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IVF Devices and Consumables Market to Reach $12.0 Billion, Globally, by 2032 at 18.4% CAGR: Allied Market Research
By: PR Newswire Association LLC. - 26 Feb 2024Back to overview list

Increase in infertility rates, delayed pregnancies among women, and technological advancements in IVF devices drive the growth of the global IVF devices and consumables market. 

PORTLAND, Ore., Feb. 26, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "IVF Devices and Consumables Market Size, Share by Product (Instruments, Accessories & Disposables, and Reagents & Media), Technology (Fresh Embryo IVF, Frozen Embryo IVF, and Donor Egg IVF), and End User, (Fertility Clinics, Hospitals, Surgical Centers, and Clinical Research Institutes): Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the global IVF devices and consumables industry generated $2.2 billion in 2022, and is anticipated to generate $12.0 billion by 2032, registering a CAGR of 18.4% from 2023 to 2032.? 

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Request Sample of the Report on IVF Devices and Consumables Market Forecast - https://www.alliedmarketresearch.com/request-sample/864 

Prime determinants of growth 

Rise in rates of infertility, trend of delayed pregnancies among women, and technological advancements in IVF devices act as the key driving forces of the global IVF devices and consumables market. However, high cost associated with IVF treatment restricts the market growth. On the contrary, growth opportunities in emerging markets, rise in number of fertility clinics, and expansion of fertility tourism presents are expected to open new avenues for the expansion of the market in the coming years. 

Report coverage & details: 

Report Coverage 

Details 

Forecast Period 

2023–2032 

Base Year 

2022

Market Size In 2022 

$2.2 Billion 

Market Size In 2032 

$12.0 Billion 

CAGR 

18.4 %

No. Of Pages In Report 

282

Segments Covered 

Product, Technology, End User,?and Region 

Drivers 

Increase In Infertility Rates 



Delayed Pregnancies Among Women 



Technological Advancements in IVF Devices 

Opportunities 

Growth Opportunities in Emerging Markets 



Rise In Number Of Fertility Clinics 



Increase In Trend of Fertility Tourism 

Restraint 

High Cost Of IVF Treatment 

 

Recession Impact 

  • During a recession, individuals and governments tighten their budgets, leading to reduced healthcare spending. This could affect patients' ability to access and afford IVF devices and consumables, potentially leading to decreased demand for IVF products. In addition, economic downturns often lead to reduced healthcare budgets, impacting the purchasing power of healthcare facilities. This results in delayed or scaled-down investments in expensive IVF devices and consumables.
  • However, delayed childbearing, increase in acceptance of assisted reproductive technologies, advancements in IVF technology, and increase in awareness of fertility issues are expected to boost the need for specific types of IVF devices and consumables. 

Want to Explore More, Connect to our Analyst- https://www.alliedmarketresearch.com/connect-to-analyst/864 

The accessories & disposables segment to maintain its leadership status throughout the forecast period 

Depending on product, the accessories & disposables segment acquired the largest market share in 2022, accounting for more than half of the market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to advantages associated with IVF accessories & disposables such as easy handling and high cost effeciency. 

However, the instruments segment is expected to register the highest CAGR of 19.0% during the forecast period. This is attributed to technological advancements; complexity of fertility treatments, which necessitate the use of advanced instruments, such as advanced incubators and time-lapse imaging devices, and emphasis on infertility diagnosis and treatment. 

The fresh embryo IVF segment to maintain its leadership status throughout the forecast period 

On the basis of technology, the fresh embryo segment was the major shareholder in 2022, accounting for around two-thirds of the global IVF devices and consumables market revenue and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the advantages of fresh embryo IVF such as higher success rate, convenience, cost-effectiveness, and enhanced safety. 

However, the frozen embryo IVF segment is expected to register the highest CAGR of 18.9% during the forecast period. This is attributed to the advantages associated with frozen embryo IVF such as flexibility, high success rates, and technological advancements, making it a preferred choice for couples undergoing fertility treatment. 

For Procurement Information - https://www.alliedmarketresearch.com/purchase-enquiry/864 

The fertility clinics segment to maintain its lead position during the forecast period 

By end user, the fertility clinics segment accounted for the largest share in 2022, contributing to around two-thirds of the global IVF devices and consumables market revenue, and is estimated to register the highest CAGR of 18.7% during the forecast period. This is attributed to the increasing prevalence of infertility issues and availability of advanced healthcare professionals in fertility clinics along with high success rate. 

Asia-Pacific to maintain its dominance by 2032 

Region wise, Asia-Pacific held the largest market share in terms of revenue in 2022, accounting for two-fifths of the global IVF devices and consumables market revenue and is likely to dominate the market during the forecast period. This is attributed to surge in prevalence of infertility issues, rise in number of fertility clinics, increase in awareness about fertility treatments, and rise in government policies and initiatives aimed at addressing reproductive health concerns. 

Leading Market Players

  • Cook Group
  • Cooper Companies Inc.
  • Genea Limited
  • Fujifilm Holdings Corporation
  • Hamilton Thorne Ltd.
  • Kitazato Corporation
  • Nidacon International AB
  • Vitrolife AB
  • Esco Micro Pte. Ltd.
  • Thermo Fisher Scientific Inc.

The report provides a detailed analysis of these key players in the global IVF devices and consumables market. These players have adopted strategies such as product launch, expansion, agreement, acquisition, and collaboration to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) Offered by Allied Market Research:

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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