In the year 2022, the market for Embryo Incubators was valued at US$ 77.8 million. The estimated net worth of all embryo incubators sold worldwide in 2023 is US$ 81.2 million.
According to FMI, the global market will be worth US$ 137.7 million by 2033, growing at a rate of 5.4% between 2023 and 2033. Increased use of in-vitro fertilization methods among patients to aid in reproduction is blamed for the market’s expansion.
| Attribute | Details |
| Global Embryo Incubator Market Valuation in 2022 | US$ 77.8 million |
| Estimated Global Market Share in 2023 | US$ 81.2 million |
| Forecasted Global Market Size by 2033 | US$ 137.7 million |
| Projected Global Market Growth Rate from 2023 to 2033 | 5.4% CAGR |
| Historical Market Growth Rate from 2018 to 2022 | 3.5% CAGR |
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Embryos used for pregnancy can be fresh or frozen for many years; frozen embryos can be nursed within incubators for many years under original conditions, with suitable temperature, nutritional medium provided to keep the embryo alive, adequate humidity, and other elements to support the embryo.
Embryo Incubator Market: Drivers and Restraints
Embryo Incubator is growing market as, the number of fertilization problem is increasing over globe due to lifestyle disorder. The IVF (in vitro fertilization) helping the peoples who are dreaming for family with babies. According to CDC (Centers for Disease Control), in U.S approximately ~4 million births occurs per year from that 1 and 2 percent birth occurs due to IVF (in vitro fertilization), which directly fuel the market of Embryo Incubator in US and another fact with directly increase the demand Embryo Incubators is that 5 million babies over the globe are due to IVF (in vitro fertilization) according to ESHRE (European Society of Human Reproduction and Embryology). The high price and lack of awareness in healthcare professional to handle the embryo in the incubator is the current hindrances for the Embryo Incubator market.
Embryo Incubator Market: Overview
Embryo Incubator is high in demand in various region over the globe, as the new born babies in the region are from IVF (in vitro fertilization). Now a day’s majority of the populations are going for IVF (in vitro fertilization) due to lifestyle disorders and improper diets. Players are focusing new innovative technology to enhance the incubators to show more quality to improve embryo mentioning, which should be increase by providing proper temperature and perfect pH balance along with original essential gases in proper amount.
Embryo Incubator Market: Region-wise Outlook
Geographically, Embryo Incubator market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, Middle East and Africa. North America show major market share in Embryo Incubator, due to the high present of players in the region and highly acceptation of IVF (in vitro fertilization). Europe show the perfect market for growth of Embryo Incubator as the players are coming with more product in the region. Asia Pacific is a growing market as the awareness is increasing in healthcare professional to use the Embryo Incubator for IVF (in vitro fertilization). MEA is the region which is in introductory phase as the medical system and others are supporting and focusing on the use of Embryo Incubator for medical use.
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Embryo Incubator Market: Key Players
Some of the players in Embryo Incubator market include: Esco Micro Pte. Ltd., Vitrolife, Genea Biomedx, Cook Medical Inc., Thermo Fisher Scientific Inc., Genea Limited, EMD Sereno Inc. (sub. Merck KGaA), IVFtech ApS and The Baker Company.
Recent Development:
- In May 2022, The MINC+TM Benchtop Incubator has been launched by Cook Medical, specifically for IVF facilities in the United States and Canada.
- In May 2022, Cook Medical is committed to enhancing people’s lives, not only through patient care but also in the communities it serves. In line with this commitment, Cook Medical’s manufacturing plant in Winston-Salem has recently achieved the ISO 14001 certification, which is the internationally recognized standard for environmental management systems.
Embryo Incubator Market: Segmentation
Embryo Incubator market is segmented by
Embryo Incubator by Product Type
- Tri-gas Incubators
- Tri-gas Incubators with Camera
Embryo Incubator by End User
- Hospital and research laboratories
- Fertility clinics
- Cryobank
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