In Vitro Fertilization Devices and Consumables Market Growth, Size, Share and Forecast to 2022

According to a new report by Allied Market Research, titled, “World In Vitro Fertilization Devices and Consumables Market - Opportunities and Forecasts, 2014-2020", global sales of IVF devices and consumables is projected to reach $3 billion by 2020. The IVF disposables and reagent segments collectively accounts for more than three fourth of the market revenue, owing to an increasing number of overall IVF cycles. globally. Europe is the highest revenue generating segment and accounts for around two fifth of the world IVF market share.

In Vitro fertilization (IVF) is a type of assisted reproductive technology, adopted by couples, single mothers, and the LGBT community to deal with infertility conditions. Rising global infertility rates, increasing IVF success rates, and growing per capita healthcare expenditures are boosting the growth of the IVF devices & consumables market. Furthermore, delayed pregnancies and recent innovations in the IVF technology, such as embryoscope and capsule IVF would supplement the market growth. Active government initiatives for LGBT marriages, development of cost-effective IVF procedures and the popularity of fertility tourism is expected to further boost the market growth. However, legal and ethical issues related to IVF treatments, lack of awareness among patients in developing economies, and high costs of IVF devices would limit the market growth.

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Capital equipment, such as micromanipulator, IVF cabinets, incubators, and imaging system used in the IVF procedures accounts for the highest share i.e. around 75% in the IVF devices segment. This is attributed to the long shelf-life and high cost related to capital equipment during the IVF procedures. Geographically, Europe would continue to maintain its lead position, owing to the heavy investments made by...