Saudi Arabia In Vitro Fertilization Market Size & Outlook
Saudi Arabia in vitro fertilization market, 2018-2030 (US$M)
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Saudi Arabia in vitro fertilization market highlights
- The Saudi Arabia in vitro fertilization market generated a revenue of USD 373.3 million in 2023 and is expected to reach USD 547.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, frozen nondonor was the largest revenue generating procedure type in 2023.
- Frozen Donor is the most lucrative procedure type segment registering the fastest growth during the forecast period.
In vitro fertilization market data book summary
| Market revenue in 2023 | USD 373.3 million |
| Market revenue in 2030 | USD 547.7 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Frozen nondonor |
| Fastest growing segment | Frozen Donor |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fresh Nondonor, Frozen Nondonor, Fresh Donor, Frozen Donor |
| Key market players worldwide | Bayer AG, Cook Medical, Merck KGaA, Ferring, FUJIFILM Holdings Corp, Genea Biomedx, Merck & Co Inc, The Cooper Companies Inc, Thermo Fisher Scientific Inc, Vitrolife AB ADR, Boston Scientific Corp, Nova IVF, Fortis Healthcare, RMA Network, TFP Fertility Group, US Fertility |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.5% of the global in vitro fertilization market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia in vitro fertilization market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 547.7 million by 2030.
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In Vitro Fertilization Market Scope
In Vitro Fertilization Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia in vitro fertilization market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to in vitro fertilization market will help companies and investors design strategic landscapes.
Frozen nondonor was the largest segment with a revenue share of 48.27% in 2023. Horizon Databook has segmented the Saudi Arabia in vitro fertilization market based on fresh nondonor, frozen nondonor, fresh donor, frozen donor covering the revenue growth of each sub-segment from 2018 to 2030.
The market in Saudi Arabia is expected to exhibit substantial market growth in the MEA region. This growth can be attributed to various factors. Firstly, there has been a decline in the birth rate, which has led to an increased demand for fertility treatments like IVF.
In addition, the Saudi Arabian government has supported the establishment of fertility clinics and infertility services, contributing to the growth of the market. Furthermore, the introduction of new products and services has further boosted the regional market.
In terms of birth rates, Saudi Arabia experienced a decrease of 2.73% in 2022 compared to 2020, with a birth rate of 16,630 births per 1,000 people. Similarly, in 2020, the birth rate was 17,097 births per 1,000 people, showing a reduction of 2.65% compared to 2019.
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Our clientele includes a mix of in vitro fertilization market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia in vitro fertilization market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia in vitro fertilization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia in vitro fertilization market size, by procedure type, 2018-2030 (US$M)
Saudi Arabia In Vitro Fertilization Market Outlook Share, 2023 & 2030 (US$M)
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