Market Trends of In Vitro Fertilization Industry
The Sperm Separation Systems Segment is Expected to Witness Significant Growth Over the Forecast Period
In most assisted reproductive technologies (ART), such as in vitro fertilization (IVF) and artificial insemination, sperm separation systems are used. These systems are critical for assisted reproductive technologies (ARTs) because they provide purified samples that can be used in subsequent procedures. These systems are crucial for ARTs as they provide purified samples for further procedures. Furthermore, the rising focus of companies on developing novel devices for use in assisted reproductive technology (ART) procedures conducted by fertility clinics and obstetrician-gynecologist (OB/GYN) practices is driving the market growth.
The increasing use of advanced technology, such as sperm syringes, in selecting high-quality sperm is expected to fuel the segment growth. For instance, an article published in Advanced Materials Technologies in March 2022 reported that a sperm syringe provides the maximum contact area between 1.5 ml of the semen sample and selection events, thereby enabling a highly parallelized and rapid sorting mechanism. This retrieval efficiency provides a sufficient volume and number of high-quality sperm for droplet-based IVF and intrauterine insemination (IUI) to avoid the more invasive intracytoplasmic sperm injections (ICSI) procedure.
Also, sperm syringe offers a promising option for clinics to deploy less invasive assisted reproductive technologies (ARTs), hence minimizing the related clinical strain and improving the long-term health outcomes for ART-conceived children as compared to intracytoplasmic sperm injection.
Furthermore, the growing technological advancements in the sperm separation segment are also contributing to the segment's growth. For instance, in March 2022, Malta, in collaboration with Pera Labs's commercialization advisors at the University City Science Center, started the research and development of an AI-powered sperm and egg selection technology for fertility treatments. Pera Labs's Malta operations are accelerated by the EUR 800,000 (USD 8,83,040) of financial support from Malta Enterprise, coupled with Pera Labs's financing.
Therefore, due to the rapid advancements in technology and the accuracy of sperm selection procedures, the sperm separation systems segment is expected to witness significant growth over the forecast period.
North America is Expected to Have the Significant Market Share Over the Forecast Period
North America is anticipated to hold a significant share of the market over the forecast period owing to factors such as the rising prevalence of associated conditions such as polycystic ovary syndrome (PCOS), standardization of procedures, government funding for sperm and egg storage, and a constant rise in the incidence of infertility in both sexes. In addition, the presence of various leading players in this region, the growing number of single women and same-sex couples, and favorable regulatory reforms are also expected to boost the market growth in the region.
The rising number of single women and same-sex couples in the country are increasing the demand for IVF treatment to help them become parent, which is expected to fuel the market growth. For instance, according to the 2022 data published by the United States Census, about 1.2 million same-sex couples were living in the United States in 2021, of which 710,000 (60%) were married and 500,000 were unmarried. Additionally, the rising number of in-vitro fertilization procedures in the region contributes to the market growth. For instance, about 368,502 ART cycles were performed in the United States in 2021, an increase of 19% compared to the previous year.
Additionally, the incidence of infertility is increasing due to rising levels of smoking, alcohol consumption, use of some illicit drugs, and underlying problems, including obesity. For instance, as per the 2021 data published by the WHO, 12% of the people in Canada smoke regularly, and people aged 20 years or above have the highest rate of smoking (11%) as compared to people aged 15 years to 19 years (4%). The rising prevalence of smoking is associated with a high level of ferroptosis in seminal plasma, which affects the quality of semen and lowers the probability of getting pregnant, which is expected to propel the growth of the studied market over the forecast period.
The increasing adoption of various business strategies such as acquisitions, partnerships, and others by the companies increases the introduction of advanced fertility treatment centers and options, which is anticipated to propel market growth. For instance, In December 2022, Kindbody launched a state-of-the-art clinic and in vitro fertilization (IVF) lab in Dallas to meet the increasing demand for world-class fertility care and comprehensive family-building benefits by patients and employers in the area.
Similarly, in December 2021, Cooper Companies acquired Generate Life Sciences, a provider of donor eggs and sperm for fertility treatments, fertility cryopreservation services, and newborn stem cell storage (cord blood and cord tissue) for approximately USD 1.6 billion. With this acquisition, CooperSurgical can offer fertility clinics, Obstetrics, and Gynaecology even stronger services and products.
Therefore, owing to the factors above, the studied market is anticipated to grow over the forecast period.
