In Vitro Fertilization Market: Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2022-2032


The global in vitro fertilization (IVF) market size is projected to grow at a healthy CAGR of 9.0% during the forecast period between 2022 and 2032, reaching around US$1.6 Bn by 2032. Rising demand for in vitro fertilization procedures is driven by declining total fertility rate and increasing awareness among people regarding the higher success rate of IVF.

over the years, in vitro fertilization (IVF) has become one of the most opted forms of assisted reproductive technology for infertility treatment and gestational surrogacy. During IVF process an egg is combined with sperm in vitro. People who are unable to conceive naturally can use this technique to produce children.

Rise in cases of infertility worldwide is providing a major impetus to the in vitro fertilization market growth. According to the World Health Organization (WHO), around 48 million couples and 186 million individuals live with infertility globally. This will continue to generate demand for in in vitro fertilization during the forecast period.

Similarly, rapid surge in the number of IVF clinics and hospitals worldwide will increase access to fertility treatmentsthereby creating growth prospects within the global in vitro fertilization market.

Currently, the in vitro fertilization market holds a major share of the global infertility treatment market and this will further improve amid rising awareness among people about the benefits of in vitro fertilization.

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2015-2021 Market Demand Outlook for In Vitro Fertilization Compared to 2022-2032 Forecast

The global demand for in vitro fertilization is slated to rise at a robust CAGR of 9% during the forecast period from 2022 to 2032. Growth in the market is driven by declining total fertility raterise in the number of IVF clinics, high success rate of in vitro fertilizationbooming fertility tourismincreasing penetration of assisted reproductive technology (ART) across developing regions, and rising government initiatives to spread awareness about infertility and its treatments.

In vitro fertilization has become the gold standard for infertility treatment due to it higher success rate. It is being increasingly opted by infertile or childless couples to conceive children. it’s an advanced ART technique in which a donor or non-donor egg is fertilized either with spouse’s semen or donor sperm in a laboratory.

Gradual increase in infertility rate due to delayed marriages, excessive usage of contraceptives etc. coupled with increasing adoption of in vitro fertilization is expected to provide a strong thrust to the in vitro fertilization market during the forecast period.

Changing attitude towards infertility treatments especially across developing regions like India has resulted in the increased adoption of ART techniques like IVF. WHO estimates that over 5 million children are born from assisted reproductive technologies like IVF worldwide and this number is likely to further surge during the forecast period.

therefore, flourishing medical tourism worldwide due to regulation of IVF clinics in some countries and high treatment costs is another factor boosting the fertility market growth. Asia Pacific countries such as India and China are becoming ideal destinations for IVF due the availability of infertility treatments at lower cost. This rise in medical tourism is significantly increasing the fertility industry worth in these regions.

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What Factors are restraining the Growth of IVF market?

Despite positive growth projections, there are certain factors that are challenging the growth of IVF market. some of these factors include high cost of IVF treatments, lack of proper reimbursement policies, and falling success rates of IVF treatment procedures in older patients as they get older.

Country-wise Insights

Why is the US Considered as a Prominent In Vitro Fertilization Market?

“Rising Adoption of Assisted Reproductive Technology Spurring In vitro Fertilization Market Growth in the US”

As per FMI, the US IVF market size is projected to grow exponentially during the forecast period (2022-2032), owing to the availability of leading IVF clinicsdecline in fertility rate, increasing prevalence of polycystic ovary syndrome (PCOS)rising adoption of assisted reproductive technologybooming surrogacy tourism, and rapid growth of cryopreservation for in vitro fertilization (IVF) market.

The rapid increase in infertility rates across the US is emerging as a key factor generating demand for IVF treatment. According to the Centers for Diseases Control and Prevention (CDC), percentage of married women 15-49 years of age who were infertile (with 0 births) reached 19.4% during 2015 and 2019. This has prompted people to opt for assisted reproductive technologies like in vitro fertilization (IVF), gamete intrafallopian transfer (GIFT), zygote intrafallopian transfer (ZIFT), thereby boosting the growth of IVF market in the country. Around 2.1% of all infants born in the United States are conceived by using ART procedures as per CDC, statistics.

Similarly, rapid growth of IVF medical devices industry and advancements in IVF services market will influence the demand for IVF across the US

Which Factors are Driving the Demand for In Vitro Fertilization in India?

“Growing Acceptance of IVF Procedures Augmenting Market Growth in India”

In recent years demand for in vitro fertilization has risen at a substantial pace across India owing to the increasing infertility rates, surge in the number of IVF clinics, changing attitude towards in vitro fertilizations, rise in medical tourism, and growing awareness about IVF and its higher success rate. The India IVF market holds a significant portion of the global in vitro fertilization market share.

According to an article published in the National Health Portal (NHP) India, the World Health Organization has estimated that the overall prevalence of primary infertility in India is between 3.9 to 16.8%. Driven by this increase in infertility rate, childless couples are opting for ART procedures like in in vitro fertilization.

Similarly, various domestic and regional IVF players are expanding their business across India by establishing new IVF clinics, which will further support the fertility market growth iin the country. For instance. In December 2021, Mira IVF, the first international level fertility center was launched in Indore city of India

Additionally, rising penetration of advanced in vitro fertilization monitoring (IVF) systems supported by rapid expansion of donor egg IVF (in-vitro fertilization) market will create immense growth opportunities for IVF companies in the country.

Competitive Landscape

Presence of a large number of regional and domestic players has made the global in vitro fertilization market highly competitive in nature. In order to capitalize, leading in in vitro fertilization (IVF) companies are continuously focusing on expanding their product offerings and services. Besides this, they have adopted various strategies such as mergers, partnerships, collaborations, acquisitions, and launching awareness programs to gain a competitive edge in the global IVF market. for instance,

  • In September 2029, Hamilton Thorne Ltd., a leading worldwide provider of precision instruments, consumables, software, and services to Assisted Reproductive Technologies (ART) and developmental biology research markets, received clearance to market GM501 wash media, its first Gynemed branded media product , in the US
  • In May 2021, Ro, the healthcare technology company, announced the acquisition of Modern Fertility, a high-growth reproductive health company.
  • In September 2019, Fujifilm Irvine Scientific, Inc., launched Vit Kit-NX, a new vitrification solution for IVF.

Scope of Report

FMI’s latest in in vitro fertilization market report offers an in-depth analysis of key market dynamics including revenue growth drivers, restraints, opportunities, consumer demands, and latest in vitro fertilization market trends. It provides a clear picture of leading regional pockets and market segments.

The report provides insightful information about how the global in vitro fertilization market is expected to progress during the forecast period between 2022 and 2032. It makes revelations about growth strategies adopted by key IVF companies to increase their customer base.

FMI also highlights the impact of decreasing fertility rate on the overalls demand for in vitro fertilization and explains how growing awareness about the high success rate of IVF technique will improve the global in vitro fertilization market share during the next years.

the In Vitro Fertilization Market analysis includes:

  • A 10-year realistic IVF sales forecast slicing across multiple verticals
  • Comprehensive information on demand forecasting and sales prospects across 25 countries
  • Discussion on the impact of rising infertility rates on in vitro fertilization market growth
  • Top in vitro fertilization companies and their respective strategies to expand the existing competitive position
  • Insights into growth shaping factors such as drivers, restraints, and opportunities
  • Information about advanced versions of IVF including gamete intrafallopian transfer (GIFT), zygotic intrafallopian transfer (ZIFT), and frozen embryo transfer (FET)
  • Impact of expanding in vitro fertilization banking services market on IVF market size.
  • Key insights into latest in vitro fertilization market trends
  • The winning imperatives in IVF market

Key Segments

By Product:

  • Equipment
  • Reagents and Media
  • Accessories

By Cycle:

  • Fresh non-donor cycle
  • Frozen non-donor IVF cycle
  • Frozen donor IVF cycle
  • Fresh donor IVF cycle

By End User:

  • Fertility Clinics
  • Hospitals & Surgical Centers
  • Cryobank and Research Institutes

By Type:

  • Conventional IVF
  • IVF with ICSI
  • IVF with Donor Eggs

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