Dublin, May 02, 2024 (GLOBE NEWSWIRE) -- The "Global IVF Devices and Consumables Market Report by Product, Technology, End User, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global market for in vitro fertilization (IVF) devices and consumables has experienced significant growth, with the market size reaching US$ 2.7 billion in the year 2023. Prospects remain bullish, as projections indicate a robust growth trajectory, with an anticipated market value of US$ 8.1 billion by 2032, and a compound annual growth rate (CAGR) of 12.98% during the forecast period of 2023-2032. This surge is attributed to a combination of factors including technological advancements, rising awareness, and increased incidence of fertility-related issues.
The field of assisted reproductive technology is undergoing substantial advancements, with key industry players investing in research and development to enhance efficiency and success rates of IVF treatments. Furthermore, the incorporation of artificial intelligence (AI) within the sector is expected to revolutionize embryo selection processes, thereby contributing significantly to market growth.
Driving the market is the heightened awareness regarding the efficacy of IVF devices and consumables in aiding successful pregnancies. A global increase in delayed pregnancies further amplifies the market’s expansion. Additionally, seminal improvements in healthcare infrastructure globally, coupled with government investments, are expected to have a positive impact on market growth. Another contributing factor is the rising trend of gamete donations that has been creating lucrative opportunities within the IVF industry.
Market Segmentation
The report segments the market by product, technology, and end user, providing insights into each sub-segment with a region-specific analysis. The segmentation reflects the diverse application and adoption rates across different geographies and healthcare settings.
Regional Insights
The report includes a detailed geographical analysis, with North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa as the major regions of focus. This geographic segmentation underscores the market's penetration and growth potential across different territories.
Competitive Landscape
The IVF devices and consumables market report also sheds light on the competitive landscape, drawing attention to the strategic efforts of pivotal industry entities. Innovations, expansions, and collaborations among these key stakeholders are set to further propel the market forward.
Companies Featured
- CooperSurgical Inc. (The Cooper Companies Inc)
- Esco Medical
- FUJIFILM Irvine Scientific (FUJIFILM Holdings Corporation)
- Genea Biomedx
- Hamilton Thorne Ltd.
- INVO Bioscience
- Memmert GmbH + Co. KG
- Merck KGaA
- Nidacon International AB
- Rocket Medical PLC
- Thermo Fisher Scientific
- Vitrolife
Key Attributes
| Report Attribute | Details |
| No. of Pages | 137 |
| Forecast Period | 2023-2032 |
| Estimated Market Value (USD) in 2023 | $2.7 Billion |
| Forecasted Market Value (USD) by 2032 | $8.1 Billion |
| Compound Annual Growth Rate | 12.9% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/8hhy5o
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