The In vitro fertilization market is projected to reach USD 1,650 million by 2029 from USD 949 million in 2024, growing at a CAGR of 11.7% during the forecast period. Growth in the In vitro fertilization market is mainly due to an increase in demand for IVF consumables, media, incubators and imaging system. In vitro fertilization market has been in demand due to the the growing prevalence of infertility which resulted in a higher need for fertility treatments such as IVF and the upward trend in the median age of women.
The challenges facing IVF are diverse and impact its widespread use and effectiveness. Financial limitations are considerable; many couples find IVF unaffordable due to the high expenses involved, especially when multiple cycles are required. The actual procedure, which includes hormone treatments, invasive techniques like egg retrieval, and the anxiety of unknown results, can be physically and psychologically exhausting.
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The In vitro fertilization market is characterized by a low to moderate level of competition, with some well-known players holding a significant market share. The market is moderately competitive due to the rise in advance IVF solutions brought about by higher R&D expenses and the increased funding for IVF procedures.brought by higher R&D expenditures. Here are some of the key players in the In vitro fertilization market: CooperSurgical inc.(US) Cook group(US) ,Vitrolife(Sweden), Fujifilm irvine scientific(Japan),Hamilton thorne ltd.(US) ,Esco micro pte. Ltd.(Singapore) ,Genea biomedx(Australia), Thermo fisher scientific(US), Nikon corporation(Japan), Olympus(Japan), Kitazato corporation(Japan), Corning incorporated(US) , Carl Zeiss AG (Germany), Fertipro nv(Belgium), Eppendorf(Germany) and others are of the prominent companies in the In vitro fertilization market.
CooperSurgical Inc. (US): With their diversified products and services, Cooper Surgical stands today among the top IVF brands to provide everything a reproductive health professional could ever want. That just means patients undergoing fertility treatments are bound to reap good results. It offers a quite diversified portfolio of state-of-the-art equipment and technologies applied in all phases of in vitro fertilization, from culturing the embryo down to retrieving eggs and inducing exullation. Their portfolio includes a wide array of innovative lab equipment, specialized needles, catheters, customized media solutions for the best possible development of the embryo, and extensive genetic testing
Vitrolife (Sweden): Vitrolife manufactures consumables, media, time-lapse incubators, image systems, needles, and genomic kits. Their technologies are part of the important assisted reproductive technologies in the aspects of embryology research and in vitro fertilization. Hamilton Thorne believes that reproductive health can be enhanced through innovative solutions that empower medical professionals worldwide. The company places great emphasis on innovation on product line features such as sperm analysis instrumentation, imaging systems designed for infertility clinics, research laboratories, and laser systems for the micromanipulation of embryos. Related to the outcomes of fertility treatments, steps such as this will continue to benefit the quality of embryo selection and the fertilization rate.
Cook Medical Inc.(US): Cook Group is the parent company of Cook Medical. Cook Medical is at the forefront of IVF for the advancement of care in reproductive health. Now, with leading-edge media solution products for growing the embrys and comprehensive genetic testing services for increasing treatment success rates, it will add to Cook Medical's product portfolio. It provides a comprehensive portfolio of highly specialized tools and technologies developed to help manage any aspect of the IVF process, including retrieval kits for eggs, sperm preparation media, and embryo culture and transfer media. This also includes extremely specialized catheters and supplies for special surgical requirements.
Hamilton Thorne (US): Hamilton Thorne is a leading company leading companies in developing sophisticated laser systems, scientific instruments, and software adapted to the fertility and general reproductive biology sectors. Their innovations are at the forefront of assisted reproductive technology, such as IVF and research into embryology. Through a strong commitment to innovation and quality, Hamilton Thome provides innovative solutions that keep pushing reproductive healthcare forward. It empowers healthcare professionals across the world with great results in reproductive medicine and biology. Laser systems & OOsight imaging for the precise manipulation of embryos, equipment for sperm analysis, and specialized imaging systems are but a for few among the wide range of products from Hamilton Thorne, all created for fertility clinics and research
Thermo Fisher Scientific(US): Thermo Fisher Scientific is a comprehensive solution provider in the IVF segment by offering consumables and instrumentation support to fertility clinics and reproductive health laboratories worldwide. In consumables, it ranges from petri dishes used in embryo culture media for optimizing embryo development and cryopreservation to a whole range of laboratory equipment, including CO2 incubators. It further supports quality control products, training programs, and technical support for IVF laboratories in the pursuit of workflow efficiency and compliance with the regulatory standards that bear on better outcomes in fertility treatment.
Related Reports:
In Vitro Fertilization Market by Product (Equipment, Reagent, Accessories), Equipment (Imaging, Incubator, Microscope, Micromanipulator), Procedure (Conventional, ICSI, donor), Cycle (Fresh, Frozen), End-user (Hospital, Clinic) - Global Forecast to 2029
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