Global in Vitro Fertilization (IVF) Market Analysis

1. GLOBAL IN VITRO FERTILIZATION (IVF) MARKET ANALYSIS

2. INTRODUCTION TO IN VITRO FERTILIZATION (IVF) In Vitro Fertilization (IVF) is a widely utilized Assisted Reproductive Technology (ART) that helps individuals and couples overcome infertility challenges. This intricate procedure combines medications and surgical techniques to enable fertilization and implantation of embryos. The IVF process includes stimulating the ovaries to produce multiple eggs, retrieving these eggs, fertilizing them with sperm in a laboratory, culturing the resulting embryos, and then transferring one or more embryos into the uterus to achieve pregnancy. IVF is recommended for various reasons, including infertility issues, advanced maternal age, genetic concerns, and for same-sex couples or single parents. While IVF can significantly increase the chances of conception, success rates depend on factors such as the woman’s age and the underlying cause of infertility, and multiple cycles may be needed. Key Global Statistics 12 Mn 389K 47.6% $3,000 IVF cycles were performed in the US alone in 2022 Is the highest success rate of IVF observed in women <35 years Babies have been born worldwide through IVF till 2022 Is the average cost of an IVF cycle globally

3. CATEGORIES OF IN VITRO FERTILIZATION (IVF) IVF encompasses the following categories to address different fertility challenges: Traditional IVF Intracytoplasmic Sperm Injection (ICSI) Frozen Embryo Transfer (FET) Minimal Stimulation IVF Standard method of assisted reproductive technology that involves stimulating a woman's ovaries to produce multiple eggs Once the eggs are mature, they are retrieved and fertilized in a laboratory setting using the partner's or donor's sperm This method is ideal for couples facing unexplained infertility or those with blocked fallopian tubes Specialized form of IVF where a single sperm is directly injected into an egg to facilitate fertilization This technique is particularly beneficial for men with low sperm counts or poor sperm motility, as it bypasses many barriers to fertilization Often used in conjunction with traditional IVF, especially when male factor infertility is a concern Involves using embryos that were previously frozen during a prior IVF cycle This method allows for the transfer of viable embryos at a later date, which can be advantageous for the woman's health, as it provides time for her body to recover from the egg retrieval process Has comparable or even higher success rates than fresh embryo transfers Uses lower doses of fertility medications to induce ovulation, aiming to retrieve fewer but higher-quality eggs This method is particularly suited for older women or those who may be sensitive to medications By reducing the amount of medication used, Minimal Stimulation IVF can minimize side effects and costs

4. MARKET SIZE The Global In Vitro Fertilization (IVF) Service Market was valued at $22.5 Bn in 2023 and is predicted to grow at a CAGR of 7.42% from 2023 to 2030, to $37.1 Bn by 2030. Global In Vitro fertilizations (IVF) Service Market Analysis, 2023-2030 ($Bn) CAGR 7.42% 37.1 34.5 32.1 29.9 27.8 25.9 24.1 22.5 2023 2024F 2025F 2026F 2027F 2028F 2029F 2030F

5. MARKET DYNAMICS: DRIVERS AND RESTRAINTS MARKET RESTRAINTS MARKET DRIVERS Around 17.5% of adults worldwide, or about 1 in 6, face infertility challenges, boosting the need for advanced reproductive technologies, such as IVF High procedure costs ranging from $3,000 to $6,000 per cycle presents a significant barrier With the global average IVF success rate at ~40% per cycle using self- eggs, variations due to age and fertility issues can lead to discouragement among patients Ongoing advancements in IVF technologies, including Pre- implantation Genetic Testing (PGT) and embryo freezing, improve success rates and attract more patients Side effects of IVF, including such as stress, birth defects in children, ovarian hyperstimulation syndrome hinder market growth Growing awareness and acceptance of Assisted Reproductive Technologies (ART) among both the public and healthcare professionals promote market growth

6. COMPETITIVE ANALYSIS