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IVF Devices & Consumables Market Growth Statistics 2021, Upcoming Investments, Industry Demand, Share Evaluation, Prominent Players Strategies, Size, SWOT Analysis, and Recovery, Upcoming Investments and Forecast to 2030

Report Ocean presents a new report on IVF devices & consumables market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future.

The IVF devices & consumables market revenue was US$ 2,221.8 million in 2021. The global IVF devices & consumables market revenue is forecast to reach US$ 10,138.80 million by 2030, growing at a compound annual growth rate (CAGR) during the forecast period from 2022-2030.

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IVF (In vitro fertilization) aims to help improve fertility, prevent genetic disorders, and assist with the conception of a child. During IVF, mature eggs are collected (retrieved) from the ovaries and fertilized by sperm in a laboratory. An embryo (egg) then get transferred to the uterus. IVF cycles last three to four weeks. Sometimes these steps are split up, which makes the process longer. IVF is the most successful form of assisted reproduction. Devices & consumables associated with IVF include instruments, accessories, disposables, reagents, and media.

Factors Influencing Market Growth

The global IVF devices & consumables market is growing due to the significant rise in infertility rates, the trend of delayed pregnancies, awareness of IVF, and technological advances in IVF devices.

Increasing same-sex marriages, an increase in gamete donations, an increase in healthcare expenditures worldwide, and an increase in disposable income these factors contribute to the global IVF devices & consumables market’s growth.

The high cost of IVF, ethical concerns, complications associated with the procedure, and lack of awareness among the population may have a negative impact on the global market’s growth.

Impact Analysis of COVID-19

The COVID-19 outbreak negatively affected the global market for IVF devices & consumables. The COVID-19 pandemic has put a strain on healthcare systems worldwide. There has been a dramatic rise in COVID-19 cases, which has resulted in nonessential surgical procedures being canceled, including in vitro fertilization. As a result of many COVID-19 cases, there was a delay in fresh or frozen embryo transfers, elective surgery suspensions, and non-urgent diagnostic procedures. A prolonged lockdown on fertility treatment led to a decrease in the demand for IVF devices & consumables.

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Regional Insights

Asia Pacific held dominance in the global IVF devices & consumables market in 2021, and the market is forecast to continue its lead during the forecast period. Due to a higher demand for IVF, a higher infertility population, more trained medical professionals, and technological advancements in IVF. Moreover, an increase in disposable income and a surge in IVF adoption contributed to a rise in infertility rates. Thus, these factors are contributing towards the regional market growth.

Leading Competitors

The leading prominent companies profiled in the global IVF devices & consumables market are:

Cook Medical Incorporated

FUJIFILM Holdings Corporation (Irvine Scientific Sales Company, Incorporated)

Genea Limited (Genea Biomedx)

Merck KGaA (EMD Serono, Incorporated)

Progyny Incorporated

Sysmex Corporation (Oxford Gene Technology)

Tempest Therapeutics, Incorporated

The Cooper Companies, Incorporated (CooperSurgical, Incorporated)

Thermo Fisher Scientific, Incorporated

Vitrolife AB

Other Prominent Players

The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.

This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

Scope of the Report

The global IVF devices & consumables market segmentation focus on Product, Technology Type, End-User Type, and Region.

Segmentation based on Product

Instruments

Sperm Separation Systems

Cryosystems

Incubators

Imaging Systems

Ovum Aspiration Pumps

Cabinets

Micromanipulators

Others

Accessories & Disposables

Reagents & Media

Cryopreservation Media

Semen Processing Media

Ovum Processing Media

Embryo Culture Media

Segmentation based on Technology Type

Fresh Embryo IVF

Frozen Embryo IVF

Donor Egg IVF

Segmentation based on End-User Type

Fertility Clinics

Hospitals

Surgical Centers

Clinical Research Institutes

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Segmentation based on Region

North America

The U.S.

Canada

Mexico

Europe

Western Europe

The UK

Germany

France

Italy

Spain

Rest of Western Europe

Eastern Europe

Poland

Russia

Rest of Eastern Europe

Asia Pacific

China

India

Japan

Australia & New Zealand

ASEAN

Rest of Asia Pacific

Middle East & Africa (MEA)

UAE

Saudi Arabia

South Africa

Rest of MEA

South America

Brazil

Argentina

Rest of South America

What are the aspects of this report that relate to regional analysis?

The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.

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Updated : 2022-05-25 20:28 GMT+08:00