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IVF Services Market Overview
IVF Services Market size is estimated to reach $25,563 million by 2026, growing at a CAGR of 9.3% over 2021-2026. IVF refers to as In vitro fertilization which is a type of assisted reproductive technology and are widely used technology in which the ovum is fertilized artificially in laboratory settings and then inserted into the uterus. The intrauterine injection of human chorionic gonadotropin helps to improve LBR, OPR, CPR, and IR after IVF cycles.
IVF is a process of fertilization that includes eggs extraction and sperm cell sample retrieval to form an embryo. IVF is assisted reproductive technology (ART) which works by removing eggs from a woman's body. Thawed IVF cycles are created in order to transfer to a uterus with the help of frozen embryo transfer (FET). Increasing number of infertility rate among women and growing technological advancement is the major factor driving the growth of this market.
Furthermore, increasing research and development activities in medical industry and increasing number of gestational carriers is set to further enhance the overall market demand for IVF Services Market for the period 2021-2026.
IVF Services Market Report Coverage
The report: “IVF Services Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the IVF Services Market.
By Cycle Type: Fresh IVF Cycle, Donor-Egg IVF Cycle, and Thawed IVF Cycle
By Procedure: Intracytoplasmic Sperm Injection (ICSI-IVF), Non ICSI-IVF, and Intrauterine Insemination
By End-Use Industry: Hospitals, Fertility Clinics, and Others
By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa)
Key Takeaways
- Geographically, in 2020, North America dominated the IVF Services Market owing to increasing prevalence of risk factors such as obesity, stress, polycystic ovarian syndrome (PCOS), sexually transmitted infections, high healthcare expenditure and increasing favourable reimbursement policies.
- Increasing number of infertility rate among women and growing technological advancement are likely to aid in the market growth of the IVF Services.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the IVF Services Market report.
- Less awareness towards IVF technology is set to create hurdles for the IVF Services Market.
IVF Services Market Size, By End-Use Industry 2020-2026 (USD Million)
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IVF Services Segment Analysis – By Cycle Type
The global IVF Services Market based on Cycle Type can be further segmented into Fresh IVF Cycle, Donor-Egg IVF Cycle, and Thawed IVF Cycle. The Fresh IVF Cycle segment is the major segment generating revenue in 2020. This is mainly owing to less expensive treatment and also provide successful pregnancy. Moreover, Fresh IVF Cycle does not require intensive hormone injection treatment that increases the growth of this market.
The Donor-Egg IVF Cycle segment is estimated to register the fastest CAGR of 2.5% for the period 2021-2026. This is mainly owing to it provides more successful rate without using their own egg that increasing the growth of this segment.
IVF Services Segment Analysis – By End-Use Industry
The global IVF Services Market based on End-Use Industry can be further segmented into Hospitals, Fertility Clinics, and Others. The Hospital segment registers for the highest IVF Services market share in 2020. This is owing to easy accessibility of hospital and higher selling capacity. Moreover, owing to availability of IVF technology patients can prefer hospitals and government is taking initiatives to increase the availability of this technology in hospitals that increases the growth of this market.
The Fertility Clinics segment is estimated to register the fastest CAGR of 2.15% over 2021-2026. This is mainly owing to rising research and development and increasing availability of IVF technology that needs human chorionic gonadotropin and are increasing the growth of this market.
IVF Services Segment Analysis – By Geography
North America dominated the IVF Services Market with major share of 40% in 2020. This is owing to increasing prevalence of risk factors such as obesity, stress, polycystic ovarian syndrome (PCOS), sexually transmitted infections, high healthcare expenditure and increasing favorable reimbursement policies. According to Centers for Disease Control and Prevention, in 2018 obesity rate increases by 42% that increases the risk factors in U.S. and are increasing the demand of IVF Services Market.
However, Asia Pacific is estimated to outpace all the regions by clocking the highest CAGR of 4.65% during the forecast period 2021-2026 owing to rising population and increasing development in healthcare.
IVF Services Market Drivers
Increasing Number of Infertility Rate
Increasing number of infertility rate among women owing to increase in stress levels, changes in lifestyle, and incidence of fertility-related diseases are increasing the growth of the IVF Services Vaccines Market. Moreover, infertility rate reduces the process of fertilization that needs sperm cells are increasing the growth of the IVF Services Market over 2021-2026.
Growing Technological Advancement
Technological advancements in the field of IVF technology, improvement in the research of fertilization, and rise in private & public healthcare investments increases the growth of this Market. Moreover, the increasing adoption of assisted reproductive technology (ART) and Thawed IVF Cycles helps to increase the successful rate and are increasing the growth of IVF Services Market over 2021-2026.
Covid-19 Impact:
COVID-19 pandemic had greatly affected the IVF Services Market. During pandemic, governments had imposed strict lockdown regulations and also patients and physicians postponed or canceled all embryo transfers and are negatively impacted the growth of this market.
IVF Services Market Challenges
Less Awareness Towards IVF Technology
The factors that is set to impede the growth of the IVF Services Market are the less awareness towards IVF technology among people. Moreover, high cost associated with IVF treatment is set to create hurdles for the IVF Services Market.
IVF Services Market Landscape
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the IVF Services Market. IVF Services top 10 companies include, Sun Pharmaceuticals Industries Ltd., Lab IVF Asia Pte. Ltd., LG Life Sciences, Merck, Bourn Hall Clinic, Morpheus Life Sciences Pvt. Ltd., Southend Fertility and IVF Centre, Nova IVI Fertility, Bloom Fertility Center, Manipalankur Andrology and Reproductive Medicine, and Cloudnine Hospitals.
Development
In July 2019, Merck launches QBOX IVF that provides successful treatment and support healthcare professionals and are rising the growth of this market.
Relevant Reports:
For more Lifesciences and Healthcare Market reports, please click here
1. IVF Services Market Overview
1.1 Definitions and Scope
2. IVF Services Market Executive Summary
2.1 Market Size and Key Trends
2.2 Key trends by Cycle Type
2.3 Key trends by Procedure
2.4 Key trends by End-Use Industry
2.5 Key trends by Geography
3. IVF Services Market Landscape
3.1 Market Share Analysis- Key Companies
3.2 Product Benchmarking- Key Companies
3.3 Financial Analysis - Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. IVF Services Market- Startup companies Scenario Premium Premium
4.1 Key startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Application Analysis
4.1.4 Venture Capital and Funding Scenario
5. IVF Services Market- Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of successful ventures
6. IVF Services Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Customers
6.3.3 Threat of New Entrants
6.3.4 Rivalry Among Existing Players
6.3.5 Threat of Substitutes
7. IVF Services Market Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. IVF Services Market– By Cycle Type (Market Size -$Million/$Billion)
8.1 Fresh IVF Cycle
8.2 Donor-Egg IVF Cycle
8.3 Thawed IVF Cycle
9. IVF Services Market– By Procedure (Market Size -$Million/$Billion)
9.1 Intracytoplasmic Sperm injection (ICSI-IVF)
9.2 Non ICSI-IVF
9.3 Intrauterine Insemination
10. IVF Services Market– By End-Use Industry (Market Size -$Million/$Billion)
10.1 Hospitals
10.2 Fertility Clinics
10.3 Others
11. IVF Services Market- By Geography (Market Size -$Million/$Billion)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 U.K.
11.2.2 Germany
11.2.3 Italy
11.2.4 France
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 Australia
11.3.3 Japan
11.3.4 South Korea
11.3.5 India
11.3.6 Rest of Asia-Pacific
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Others
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Africa
12. IVF Services Market Entropy
13. IVF Services Market- Industry / Segment Competition landscape Premium Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Key companies
13.1.2 Market Share by Region- Key companies
13.1.3 Market Share at Global Level- Key companies
13.1.4 Best Practices for Companies
14. IVF Services Market- Key Company List by Country Premium Premium
15. IVF Services Market Company Analysis
15.1 Company Revenue, Products, M&A, Developments
15.2 Company 1
15.3 Company 2
15.4 Company 3
15.5 Company 4
15.6 Company 5
15.7 Company 6
15.8 Company 7
15.9 Company 8
15.10 Company 9
15.11 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
LIST OF FIGURES
1.US IVF Services Market Revenue, 2019-2024 ($M)2.Canada IVF Services Market Revenue, 2019-2024 ($M)
3.Mexico IVF Services Market Revenue, 2019-2024 ($M)
4.Brazil IVF Services Market Revenue, 2019-2024 ($M)
5.Argentina IVF Services Market Revenue, 2019-2024 ($M)
6.Peru IVF Services Market Revenue, 2019-2024 ($M)
7.Colombia IVF Services Market Revenue, 2019-2024 ($M)
8.Chile IVF Services Market Revenue, 2019-2024 ($M)
9.Rest of South America IVF Services Market Revenue, 2019-2024 ($M)
10.UK IVF Services Market Revenue, 2019-2024 ($M)
11.Germany IVF Services Market Revenue, 2019-2024 ($M)
12.France IVF Services Market Revenue, 2019-2024 ($M)
13.Italy IVF Services Market Revenue, 2019-2024 ($M)
14.Spain IVF Services Market Revenue, 2019-2024 ($M)
15.Rest of Europe IVF Services Market Revenue, 2019-2024 ($M)
16.China IVF Services Market Revenue, 2019-2024 ($M)
17.India IVF Services Market Revenue, 2019-2024 ($M)
18.Japan IVF Services Market Revenue, 2019-2024 ($M)
19.South Korea IVF Services Market Revenue, 2019-2024 ($M)
20.South Africa IVF Services Market Revenue, 2019-2024 ($M)
21.North America IVF Services By Application
22.South America IVF Services By Application
23.Europe IVF Services By Application
24.APAC IVF Services By Application
25.MENA IVF Services By Application