In-vitro Fertilization Microscopes Market by Type (Upright Microscope, Inverted Microscope, Stereo Microscope, and Embryo Microscope), End User (Clinical and Academic Research), and Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031

Global In-vitro Fertilization Microscopes Market Analysis

The Global In-Vitro Fertilization Microscope Market Size was $105.4 million in 2021 and is expected to grow with a CAGR of 9.4%, by generating a revenue of $250.4 million by 2031.

Global In-vitro Fertilization Microscopes Market Synopsis

In-vitro fertilization microscopes are used for various procedures. They are primarily used to visualize and assess sperm vitality tests (morphology, motility, and viability) and sperm preparation. Inverted microscope used in fertility treatment save time and money in sample preparation, this factor drives the in-vitro fertilization microscopes market growth. The rise in cases of infertility worldwide is providing a significant impetus to the growth of the in vitro fertilization market. According to the World Health Organization (WHO), approximately 48 million couples and 186 million individuals worldwide suffer from infertility. During the forecast period, this is projected to continue to drive demand for in-vitro fertilization microscopes market. These factors are anticipated to boost the in-vitro fertilization microscope industry growth in the upcoming years.     

However, some of the limitations of stereo microscopes include several discrete magnifications, a single fixed magnification, or a zoom magnification system. This may be difficult to manipulate however with experience, it may become easier. These factors are anticipated to hinder the In-vitro fertilization microscopes industry growth.

Growing innovation in IVF microscope technology is a key factor driving market growth. Furthermore, increased R&D activity in the field of microscopy is propelling the market forward. Furthermore, the growth in emphasis on regenerative medicine and nanotechnology research is boosting market growth. The market is being driven by an expanding application scope and a strong demand for technologically advanced magnification devices. The market is expected to expand due to high demand from the healthcare industry and boost the in-vitro fertilization microscopes market opportunity in upcoming years.

According to regional analysis, the Europe In-vitro fertilization microscopes market size accounted for highest market share in 2021 due to factors such as growing fertility tourism, legal reforms, and product innovation. Time-lapse technology with clinic-designed algorithms have seen widespread adoption in the region.

In-vitro Fertilization Microscope Overview

In vitro fertilization (IVF) is a complex set of procedures used to improve fertility, prevent genetic problems, and aid in childbirth. During IVF, mature eggs are extracted from the ovaries and fertilized in a laboratory with sperm. In-vitro fertilization microscopes are used for a variety of procedures, including sperm analysis, oocyte preparation, in-vitro fertilization, and overall embryo analysis. The increasing success rate of in-vitro fertilization procedures, as well as the availability of financial assistance are expected to drive market growth.

COVID-19 Impact on Global In-vitro Fertilization Microscope Market

The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were standstill. This ultimately lowered the demand for microscopes due to disruptions in supply chain, closure of manufacturing company, as well as economic slowdown across several countries. In addition, the import-export restrictions were laid down on major microscopes’ producing countries such as the U.S. and China. For instance, sanitization of goods being imported from China was imposed by several countries. Owing to social distance standards and delays in the fertilization process, the COVID-19 pandemic had a negative impact on the market. Since IVF patients must visit the clinic every week, IVF procedures were suspended throughout the pandemic. The World Health Organization's (WHO) declared the COVID-19 a pandemic  in March 2020. The fertility societies around the world recommended that IVF treatment be discontinued, with the exception of essential medical fertility preservation. IVF center operations resumed after measures such as decontaminating & validating equipment, ensuring adequate staffing, and completing risk assessments were implemented.

The Growth in Awareness of In-vitro Fertilization is a Major Factor Driving the market growth

Growth in awareness of in-vitro fertilization is a major factor driving the in-vitro fertilization microscopes market growth. WHO recognizes that providing high-quality family planning services, including fertility care, is a critical component of reproductive health. Recognizing the significance of infertility and its impact on people's quality of life and well-being, WHO is committed to addressing infertility and fertility care by developing guidelines on the prevention, diagnosis, and treatment of male and female infertility, as part of the global norms and standards of quality care related to fertility care. IVF is the most common fertility treatment used when the fallopian tubes are severely damaged or absent, or there is unexplained or male-factor infertility. Owing to its high success rate, IVF is used more frequently in recent years as a first line of therapy for all causes of infertility. The proportion of live births per egg retrieval for women under 35 is 54.5%. The proportion of live births per egg retrieval for women aged 35 to 37 is 41.1%. The proportion of live births per egg retrieval for women aged 38 to 40 is 26.7%.

To know more about global In-vitro fertilization microscopes market drivers, get in touch with our analysts here.

The High Cost of Microscopes is the Main Challenge that is expected to impede market growth

However, the high cost and risks associated with IVF and ICSI treatment are some of the factors that are expected to limit the growth of the IVF microscopes market during the forecast period. For example, according to data published by the reproductive science center, a rare condition known as "Imprinting disorders" was linked to some IVF procedures, and it was estimated that the risk of such disorders with IVF treatment was around 2% to 5% per 15,000 births using IVF technique, whereas the risk in general cases was 1 in 15000 normal births. As a result, such potential risks and birth defects associated with IVF treatment can stymie global adoption of the IVF or ICSI procedure.

R&D investment and Technological Advancement are Anticipated to Create Lucrative Opportunities for the Market

The increasing success rate of in-vitro fertilization procedures as well as the availability of financial aid are expected to drive market growth. Furthermore, product innovations are increasing treatment efficiency and are expected to reduce procedure costs. Some of the significant market advancements include improved microscopic examination quality through high contrast and innovations in IVF microscope-related equipment. For instance, the Indian Institute of Technology (IIT), Hyderabad received funding from the Government of India's Department of Science and Technology (DST) to develop an IoT-based 3D printed Time-lapse smart microscope for embryo monitoring in IVF clinics.

To know more about global In-vitro fertilization microscopes market opportunities, get in touch with our analysts here.

Global In-vitro Fertilization Microscope Market, by Type

By type, the market has been divided into upright microscope, inverted microscope, stereo microscope, and embryo microscope. Among these, the embryo microscope segment accounted for the highest market share in 2021 is estimated to show the fastest growth during the forecast period.

Global In-vitro Fertilization Microscopes Market Size, by Type, 2021

Source: Research Dive Analysis

The embryo microscope segment is had a dominant market share in 2021. In embryo microscope, there is a camera and computer system designed to capture images of embryos grown in an incubator during in-vitro fertilization cycles. These images, which were captured by a camera as the embryos developed in their culture dish, are displayed on a computer screen in the IVF lab. The new microscope system has the added benefit of allowing all of these observations to be made without removing the embryos from their incubator. This keeps the embryos in a controlled environment, where they grow faster.

The stereo microscope segment is anticipated to show the second fastest growth by 2031. A stereomicroscope, sometimes called a dissecting microscope or a binocular inspection microscope, is a low-power compound instrument used for a closer examination of three-dimensional specimens that is possible with a hand lens. Stereo Microscopes produce a high-quality image with a full three-dimensional effect by viewing the specimen from  different angles. It typically has a large depth of field and a long working distance, allowing for simple mechanical interaction with the specimen. Moreover, there is no lateral reversal of the image, as with most other compound microscopes, so spatial relationship within the specimen can be easily appreciated.

Global In-vitro Fertilization Microscopes Market, by End-user

By end user, the market is divided into clinical and academic research. Among these, the clinical segment accounted for highest revenue share in 2021.

Global In-vitro Fertilization Microscopes Market Share, by End User, 2021

Source: Research Dive Analysis

The clinical segment accounted for the highest market share in 2021. IVF clinics offer a variety of services, including healthy oocyte identification, sperm analysis, ICSI, embryo monitoring, and embryo freezing & storage. Moreover, there is a trend of developing products for use in IVF clinics and receiving private investor investments in IVF clinics. Mojo, a fertility tech startup, received around USD 1.8 million in funding in November 2019. The startup is developing a product that combines AI software and microscopy hardware to aid in sperm selection by focusing on the count, morphology, and speed of the sperm. These factors are anticipated to boost the growth of clinical segment during the analysis timeframe.

Global In-vitro Fertilization Microscopes Market, Regional Insights

The In-vitro fertilization microscopes market was analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Global In-vitro Fertilization Microscopes Market Size & Forecast, by Region, 2021-2031 ($ Million)

Source: Research Dive Analysis

The Market for In-vitro Fertilization Microscope in Europe to be the Most Dominant

The Europe In-vitro fertilization microscopes market accounted for highest market share in 2021. Companies in the region are implementing a variety of strategies, such as product launches and research initiatives to drive the growth of the IVF microscope market during the forecast period. Nikon Microscopes, for example, launched ECLIPSE Ti2-U IVF in August 2021 for the initial procedures in Intracytoplasmic Sperm Injection (ICSI). The market for IVF microscopes in Asia-Pacific is expected to grow the fastest during the forecast period, owing to key factors such as increased awareness and availability of IVF services. The presence of a large population and increased awareness about IVF are two key factors contributing to clinics' increased demand for microscopes.

Competitive Scenario in the Global In-vitro Fertilization Microscope Market

Investment and agreement are common strategies followed by major market players. For instance, in June 2020, the Global Fertility Alliance now partnered  Zeiss and Hamilton Throne. The Global Fertility Alliance is committed to assisting in the standardization of ART (Assisted Reproductive Treatment) laboratory processes. The alliance's current members are Merck KGaA, Illumina Inc., and Genea Limited.

Source: Research Dive Analysis

Some of the leading in-vitro fertilization microscope market players are 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.