Global In-vitro Fertilization Market Forecast to 2024
This market research report includes a detailed segmentation of the global In Vitro Fertilization market by product (Reagents and Instruments), by cycle type (Fresh IVF Cycles, Thawed IVF Cycles, and Donor IVF Cycles), end-users (Hospitals and Research Laboratories, Fertility and Surgical Centers, and Cryobanks), and by region (North America, EMEA, APAC, and RoW). The market research report identifies Thermo Fisher Scientific Inc., Vitrolife, Cook Medical Inc., Cooper Companies (CopperSurgical Inc.), Irvine Scientific, Genea Limited, OvaScience Inc., Hunter Scientific, EMD Sereno Inc., and ESCO Micro Pte Ltd. as the major vendors operating in the global In Vitro Fertilization market.
Overview of the Global In Vitro Fertilization Market
Infoholic’s market research report predicts that the global In Vitro Fertilization market is expected to grow at a CAGR of 11.2% during the forecast period 2018–2024.
According to the In Vitro Fertilization market industry analysis, Europe accounts for the largest share, followed by North America, Asia Pacific, and Rest of the World. Increasing demand for assisted reproductive technology procedures and smooth implementation of advanced technology makes Europe a dominant shareholder in the market. Whereas, Asia Pacific is the fastest growing market due to increasing fertility tourism, upsurge in awareness, and acceptance of the technology.
In Vitro Fertilization Market Competitive Analysis and Key Vendors
There is an increase in acquisition, collaboration between IVF-related companies, and launching of new IVF products due to the favorable environment for IVF across the globe. For instance, in August 2018, Ferring Pharmaceuticals and Celmatix announced a collaboration, and the primary goal was to uncover new insights into ovarian biology and to accelerate the development of personalized interventions in women health and reproductive medicine. In August 2018, Thomson Medical announced to extend IVF services to China, in collaboration with assisted reproduction specialist IVI-RMA.
The In Vitro Fertilization market is driven by increasing awareness among the public about fertility and accessible treatment options, delayed pregnancies, reducing fertility rates, and initiation from the government to promote IVF treatment. However, high treatment cost, ethical concerns related to IVF, and low success rate of the procedure may slow down the growth of the In Vitro Fertilization market.
Some of the key vendors in the In Vitro Fertilization market are:
- Thermo Fisher Scientific, Inc.
- Cook Medical Inc.
- Cooper Companies (CopperSurgical Inc.)
- Irvine Scientific
Other prominent vendors are Genea Limited, OvaScience Inc., Hunter Scientific, EMD Sereno, Inc., and ESCO Micro Pte Ltd.
In Vitro Fertilization Market by Product
Reagents include embryo culture media, cryopreservation media, sperm processing media, and ovum processing media. Instruments comprise imaging system, sperm separation system, ovum aspiration pump, micromanipulator system, incubators, cryosystems, and others.
In 2017, Instruments segment occupied a significant market share and is expected to grow at a high CAGR during the forecast period.
In Vitro Fertilization Market by Cycle
- Fresh IVF Cycles
- Thawed IVF Cycles
- Donor IVF Cycles
In 2017, the Fresh IVF Cycles segment occupied a significant market share and is expected to grow at a high CAGR during the forecast period due to the increased success rate in the first attempt.
In Vitro Fertilization Market by End-users
- Hospitals and Research Laboratories
- Fertility and Surgical Centers
In 2017, the Fertility and Surgical Centers segment occupied a significant market share in 2017 and is expected to remain the same for the next five years due to the availability of technologically advanced IVF treatment and a broad range of fertility treatment with reimbursement facilities.
In Vitro Fertilization Market Benefits
The report provides detailed information about the usage and adoption of In Vitro Fertilization market in therapeutic verticals and regions. Additionally, key stakeholders can find out the major trends, drivers, investments, vertical player’s initiatives, government and company initiatives toward the adoption of in vitro fertilization in the upcoming years in the market. Moreover, the report provides details about the major challenges that are going to have an impact on market growth. Furthermore, the report gives complete details about the business opportunities to key stakeholders to expand their business and capture revenues in the specific verticals. The report will help companies interested or established in this market to analyze the various aspects of this domain before investing or expanding their business in the In Vitro Fertilization market.
1 Industry Outlook
1.1 Industry Overview
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Market Definition – Infoholic Research
3.2 Advantages of In Vitro Fertilization
3.3 Disadvantages of In Vitro Fertilization
3.4 Need for In Vitro Fertilization
3.5 Process of In Vitro Fertilization
3.6 Segmented Addressable Market
3.7 Trends in the In Vitro Fertilization Market
3.8 Related Markets
3.8.1 Female Condom Market
3.8.2 Erectile Dysfunction Market
4 Market Outlook
4.1 History of In Vitro Fertilization
4.2 Market Segmentation
4.3 PEST Analysis
4.4 Porter 5(Five) Forces
5 Market Characteristics
5.1 Market Dynamics
220.127.116.11 Reducing fertility rates
18.104.22.168 Deferred pregnancies among women
22.214.171.124 Initiation from the government to promote IVF treatment
126.96.36.199 Increased fertility tourism
188.8.131.52 High cost of IVF treatment
184.108.40.206 Low success rate of IVF treatment
5.2 DRO – Impact Analysis
5.3 Key Stakeholders
6 Products: Market Size and Analysis
6.2.1 Cryopreservation Media
6.2.2 Sperm Processing Media
6.2.3 Embryo Culture Media
6.2.4 Ovum Processing Media
6.3.1 Imaging System
6.3.2 Ovum Aspiration Pumps
6.3.3 Sperm Separation Systems
6.3.4 Micromanipulator Systems
7 Cycle Type: Market Size and Analysis
7.2 Fresh IVF Cycle (Non-donor)
7.3 Thawed IVF Cycle (Non-donor)
7.4 Donor Egg IVF Cycles
8 End-users: Market Size and Analysis
8.2 Hospitals and Research Laboratories
8.3 Fertility and Surgical Centers
9 Regions: Market Size and Analysis
9.2 North America
9.4 Asia Pacific
9.5 Rest of the World
10 Competitive Landscape
11 Vendors Profile
11.1 Thermo Fisher Scientific Inc.
11.1.2 Business Units
11.1.3 Geographic Revenue
11.1.4 Business focus
11.1.5 SWOT Analysis
11.1.6 Business Strategies
11.2.2 Geographic Revenue
11.2.3 Business Focus
11.2.4 SWOT Analysis
11.2.5 Business Strategies
11.3 Cook Medical Inc.
11.3.2 Business Focus
11.3.3 SWOT Analysis
11.3.4 Business Strategies
11.4 Cooper Companies (CooperSurgical Inc.)
11.4.2 Business Units
11.4.3 Geographic Revenue
11.4.4 Business Focus
11.4.5 SWOT Analysis
11.4.6 Business Strategies
11.5 Irvine Scientific
11.5.2 Business Focus
11.5.3 SWOT Analysis
11.5.4 Business Strategies
12 Companies to Watch for
12.1 Genea Limited
12.2 EMD Sereno Inc.
12.3 ESCO Micro Pte Ltd.
12.4 Hunter Scientific
12.5 OvaScience Inc.
12.6 Oxford Gene Technology
TABLE 1 GLOBAL IN VITRO FERTILIZATION MARKET REVENUE BY REGIONS, 2017–2024 ($MILLION) 41
TABLE 2 OTHER PROMINENT VENDORS OF IN VITRO FERTILIZATION MARKET 48
TABLE 3 THERMO FISHER SCIENTIFIC INC.: PRODUCT OFFERINGS 50
TABLE 4 THERMO FISHER SCIENTIFIC: RECENT DEVELOPMENTS 51
TABLE 5 VITROLIFE: OFFERINGS 58
TABLE 6 VITROLIFE: RECENT DEVELOPMENTS 60
TABLE 7 COOK MEDICAL INC.: PRODUCT OFFERINGS 64
TABLE 8 COOK MEDICAL INC: RECENT DEVELOPMENTS 65
TABLE 9 COOPER COMPANIES (COOPERSURGICAL INC.): OFFERINGS 67
TABLE 10 COOPER COMPANIES (COOPERSURGICAL INC): RECENT DEVELOPMENTS 68
TABLE 11 IRVINE SCIENTIFIC: PRODUCT OFFERINGS 72
TABLE 12 IRVINE SCIENTIFIC: RECENT DEVELOPMENTS 74
TABLE 13 GENEA LIMITED: SNAPSHOT 76
TABLE 14 GENEA LIMITED: RECENT DEVELOPMENTS 76
TABLE 15 EMD SERENO, INC.: SNAPSHOT 77
TABLE 16 EMD SERENO, INC.: RECENT DEVELOPMENTS 77
TABLE 17 ESCO MICRO PTE LTD: SNAPSHOT 78
TABLE 18 HUNTER SCIENTIFIC: SNAPSHOT 79
TABLE 19 OVASCIENCE: SNAPSHOT 80
TABLE 20 OXFORD GENE TECHNOLOGY: SNAPSHOT 81
Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
- Data Collation (Primary & Secondary)
- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
Market related information is congregated from both primary and secondary sources.
Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.