In vitro fertilization (IVF) is a type of assisted reproductive technology in which the ovum is artificially fertilized in laboratory settings and then implanted into the uterus. IVF is a widely popular treatment, adopted by couples with infertility problems, single mothers, and the LGBT community to procreate.
The world in vitro fertilization devices and consumables market is projected to garner $3,025.2 mllion by 2020, registering a CAGR of 19.7% over the forecast period. The world IVF devices & consumables market is growing significantly owing to rising incidences of infertility, developments in IVF procedures, and growing healthcare expenditures. Furthermore, the rising awareness about infertility and easy availability of IVF treatments, would drive the market growth. Recent technological innovations in the IVF technology, such as embryoscope and capsule IVF, are expected to drive the demand for IVF devices and consumables in future. However, strenuous maintenance issues and inherent high cost associated with the devices limit the growth of the market. The shift in adoption of conventional infertility treatments such as infertility-medication (clomid), to the advanced IVF technologies would boost numerous growth opportunities for the IVF devices market. However, unaffordability of high-end IVF devices is the major challenge faced by local IVF clinics.
The world IVF devices market is segmented into IVF devices, reagent & media, techniques, end users, and geography. The devices considered in this report include sperm separation system, cryosystem, incubator, imaging system, ovum aspiration pump, IVF cabinet, micromanipulator, and IVF-accessories & disposables among others. The capital equipment set up is the fastest growing segment owing to the increasing number of newly established IVF centers. However, disposables and consumables used during IVF procedures are the highest revenue generating segments.
Based on reagents & media, the market is categorized into, cryopreservation media, semen processing media, ovum processing media and embryo culture media. Cryopreservation media is the highest revenue generating segment owing to its large application during frozen IVF cycles. IVF devices and consumables market by techniques is categorized into, fresh embryo IVF, frozen egg IVF and donor egg IVF. Fresh embryo IVF cycles is the largest revenue generating segment, owing to growing number of couples opting for fresh IVF cycles. The world IVF devices market by end-users is segmented into clinics, hospitals, surgical centres and clinical research institutes. Fertility clinic is the highest revenue generating segment, owing to short patient wait time and higher success rate.
The world IVF devices market is analysed on the basis of geographical regions into North America, Europe, Asia-Pacific, and LAMEA. North America and Europe are the leading revenue generating regions, collectively accounted for about 80% of the market share in 2015. However, the Asia-Pacific region would be the fastest growing region, owing to the high demand for economic IVF services and availability of skilled workforce.Product launch is one of the key strategies adopted by prominent players in the IVF devices and consumables market for the launch of micromanipulators systems, ovum aspiration pumps and IVF accessories among others. These technologies are used in both clinical and research fields. Companies profiled in this report include Vitrolife AB, EMD Serono, Inc., Irvine Scientific, CooperSurgical, Inc., Cook Medical, Inc., Thermo Fisher Scientific, Inc., Genea Biomedx, Auxogyn, Inc., Oxford Gene Technology, and OvaScience Inc.
The world IVF devices market is segmented on the basis of instruments, reagents & media, techniques, end users, and geography.
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