The Global In-Vitro Fertilization Market Size accounted for USD 21.6 Billion in 2021 and is estimated to achieve a market size of USD 36.2 Billion by 2030 growing at a CAGR of 6.1% from 2022 to 2030. Growing male infertility, an increase in the median age of first-time mothers, growing obesity, diminishing fertility rates, with growing alcohol intake are driving the global in-vitro fertilization (IVF) market growth. Furthermore, increased awareness of infertility, combined with the accessibility of enhanced therapeutic approaches, is boosting the in-vitro fertilization market value.

In-Vitro Fertilization Market Report Key Highlights

• Global in-vitro fertilization market revenue is expected to increase by USD 36.2 billion by 2030, with a 6.1% CAGR from 2022 to 2030
• Europe region led with more than 37.4% of in-vitro fertilization market share in 2021
• Asia-Pacific in-vitro fertilization market growth will observe strongest CAGR from 2022 to 2030
• By instrument, the culture media segment has accounted market share of over 42% in 2021
• By type, frozen non-donor segment engaged more than 46% of the total market share in 2021
• Rise in the prevalence of infertility, drives the in-vitro fertilization market size

In-Vitro Fertilization (IVF) is a type of assisted reproductive technique in which in laboratory environments the ovum is artificially fertilized and then implanted into the womb. IVF is one of the most common therapies used for infertility problems in pairs, single mothers, and the LGBT community.

Global In-Vitro Fertilization Market Trends

Market Drivers

• Rise in the prevalence of infertility across the globe
• Growing rate of obesity & increased alcohol consumption
• Increasing public awareness of the use of IVF treatments
• Increased infertility rates & embryo banking procedures

Market Restraints

• High cost of IVF treatment
• Inadequate regulatory framework and homogenous regulation

Market Opportunities

• Government programs to encourage IVF treatments
• Product development and technological advancement

In-Vitro Fertilization Market Report Coverage

The global in-vitro fertilization (IVF) market size is driven by an increase in infertility, the increase in the trend of delayed pregnancies, an increase in IVF success, and an increase in available earnings worldwide. However, higher costs, IVF-related complications, and low awareness of IVF in certain less-developed regions limit the growth of the in-vitro fertilization (IVF) market revenue.

Due to a risen infertility rate, a rise in delayed pregnancies, an increase in IVF success rate, and a worldwide rise in disposable revenues, the global IVF market value is expected to grow significantly during this period. In some developing regions, the growth of the IVF service market is hampered by high costs, IVF-related complications, and low IVF awareness. Inverse, the growth of fertility tourism, increased fertility clinics and the potential for growth in emerging markets will make way for the development of the IVF services market in the future.

Most IVF requirements are imported in developing African regions and can only be used once in each cycle. The incidence of infertility in Nigeria is about 25% compared with 1015% in the United States and the UK, according to the University of Benin (Nigeria). IVF procedures helped couples manage these high levels of infertility. The low cost of IVF therapy and the rise in fertility tourism trends in South Africa continue to drive Africa's in vitro market growth. On the other hand, lack of funding, poor income, insufficient awareness of IVF, inadequate coverage of health services, and lack of educated professionals impede growth in developing economies of Africa.

In-Vitro Fertilization Market Segmentation

The global in-vitro fertilization market segmentation is based on instrument, type, end-use, and geography.

In-Vitro Fertilization Market By Instrument

• Culture Media
• Disposable Devices
• Capital Equipment

According to an in-vitro fertilization industry analysis, the culture media instrument segment held the largest market share in 2021. This expansion was attributed to causes such as increased funding availability as well as a rise in research programs to improve culture media. However, as market players provide disposable equipment such as slides, needles, and chambers to fulfill sterility & regulatory standards, the disposable equipment category is predicted to develop at the quickest rate during the projection years.

In-Vitro Fertilization Market By Type

• Frozen Non-donor
• Fresh Non-donor
• Frozen Donor
• Fresh Donor

In terms of type, the frozen non-donor segment is anticipated to dominate the market in 2021. This is due to a variety of causes, including a high success rate, greater birth rates than frozen eggs, simple fertilization, as well as fresh egg retrievals leading to superior results. The increased use of the new non-donor cycle, combined with growing infertility rates around the world, is the main factor in this market. This cycle's rising popularity is likely to maintain its domination throughout the predicted period.

In-Vitro Fertilization Market By End-Use

• Fertility Clinics
• Hospitals & others

According to the in-vitro fertilization market forecast, the hospital segment is predicted to increase significantly in the industry in the coming years. The extensive infiltration of hospitals, expanding digital infrastructure in emerging economies, the availability of health experts around the time, and the introduction of modern surgical technologies and innovations in health facilities are the key factors contributing to the growth of hospital services.

In-Vitro Fertilization Market Regional Outlook