The Global Embryo Incubator Industry is experiencing a surge in growth, fueled by the increasing popularity of in-vitro fertilization (IVF) techniques. According to a recent analysis, the market reached a value of US$77.8 million in 2022 and is projected to maintain this positive trajectory. By 2023, the market is expected to reach US$81.2 million.
Future Market Insights (FMI) paints an even brighter picture for the industry, forecasting a robust Compound Annual Growth Rate (CAGR) of 5.4% from 2023 to 2033. This translates to a staggering market valuation of US$137.7 million by 2033.
Embryo incubation plays a pivotal role in the medical industry, particularly in the field of assisted reproductive technologies. The embryo, being the first stage of a new creature’s development, necessitates precise and advanced incubation methods. The groundbreaking procedure of embryo transfer, involving the implantation of an embryo into a woman’s uterus to prepare her for pregnancy, has become a cornerstone in both animal and human reproductive health.
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Embryos used for pregnancy can be fresh or frozen for many years; frozen embryos can be nursed within incubators for many years under original conditions, with suitable temperature, nutritional medium provided to keep the embryo alive, adequate humidity, and other elements to support the embryo.
Global Embryo Incubator Industry: Drivers and Restraints
Embryo Incubators are a growing market as the number of fertilization problems is increasing over the globe due to lifestyle disorders. IVF (in vitro fertilization) helps people who are dreaming of families with babies. According to the CDC (Centers for Disease Control), in the U.S approximately ~4 million births occur per year and 1 and 2 percent of births occur due to IVF (in vitro fertilization), which directly fuels the market for Embryo Incubators in US and other fact with directly increase the demand Embryo Incubators is that 5 million babies over the globe are due to IVF (in vitro fertilization) according to ESHRE (European Society of Human Reproduction and Embryology). The high price and lack of awareness among healthcare professionals to handle the embryos in the incubator are the current hindrances to the Embryo Incubator market.
Global Embryo Incubator Industry: Overview
Embryo Incubator is high in demand in various regions over the globe, as the newborn babies in the region are from IVF (in vitro fertilization). Now a day’s majority of the population is going for IVF (in vitro fertilization) due to lifestyle disorders and improper diets. Players are focusing on new innovative technology to enhance the incubators to show more quality to improve embryo mentioning, which should be increased by providing the proper temperature and perfect pH balance along with original essential gases in proper amounts.
Embryo Incubator Industry: Region-wise Outlook
Geographically, the Embryo Incubator market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, the Middle East, and Africa. North America shows a major market share in Embryo Incubator, due to the high presence of players in the region and the high acceptance of IVF (in vitro fertilization). Europe shows the perfect market for the growth of Embryo Incubator as the players are coming with more products in the region. Asia Pacific is a growing market as the awareness is increasing among healthcare professionals to use the Embryo Incubator for IVF (in vitro fertilization). MEA is the region that is in the introductory phase as the medical system and others are supporting and focusing on the use of Embryo Incubator for medical use.
Global Embryo Incubator Industry: Key Players
Some of the players in the Embryo Incubator market include Esco Micro Pte. Ltd., Vitrolife, Genea Biomedx, Cook Medical Inc., Thermo Fisher Scientific Inc., Genea Limited, EMD Sereno Inc. (sub. Merck KGaA), IVFtech ApS and The Baker Company.
Global Embryo Incubator Industry Recent Development:
- In May 2022, The MINC+TM Benchtop Incubator was launched by Cook Medical, specifically for IVF facilities in the United States and Canada.
- In May 2022, Cook Medical is committed to enhancing people’s lives, not only through patient care but also in the communities it serves. In line with this commitment, Cook Medical’s manufacturing plant in Winston-Salem has recently achieved the ISO 14001 certification, which is the internationally recognized standard for environmental management systems.
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Global Embryo Incubator Industry: Segmentation
Embryo Incubator by Product Type
- Tri-gas Incubators
- Tri-gas Incubators with Camera
Embryo Incubator by End User
- Hospital and research laboratories
- Fertility clinics
- Cryobank
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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