IVF Services Market Growth and Forecast by 2027

The IVF services market was valued at US$ 13,496.29 million in 2019 and it is projected to reach US$ 31,613.76 million by 2027; it is expected to grow at a CAGR of 11.6% from 2020 to 2027.

IVF or In Vitro Fertilization is a hyped reproductive technology in which the ova from woman's ovaries and the sperm sample from a male is retrieved and manually diffused externally in a laboratory glass dish. After fertilization, these fertile eggs undergo embryo culture for a few days and transferred to the same or another woman's uterus to establish a successful pregnancy.

The IVF services market is segmented on the basis of cycle type, end user, and geography. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. The report offers insights and in-depth analysis of the IVF services market emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the world. It also includes COVID-19 impact analysis across all the regions. It is estimated that the market is likely to grow at a slower rate during the forecast period owing to the declined IVF services during the COVID-19 pandemic that resulted in strict lockdown for some healthcare services.

Published Report - IVF Services Market: Strategic Insights

Market Insights

Increasing Incidence of Infertility

The fertility rate is steadily declining globally owing to various factors, such as growing trend of late marriages and increasing age-related infertility. Global fertility rates are projected to fall to 2.4 children per woman by 2030 and 2.2 children per woman by 2050. About 12% of women aged 15–44 years in the US faced difficulty in getting pregnant or achieving pregnancy to term, regardless of marital status. Also, about 6.0% of married women aged from 15 to 44 years in the US are incapable of getting pregnant after one year of trying (infertility). According to the National Center for Health Statistics, the US's birth rate in 2018 was estimated as 11.968 births per 1,000 people, a 0.95% decline from 2017. Moreover, chlamydia diseases cause about 4 to 5 million infections annually in the US. If it is not treated on time, it can cause infertility in males and females.

Additionally, according to World Fertility Report 2019, estimates of teenage birth rates are available for 2015–2020 for 201 countries or areas with populations of at least 90,000. Speedy fertility decays were observed in all the major regions. Among the 77 countries and areas, where adolescent fertility declined by more than 50% between 1990–1995 and 2015–2020, 28 were in Europe, 28 in Asia, 8 in Africa (Algeria, Botswana, and others), 7 in the Caribbean (Bahamas, Puerto Rico, Grenada, Aruba, Martinique, Saint Lucia, and the US Virgin Islands), 4 in Oceania (Guam, Kiribati, Micronesia, and New Caledonia), and Canada and the US. Thus, the declining fertility rate leads to a significant increase in demand for in vitro fertilization (IVF) services that determine the fertility window in males and females.

Cycle Type-Based Insights

Based on cycle type, the IVF services market is segmented into fresh IVF cycles, thawed IVF cycles, and donor egg IVF cycles. The fresh IVF cycles segment held the largest share of the market in 2019, and the same segment is anticipated to register the highest CAGR in the market during the forecast period.

IVF Services

Published Report - IVF Services Market Players Density: Understanding Its Impact on Business Dynamics

The Published Report - IVF Services Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

End User-Based Insights

Based on end user, the IVF services market is segmented into hospitals, fertility clinics, and surgical centers and clinical research institutes. The fertility clinics segment held the largest share of the market in 2019; and the same segment is expected to register CAGR in the market during 2020–2027.

Inorganic strategies such as partnerships, and mergers and acquisitions are commonly adopted by companies to meet changing customer demand and maintain their improved services across the world. Market players operating in the IVF services market also adopt organic strategies such as product launch and expansion to expand their footprint and product portfolio worldwide as well as to meet the growing demand.

By Cycle Type

• Fresh IVF Cycles
• Thawed IVF Cycles
• Donor Egg IVF Cycles

By End User

• Fertility Clinics
• Hospitals
• Surgical Centers and Clinical Research Institutes

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Spain
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC
• Middle East & Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA
• South and Central America (SCAM)
  • Brazil
  • Argentina
  • Rest of SCAM

Company Profiles

• Max Healthcare
• Bloom IVF
• CCRM Fertility.
• OXFORD FERTILITY
• Create Health (Create Fertility)
• Medicover
• Aevitas Fertility Clinic
• BIOART Fertility Clinic
• Prelude Fertility, Inc.
• Gift ov life