In-vitro Fertilization Microscopes Market Size, Share & Trends Report

In-vitro Fertilization Microscopes Market Size, Share & Trends Analysis Report By End-use (Clinical, Academic Research), By Region (North America, Europe, APAC, LATAM), And Segment Forecasts, 2020 - 2027

  • Published Date: Jan, 2021
  • Base Year for Estimate: 2019
  • Report ID: GVR-4-68039-327-3
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2018
  • Number of Pages: 100

Report Overview

The global in-vitro fertilization microscopes market size was valued at USD 80.8 million in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 8.43% from 2020 to 2027. In-vitro fertilization (IVF) microscopes are used for various procedures, such as semen analysis, oocyte preparation, in-vitro fertilization, and the overall analysis of the embryo. The improving success rate of in-vitro fertilization procedures and availability of financial assistance are expected to boost the market growth. Moreover, product innovations by manufacturers are increasing treatment efficiency and are expected to reduce the procedure cost. Improved quality of microscopic examination by high contrast and innovations in the IVF microscope-related equipment are some of the important advancements in the market. For instance, in May 2019, the Dynamic Targeting System (DTS) for the LYKOS laser system was launched by Hamilton Thorne Ltd., which is compatible with the company’s inverted microscopes used for IVF applications.

U.S. IVF microscopes market size, by end-use, 2016 - 2027 (USD Million)

The market has witnessed advancements in microscopes and microscope-related equipment for use in in-vitro fertilization. Artificial Intelligence (AI), embryo assessment, and sperm selection are some of the applications targeted for innovation. The removal of embryos from an optimized culture environment to inspect for cleavage and morphology increases stress, thus limiting the number of assessments that can be performed. The system used for embryo monitoring by time-lapse technology incorporates a microscope and camera inside the incubation system, which enables noninvasive microscopic imaging of the embryo at specific time intervals. In March 2019, Olympus Corporation and Jikei University School of Medicine collaborated to develop the AI-assisted sperm selection process to reduce the overall time required for Intracytoplasmic Sperm Injection (ICSI) procedure.

Amid the COVID-19 pandemic declared by the World Health Organization (WHO), in March 2020, fertility societies worldwide globally recommended ceasing IVF treatment, except for the essential medical fertility preservation. The operations of IVF centers resumed with measures such as ensuring adequate staff, decontamination and validation of the equipment, and completion of risk assessment.

End-use Insights

The clinical segment held the largest share of 92.9% in 2019 and is expected to witness the fastest growth during the forecast period. Major factors contributing to the segment growth include increasing awareness regarding IVF treatment and growing investments by private investors in fertility clinics.

Global IVF microscopes market share, by end-use, 2019 (%)

IVF clinics provide a range of services, including healthy oocyte identification, semen analysis, ICSI, embryo monitoring, and freezing and storage of embryos. There is a trend of innovating products for use in IVF clinics and receiving investments from private investors by IVF clinics. In November 2019, a fertility tech startup, Mojo, received funding of around USD 1.8 million. The startup is working on the combination of AI software and microscopy hardware, a product to assist in sperm selection by focusing on the count, morphology, and speed of the sperm.

Regional Insights

Europe dominated the IVF microscopes market in 2019 with a share of 38.0% due to factors such as growing fertility tourism, legal reforms, and product innovation. The region has observed a significant adoption of time-lapse technology with clinic designed algorithms. Innovation in microscopes providing all imaging requirements used in a single embryo chamber to reduce the requirement of multiple workstations is aiding in saving space and cost of the procedure.

Asia Pacific is expected to witness the fastest growth over the forecast period owing to key factors such as increasing awareness and availability of IVF services. The presence of a large population and increasing awareness regarding IVF are among the key factors contributing to the increased demand for microscopes by clinics.

Key Companies & Market Share Insights

Olympus Corporation, Leica Microsystems, Zeiss, and Nikon Corporation are major microscope manufacturers, and Hamilton Thorne Ltd. and Eppendorf AG are the key players in the microscope manipulator market. Established players are adopting strategies such as geographic expansion and product innovation by integrating the latest technology. Some prominent players in the global in-vitro fertilization microscopes market 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

  • Hamilton Thorne Ltd.

  • Sutter Instrument Company

  • Tritech Research, Inc.

In-vitro Fertilization Microscopes Market Report Scope

Report Attribute

Details

Market size value in 2020

USD 87.1 million

Revenue forecast in 2027

USD 153.5 million

Growth Rate

CAGR of 8.43% from 2020 to 2027

Base year for estimation

2019

Historical data

2016 - 2018

Forecast period

2020 - 2027

Quantitative units

Revenue in USD million and CAGR from 2020 to 2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

End-use, region

Regional scope

North America; Europe; Asia Pacific; Latin America

Country scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Japan; China; India; Brazil; Mexico

Key companies profiled

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.

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global in-vitro fertilization microscopes market report based on end-use and region:

  • End-use Outlook (Revenue, USD Million, 2016 - 2027)

    • Clinical

    • Academic Research

  • Regional Outlook (Revenue, USD Million, 2016 - 2027)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

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