Authored By: Sarah
14 Jan 2025

Latest News- Ivf Devices And Consumables Market: Culture media and reagents is expected to lead the Product segment during 2024-2028

The Ivf Devices And Consumables Market is being driven by Rise in the number of infertility cases

The Ivf Devices And Consumables Market is expected to grow at a CAGR of 4.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1014.8 million. The demographic shift towards an older population of first-time mothers is a global trend, driven by various socio-economic factors. This trend, in turn, is leading to an increased prevalence of infertility due to declining fertility rates with age. According to industry experts, this demographic shift is set to fuel the demand for IVF devices and consumables, as the risk of infertility rises with age. Moreover, the incidence of age-related health conditions such as diabetes and hypertension, which can complicate pregnancies, is also on the rise. As women reach their 40s, fecundity begins to decrease significantly, making IVF a viable option for those seeking to start a family. This trend is expected to continue, creating a robust market for IVF devices and consumables. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

  • Product
    • Culture media and reagents
    • Accessories and disposables
    • Instruments
  • Geography
    • North America
    • Europe
    • Asia
    • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

  • Rise in the number of infertility cases
  • Growing demand for and high success rate of IVF procedures
  • Investments and product launches by market vendors

However, the market also witnesses some limitations, which are as follows:

  • High cost of the procedure
  • Ethical challenges
  • Product risk of multiple pregnancies

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Market Scope in Ivf Devices And Consumables Market Research Report

Market Scope

Report Coverage

Details

Page number

145

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.5%

Market growth 2024-2028

USD 1014.8 million

Market structure

Fragmented

YoY growth 2023-2024(%)

4.23

Key countries

US, Germany, India, Spain, and Canada

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

In Vitro Fertilization (IVF) is a healthcare solution that helps couples experiencing fertility issues to conceive. The IVF process involves several surgical procedures, including egg retrieval, embryo transfer, and fertilization through insemination or embryo culture. Medicines are used to stimulate ovulation and prepare the body for these procedures. Embryo transfer is a crucial step in the IVF process, where a fertilized embryo is placed in the uterus to achieve pregnancy. Embryo culture involves growing the embryo in a laboratory before transfer. Fertilization occurs either through insemination or embryo culture. Key players in the IVF devices and consumables market include Cook Medical, BioPharma Dynamics, CCRM Fertility, Indira IVF, World Hospital, and several others. These companies provide a range of products, from IVF media and culture dishes to embryo transfer catheters and genetic testing kits. Genetic problems are a significant concern in IVF, and advanced genetics services are increasingly being offered by IVF clinics. Computer Science and Embryology Authority play a crucial role in the development of new technologies and regulations in the field. According to statistics, the global IVF market is expected to grow at a CAGR of 11.3% from 2021 to 2028. The increasing prevalence of infertility and the rising acceptance of assisted reproductive technologies are major drivers of this growth. Human Fertilisation and Embryology Authority regulations ensure the safety and ethical use of IVF technologies.

Market Research Overview

According to Technavio, the IVF devices and consumables market is a significant segment of the global healthcare equipment industry. This market encompasses companies specializing in the research and development (R&D) of advanced, differentiated, and clinically tested IVF devices and consumables. The global healthcare equipment market, which includes the revenue generated by manufacturers of diagnostic equipment and devices utilized across various therapy areas, serves as the market's parent category. The healthcare equipment sector is segmented into devices, which consist of capital equipment, instruments, implants, accessories, and consumables, all used for disease diagnosis, monitoring, and treatment.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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