IVF Services Market Size, Share and Industry Outlook by 2027

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

Publication Month : Mar 2021

  • Report Code : TIPRE00004431
  • Category : Biotechnology
  • Status : Published
  • No. of Pages : 138
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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.


Lucrative Regions for IVF Services Market

Lucrative Regions for IVF Services Market
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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.

Global IVF Services Market, by Cycle Type – 2019 & 2027

Global IVF Services Market, by Cycle Type – 2019 & 2027
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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.

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IVF Services Market: Strategic Insights

Market Size Value inUS$ 13,496.29 Million in 2019
Market Size Value byUS$ 31,613.76 Million by 2027
Growth rateCAGR of 11.6% from 2020-2027
Forecast Period2020-2027
Base Year2020
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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.
  • Create Health (Create Fertility)
  • Medicover
  • Aevitas Fertility Clinic
  • BIOART Fertility Clinic
  • Prelude Fertility, Inc.
  • Gift ov life
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Cycle Type ; End User , and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions

What is IVF?

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 the fertilization these fertile eggs undergo embryo culture for a few days and transferred to the same or another woman's uterus in order to establish a successful pregnancy.

What are the driving factors for the IVF services market across the globe?

Key factors that are driving growth of the market are 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 hinders the market growth. Moreover, the increasing trend of delayed pregnancy is contributing to the higher adoption of IVF techniques.

What is the cost of an IVF Service?

The cost of IVF service depends upon the IVF cycle performed, which nearly starts from US$ 15,000 or more. The cost may further increase along with the associated procedures such as ultrasounds, blood tests, lab work, and embryo storage among others.

The List of Companies - IVF Services Market

  1. Max Healthcare
  2. Bloom IVF
  3. CCRM Fertility.
  5. Create Health (Create Fertility)
  6. Medicover
  7. Aevitas Fertility Clinic
  8. BIOART Fertility Clinic
  9. Prelude Fertility, Inc.
  10. Gift ov life

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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