Registering a CAGR of 9.3% over the forecast period of 2022-2027, the global In Vitro Fertilization Test market is anticipated to reach the market value of US$ 990 million in the year 2027 from US$ 640 million in the year 2021.
In Vitro Fertilization Test Market Overview
In vitro fertilization is an assisted reproductive technology (ART), which includes retrieving eggs from a woman’s ovaries and fertilizing them with sperm in vitro. The process involves stimulating a woman's ovulatory, removing an ovum from the woman's ovaries, and letting sperm fertilize them in a liquid in a laboratory. IVF is one of the broadly used treatments to assist couples with infertility issues, which is a key factor that drives the growth of the IVF services market globally.
Fertility trends have shifted substantially during the last few decades around the world. The world's fertility rate has dropped to new lows. The global fertility rate has decreased from 3.2 live births per woman in 1990 to 2.5 in 2019, according to a United Nations (UN) report. With 1.7 children per woman, Europe has the lowest fertility rate. By 2030, the world fertility rate is predicted to drop to 2.4 children per woman, and by 2050, it will be 2.2 children per woman.
The report aspects discussed the profile of the top manufacturers of the global In Vitro Fertilization Test market. These aspects include the financial status of major companies, trending advancements and the entire market scenario. Growth of the report has examined In Vitro Fertilization Test Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
Industry News:
- Hamilton Thorne Announces FDA Clearance for First Media Product in the US and European CE Marks Issued for Specialty Media
September 10, 2019 – Hamilton Thorne Ltd. (TSX-V:HTL), a leading worldwide provider of precision instruments, consumables, software and services to the Assisted Reproductive Technologies (ART) and developmental biology research markets, today announced that the US Food and Drug Administration (FDA) has issued a 510(k) clearance to market its first Gynemed branded media product in the US.
What are the major Applications, Types and Regions for In Vitro Fertilization Test Market?
By Type, it is segmented into
- Embryo Biopsy
- Preimplantation Genetic Testing for Aneuploidy
- KIR-HLAC Genotyping
- Others
By Application, it is segmented into
- Hospital
- IVF Research Center
- Others
Market Segment Analysis
- The preimplantation genetic testing (PGD) segment is expected to dominate the global in vitro fertilization test market from 2022 to 2027. The usage of PGD for chromosomal aberrations, aneuploidy screening, gender selection, single gene disorder, HLA typing, and X-linked diseases has been increasing rapidly due to benefits associated with better pregnancy rate and birth of a healthy child.
- The fertility hospital segment is likely to account for a significant share of the global in vitro fertilization test market by 2027. Rise in fertility tourism and insurance coverage and government initiatives in registration of fertility clinics to provide safe and high quality IVF treatments are likely to fuel the growth of the fertility hospital segment.
In Vitro Fertilization Test Market Regional Analysis
From 2022 to 2027, the Asia Pacific market is expected to grow at a rapid rate. The market in Asia Pacific is being driven by an increase in patient awareness about fertility treatments, an increase in infertility concerns as a result of changing lifestyles, a high level of stress, and delayed pregnancy.
The heightened awareness of reproductive concerns in North America drives the use of at-home fertility test kits. Fertility tests are in more demand in the region as the prevalence of reproductive health-related illnesses rises. Also contributing to the need for fertility test kits in the region is the growing population of women in their advanced maternal age group due to late marriages.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The In Vitro Fertilization Test Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global In-Vitro Fertilization Test Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our In Vitro Fertilization Test Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 9.3% over the forecast period (2022-2027)
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By Type
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- Embryo Biopsy
- Preimplantation Genetic Testing for Aneuploidy
- KIR-HLAC Genotyping
- Others
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By Application
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- Hospital
- IVF Research Center
- Others
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By Companies
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CooperSurgical, Inc., Vitrolife AB, Igenomix, Natera, iGLS, CiceroDx, Hamilton Thorne, Esco Micro Pte Ltd., Texas Fertility Center
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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87
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this In Vitro Fertilization Test Report
- Evaluate In Vitro Fertilization Test market potential by analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and by different industries verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
- Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive into the value augmentation at each, to optimize value and bring efficiencies to your processes.
- Get a quick outlook on the In Vitro Fertilization Test market entropy - M&As, deals, partnerships, and product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of In Vitro Fertilization Test Market?
The In Vitro Fertilization Test Market is growing at a CAGR of 9.3% over the next 5 years.
Who are the key players in In Vitro Fertilization Test Market?
CooperSurgical, Inc., Vitrolife AB, Igenomix, Natera, iGLS, CiceroDx, Hamilton Thorne, Esco Micro Pte Ltd., Texas Fertility Center
What are the significant types of In Vitro Fertilization Test Market?
Embryo Biopsy, Preimplantation Genetic Testing for Aneuploidy, KIR-HLAC Genotyping, Others
What are the major end-use applications of In Vitro Fertilization Test Market?
Hospital, IVF Research Center, Others
How can I get a sample report/company profiles for the In Vitro Fertilization Test Market?
The sample report for In Vitro Fertilization Test Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
