The global IVF devices & consumables market revenue was US$ 2,221.8 million in 2021. The global IVF devices & consumables market revenue is forecast to reach US$ 10,138.80 million by 2030, growing at a compound annual growth rate (CAGR) during the forecast period from 2022-2030.

IVF (In vitro fertilization) aims to help improve fertility, prevent genetic disorders, and assist with the conception of a child. During IVF, mature eggs are collected (retrieved) from the ovaries and fertilized by sperm in a laboratory. An embryo (egg) then get transferred to the uterus. IVF cycles last three to four weeks. Sometimes these steps are split up, which makes the process longer. IVF is the most successful form of assisted reproduction. Devices & consumables associated with IVF include instruments, accessories, disposables, reagents, and media.

Factors Influencing Market Growth

• The global IVF devices & consumables market is growing due to the significant rise in infertility rates, the trend of delayed pregnancies, awareness of IVF, and technological advances in IVF devices.
• Increasing same-sex marriages, an increase in gamete donations, an increase in healthcare expenditures worldwide, and an increase in disposable income these factors contribute to the global IVF devices & consumables market's growth.
• The high cost of IVF, ethical concerns, complications associated with the procedure, and lack of awareness among the population may have a negative impact on the global market's growth.

Impact Analysis of COVID-19

The COVID-19 outbreak negatively affected the global market for IVF devices & consumables. The COVID-19 pandemic has put a strain on healthcare systems worldwide. There has been a dramatic rise in COVID-19 cases, which has resulted in nonessential surgical procedures being canceled, including in vitro fertilization. As a result of many COVID-19 cases, there was a delay in fresh or frozen embryo transfers, elective surgery suspensions, and non-urgent diagnostic procedures. A prolonged lockdown on fertility treatment led to a decrease in the demand for IVF devices & consumables.

Regional Insights

Asia Pacific held dominance in the global IVF devices & consumables market in 2021, and the market is forecast to continue its lead during the forecast period. Due to a higher demand for IVF, a higher infertility population, more trained medical professionals, and technological advancements in IVF. Moreover, an increase in disposable income and a surge in IVF adoption contributed to a rise in infertility rates. Thus, these factors are contributing towards the regional market growth. 

Leading Competitors

The leading prominent companies profiled in the global IVF devices & consumables market are:

• Cook Medical Incorporated
• FUJIFILM Holdings Corporation (Irvine Scientific Sales Company, Incorporated)
• Genea Limited (Genea Biomedx)
• Merck KGaA (EMD Serono, Incorporated)
• Progyny Incorporated
• Sysmex Corporation (Oxford Gene Technology)
• Tempest Therapeutics, Incorporated
• The Cooper Companies, Incorporated (CooperSurgical, Incorporated)
• Thermo Fisher Scientific, Incorporated
• Vitrolife AB
• Other Prominent Players

Scope of the Report

The global IVF devices & consumables market segmentation focus on Product, Technology Type, End-User Type, and Region.

Segmentation based on Product

• Instruments
• Sperm Separation Systems
• Cryosystems
• Incubators
• Imaging Systems
• Ovum Aspiration Pumps
• Cabinets
• Micromanipulators
• Others
• Accessories & Disposables
• Reagents & Media
• Cryopreservation Media
• Semen Processing Media
• Ovum Processing Media
• Embryo Culture Media

Segmentation based on Technology Type

• Fresh Embryo IVF
• Frozen Embryo IVF
• Donor Egg IVF

Segmentation based on End-User Type

• Fertility Clinics
• Hospitals
• Surgical Centers
• Clinical Research Institutes

Segmentation based on  Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America