In Vitro Fertilization (IVF) Devices and Consumables Market is Expected to Grow at 18.5% by 2031. In vitro fertilization is a form of assisted reproductive technology where the egg is artificially fertilized and later implanted in the womb. This method is widely prevalent in infertile parents, LGBT community, and single mothers. The global in vitro fertilization devices and consumables market will undergo rapid growth during the forecast period due to rising infertility rates, delayed pregnancies, and surging evolution of assisted reproductive technologies. Innovations in IVF technologies such as the introduction of capsule IVF will further add to the demand for IVF across the globe. However, the high cost of devices, less awareness, and low affordability in middle- and low-income countries may hold back the market growth. On the other hand, perpetual rise in the numbers of LGBT community, legal sanctions for same sex marriage and growing awareness will offer potential opportunities for expansion of in vitro fertilization devices and consumables market.
The demand for IVF is high in developed regions of the world. Large potential patient pool has led to growth in IVF treatments in North America and Europe. This has led to higher involvement of insurance players to cover IVF, and ultimately competitive pricing of IVF treatments. Flourishing medical tourism market in Latin America and Asia-Pacific is also a key contributor to IVF devices and consumables market growth. It is witnessed that a great proportion of medical tourism patients opt for assisted reproduction hence, allowing huge demand in Asia-Pacific and Latin America markets. The market players are introducing automation to IVF processes and there is a gradual shift to minimally invasive or non-invasive IVF procedures.
Key players identified for in vitro fertilization devices and consumables market include but are not limited to:
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of In Vitro Fertilization (IVF) Devices and Consumables market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Key questions answered in this report
