According to a new report by MarketsandMarkets™ In Vitro Fertilization Market / IVF Market is projected to reach USD 987 million by 2026 from USD 638 million in 2021, at a CAGR of 9.1% from 2021 to 2026, . Factors such as growth in the median age of first-time mothers, global decline in the fertility rates, increasing male infertility, rise in consumption of alcohol and cigarettes, growing public awareness about infertility and the available treatment options, implementation of government initiatives to promote IVF treatments, and the introduction of new and advanced IVF products are likely to fuel the growth of the IVF market during the forecast period. Moreover, the significant rise growth in fertility tourism and growing adoption of assisted reproductive technology is another factor that is expected to provide growth opportunities for players in the market.
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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 equipment 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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Based on the type of cycle, the IVF market is segmented into fresh non-donor, frozen non-donor, fresh donor, and frozen donor IVF cycles. The fresh non-donor IVF cycle segment is estimated to account for the largest market share in 2021. Factors such as high success rates, easy implantation process, and enhanced embryo production are responsible for the large share of this market segment. However, the frozen non-donor cycle segment is projected to register higher growth during the forecast period, as this approach is highly preferred in cases where only a small number of eggs or embryos develop during one cycle, or if the patient needs to undergo any medical treatment, or if the patient prefers to delay childbirth.
Over the years, the median age of first-time mothers has increased significantly across the globe. This trend can largely be attributed to improved contraceptive techniques, late marriages, and the growing number of women prioritizing their careers over starting a family.
According to the data published by Australian Institute of Health and Welfare 2021, in Australia the average age of first-time mothers increased from 27.9 years in 2009 to 31.9 years in 2019. With the median age for first-time mothers increasing, a growing number of women are expected to face difficulties in conceiving naturally.
In this scenario, an increasing number of women are forced to opt for IVF treatments; this is expected to drive the growth of the IVF market in the coming years.
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