MEA IVF Tools and Techniques Market: Current Analysis and Forecast (2021-2027)
$3500 – $6860
Emphasis on Gender (Female, Male, Both); Tools Type (Systems, Sperm Separation Systems, Ovum Aspirations Pumps, Incubators & Micromanipulator Systems, Cryosystems, Others); Techniques Type (Intra-Cytoplasmic Sperm Injection (ICSI), Pre-Implantation Genetic Diagnosis (PGD), and Frozen Embryo Transfer/Replacement (FET/FER)); End-Users (Fertility & Surgical Centers, Hospitals, Research Clinics) and Region & Country.
Promulgating awareness about the benefits of IVF technique coupled with the emerging fertility problems in the region is one of the key factors contributing to the growth of the IVF tools and techniques in the middle east and Africa region. In the GCC, it has been estimated that 6-7 million couples in the 20-40 age group are suffering from infertility and around Almost 15-20% of couples regionally have difficulty conceiving naturally. Moreover, the fertility rate in the region has witnessed a sharp decline in the last 2 decades. As per the world bank, the fertility rate in the MENA region has decreased from 7 children per woman in 1960 to just 3 in 2019.
Furthermore, a decrease in the cost of infertility treatment services in the Middle East region is also a key factor that is gaining end-users traction for medical services related to IVF Treatment. The average cost of an IVF/ICSI cycle in the GCC States is ~US$3,000-5,000 and an additional US$1,500-2,000. These costs are cheaper by at least 70-80% than several European and North American countries. Therefore, the region is witnessing a sharp rise every year in the number of international tourists incoming for medical services. According to the latest Medical Tourism Index Ranking, Dubai and Abu Dhabi were ranked 6th and 8th in terms of leading global destinations for medical tourism, respectively. As per Colliers, medical tourism accounts for 10-15% of the IVF patient volumes. The emerging number of medical tourists is contributing significantly to the market growth.
COVID19 is a global crisis that has significantly affected the field of infertility and IVF practice. This also includes risk groups such as pregnant women and neonates. As COVID-19 cases are on the rapid rise in the Middle East and African region, the countries across the region went through a strict lockdown for months and a couple of days, IVF clinics had to shut down and all assisted reproductive process was postponed. Many patients, who were undergoing treatment, had to cancel their plans midway. The biggest apprehension of couples is not the effect of the virus on their bodies or their babies, but how delays in the treatment could affect their chances of having a baby.
IVF Step by Step Process
Cooper surgical Inc., Vitrolife, Cookmedical Inc., Inrvine Scientific Inc., Thermo Fihser Scientific, Inc., EMD Serono, Inc., Genea Limited, Esco Micro Pte. Limited, IVF Tech Aps, The Bakers Company Inc., etc., are some of the prominent players operating in the Middle East and Africa IVF Tools and Techniques market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.
Insights Presented in the Report
“Amongst Gender, Female segment holds the major share”
Based on the Gender Type, the market is fragmented into Female, Male, and Both. The Female segment dominated the market with a share of 60.7% in 2020 and is expected to maintain its dominance during the forecast period owing to the emerging infertility problem in females owing to the decreased ovarian reserves and ovulation disorders, tubal damage, polycystic ovary syndrome, and endometriosis.
“Amongst Tools Type, Ovum Aspiration Pumps segment dominated the market during the forecast period”
Based on Tools Type, the market is mainly fragmented into Imaging Systems, Sperm Separation Systems, Ovum Aspirations Pumps, Incubators & Micromanipulator Systems, Cryosystems and Others (Gas Analysers, Laser System).In 2020, the Ovum Aspirations Pumps segment accounted for a maximum market revenue share of 30.9% and is expected to remain dominant during the analyzed period.
“Amongst Techniques Type, Intra-Cytoplasmic Sperm Injection (ICSI) segment grabbed Lion’s share in 2020”
Based on Techniques Type, the market is mainly fragmented into Intra-Cytoplasmic Sperm Injection (ICSI), Pre-Implantation Genetic Diagnosis (PGD), and Frozen Embryo Transfer/Replacement (FET/FER). In 2020, the Intra-Cytoplasmic Sperm Injection (ICSI) grabbed the major market share and dominated the market. The segment gathered 86.2% revenue share.
“Based on End-User’s Type, Fertility and surgical centers Dominated the Marker in 2020”
The MEA IVF Tools and Techniques market is fragmented into Fertility & Surgical Centers, Hospitals, and Research Clinics. In 2020, the fertility and surgical centers grabbed the major market share and gathered 81.8% market share. Moreover, the trend of dominance is expected to remain the same in the forthcoming years as well.
“The UAE represents one of the largest markets of IVF Tools and Techniques market”
For a better understanding of the market dynamics of the IVF Tools and Techniques market, a detailed analysis was conducted for different countries across the region including the UAE, Saudi Arabia, Oman, Kuwait, Nigeria, South Africa, and the Rest of MEA. UAE dominated the market and generated revenue of US$ 360.5 million in 2020 owing to the being a highly populated country and the emerging fertility problem in women.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
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|1.2||Objective of the Study|
|1.5||Currency Used in Report|
|1.6||Scope of the Middle East and Africa IVF Tools and Techniques Market Study|
|2.1||Research Methodology for the Middle East and Africa IVF Tools and Techniques Market|
|2.1.1||Main Objective of the Middle East and Africa IVF Tools and Techniques Market|
|6||MIDDLE EAST AND AFRICA IVF TOOLS AND TECHNIQUES MARKET REVENUE|
|8.2||Sperm Separation Systems|
|8.3||Ovum Aspirations Pumps|
|8.4||Incubators, Micromanipulator Systems|
|8.6||Others (Gas Analyzers, Laser System)|
|9.1||Intra-Cytoplasmic Sperm Injection (ICSI)|
|9.2||Pre-Implantation Genetic Diagnosis (PGD)|
|9.3||Frozen Embryo Transfer/Replacement (FET/FER)|
|10.1||Fertility & Surgical Centres|
|11.7||Rest of the Middle East and Africa|
|13||LEGAL & REGULATORY FRAMEWORK|
|14.1||Demand Side Analysis|
|14.2||Supply Side Analysis|
|14.2.1||Top Product Launches|
|14.2.2||Top Business Partnerships|
|14.2.3||Top Merger & Acquisitions|
|15||VALUE CHAIN ANALYSIS|
|16||MIDDLE EAST AND AFRICA IVF TOOLS AND TECHNIQUES MARKET OPPORTUNITIES|
|17||MIDDLE EAST AND AFRICA IVF TOOLS AND TECHNIQUES MARKET TRENDS & INSIGHTS|
|18.1||Porter’s Five forces analysis|
|18.1.1||Bargaining power of Supplier|
|18.1.2||Bargaining power of Buyer|
|18.1.4||Availability of Substitute|
|18.1.5||Threat of new Entrants|
|19.3||Cook Medical, Inc.|
|19.5||Thermo Fisher Scientific, Inc.|
|19.6||EMD Serono, Inc.|
|19.8||Esco Micro Pte Limited|
|19.1||The Bakers Company Inc.|
Analyzing the historical market, estimation of the current market, and forecasting the future market of the Middle East and Africa IVF Tools and Techniques Market were the three major steps undertaken to create and analyze the adoption of IVF Tools and Techniques for the treatment across major countries in the region. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the IVF Tools and Techniques market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detailed secondary study was conducted to obtain the historical market size of the IVF Tools and Techniques through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the IVF Tools and Techniques market, we conducted a detailed secondary analysis to gather historical market insights and share for different tools & technology types for major countries. Major segments included in the report are gender, tools, techniques, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of IVF Tools and Techniques in the region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of IVF Tools and Techniques. Further, we conducted factor analysis using dependent and independent variables such as surging infertility, government support, low cost, and high success rate. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the IVF Tools and Techniques industry across the region.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the IVF Tools and Techniques market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. bottom-up/top-down approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of IVF Tools and Techniques across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the IVF Tools and Techniques market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the IVF Tools and Techniques market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of Tools and Techniques type and End-Users of the IVF Tools and Techniques market.
Main Objective of the IVF Tools and Techniques Market Study
The current & future market trends of IVF Tools and Techniques were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of IVF Tools and Techniques in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of gender, tools, techniques, and End-user sector
- Define and analysis of the regulatory framework for the IVF Tools and Techniques industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the IVF Tools and Techniques market for the major countries
- Major countries studied in the report include UAE, Saudi Arabia, Oman, Kuwait, Nigeria, South Africa, and the Rest of MEA
- Company profiles of the IVF Tools and Techniques market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry