NEW YORK, Oct. 31, 2023 /PRNewswire/ — The In Vitro Fertilization (IVF) Devices Market size is expected to grow by USD 411.62 million, accelerating at a CAGR of 7.67% during the forecast period, according to Technavio market analysis. Companies are implementing various strategies like forming partnerships, mergers, expanding into new areas, and launching new products to improve their market position. The report also offers detailed analyses of the market’s competitive landscape, featuring information on 15 leading companies including ASTEC CO. Ltd., Cook Group Inc., Cryotech, Esco Micro Pte. Ltd., FUJIFILM Corp., Genea Ltd., Gynotec BV, Hamilton Thorne Ltd., KITAZATO Corp., LabIVF Asia Pte Ltd., Merck and Co. Inc., NidaCon International AB, Nikon Corp., Progyny Inc., Rocket Medical Plc, The Cooper Companies Inc., Thermo Fisher Scientific Inc. and Vitrolife AB. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read PDF Sample Report
In Vitro Fertilization (IVF) Devices Market 2024 – 2028: Company Profile:
Cook Group Inc. – The company offers IVF devices such as minic benchtop incubator, bakri postpartum balloon, and guardia embryo transfer catheter.
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In Vitro Fertilization (IVF) Devices Market 2024 – 2028: Segmentation Analysis
The market is segmented by Product (Culture media and reagents, Accessories and disposables, and Instruments), End-user (Fertility clinics, Hospitals, and Research centers), and Geography (North America, Europe, Asia, and Rest of World (ROW)).
The culture media and reagents segment is expected to experience substantial market share growth during the forecast period. These essential substances are integral to nurturing and cultivating embryos outside the human body within IVF laboratories. They create an environment that replicates conditions within the female reproductive tract, facilitating the development and maturation of embryos before they are chosen for transfer into the uterus.
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In Vitro Fertilization (IVF) Devices Market 2024 – 2028: Geographical Analysis
In North America, it is anticipated that the in vitro fertilization (IVF) devices market will make a substantial contribution to the global market’s growth, accounting for approximately 43% during the forecast period. There is a rising trend in infertility cases in North America, driven by factors such as delayed childbearing, lifestyle changes, and medical conditions. Consequently, there is a growing demand for fertility treatments, particularly IVF. North America is known for its well-developed healthcare infrastructure and high-quality medical care, which includes access to advanced IVF technologies and treatments. Additionally, with the aging population in North America, more individuals and couples are turning to fertility treatments to address age-related fertility challenges, further fueling the demand for IVF services and devices.
In Vitro Fertilization (IVF) Devices Market 2024 – 2028: Driver & Trend:
Driver
- Rising prevalence of late parenthood driving market growth
- Increased age of parenthood a major factor in infertility issues
- Global median age for first childbearing significantly increased
- Factors include increased contraceptive use, focus on education and careers, and urbanization
- High-quality reproductive care and affordable treatment in medical tourism destinations attract individuals seeking fertility care.
- Less-restrictive legal conditions and liberal social, ethical, and religious views also contribute.
- Late parenthood’s rising prevalence continues to drive market growth.
Trend – Rapid technological advancements in IVF procedures are an emerging trend shaping market growth.
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Related Reports:
In Vitro Fertilization (IVF) Disposables Market: The in vitro fertilization (IVF) disposables market size is estimated to grow by USD 248.53 million at a CAGR of 7.66% between 2022 and 2027.
Fertility Services Market: The fertility services market is estimated to grow at a CAGR of 7.68% between 2022 and 2027. The size of the market is forecast to increase by USD 8.3 billion.
TOC:
- Executive Summary
- Market Landscape
- Market Sizing
- Historic Market Sizes
- Five Forces Analysis
- Market Segmentation by Product
- Market Segmentation by End-Users
- Market Segmentation by Geography
- Customer Landscape
- Geographic Landscape
- Drivers, Challenges, & Trends
- Company Landscape
- Company Analysis
- Appendix
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