In Vitro Fertilization Market worth $987 million by 2026- Exclusive Report by MarketsandMarkets™
The median age of first-time mothers has been increasing worldwide, especially in developed countries. This is due to several factors, including women pursuing higher education and career opportunities, delayed marriage, and an increased acceptance of unmarried women having children.
This is driving demand for in vitro fertilization (IVF) services, as more couples are looking for fertility treatments in order to conceive. The rising median age of first-time mothers is expected to drive the growth of the in vitro fertilization market during the forecast period.
In vitro fertilization (IVF) is a process of assisted reproductive technology in which a woman’s eggs are surgically removed from her ovaries and fertilized with sperm in a laboratory.
The fertilized egg is then transferred back into the woman’s uterus, resulting in a successful pregnancy. While in vitro fertilization is an effective means of helping many couples conceive, the procedure is expensive and often not covered by health insurance.
The cost of an in vitro fertilization cycle can range from $10,000 to $15,000, depending on factors such as the age of the woman and the complexity of the procedure. Additionally, medications used during the process can also add to the cost. This high cost can be a major barrier for many couples considering in vitro fertilization.
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On the basis of products, the in vitro fertilization market is classified into equipment, reagents & media and accessories. The equipment segment held the largest share owing in presence of well established players offering advanced equipments for infertility treatment, growing acquisition & partnership among players to launch new equipment in the market and initiatives by government to boost the accessibility of the in vitro fertilization equipment.
The in vitro fertilization market is further segmented into This market is further divided into sperm analyzer systems, micromanipulator systems, laser systems, imaging systems, ovum aspiration pumps, sperm separation devices, incubators, cryosystems, cabinets, gas analyzers, anti-vibration tables, witness systems, and other equipment.
The imaging systems segment commanded the largest share of the in vitro fertilization equipment market in 2020 due to technological advancements and increasing applications of imaging systems in IVF procedures.
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