Global IVF Services Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Cycle Type;

Fresh IVF Cycles (Non-donor), Thawed IVF Cycles (Non-donor) and Donor Egg IVF Cycles.

By End User;

Fertility Clinics, Hospitals, Surgical Centers and Clinical Research Institutes.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn897084159 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global IVF Services Market (USD Million), 2020 - 2030

In the year 2023, the Global IVF Services Market was valued at USD 16,080.57 million. The size of this market is expected to increase to USD 31,038.59 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 9.9%.

The global in vitro fertilization (IVF) services market has witnessed remarkable growth over the past few decades, driven by various factors such as technological advancements, increasing infertility rates, and growing awareness about assisted reproductive technologies (ART). IVF procedures involve fertilizing an egg with sperm outside the body, typically in a laboratory setting, and then implanting the embryo into the uterus. This technique has revolutionized the treatment of infertility and has offered hope to millions of couples struggling to conceive naturally.

One of the key factors fueling the growth of the global IVF services market is the rising prevalence of infertility worldwide. Factors such as lifestyle changes, delayed childbearing, environmental factors, and underlying health conditions have contributed to the growing incidence of infertility among both men and women. As a result, there has been a surge in demand for assisted reproductive technologies, including IVF, to help couples achieve pregnancy and fulfill their desire for parenthood.

Advancements in IVF technology have significantly improved success rates and reduced the risks associated with infertility treatments. Innovations such as preimplantation genetic testing (PGT), time-lapse imaging, and embryo culture systems have enhanced the efficiency and accuracy of IVF procedures, resulting in higher pregnancy rates and healthier outcomes for both mothers and babies. Additionally, the increasing availability of specialized fertility clinics, skilled healthcare professionals, and supportive regulatory frameworks in many countries have further propelled the growth of the IVF services market.

Despite the significant advancements and growing demand, the high cost of IVF treatments remains a major challenge for many couples seeking fertility assistance. IVF procedures can be financially burdensome, particularly for those without insurance coverage or in regions where access to affordable fertility care is limited. Efforts to address these cost barriers, along with ongoing research and development aimed at improving treatment outcomes and expanding access to care, are expected to shape the future trajectory of the global IVF services market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Cycle Type
    2. Market Snapshot, By End User
    3. Market Snapshot, By Region
  4. Global IVF Services Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Advancements in reproductive technology
        2. Increasing infertility rates globally
        3. Rising demand for assisted reproduction
        4. Growing acceptance of IVF treatments
      2. Restraints
        1. High cost of IVF procedures
        2. Ethical and legal concerns
        3. Limited insurance coverage
        4. Cultural stigmas and barriers
      3. Opportunities
        1. Emerging markets adoption
        2. Technological innovations in IVF
        3. Increasing fertility tourism
        4. Expanding fertility preservation services
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global IVF Services Market, By Cycle Type, 2020 - 2030 (USD Million)
      1. Fresh IVF Cycles (Non-donor)
      2. Thawed IVF Cycles (Non-donor)
      3. Donor Egg IVF Cycles
    2. Global IVF Services Market, By End User, 2020 - 2030 (USD Million)
      1. Fertility Clinics
      2. Hospitals
      3. Surgical Centers
      4. Clinical Research Institutes
    3. Global IVF Services Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. The Cooper Companies, Inc
      2. Vitrolife AB
      3. Cook Medical Inc
      4. Irvine Scientific
      5. Thermo Fisher Scientific Inc
      6. Merck KGaA
      7. Genea Limited
      8. Boston Scientific Corporation
      9. Progyny, Inc
      10. Ferring Pharmaceuticals
  7. Analyst Views
  8. Future Outlook of the Market