cases. Modern lifestyles with stress, sedentary habits, and poor dietary choices further impact reproductive health, leading to a decline in fertility rates. 

In addition, ongoing innovations in IVF devices, including sophisticated incubators, micromanipulation tools, and cryopreservation systems contribute to improved success rates and enhanced precision in fertility treatments which are IVF devices and consumables market trends. For instance, THE COOPER COMPANIES, INC. offers the RI Saturn 5, which is a movable laser for assisted reproductive technology to enhance the adaptability and precision of the laser beam, allowing for fine control during IVF procedures.

Furthermore, the surge in IVF success rates has been a significant driving force of the IVF devices and consumables market, thus increasing the adoption of devices and boosting IVF devices market size. Moreover, advancements in reproductive technologies, better understanding of infertility causes, and improvements in IVF procedures have collectively contributed to higher success rates. As people become aware of the improved outcomes and success stories associated with IVF, the demand for IVF devices continues to rise, thereby driving the IVF devices and consumables market growth.

However, higher costs associated with IVF devices, ethical issues, and complications associated with IVF act as the key deterrent factors of the market. On the contrary, a rise in demand for IVF devices and high growth potential in emerging countries are expected to open new avenues for the expansion of the  IVF devices and consumables market opportunity.

Depending on the product, the IVF devices and consumables market analysis is classified into instruments, accessories & disposables, and reagents & media. The instruments segment is further categorized into sperm separation systems, cryosystems, incubators, imaging systems, ovum aspiration pumps, cabinets, micromanipulators, and others. The reagents & media segment further categorized into cryopreservation media, semen processing media, ovum processing media, and embryo culture media. The accessories & disposables segment dominated the IVF devices and consumables market share in 2022 owing to widespread adoption of consumables such as catheters and needles, ensures sterility, and reduces the risk of infections during crucial stages of the IVF process. In addition, advantages of accessories and consumables such as convenience, easy to handle, and cost-effectiveness of consumables drive the IVF devices and consumables market forecast.

However, the instrument segment is expected to register the highest CAGR during the forecast period, owing to continuous technological advancements in imaging systems and surge in demand for advanced IVF devices, thus driving IVF devices market. In addition, increase in complexity of fertility treatments necessitates specialized instruments, such as advanced incubators and time-lapse imaging devices and emphasis on infertility diagnosis and treatment fuel the demand for innovative instruments and drives IVF devices market size.

Depending on technology, the market is classified into fresh embryo IVF, frozen embryo IVF, and donor egg IVF. The fresh embryo IVF segment dominated the IVF devices and consumables market share in 2022, owing to advancements in cryopreservation techniques for embryos, which have increased the viability of fresh embryo transfers. Moreover, advantages of fresh embryo IVF such as higher success rate, convenience, cost-effectiveness, and enhanced safety augment the segment growth. However, frozen embryo IVF segment is expected to register the highest CAGR during the forecast period. This is attributed to its advantages such as flexibility, success rates, and technological advancements, making it a preferred choice for couples undergoing fertility treatments.

Depending on end user, the market is classified into fertility clinics, hospitals, surgical centers, and clinical research institutes. The fertility clinics segment acquired the largest IVF devices and consumables market size in 2022 and is expected to register the highest CAGR during the forecast period. This is attributed to rise in number of fertility clinics and high success rates of fertility clinics. 

Region wise, Asia-Pacific dominated the market in 2022 and is expected to register the highest CAGR during the forecast period owing to rise in prevalence of infertility issues, surge in fertility clinics, increase in awareness regarding fertility treatments, availability of IVF treatments, and supportive government policies and initiatives aimed at addressing reproductive health concerns.

Key Findings of The Study

  • By product, the accessories & disposables segment was largest contributor to the IVF devices and consumables industry in 2022. 
  • On the basis of technology, the fresh embryo IVF segment was largest contributor to the IVF devices and consumables industry in 2022. 
  • Depending on end user, the fertility clinics segment dominated the IVF devices industry in 2022. 
  • Region wise, Asia-Pacific generated the largest revenue in 2022 and is anticipated to grow at the highest CAGR during the forecast period.

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quote IVF Devices and Consumables Market by Product (Instruments, Accessories and Disposables, Reagents and Media), by Technology (Fresh Embryo IVF, Frozen Embryo IVF, Donor Egg IVF), by End User (Fertility Clinics, Hospitals, Surgical Centers, Clinical Research Institutes): Global Opportunity Analysis and Industry Forecast, 2023-2032 quote

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