In-vitro fertilization microscopes are expected to grow at an 8.43% compound annual growth rate (CAGR), between 2020 and 2027. The market was worth USD 80.8 million in 2019. IVF microscopes can be used for many purposes, including semen analysis, oocyte preparation and overall embryo analysis. Market growth is expected to be boosted by the increasing success rate of IVF and the availability of financial aid. Manufacturers are also creating new products that improve treatment efficiency and reduce costs. Market innovations include improved quality in microscopic examination using high contrast and improvements in IVF microscope-related equipment. Hamilton Thorne Ltd. launched the Dynamic Targeting Systems (DTS) for LYKOS laser systems in May 2019. It is compatible with IVF-related inverted microscopes.
There have been many advances in microscopes and related equipment to use in-vitro fertilation. Artificial Intelligence (AI), embryo evaluation, and sperm choice are just a few of the new applications. The stress of removing embryos from an optimized environment for inspecting for cleavage or morphology can limit the number of assessments that can take place. The embryo monitoring system by time-lapse technology includes a microscope and camera within the incubator system. This allows noninvasive microscopic imaging to be performed on the embryo at specified time intervals. In March 2019, Olympus Corporation partnered with Jikei University College of Medicine to create the AI-assisted Sperm Selection process. This was to decrease the time needed for Intracytoplasmic Sperm Injections (ICSI).
In March 2020, the World Health Organization (WHO) declared a COVID-19 pandemic. All fertility societies around the world recommended that IVF treatment be stopped, with the exception of essential medical fertility preservation. Operation of IVF centers was resumed after measures were taken to ensure adequate staff, validation and validation of equipment, and to complete a risk assessment.
In 2019, the clinical segment held the largest market share at 92.9% and is expected to experience the most rapid growth over the forecast period. The segment's growth is due to increasing awareness about IVF treatment and increased investments by private investors into fertility clinics.
IVF clinics offer a variety of services including embryo monitoring, ICSI, embryo monitoring, healthy oocyte identification and semen analysis. IVF clinics are increasingly innovating new products and receiving private investments. Mojo, a fertility startup, received funding in November 2019 of approximately USD 1.8 million. The startup is developing a combination of AI software with microscopy hardware to aid in sperm selection. It focuses on the count, morphology and speed of the fertilized eggs.
Europe was the market leader in IVF microscopes in 2019, with 38.0%. This is due to factors like growing fertility tourism, legal reforms and product innovation. This region has seen a rapid adoption of time-lapse technology and clinic-designed algorithms. Innovative microscopes that provide all imaging requirements in one embryo chamber are reducing the need for multiple workstations and thereby lowering the cost and space required.
Asia Pacific will see the most rapid growth during the forecast period due to key factors like increasing awareness and accessibility of IVF services. Clinics are seeing an increase in demand for microscopes due to increasing awareness and the large population.
Olympus Corporation and Leica Microsystems are major microscope producers, while Hamilton Thorne Ltd., Eppendorf AG, and Zeiss are key players in microscope manipulator markets. Established players are adapting strategies like geographic expansion and product innovation through the integration of the latest technology. The following are some of the major players in the global market for in-vitro fertilization microscopes:
Linkam Scientific Instruments
Olympus Corporation
Leica Microsystems
Meiji Techno
Zeiss
Euromex Microscopen B.V.
Labomed Europe B.V.
Nikon Corporation
Narishige Group
Eppendorf AG
Hamilton Thorne Ltd.
Sutter Instrument Company
Tritech Research, Inc.
Up Market Research published a new report titled “In-vitro Fertilization Microscopes Market research report which is segmented by End-use (Clinical, Academic Research), By Players/Companies Leica Microsystems, Meiji Techno, Sutter Instrument Company, Nikon Corporation, Zeiss, Labomed Europe BV, Eppendorf AG, Narishige Group, Linkam Scientific Instruments, Olympus Corporation, Hamilton Thorne Ltd, Tritech Research Inc, Euromex Microscopen BV”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | In-vitro Fertilization Microscopes Market Research Report |
By End-use | Clinical, Academic Research |
By Companies | Leica Microsystems, Meiji Techno, Sutter Instrument Company, Nikon Corporation, Zeiss, Labomed Europe BV, Eppendorf AG, Narishige Group, Linkam Scientific Instruments, Olympus Corporation, Hamilton Thorne Ltd, Tritech Research Inc, Euromex Microscopen BV |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 232 |
Number of Tables & Figures | 163 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by End-use (Clinical, Academic Research).
In-vitro Fertilization Microscopes Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the In-vitro Fertilization Microscopes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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