In-Vitro Fertilization (IVF) Devices Market was valued at USD 10.30 Billion in 2022 and is projected to reach USD 19.75 Billion by 2030, growing at a CAGR of 8.60% from 2024 to 2030.
The global In-Vitro Fertilization (IVF) Devices Market has experienced significant growth from 2018 to 2022, driven by advancements in fertility technology, increasing demand for IVF procedures, and the rising awareness of infertility treatments. The IVF devices market includes a wide range of products such as incubators, sperm analyzers, imaging systems, and culture media, all of which have seen substantial improvements in terms of functionality and efficiency during this period. The demand for these devices surged in response to the growing number of couples seeking fertility assistance worldwide, influenced by factors like delayed pregnancies and lifestyle changes. In particular, the demand for advanced IVF technologies has grown in emerging markets, where the awareness and adoption of assisted reproductive technology (ART) have gained momentum.
Between 2018 and 2022, the market was also bolstered by the launch of innovative devices that provided higher precision and reduced risks during IVF procedures. Technologies such as time-lapse embryo imaging and artificial intelligence-driven systems made IVF treatments more successful and less invasive. Furthermore, advancements in cryopreservation techniques and improvements in laboratory automation have streamlined IVF processes, reducing the time and cost involved. The trend toward personalized medicine in IVF also contributed to the market's growth, as it allowed for customized treatment plans based on the unique needs of patients. Additionally, fertility clinics were increasingly adopting advanced IVF devices to stay competitive and meet growing consumer demand.
Looking ahead to the period from 2023 to 2033, the demand for IVF devices is expected to continue growing, driven by factors such as rising infertility rates, the expanding global middle class, and increasing healthcare accessibility. However, the demand will likely be influenced by the ongoing development of more affordable and efficient devices, especially in emerging markets where price sensitivity is higher. As the technology becomes more cost-effective and widely accessible, IVF procedures may become a routine part of fertility treatment globally. The growth of personalized IVF, where genetic screening and embryo selection are incorporated into treatment plans, is also poised to push the demand for sophisticated IVF devices. Additionally, the increasing integration of artificial intelligence and automation in IVF labs is expected to further propel the market, enabling more precise treatments and higher success rates.
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Hunter Scientific
K-Systems / Kivex Biotec
Prarthana Fertility Centre
Esco Micro
Victory A.R.T. Laboratory
Servy Massey Fertility Institute
The Infertility Center Of St. Louis
Girexx
Dunya Ivf Centre
Iscare Lighthouse
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global In-Vitro Fertilization (IVF) Devices Market
Fertility Clinics
Hospitals
Surgical Centres
Clinical Research Institutes
Others
Based on Types the Market is categorized into Below types that held the largest In-Vitro Fertilization (IVF) Devices market share In 2023.
Incubators
Cryosystem
Imaging System
Ovum Aspiration Pump
Sperm Aspiration Pump
Micro Manipulators
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global In-Vitro Fertilization (IVF) Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global In-Vitro Fertilization (IVF) Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global In-Vitro Fertilization (IVF) Devices Market, By Type
6. Global In-Vitro Fertilization (IVF) Devices Market, By Application
7. Global In-Vitro Fertilization (IVF) Devices Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global In-Vitro Fertilization (IVF) Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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