The increasing age of parenthood is also driving the market, as more women delay childbirth due to career or personal reasons, potentially facing fertility issues that can be addressed through IVF treatments. Innovations in culture media formulations, particularly in cryopreservation, embryo culture, ovum processing, and sperm processing media, are expected to drive market growth, improving success rates and outcomes for assisted reproduction techniques.
The healthcare infrastructure, encompassing the presence of specialized clinics and skilled professionals, is crucial in shaping the market landscape. Furthermore, public awareness and societal acceptance of IVF as a viable solution for infertility contribute to the market's expansion, as individuals and couples increasingly seek these services to fulfill their reproductive aspirations. For instance, in April 2022, Berlin-based Apryl secured USD 4.1 million to launch a fertility benefits platform, aiming to provide inclusive employee benefits in the workplace, addressing rising fertility awareness and work-perk competition.
Germany In Vitro Fertilization Market Report Highlights
- Culture media dominated the market with 41.1% share in 2023, owing to technological advancements, success rates, and outcomes for assisted reproduction techniques.
- Based on procedure type, the frozen non donor segment dominated the market with the largest share in 2023. This is attributed to the flexibility in planning and scheduling of IVF cycles.
- The fertility clinic segment accounted for the largest revenue share of 79.9% in 2023 and is expected to grow at the fastest CAGR during the forecast period owing to the increasing number of individuals and couples seeking fertility treatments.
Table of Contents
Companies Mentioned
- Bayer AG
- Cook Medical LLC
- VivaNeo
- Ferring B.V.
- Genea Biomedx
- EMD Serono, INC
- Merck & Co., Inc.
- Thermo Fisher Scientific, Inc
- Vitrolife
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 80 |
Published | May 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 1.51 Billion |
Forecasted Market Value ( USD | $ 2.28 Billion |
Compound Annual Growth Rate | 5.8% |
Regions Covered | Germany |
No. of Companies Mentioned | 9 |