The IVF devices and consumables market was valued at $2.2 billion in 2022 and is estimated to reach $12 billion by 2032, exhibiting a CAGR of 18.4% from 2023 to 2032.
In vitro fertilization (IVF) is a medical procedure in which an egg and sperm are combined outside the body to create an embryo, which is then implanted in the uterus for pregnancy. IVF has become a common and widely used assisted reproductive technology (ART) to help individuals and couples overcome infertility. The process involves several steps, and various devices and consumables are used to facilitate each stage of IVF. IVF devices encompass a range of equipment specifically engineered for various aspects of fertility treatment. These devices include incubators to provide an optimal environment for embryo development, micromanipulation tools for the delicate handling of eggs and sperm during the fertilization process, and cryopreservation devices for storing embryos or reproductive cells for future use. In addition, imaging systems are employed to monitor and assess embryo development.
The growth of the global IVF devices and consumables market is majorly driven by an increase in trend of delayed pregnancies, surge in awareness about fertility treatments, and technological advancements in IVF devices. Furthermore, the rise in infertility rates globally has been a significant driver of the IVF devices and consumables market. Moreover, lifestyle changes, delayed pregnancies, and various medical conditions contribute to higher incidences of infertility, prompting individuals and couples to seek assisted reproductive technologies.
In addition, the increase in the number of fertility clinics across the globe has improved accessibility to IVF procedures. As these clinics expand their reach to smaller cities and towns, more people are becoming aware of the availability of various IVF procedures and treatments. This rise in awareness, coupled with advancements in medical technologies, is expected to increase the demand for IVF devices and consumables during the forecast period.
Furthermore, government initiatives and policies supporting infertility treatments, including financial assistance and insurance coverage, surge in number of gamete donations, and increase in healthcare expenditure worldwide act as the key driving forces of the global market. Moreover, increased awareness about fertility treatments, coupled with a reduction in social stigma surrounding infertility, has led to greater acceptance of IVF as a viable solution, which is expected to drive the market growth. For instance, the National Infertility Awareness Week (NIAW) in April 2022 shed light on the commonality of fertility issues, with 186 million individuals and 48 million couples worldwide facing fertility issues. The change in societal attitudes has expanded the market by encouraging more people to consider assisted reproductive technologies.
However, higher cost of treatment, complications associated with IVF, and lack of awareness among the population especially in underdeveloped economies impede market growth. In contrast, surge in number of fertility clinics & service providers and high growth potential in emerging countries are anticipated to provides lucrative opportunity for the market growth during the forecast period.
The global IVF devices and consumables market is segmented into product, technology, end user, and region. By product, the market 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 is sub segmented into cryopreservation media, semen processing media, ovum processing media, and embryo culture media.
By technology, the market is classified into fresh embryo IVF, frozen embryo IVF, and donor egg IVF. Depending on end user, it is segregated into fertility clinics, hospital, surgical centers, and clinical research institutes. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The key players that operate in the global IVF devices and consumables market are Cook Group, Cooper Companies, Inc. Genea Limited, Fujifilm Holdings Corporation, Hamilton Thorne Ltd., Vitrolife AB, Esco Micro Pte. Ltd., Nidacon International AB, Kitazato Corporation, and Thermo Fisher Scientific, Inc. These players have adopted product launch, expansion, agreement, acquisition, and collaboration as their key strategies to expand their product portfolio and strengthen their foothold in the market.
In vitro fertilization (IVF) is a medical procedure in which an egg and sperm are combined outside the body to create an embryo, which is then implanted in the uterus for pregnancy. IVF has become a common and widely used assisted reproductive technology (ART) to help individuals and couples overcome infertility. The process involves several steps, and various devices and consumables are used to facilitate each stage of IVF. IVF devices encompass a range of equipment specifically engineered for various aspects of fertility treatment. These devices include incubators to provide an optimal environment for embryo development, micromanipulation tools for the delicate handling of eggs and sperm during the fertilization process, and cryopreservation devices for storing embryos or reproductive cells for future use. In addition, imaging systems are employed to monitor and assess embryo development.
The growth of the global IVF devices and consumables market is majorly driven by an increase in trend of delayed pregnancies, surge in awareness about fertility treatments, and technological advancements in IVF devices. Furthermore, the rise in infertility rates globally has been a significant driver of the IVF devices and consumables market. Moreover, lifestyle changes, delayed pregnancies, and various medical conditions contribute to higher incidences of infertility, prompting individuals and couples to seek assisted reproductive technologies.
In addition, the increase in the number of fertility clinics across the globe has improved accessibility to IVF procedures. As these clinics expand their reach to smaller cities and towns, more people are becoming aware of the availability of various IVF procedures and treatments. This rise in awareness, coupled with advancements in medical technologies, is expected to increase the demand for IVF devices and consumables during the forecast period.
Furthermore, government initiatives and policies supporting infertility treatments, including financial assistance and insurance coverage, surge in number of gamete donations, and increase in healthcare expenditure worldwide act as the key driving forces of the global market. Moreover, increased awareness about fertility treatments, coupled with a reduction in social stigma surrounding infertility, has led to greater acceptance of IVF as a viable solution, which is expected to drive the market growth. For instance, the National Infertility Awareness Week (NIAW) in April 2022 shed light on the commonality of fertility issues, with 186 million individuals and 48 million couples worldwide facing fertility issues. The change in societal attitudes has expanded the market by encouraging more people to consider assisted reproductive technologies.
However, higher cost of treatment, complications associated with IVF, and lack of awareness among the population especially in underdeveloped economies impede market growth. In contrast, surge in number of fertility clinics & service providers and high growth potential in emerging countries are anticipated to provides lucrative opportunity for the market growth during the forecast period.
The global IVF devices and consumables market is segmented into product, technology, end user, and region. By product, the market 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 is sub segmented into cryopreservation media, semen processing media, ovum processing media, and embryo culture media.
By technology, the market is classified into fresh embryo IVF, frozen embryo IVF, and donor egg IVF. Depending on end user, it is segregated into fertility clinics, hospital, surgical centers, and clinical research institutes. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The key players that operate in the global IVF devices and consumables market are Cook Group, Cooper Companies, Inc. Genea Limited, Fujifilm Holdings Corporation, Hamilton Thorne Ltd., Vitrolife AB, Esco Micro Pte. Ltd., Nidacon International AB, Kitazato Corporation, and Thermo Fisher Scientific, Inc. These players have adopted product launch, expansion, agreement, acquisition, and collaboration as their key strategies to expand their product portfolio and strengthen their foothold in the market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ivf devices and consumables market analysis from 2022 to 2032 to identify the prevailing ivf devices and consumables 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 ivf devices and consumables 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 ivf devices and consumables market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By End User
- Clinical Research Institutes
- Fertility Clinics
- Hospitals
- Surgical Centers
By Product
- Instruments
- Type
- Sperm Separation System
- Cryosystem
- Incubator
- Imaging System
- Ovum Aspiration Pump
- Cabinet
- Micromanipulator
- Others
- Accessories and Disposables
- Reagents and Media
- Type
- Cryopreservation Media
- Semen Processing Media
- Ovum Processing Media
- Embryo Culture Media
By Technology
- Fresh Embryo IVF
- Frozen Embryo IVF
- Donor Egg IVF
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Vitrolife AB
- Kitazato Corporation
- Hamilton Thorne Ltd.
- Nidacon International AB
- Esco Micro Pte. Ltd.
- Cooper Companies, Inc.
- Fujifilm Holdings Corporation
- Genea Limited
- Thermo Fisher Scientific, Inc.
- Cook Group
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: IVF DEVICES AND CONSUMABLES MARKET, BY PRODUCT
CHAPTER 5: IVF DEVICES AND CONSUMABLES MARKET, BY TECHNOLOGY
CHAPTER 6: IVF DEVICES AND CONSUMABLES MARKET, BY END USER
CHAPTER 7: IVF DEVICES AND CONSUMABLES MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Vitrolife AB
- Kitazato Corporation
- Hamilton Thorne Ltd.
- Nidacon International AB
- Esco Micro Pte. Ltd.
- Cooper Companies, Inc.
- Fujifilm Holdings Corporation
- Genea Limited
- Thermo Fisher Scientific, Inc.
- Cook Group
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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