In Vitro Fertilization Market Size
The global in vitro fertilization market was estimated to be worth $638 million in 2021. By 2026, it is expected to reach $987 million, growing at an annual rate of 9.1% between 2021 and 2026.
Growth factors for this market include greater public awareness about infertility and the availability of treatment options. However, the high cost and low success rate of in vitro fertilization treatments, as well as restrictive regulations and ethical concerns, are expected to restrict the growth of the market to a certain extent.
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The global in vitro fertilization (IVF) market is projected to grow at a steady pace during the forecast period, driven by the increasing use of intracytoplasmic sperm injection (ICSI) procedures. ICSI is a type of IVF procedure where a single sperm is injected directly into an egg to achieve fertilization.
The success rates of fertilization using ICSI are higher compared to conventional IVF, especially in cases of male infertility factors like low sperm count or poor sperm quality. This has led to ICSI becoming an increasingly popular add-on procedure with standard IVF treatments. According to industry estimates, over 60% of all IVF procedures now utilize ICSI to maximize chances of successful embryo implantation and pregnancy.
The growing popularity of ICSI stems from its ability to enable fertilization even with very low sperm numbers or in cases of previous failed IVF attempts. As the technique continues to deliver consistent success rates, its adoption within the broader IVF industry is expected to rise further. More IVF clinics are actively recommending ICSI, and key vendors are developing specialized IVF instruments and media optimized for ICSI use.
From a regional perspective, Asia Pacific is forecast to be the fastest growing market for IVF over the next few years. Rising infertility rates, growing per capita incomes, increasing awareness about available treatments and cost advantages relative to Western countries is making the APAC region attractive for reproductive tourism. Countries such as Thailand, Malaysia and India are actively promoting IVF tourism, with clinics offering competitive pricing packages inclusive of IVF procedures, medications, accommodations etc.
Medical tourism hubs combined with the large target demographic is anticipated to push the APAC IVF market size to over USD 2 billion by 2026. The growth will also be aided by investments in healthcare infrastructure, skilled workforce and clinical training centers across the region. With favourable growth prospects, global IVF leaders are looking to expand their geographic footprint in APAC markets through partnerships, collaborations and mergers & acquisitions.
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