In Vitro Fertilization Market Size, Share, Growth Analysis, By Cycle(Fresh Donor, Fresh Non-Donor, Frozen Donor, and Frozen Non-Donor), By End-user(Fertility Clinics & IVF Centers, Surgical Centers, Hospitals, Research Institutes), By Procedure(Conventional IVF, IVF with ICSI, Minimal IVF, IVF with Donar Eggs), By Product(Equipment (Microscopes, Sperm Analyzer Systems, Imaging Systems, Ovum Aspiration Pumps), By Region - Industry Forecast 2024-2031

In 2022, Asia Pacific region is expected to witness a remarkable compound annual growth rate (CAGR) during the forecast period in the in-vitro fertilization (IVF) market. This growth can be attributed to several factors, including the large population base, rapidly declining fertility rates, increasing government initiatives focused on women, a growing preference for careers over starting a family among women, and increased awareness regarding fertility clinics and procedures. The region benefits from growing awareness of IVF, rising healthcare expenditure, and increased adoption of advanced reproductive technology. Additionally, the rise of medical tourism in the region is expected to impact the growth of the IVF market. countries like Japan and South Korea are facing declining population rates due to the increasing median age of first-time mothers. Women in these countries prioritize their careers and tend to delay starting a family during their 20s. This trend results in delayed marriages and pregnancies. Women over the age of 35 have a higher risk of miscarriage and stillbirth, which can lower the success rate of fertility treatments.

In North America, there has been a significant decline in fertility rates among both men and women. Factors such as the increasing prevalence of polycystic ovary syndrome, the rising number of fertility clinics, improved government reimbursement policies for fertility issues, and increased healthcare expenditure contribute to the growth of the IVF market in North America. Delayed marriages and pregnancies, rising obesity rates, and increased alcohol consumption are primary factors behind the surging infertility rates, driving the IVF market in North America.