New York, United States, April 10, 2024 (GLOBE NEWSWIRE) -- The Global In-vitro Fertilization Microscope Market Size is to Grow from USD 126.14 Million in 2023 to USD 293.19 Million by 2033, at a Compound Annual Growth Rate (CAGR) of 8.80% during the projected period.
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In-vitro fertilization microscopes are used for a variety of operations, including oocyte preparation, embryo examination, and semen analysis. The market for in-vitro fertilization microscopes is expected to grow because of the increasing success rate of these treatments and the availability of financial aid. The product's development is expected to improve treatment efficiency and reduce procedure costs. The in-vitro fertilization microscope is developed for procedures that involve microscopy. The advanced microscope enables accurate observation and manipulation of gametes and embryos in controlled laboratory settings, such as egg and sperm quality testing, injection, embryo biopsy, and transfer. The in-vitro fertilization market is expanding due to advancements in reproductive medicine, rising healthcare costs, and delayed parenting trends. The market is driven by increased infertility rates, improved treatment efficiency, and advancements in microscopes. Factors such as success rates, financial accessibility, and awareness about infertility are expected to drive growth. The high cost of in-vitro microscopes in IVF procedures, along with other crucial equipment like centrifuges, incubators, and aspiration pumps, is expected to hinder market growth during the forecast period. Hence, these factors may impede the market growth of the global in-vitro fertilization microscope market during the forecast period.
Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the "Global In-vitro Fertilization Microscope Market Size, Share, and COVID-19 Impact Analysis, By Type (Upright Microscopes, Inverted Microscopes, Stereo Microscopes, Embryo Microscope), By End-users (Clinical, Academic Research), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The embryo microscope segment is anticipated to hold the greatest share of the global in-vitro fertilization microscope market during the projected timeframe.
On the basis of type, the global in-vitro fertilization microscope market is divided into upright microscopes, inverted microscopes, stereo microscopes, and embryo microscopes. Among these, the embryo microscope segment is anticipated to hold the greatest share of the global in-vitro fertilization microscope market during the projected timeframe. The growth can be attributed to the It includes a camera and a computer system that take pictures of embryos growing in an incubator during in vitro fertilization cycles. An embryo microscope is a new tool designed for in vitro fertilization laboratories, displaying images captured by a camera as embryos develop in their culture dish.
The clinical segment is predicted to hold the greatest share of the global in-vitro fertilization microscope market during the estimated period.
On the basis of end-users, the global in-vitro fertilization microscope market is divided into clinical, and academic research. Among these, the clinical segment is predicted to hold the greatest share of the global in-vitro fertilization microscope market during the estimated period. The segmental growth can be attributed to the rising awareness of in vitro fertilization treatment and increasing private investor investments in fertile clinics.
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Europe is expected to hold the largest share of the global in-vitro fertilization microscope market over the forecast period.
Europe is expected to hold the largest share of the global in-vitro fertilization microscope market over the forecast period. Favorable legislative improvements and innovative technologies are key factors propelling the region's growth. The widespread use of time-lapse technology with clinic-designed algorithms, as well as the development of microscopes that provide all imaging needs in a single embryo chamber, have helped to reduce the procedure's cost and space requirements. Recent changes in legislation, such as broadening IVF access to the LGBTQ+ community, have had a favorable impact on the market. To fuel the growth of the IVF microscope market over the forecast period, the region is employing a variety of strategies, including new releases and research activities.
Asia-Pacific is predicted to grow at the fastest pace in the global in-vitro fertilization microscope market during the projected timeframe. The region's growth can be attributed to the increasing number of fertility clinics, as well as their anticipated growth, which will increase demand for in vitro fertilization microscopes in this region. Changing lifestyles, rising stress levels, and delayed pregnancies are all contributing to an increase in infertility, which is driving demand for IVF therapy and related technologies.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global in-vitro fertilization microscope market include Leica Microsystems, Olympus Corporation, Labomed Europe B.V., ZEISS International, Tritech Research, Inc., Euromex Microscope B.V., Linkam Scientific Instruments, Eppendorf AG., Meiji Techno., Research Instruments Ltd., NARISHIGE Group., Sutter Instrument Company, hamilton thorne, inc., Nikon Corporation, Thermo Fisher Scientific Inc., and Others.
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Recent Developments
- In December 2022, Hamilton Thorne Ltd. acquired Microptic, S.L, a leading developer of computer-assisted semen analysis (CASA) software, consumables, and image analysis systems that incorporate AI. This acquisition solidified Hamilton Thorne's position in the CASA market for IVF clinics.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global in-vitro fertilization microscope market based on the below-mentioned segments:
Global In-vitro Fertilization Microscope Market, By Type
- Upright Microscopes
- Inverted Microscopes
- Stereo Microscopes
- Embryo Microscope
Global In-vitro Fertilization Microscope Market, By End-users
- Clinical
- Academic Research
Global In-vitro Fertilization Microscope Market, Regional Analysis
- North America
- US
- Canadas
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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