IVF Devices and Consumables Market Scope, Trends and Opportunity 2023-2028
IMARC Group’s report titled “IVF Devices and Consumables Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global IVF devices and consumables market size reached US$ 2.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2028, exhibiting a growth rate (CAGR) of 14.6% during 2023-2028.
IVF devices and consumables are crucial components of assisted reproductive technologies (ART) used to address fertility issues, prevent genetic disorders, and facilitate conception. They encompass a range of medications and surgical procedures involved in egg retrieval, ovulation induction, insemination, fertilization, embryo culture, and transfer. These devices and consumables play a significant role in helping women with damaged or blocked fallopian tubes achieve successful pregnancies and deliver healthy babies. They also assist in addressing male infertility through techniques like intra-cytoplasmic sperm injection (ICSI). IVF devices and consumables are widely utilized in fertility clinics, hospitals, surgical centers, and clinical research institutes to support fertility treatments and reproductive health.
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IVF Devices and Consumables Market Trends and Drivers:
The IVF devices and consumables market is driven by increasing awareness among individuals about the benefits of IVF therapy for achieving successful pregnancies, as well as the growing number of delayed pregnancies worldwide. Additionally, the expanding healthcare industry and the availability of gamete donations to support intended parents in their journey to have a child are significant factors contributing to market growth. Government investments in healthcare infrastructure further enhance market prospects. Moreover, leading market players are investing in research and development to improve techniques such as embryo culture, cryopreservation, and in vitro maturation, while implementing effective marketing strategies to expand their customer base. The integration of artificial intelligence (AI) in IVF, particularly for embryo identification, is also anticipated to drive the IVF devices and consumables market in the coming years.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
- Instruments
- Sperm Separation Systems
- Cryosystems
- Incubators
- Imaging Systems
- Ovum Aspiration Pumps
- Cabinets
- Micromanipulators
- Others
- Accessories and Disposables
- Reagents and Media
- Cryopreservation Media
- Semen Processing Media
- Ovum Processing Media
- Embryo Culture Media
Breakup by Technology:
- Fresh Embryo IVF
- Frozen Embryo IVF
- Donor Egg IVF
Breakup by End User:
- Fertility Clinics
- Hospitals
- Surgical Centers
- Clinical Research Institutes
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Coopersurgical Inc. (The Cooper Companies Inc)
- Esco Medical
- FUJIFILM Irvine Scientific (FUJIFILM Holdings Corporation)
- Genea Biomedx
- Hamilton Thorne Ltd.
- INVO Bioscience
- Memmert GmbH + Co.KG
- Merck KGaA
- Nidacon International AB
- Rocket Medical Plc
- Thermo Fisher Scientific and Vitrolife
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