Report Overview

Saudi Arabia In-Vitro Fertilization (IVF)Market - Industry Trends & Forecast Report 2028

Saudi Arabia In-Vitro Fertilization (IVF) Market is predicted to grow at a CAGR of 8.7% during the forecast period (2022-2028). The rapid expansion of the market is predominantly due to the shift in people's lifestyles and the rising prevalence of gynecological problems in the country’s general population. The growth of the in-vitro fertilization market is being fueled by the population increase and the declining rate of pregnancy among women. Moreover, the market is expanding as a result of the adoption of bad eating habits, including an increase in the consumption of fast food and beverages and edibles with high sugar content. Also, the capacity of consumers to have children is being negatively impacted by their rising predilection for drinking alcohol and smoking cigarettes. Furthermore, the expansion of government programs to support the healthcare industry and the development of infrastructure is accelerating market expansion.

In-Vitro Fertilization (IVF) - Overview

An egg and sperm are joined in vitro during the fertilization procedure known as in vitro fertilization (IVF). Monitoring and promoting ovulation in a woman is part of the procedure, as is taking an ova or ovum (egg or eggs) from her ovaries and allowing sperm to fertilize them in a culture medium in a lab. To generate a successful pregnancy, the fertilized egg (zygote) is inserted by catheter into the uterus after undergoing embryo culture for 2–6 days. A type of assisted reproductive technology called IVF is utilized for gestational surrogacy and infertility therapy. A donor egg may be fertilized and implanted into the uterus of a surrogate, but the resulting child is genetically unrelated to the surrogate. IVF therapy is unavailable in some countries, which has led to the rise of fertility tourism. Cost and age limitations on IVF are imposed to allow a woman to carry a healthy pregnancy to term.

Growth Drivers

Increase in the Median Age of First-Time Mothers

The median age of first-time mothers has dramatically risen over time across the country. This trend is largely due to more effective methods of contraception, later marriages, and the rise in the proportion of women who prioritize their professions over having children. More women are anticipated to experience difficulties conceiving naturally as the typical age of first-time mothers rises. In this situation, more and more ladies are being compelled to choose IVF procedures, which is anticipated to fuel the market's expansion in the ensuing years.

Growing Success Rates of IVF Procedures

In vitro fertilization has become the gold standard for infertility treatment due to its higher success rate. The market is expected to grow due to several factors, including a declining total fertility rate, an increase in IVF clinics, a high success rate for the procedure, booming fertility tourism, an increase in the use of assisted reproductive technology (ART) in developing regions, and an increase in government initiatives to raise public awareness of infertility and its treatments. Due to its increased success rate, in vitro fertilization has emerged as the gold standard for the treatment of infertility. Infertile or childless couples are choosing to have children more frequently. In a laboratory, a donor or non-donor egg is fertilized either with a partner's sperm or donor sperm using this modern ART procedure.

Infertility due to Delaying Pregnancies fuels Market Growth

Delay in getting pregnant after marriage is another important element that fuels industry expansion. The number of mothers who put off getting pregnant even after turning 35 has increased. Infertility results from pregnancy difficulties brought on by delayed pregnancies, which is what fuels the in-vitro market's expansion. Additionally, the industry is expanding rapidly as a result of the worldwide reduction in fertility rates. Therefore, the main drivers of the growth of the worldwide in-vitro fertilization market are the rapidly dropping fertility rates. All these factors boost the growth of the Saudi Arabia In-Vitro Fertilization (IVF) Market during the forecast period (2022-2028).

Restraints

IVF Procedures are Extremely Expensive

Because of the lack of reimbursement policies, the cost of IVF treatment varies by region. In some parts of the country, a lack of insurance coverage and a poor reimbursement scenario are limiting the market's growth. Furthermore, IVF treatment does not always result in a successful pregnancy. Infections, hemorrhages, and anesthetic risks are all possible during or after IVF treatment. Fertility treatment also increases the likelihood of multiple pregnancies. This can lead to low birth weight and premature birth. Market growth is anticipated to be hampered as a result of these risks.

Impact of COVID-19 on Saudi Arabia In-Vitro Fertilization (IVF) Market

The pandemic of COVID-19 prompted a nationwide suspension of in vitro fertilization treatment, which had a significant impact on women undergoing IVF procedures. During the COVID-19 pandemic, the number of people undergoing IVF cycles worldwide fell by 90%. The spread of COVID-19 has had an impact not only on fertility clinics due to the cancellation of IVF treatments but also on fertility decisions among couples who had chosen IVF treatment before the pandemic.

Saudi Arabia In-Vitro Fertilization (IVF) Market - By Technique

Based on the technique, the Saudi Arabia In-Vitro Fertilization (IVF) Market is segmented into ICSI IVF and Non-ICSI IVF. Among these, IVF with ICSI experienced the fastest rise. This is because it has a higher chance of fertilization and the ability to reduce multi-nucleation. Also, the adoption of IVF with ICSI treatments is predicted to increase due to the success rate of fertilization with ICSI and the increased use of ICSI during IVF, boosting the segment's expansion throughout the forecast period(2022-2028).

Saudi Arabia In-Vitro Fertilization (IVF) Market – By Product

Based on product, the Saudi Arabia In-Vitro Fertilization (IVF) Market is segmented into IVF Culture Media, ICSI Machine, IVF Incubators, Cryosystems, and Others. During the forecast period, 2022-2026, the IVF culture media product segment is expected to account for a significant market share. This segment is being driven by high-end investments by market players and an increase in research and development activities. All these factors boost the growth of the Saudi Arabia In-Vitro Fertilization (IVF) Market during the forecast period (2022-2028).

Saudi Arabia In-Vitro Fertilization (IVF) Market - By End-User

Based on end-user, the Saudi Arabia In-Vitro Fertilization (IVF)Market is segmented into Fertility Clinics, Hospitals, and Others. The fertility clinics segment now has the biggest market share and is likely to continue to do so during the forecast period (2022-2028). Some of the factors that are likely to contribute to the segment's rapid growth include the rising government initiatives to establish fertility clinics, initiatives taken by major international healthcare providers to establish fertility centers, and the increasing popularity of IVF and ICSI treatment worldwide. This influences the fertility clinics segment to dominate the market share in the upcoming years.

Competitive Landscape

The leading market players in the Saudi Arabia In-Vitro Fertilization (IVF) Market are Dr. Sulaiman Alhabib Medical Group, Healthplus Fertility & Women’s Health Center, Dr. Samir Abbas Medical Centers, Dr. Khalid Idriss Hospital, KKUH-Assisted Conception Unit, King Faisal Specialist Hospital, Saad Hospital IVF Center, Al Manaa General Hospital, Thuriah Medical Center, and other prominent players.

The Saudi Arabia In-Vitro Fertilization (IVF) Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Scope of the Report

By Technique

• ICSI IVF
• Non-ICSI IVF

By Product

• IVF Culture Media
• ICSI Machine
• IVF Incubators
• Cryosystems
• Others

By End-User

• • Fertility Clinics
  • Hospitals
  • Others

By Region

• • Central
  • Western
  • Eastern
  • Southern

1. Research Framework
   1. Research Objective
   2.  Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Saudi Arabia In-Vitro Fertilization (IVF) Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Landscape/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Saudi Arabia In-Vitro Fertilization (IVF) Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Technique
         1. ICSI IVF
         2. Non-ICSI IVF
      2. By Product
         1. IVF Culture Media
         2. ICSI Machine
         3. IVF Incubators
         4. Cryosystems
         5. Others
      3. By End-User
         1. Fertility Clinics
         2. Hospitals
         3. Others
      4. By Region
         1. Central
         2. Western
         3. Eastern
         4. Southern
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership, etc.)
7. Impact of COVID-19 on Saudi Arabia In-Vitro Fertilization (IVF) Market Industry
8. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
   1. Dr. Sulaiman Alhabib Medical Group
   2. Healthplus Fertility & Women’s Health Center
   3. Dr. Samir Abbas Medical Centers
   4. Dr. Khalid Idriss Hospital
   5. KKUH-Assisted Conception Unit
   6. King Faisal Specialist Hospital
   7. Saad Hospital IVF Center
   8. Al Manaa General Hospital
   9. Thuriah Medical Center
   10. Other Prominent Players
9. Key Strategic Recommendations

Note: Financial in information in case of non-listed companies will be provided as per availability

The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1        Saudi Arabia In-Vitro Fertilization (IVF) Segmentation

Figure 2        Saudi Arabia In-Vitro Fertilization (IVF) Market Value Chain Analysis

Figure 3        Porter’s Five Forces Analysis

Figure 4        Saudi Arabia In-Vitro Fertilization (IVF) Market Size, By Value (USD Million), 2018-2028

Figure 5        Saudi Arabia In-Vitro Fertilization (IVF) Market Share, By Technique, By Value, 2018-2028

Figure 6        Saudi Arabia In-Vitro Fertilization (IVF) Market Share, By Product, By Value, 2018-2028

Figure 7        Saudi Arabia In-Vitro Fertilization (IVF) Market Share, By End-User, By Value, 2018-2028

Figure 8        Saudi Arabia In-Vitro Fertilization (IVF) Market Share, By Region, By Value, 2018-2028

Figure 9        Market Share Analysis, 2021

List of Tables

Table 1         Saudi Arabia In-Vitro Fertilization (IVF) Market Size, By Technique, By Value, 2018-2028

Table 2         Saudi Arabia In-Vitro Fertilization (IVF) Market Size, By Product, By Value, 2018-2028

Table 3         Saudi Arabia In-Vitro Fertilization (IVF) Market Size, By End-User, By Value, 2018-2028

Table 4         Saudi Arabia In-Vitro Fertilization (IVF) Market Size, By Region, By Value, 2018-2028

Table 5         Saudi Arabia In-Vitro Fertilization (IVF) Market Size, By End-User, By Value, 2018-2028

Table 6         Key Players and Their Offerings

Table 7         Competitive Benchmarking, By Operating Parameters

Table 8         Merger Acquisition, Partnership, Joint-Ventures etc.

Table 9         Dr. Sulaiman Alhabib Medical Group Company Overview

Table 10        Dr. Sulaiman Alhabib Medical Group Financial Overview

Table 11        Healthplus Fertility & Women’s Health Center Company Overview

Table 12        Healthplus Fertility & Women’s Health Center Financial Overview

Table 13        Dr. Samir Abbas Medical Centers Company Overview

Table 14        Dr. Samir Abbas Medical Centers Financial Overview

Table 15        Dr. Khalid Idriss Hospital Company Overview

Table 16        Dr. Khalid Idriss Hospital Financial Overview

Table 17        KKUH-Assisted Conception Unit Company Overview

Table 18        KKUH-Assisted Conception Unit Financial Overview

Table 19        King Faisal Specialist Hospital Company Overview

Table 20        King Faisal Specialist Hospital Financial Overview

Table 21        Saad Hospital IVF Center Company Overview

Table 22        Saad Hospital IVF Center Financial Overview

Table 23        Al Manaa General Hospital Company Overview

Table 24        Al Manaa General Hospital Financial Overview

Table 25        Thuriah Medical Center Company Overview

Table 26        Thuriah Medical Center Financial Overview