In-Vitro Fertilization Market Size Analysis by 2026

1. In-Vitro Fertilization Market to Set Phenomenal Growth in Key Regions by 2022

2. In-vitro fertilization (IVF) is a broadly known type of assisted reproductive technology (ART) that includes complex series of techniques that are utilized to help with fertility or prevent genetic problems and help with the conception of a child. The Global In-Vitro Fertilization Market was valued at US$ 1.25 billion in 2021 and is set to witness a healthy growth rate of 8% in the next 5 years. The growth in the median age of first-time mothers, technical developments in IVF devices, flourishing IVF tourism, a growing number of fertility clinics globally, falling fertility rate, rising instances of male infertility among men, and a promising funding situation are some of the key features driving the global in-vitro fertilization market. Covid-19 Influence on the In-Vitro Fertilization Market The update of the outbreak of the Covid-19 virus badly affected the IVF market in terms of the number of treatments and fertility services as IVF clinics needed to close down their businesses to reduce the spread of the virus. The virus also halted IVF tourism in several cost-effective destinations. However, the worldwide IVF market is currently in a recovery phase due to the efforts of IVF clinics to meet the pent-up need that was caused by the cancelled treatments. The Coronavirus pandemic has covered the way for digital adoption in the IVF sector to gain operational efficiency and telehealth adoption to survive and thrive in unprecedented times. To overcome the challenges caused by the virus, IVF clinics have cross-trained their staff and replaced physical patient interactions with digital communication.

3. To continue activities, IVF centres are now strictly following Covid-safety protocols and in-person consultations are fast being replaced with online consultations. IVF clinics are additionally expected to embrace the new-age model of online consultations and video consultations are probably going to be the new standard in the in-vitro fertilization market. • High-tech Progressions in IVF Devices Drives the In-Vitro Fertilization Market • The global IVF market involves a variety of equipment, reagents & media, accessories, and technologies that keep on seeing technological advancements. • For instance, • In May 2022, Cook Medical launched MINC+™ Benchtop Incubator for clinical embryologists and IVF clinics in the US and Canada. The MINC+ is the next generation of the MINC® Mini Incubator, a benchtop incubator that has been a standard component in IVF clinics for more than 20 years. • Explore Premium Report on In-Vitro Fertilization (IVF) Market @ https://meditechinsights.com/in-vitro-fertilization-ivf-market/ • Growing In-Vitro Fertilization (IVF) Tourism Boosts the In-Vitro Fertilization Market • In recent years, there has been an evolving trend towards IVF tourism. It is a sort of medical tourism where patients travel to different states or countries seeking fertility treatments in various forms. India, Spain, Czech Republic, Greece, Turkey, and Denmark have emerged as top IVF destinations. 

4. The key reasons why people travel abroad for IVF treatments are: • Relatively lower cost of treatments in other countries. • Availability of well-equipped IVF clinics with high-class infrastructures and skilled professionals. • The treatments are not legally available in the home country or availability is limited. • Specific countries can provide the desired genealogy, among others. • “IVF tourism is a key component driving the In-Vitro Fertilization Market. The rising prominence of lesser-known destinations such as Grand Cayman Island and Barbados due to favourable regulations, low treatment cost, and availability of PGD (pre-implantation genetic diagnosis) is a pivotal contributing factor propelling it’s the IVF market.” - Director, Leading IVF Equipment Manufacturer, United States • Organic and Inorganic Development Strategies Adopted by Market Players to Establish Their Foothold • The top players operating in the In-Vitro Fertilization Market have adopted both organic and inorganic growth strategies such as new product launches, and partnerships to gather higher market share. • For instance, • In February 2022, CooperSurgical entered into an $875 million deal to purchase Cook Medical's reproductive health portfolio, which includes medical devices for fertility, obstetrics, gynaecology, and in vitro fertilization. • The viewpoint for the in-vitro fertilization market looks encouraging because of the consistent technological advancements in IVF devices, growing government initiatives to promote IVF treatments, the emergence of new low-cost IVF tourism destinations, and the developing utilization of fertility treatment choices by single parents and same-sex couples.

5. Competitive Landscape Analysis of In-Vitro Fertilization Market The global in-vitro fertilization market is marked by the presence of key industry players such The Cooper Companies Inc., Vitrolife, Thermo Fisher Scientific, Esco Medical, IVFtechApS, FUJIFILM Irvine Scientific, Kitazato Corporation, FERTIPRO NV, Gynotec B.V., among others. For More Comprehensive Insights, Contact Us @ https://meditechinsights.com/contact-us/ About Medi-Tech Insights: Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have successfully completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services. Contact Us: RutaHalde Associate, Medi-Tech Insights +32 498 86 80 79 info@meditechinsights.com