In-vitro Fertilization Microscopes Market Expected to Reach $250.4 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “In-vitro Fertilization Microscopes Market," The in-vitro fertilization microscopes market size was valued at $105.40 million in 2021, and is estimated to reach $250.4 million by 2031, growing at a CAGR of 9.4% from 2022 to 2031.

In vitro fertilization (IVF) is one of several techniques available to help people who are having difficulty having a baby. During IVF, an egg is extracted from the woman's ovaries and fertilized in a laboratory with sperm. The fertilized egg, known as an embryo, is then returned to the woman's womb to develop and grow. Furthermore, people typically turn to IVF when they have issues such as fallopian tube damage, ovulation disorders, endometriosis, uterine fibroids, previous tubal sterilization or removal, impaired sperm production or function, or genetic disorders. Other factors influencing fertility (and thus increasing demand for IVF) include smoking, excessive alcohol consumption, obesity, stress, and calorie restriction. These factors boost the demand for IVF procedures, further boosting the demand In-vitro fertilization microscopes market trends.

However, upright microscopes have several disadvantages when compared to inverted microscopes. In general, upright microscopes have longer working distances, which results in lower resolution and weaker fluorescence signals. Unlike inverted microscopes, upright microscopes do not allow the use of high numerical aperture objectives directly on the coverslip bottom to which the cells adhere.

Manufacturers offer upright microscopes, digital microscope cameras, and software to view images as part of a sperm analysis system to provide a complete solution for sperm analysis. Furthermore, as sperm analysis can be improved by keeping the sample at a constant temperature, manufacturers are combining the use of such devices with an upright microscope. PROiSER, for example, offers ISAS HEAT, a slide warmer that is compatible with its UB200i upright microscope and Computer Assisted Semen Analysis (CASA) systems. Upright microscopes in IVF treatment are anticipated to boost the In-vitro fertilization microscopes market growth in the upcoming years.

The development of technologically advanced products with features such as faster performance and simple sample preparation techniques is expected to boost IVF microscopes market penetration. Furthermore, technological advancements for integrating with display modalities for high definition and 3-dimensional images are expected to drive demand during the forecast period. The incorporation of advanced technologies, such as the internet of things (IoT), is helping to propel the IVF microscopes industry forward.

For instance, in June 2020, the Global Fertility Alliance will collaborate with Zeiss and Hamilton Throne. The Global Fertility Alliance is dedicated to assisting in the standardisation of laboratory processes for ART (Assisted Reproductive Treatment). Merck KGaA, Illumina Inc., and Genea Limited are the current members of the alliance.

The In-vitro fertilization microscopes market share is segmented on the basis of type, end user, and region. By type, it is classified into upright microscope, inverted microscope, stereo microscope, and embryo microscope. By end user, it is divided into Clinical and Academic Research. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the In-vitro fertilization microscope market report include Linkam Scientific Instruments, Olympus Corporation, Leica Microsystems, Meiji Techno, Zeiss, Euromex Microscopen B.V., Labomed Europe B.V., Nikon Corporation, Narishige Group, Eppendorf AG, and Hamilton Thorne Ltd.

The report offers a comprehensive analysis of the global In-vitro fertilization microscope market trends by thoroughly studying various aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working toward the growth of the market. The report also sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers & suppliers, threats of fresh players, and emergence of substitutes in the market.

Impact of COVID-19 on the In-vitro Fertilization Microscope Industry

• International fertility organizations advised stopping IVF treatment after the WHO declared the COVID-19 pandemic in March 2020, except for necessary medical fertility preservation. As a result, fewer people chose to undergo IVF procedures, which had an impact on fertility clinics' need for supplies, equipment, and services.
• COVID-19 impacted all industries, and the microscope manufacturing companies ceased their operations owing to import-export restrictions, lockdown imposed across several countries, labor shortage due to fear of contracting the novel coronavirus, which resulted in sluggish market demand.
• Social distancing norms, closed borders, and production constraints due to the pandemic across various countries such as China, India, and the U.S. have affected the global market.

Key Findings of the Study

• By type, the embryo microscope segment emerged as the global leader in 2021 and is anticipated to be the fastest growing segment during the forecast period.
• By end user, the clinical segment emerged as the global leader in 2021 and is expected to show the fastest growth in the upcoming years.
• By region, the Europe market registered the highest market share in 2021 and is projected to maintain the position during the forecast period.