The globe In vitro fertilization market The size accounted for $21.6 billion in 2021 and is estimated to reach a market size of $36.2 billion by 2030, growing at a CAGR of 6.1% from 2022 to 2030.

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In vitro fertilization market overview

In vitro fertilization (IVF) has gained popularity over time as a type of assisted reproductive technology to treat infertility and prenatal pregnancy. During the IVF procedure, sperm and an egg are mixed in vitro. This method can be used to get pregnant in people who are unable to do so naturally. The expansion of the in vitro fertilization industry is being greatly accelerated by the increase in infertility cases around the world. According to the World Health Organization (WHO), 186 million people and 48 million couples struggle with infertility worldwide. As a result, in vitro fertilization will continue to be required during the projected period.

In vitro fertilization market trends

The IVF market is fueled by the rising incidence of infertility caused by lifestyle changes, government initiatives to improve repayment policies, and continued efforts by industry participants. The development of male infertility treatments such as ICSI should have a positive impact on development in the near future. In addition, it is expected that genome testing will be made available to market participants that can stop the transmission of hereditary diseases during IVF. Insurance companies have been asked to pay for these surgeries more frequently. The increasing number of IVF procedures eventually led to competitive pricing, which reduced treatment costs and encouraged the market to adopt more uniformity and automation of treatment.

The main reason for the reduced TFR is a change in societal behavior. This change is due to the increase in the proportion of women of working age, the aging of the maternal population,…