Global IVF Service
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the Global IVF Services Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Drivers:
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Market Restrains:
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Market Trends:
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Market Split by Cycle Type |
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Market Split by Gender Type |
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Market Split by Procedure |
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Market Split by Offering |
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Market Split by End User |
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Market Split by Conclusion | |
List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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IVF Service Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
In Vitro Fertilization (IVF) is a complex series of procedures that can lead to a pregnancy. It’s an infertility treatment, a condition in which a woman can't get pregnant after at least a year of trying. It can also be used to prevent passing on genetic problems to a child. IVF is the most effective type of fertility treatment that involves the handling of eggs or embryos and sperm. Altogether, this group of treatments is called assisted reproductive technology.
The IVF services market has witnessed significant growth over the past few years. This reason for the same can be listed as women and men deciding to have children at older ages, improved technology making IVF more accessible, and increased awareness about IVF services.
1 in 5 people in the U.S. are affected by infertility, according to the U.S. Centers for Disease Control and Prevention
(Source:https://www.cdc.gov/reproductive-health/infertility-faq/index.html#:~:text=Yes.,carrying%20a%20pregnancy%20to%20term.)
Infertility is a serious health issue worldwide, affecting almost 8 to 10% of couples globally. Nearly 60-80 million couples suffer from infertility every year globally.
(Source: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6881900/)
Physical issues and lifestyle choices both can affect the ability to conceive. Age, physical health, and lifestyle choices, such as smoking and diet, can contribute to a person’s fertility irrespective of gender. Approximately one in eight couples are affected by infertility in the United States accounting for around 6.7 million people each year. Also, the natural fertility rate is only 20%. One of the main reasons behind this is that fertility begins to decline at about 35 years
(Source: https://www.fertilityanswers.com/13-stats-know-infertility/#:~:text=Approximately%20one%20in%20eight%20couples,year%20who%20have%20trouble%20conceiving.)
The rising number of infertility cases is leading people to consult and opt for IVF services as it is considered the most effective type of fertility treatment.
Delayed childbearing is currently a major challenge in reproductive medicine as increased age has an important impact on successful conception, both in natural and assisted reproduction. Women have increasingly postponed their first childbirth until later in life. This is because of many reasons like higher education, career opportunities, delaying marriage, and growing acceptance of unmarried women having children. As a result, the average age of first-time mothers has risen to 28 years whereas some wait even longer. Birth rates for women in their 30s are at an all-time high; however, studies state that with age, fertility in women declines, and this decline becomes more significant after 35 years of age and gives rise to risks of pregnancy complications.
Couples who struggle with infertility often shift to IVF as an assisted reproductive method. The IVF success rates under 35 are encouraging and offer hope to couples struggling with infertility because of late-age pregnancy. As more couples seek fertility treatments to conceive, this is in turn raising the demand for IVF services.
Fertility treatments are generally very safe; however, all medical procedures carry some chances of certain health problems. Sometimes, IVF can be draining for the body, mind, and finances and also can create complications from the procedure to retrieve eggs. Also, IVF raises the risk of having more than one baby, and becoming pregnant with multiple babies carries higher risks of pregnancy-related high blood pressure and diabetes, early labor and delivery, low birth weight, and birth defects compared to a single baby. In cases where more than one fetus develops, the health risks for both babies and the mother will increase.
The other side effects of IVF can include soreness or bruising from injections, nausea, breast tenderness, bloating, hot flashes, miscarriage, mood swings, fatigue, allergic reactions, ovarian hyperstimulation syndrome (OHSS), mild pelvic and abdominal pain, pelvic infection, multiple births, and emotional stress.
All these factors create a sense of fear in the minds of people to approach the treatment, restricting the growth of the market.
Medical tourism constitutes a rising sector of the tourism industry, as several countries across the world are welcoming thousands of tourists daily who visit them to receive medical services, usually combining them with short-term holidays.
For instance, Australia is among the friendliest countries in the world for fertility treatments; making it the most popular and approachable IVF destination.
(Source: https://fertilityworld.in/blog/top-10-best-ivf-clinics-in-the-world/#:~:text=Australia%20is%20among%20the%20most,Medicare%2C%20a%20private%20health%20fund.)
Many countries in Europe such as Denmark, Norway, Sweden, etc., and global scale such as India, China, and Russia have also increased their income from this type of tourism. Cross-border medical tourism occurs when an individual plans to receive healthcare services in a different country. Infertility and other diseases affecting conception cause a large number of couples to resort to the resolution of such services of assisted reproduction. As per estimation, on average, nearly 20,000 to 25,000 pairs are subjected to IVF treatment abroad every year.
The main reason to opt for such treatments in a different country than the one residing is the prevailing high-cost services compared to destination countries. The destination countries provide the benefit of low-cost and very competitive prices of provided medical services making it affordable for the couples. Furthermore, some specific characteristics of the destination country seem to highly influence patients’ choice for assisted reproduction medical services, like the quality of health services in terms of the use of modern medical technology, the increasing number of private healthcare providers, and modern setting up, the experienced medical and nurse staff, the ability to treat, recover and relax in exceptional circumstances.
Hence, the changing demographics, the worldwide rising and aging population, the changes in family structures, and other economic, social political, religious, and legal factors are continuously contributing to influencing and diversifying the medical tourism market related to assisted reproduction technology (ART) methods. The market is expected to grow significantly by providing additional opportunities of development in the countries that will claim its share in future developed medical tourism.
(Source: https://www.internationaljournalofcaringsciences.org/docs/13_andreou_original_12_2.pdf)
The COVID-19 pandemic lockdowns had a significant emotional impact on patients receiving or undergoing assisted reproductive technology. Infertility has been repeatedly shown to cause a severe psychological impact on affected couples, leading to distress, anxiety, depression, and feelings of inadequacy or inferiority. The IVF treatment services were suspended during lockdowns which left an adverse effect on women undergoing IVF procedures. Thus, the disrupted treatment has impacted the IVF services market growth during the pandemic phase. However, now that the pandemic phase has been passed, and the restrictions have been released, treatment procedures with proper sanitizations and measurements have been started resulting in the recovery of the market.
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To offer high-quality treatment services to meet the expectations of people and attain new heights in providing healthcare services, companies are continuously investing in advancements in technologies, spreading awareness, and strategic activities such as acquisitions, collaborations, and partnerships with high-tech companies to expand as well as excel the healthcare facilities and efficiency in services. They are developing innovative IVF treatment procedures using artificial technologies to stand ahead of the competition and also the use of AI in the treatment can revolutionize the field of fertility care as it can provide personalized, data-driven insights for both medical professionals and patients.
Top Companies Market Share in IVF Service Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Research, the Asia Pacific region dominated the market and accounted for the highest revenue of XX% in 2022 and it is projected that it will grow at a CAGR of XX% in the future. The dominance is attributed to the high prevalence of the middle-aged population, increased public awareness of IVF procedures, rising acceptability of IVF procedures, and their success rates. The other factor propelling the market growth in the Asia Pacific region is technological advancement in the region driving the success rates of fertility treatment procedures. Furthermore, factors like late marriages, late pregnancy incidences, growing infertility rates, and rising disposable incomes are also contributing to the market growth.
The region has been witnessing a continuous rise in the number of incidences of infertility rates, leading couples to opt for assisted reproductive technologies. The rise in the number of women population and a reduction of eggs in the ovaries due to many reasons like late marriage, not wanting to have a child at an early age, health issues, many more, and also a rise in male infertility incidences resulting in low sperm count are various key reason for the rise in the preference and demand for IVF Services in the region. Germany and Poland are the strongest contributors to the market growth.
The current report Scope analyzes IVF Service Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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According to Cognitive Market Research, the North America IVF Services Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
According to Cognitive Market Research, the Europe IVF Services Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031
According to Cognitive Market Research, the Asia Pacific IVF Services Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031
According to Cognitive Market Research, the South America IVF Services Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
The South American IVF services are anticipated to grow significantly as Brazil, being the largest country in the region, has been a major center for medical tourism. Brazil has reported to expand the availability of medication, including fertility treatment. The country is reported to have a total of 150 centers offering infertility treatments and over 20 medical centers in Brazil. The costs of treatments are highly affordable compared to the U.S., and Western Europe, making it a preferable option for people.
According to Cognitive Market Research, the Middle East and Africa IVF Services Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
The rising infertility incidences, rising number of fertility clinics, and government support in providing infertility services, along with a growing number of product launches and developments are some of the main factors propelling the market growth of IVF services in the Middle East and Africa.
People looking for fertility treatment overseas, find Cyprus IVF centres a good option as their therapies offer several benefits with reasonable prices and affordable treatment with success rates, highest in Europe. The laboratories are equipped with the latest and most advanced incubators and equipment driving the demand and growth in the region.
Global IVF Service Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing IVF Service Industry growth. IVF Service market has been segmented with the help of its Cycle Type, Gender Type Procedure, and others. IVF Service market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the cycle segment, the fresh IVF cycle segment is reported to dominate the market. A fresh IVF cycle is when an IVF cycle is completed using eggs and embryos that were never frozen. Once the eggs are retrieved, they are immediately fertilized by semen in the lab and after letting them grow for 5 days into the blastocyst stage, then they are implanted into a woman’s uterus. The success rates of fresh cycles have always been higher. For instance, a 2020 study by the National Library of Medicine analyzed 36,925 IVF cycles and found that fresh eggs have better success rates than frozen eggs. The fresh eggs had a 47.7% live birth rate.
(Source: https://www.apricityfertility.com/uk/blog/fresh-versus-frozen-eggs)
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By Gender, the female infertility segment is reported to dominate the market. Infertility in women is a disease that makes a woman unable to get pregnant. Infertility in women can result from age, hormone conditions, medical conditions, and lifestyles or environmental factors. At least 10% of women and people assigned female at birth suffer from infertility of some kind and the chances of infertility increase with age. Some of the causes that may lead to infertility can include problems with the uterus, problems with your fallopian tubes, problems with ovulation, and problems with egg count and quality. Another main cause can be due to a condition like polycystic ovary syndrome (PCOS) or other conditions like primary ovarian insufficiency (POI), a condition in which an extremely low egg supply makes the ovaries stop functioning before the age of 40.
(Source: https://my.clevelandclinic.org/health/diseases/17774-female-infertility)
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Among all the IVF procedures, the ICSI IVF segment is reported to dominate the market. Intracytoplasmic sperm injection or ICSI is a procedure where a single live sperm is directly injected into the center of a human egg. The technique was developed to help achieve fertilization for couples with severe male factor infertility or couples who have had failure to fertilize in a previous IVF attempt. This procedure overcomes many of the barriers to fertilization and allows couples with little hope of achieving successful pregnancies to obtain fertilized embryos.
Furthermore, the most important indicator of ICSI success appears to be the fertilization rate achieved with the ICSI procedure. The rates in the UCSF (University of California Sa Francisco) IVF laboratory is currently 80% to 85%.
(Source: https://www.ucsfhealth.org/education/faq-intracytoplasmic-sperm-injection)
Senior Research Associate at Cognitive Market Research
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over three years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies.
In her current role, Manjiri handles the market research related to Pharma and healthcare industry. Her passion lies in utilizing innovative approaches to distill complex information into strategic insights that empower organizations to make informed decisions.Manjiri remains an invaluable asset in the dynamic landscape of market research.
With the help of the above study about the IVF Services Market, it can be concluded that the market for IVF Services worldwide is expected to develop significantly soon. From the report, one can understand and infer the market dynamics, segmentations, status and trends, and key players in the market. It provides data regarding various topics such as market dimensions, prevailing trends, competitive landscape, and the outlook for prospective expansion. This allows the reader to understand and access reliable data about the market and industry.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Cycle Type | Fresh Cycle (Non-donor), Thawed IVF Cycle (Non-donor), Donor Egg IVF Cycles |
Gender Type | Male Infertility, Female Infertility, Others |
Procedure | ICSI IVF, Non-ICSI IVF, IUI |
Offering | IVF Drugs, IVF Media and Reagents, IVF and IUI Services |
End User | Fertility Clinics, Hospitals, Surgical Centers, Clinical Research Institutes |
Conclusion | |
List of Competitors | Cloudnine Fertility, CHA Fertility Center, Cloudnine Fertility, TRIO Fertility, Cape Fertility, Servy Massey Fertility Institute, Thomson Medical Pte. Ltd., International Centre for Reproductive Medicine, (ICRM), Maria Fertility Hospital, SAFE Fertility Center, Gynétics NV, Virtus Health |
This chapter will help you gain GLOBAL Market Analysis of IVF Service. Further deep in this chapter, you will be able to review Global IVF Service Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Cycle Type Analysis 2019 -2031, will provide market size split by Cycle Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Cycle Type Analysis 2019 -2031
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Chapter 11 Market Split by Gender Type Analysis 2019 -2031
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Chapter 12 Market Split by Procedure Analysis 2019 -2031
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Chapter 13 Market Split by Offering Analysis 2019 -2031
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Chapter 14 Market Split by End User Analysis 2019 -2031
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Chapter 15 Market Split by Conclusion Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global IVF Service market
Chapter 16 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Fresh Cycle (Non-donor) have a significant impact on IVF Service market? |
What are the key factors affecting the Fresh Cycle (Non-donor) and Thawed IVF Cycle (Non-donor) of IVF Service Market? |
What is the CAGR/Growth Rate of Male Infertility during the forecast period? |
By type, which segment accounted for largest share of the global IVF Service Market? |
Which region is expected to dominate the global IVF Service Market within the forecast period? |
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