US In Vitro Fertilisation (IVF) Service Market Analysis

US In Vitro Fertilisation (IVF) Service Market Analysis

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US's In Vitro Fertilization (IVF) services market is projected to grow from $7.5 Bn in 2022 to $13.2 Bn by 2030, registering a CAGR of 7.3% during the forecast period of 2022-30. The market is expected to be driven by factors such as rising infertility rates, increasing awareness and acceptance of ART procedures, and the availability of advanced reproductive technologies. The major players in the US IVF Services market include companies such as Vitrolife AB, CooperSurgical Inc., Ferring Pharmaceuticals Inc., Irvine Scientific, Merck KGaA, and OvaScience Inc. These companies offer a range of IVF products and services, including fertility drugs, laboratory equipment, and diagnostic tests.

ID: IN10USHS011 CATEGORY: Healthcare Services GEOGRAPHY: US AUTHOR: Shivam Zalke

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US In Vitro Fertilization (IVF) Services Market Executive Summary

US's In Vitro Fertilization (IVF) services market is projected to grow from $7.5 Bn in 2022 to $13.2 Bn by 2030, registering a CAGR of 7.3% during the forecast period of 2022-30.

Because of improvements in reproductive technology and the rising number of couples who are having trouble becoming pregnant, this market is expanding quickly.

An egg is fertilized with sperm in a laboratory dish using IVF, a sort of assisted reproductive technology, and the resultant embryo is subsequently placed into the uterus. Couples who have been trying to conceive for a year or more without success are often advised to undergo the treatment, as are those with certain medical issues that make it difficult for them to conceive naturally.

Rising infertility rates, greater knowledge and acceptability of ART treatments, and the availability of cutting-edge reproductive technologies are some of the reasons predicted to propel the market.

The exorbitant expense of IVF operations, however, continues to be a significant deterrent for many people and couples seeking therapy. The average cost of a single IVF cycle in the US is over $12,000, and the majority of insurance policies do not cover the cost of treatment, according to the American Society for Reproductive Medicine. As a consequence, a lot of individuals are compelled to look for alternate, often less successful, choices because they cannot afford IVF.

US IVF service market analysis

Market Dynamics

Growth Drivers

The American Society of Reproductive Medicine and the Canadian Fertility and Andrology Society recommended that all in-person reproductive treatments in the United States and Canada be suspended immediately and permanently beginning on March 17, 2020, owing to COVID-19. As a consequence, 52% of couples in therapy reported having clinically severe depressive symptoms, and 86% of couples in treatment said that treatment interruptions had a detrimental effect on their mental health. The suggestions also included delaying the start of new therapies, switching to a freeze-all procedure in situations where couples have previously experienced hCG triggering, and taking into account gamete cryopreservation in cases of urgent fertility preservation. The COVID-19 pandemic is therefore anticipated to have a significant influence on the development of the industry under consideration.

Competitive Landscape

Key Players

The US In Vitro Fertilization (IVF) services market has several key players, including:

  • OvaScience
  • CooperSurgical Fertility and Genomic Solutions
  • Ferring Pharmaceuticals
  • Vitrolife
  • Boston IVF
  • Reproductive Medicine Associates of New York
  • Shady Grove Fertility
  • New Hope Fertility Center

Healthcare Policies and Regulatory Landscape

The Food and Drug Administration (FDA), the Centers for Medicare and Medicaid Services (CMS), and state regulatory agencies are largely in charge of overseeing in vitro fertilization (IVF) services in the United States.

Via its Center for Biologics Evaluation and Research, the FDA oversees the use of Assisted Reproductive Technologies (ART) in the United States, including IVF (CBER). Human Chorionic Gonadotropin (HCG), which is utilized in IVF treatments, is one of the ART products whose production, distribution, and labeling are governed by the CBER.

On the other hand, the CMS controls the insurance coverage and remuneration of IVF treatments for individuals covered by Medicare and Medicaid. While IVF services are not presently covered by Medicare, several states have regulations in place that, in certain situations, compel Medicaid to pay for infertility treatments, including IVF.

IVF services are governed at the state level by several state medical boards and licensing organizations, which also control the licensing and certification of IVF centers and providers.

The US has several professional organizations that establish standards for the provision of IVF treatments in addition to regulatory entities. These organizations include the Society for Assisted Reproductive Technologies (SART) and the American Society for Reproductive Medicine (ASRM) (SART). These groups provide standards for IVF facilities' data reporting needs as well as recommendations for IVF ethics and clinical practice.

IVF services are governed by a complicated regulatory environment in the US that varies by state and regulatory authority. To protect the security and effectiveness of IVF services for patients, several governmental and professional bodies provide rules and control.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company Overview Product Applications and Services Recent Developments Partnerships Ecosystem Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

In Vitro Fertilization (IVF) Services Market Segmentation

By Cycle Type (Revenue, USD Billion):

Based on cycle type, the In Vitro Fertilization (IVF) services market is segmented into fresh In Vitro Fertilization (IVF) cycles, thawed In Vitro Fertilization (IVF) cycles, and donor egg In Vitro Fertilization (IVF) cycles. The fresh In Vitro Fertilization (IVF) cycle segment held the largest share of the market in 2019, and the same segment is anticipated to register the highest CAGR in the market during the forecast period.

  • Fresh In Vitro Fertilization (IVF) Cycles
  • Thawed In Vitro Fertilization (IVF) Cycles
  • Donor Egg In Vitro Fertilization (IVF) Cycles

By End User (Revenue, USD Billion):

The In Vitro Fertilization (IVF) services market is divided into hospitals, fertility centers, surgical centers, and clinical research institutes based on the end user.

  • Fertility Clinics
  • Hospitals
  • Surgical Centers and Clinical Research Institutes

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

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Last updated on: 20 February 2024
Updated by: Ritu Baliya

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