IVF Services Market is expected to reach US$ 31,613.76 million by 2027

Fresh IVF Cycles Segment to Drive IVF Services Market during 2020–2027

According to The Insight Partners market research study titled “IVF Services Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Cycle Type and End User,” the market is expected to reach US$ 31,613.76 million by 2027 from US$ 13,496.29 million in 2019. It is estimated to grow at a CAGR of 11.6% from 2020 to 2027. The report highlights the trends prevalent in the market and the factors driving the market along with those that act as deterrents to its growth.

In terms of cycle type, the IVF services market is segmented into mobile devices, mobile applications, and enterprise mobility platforms. The fresh IVF cycles segment held the largest market share in 2019, and the same segment is anticipated to register the highest CAGR in the market during the forecast period. Fresh IVF cycles is a shorter process to conceive pregnancy (if the procedure is successful). This advantage of fresh IVF cycles is likely to have a positive impact on the adoption of the procedures, device, and the service sectors. In addition, owing to the high success rate of the procedure in the first attempt, it can be performed even in complicated cases. Thus, the IVF services market for the fresh IVF cycles segment is likely to witness the fastest growth in the coming years.

The growth of the global IVF services market is driven by the increasing incidence of infertility, rising number of fertility clinics and infertility services with government support, and growing number of products launches and developments. However, the high procedural cost of reproductive techniques and risks associated with infertility treatment hinder the market growth.

A few prominent players operating in IVF Services market are Max Healthcare; Bloom IVF; CCRM Fertility.; OXFORD FERTILITY; Create Health (Create Fertility); Medicover; Aevitas Fertility Clinic; BIOART Fertility Clinic; Prelude Fertility, Inc.; and Gift ov life. The companies have maximized their growth with several inorganic strategies to enhance the market value and maintain position in the market. For instance, in March 2019, Prelude Fertility announced a partnership with Inception Fertility. The partnership made Prelude the largest fertility services provider in the US and added Aspire Fertility clinics to the Prelude Network.

Global IVF Services Market, by Region, 2019 (%)

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IVF Services Market Size, Share and Industry Outlook by 2027

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IVF Services Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Cycle Type (Fresh IVF Cycles, Thawed IVF Cycles, and Donor Egg IVF Cycles); End User (Fertility Clinics, Hospitals, and Surgical Centers and Clinical Research Institutes), and Geography

The report segments the global IVF services market as follows:

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