Oocyte Retrieval Needles Market

Oocyte Retrieval Needles Market Outlook (2023 to 2033)

The oocyte retrieval needles market size is projected to be worth USD 359.1 million in 2023. The market is likely to surpass USD 724.6 million by 2033 at a CAGR of 7.3% during the forecast period.

The Oocyte retrieval needles market refers to the global market for medical devices specifically designed for the retrieval of oocytes (immature eggs) from the ovaries of women undergoing assisted reproductive technology (ART) procedures, such as in vitro fertilization (IVF) or intracytoplasmic sperm injection (ICSI). Oocyte retrieval is a crucial step in these procedures, where the eggs are collected from the ovaries using specialized needles.

Other Drivers Propelling the Demand for Oocyte Retrieval Needles include:

• The need for ART techniques including in vitro fertilization (IVF) and the increased prevalence of infertility have both considerably fueled the rise of the oocyte retrieval needles market. The demand for these needles has increased as more couples seek out fertility treatments, which is a crucial phase in the IVF process called oocyte retrieval.
• The market for oocyte retrieval needles has seen technological advancements made to increase the effectiveness and security of the retrieval process. The development of needles with characteristics including thinner diameters, improved visibility under ultrasound guidance, and enhanced design for simpler penetration and tissue manipulation is the main goal of manufacturers.
• In many areas, rising healthcare costs and disposable money have made it possible for individuals and couples to afford pricey fertility therapies like IVF. Financial resources are more widely accessible, which has raised demand for reproductive services and increased use of oocyte retrieval needles.

Challenges for Companies /Manufacturers in the Oocyte Retrieval Needles Market:

• It can be expensive to receive fertility treatments, particularly IVF procedures that need oocyte retrieval. These treatments can be difficult for people and couples with minimal resources to receive because of their high cost. The price of oocyte retrieval needles and related fertility treatments may discourage some individuals from seeking therapy, which may have an effect on market growth.
• Oocyte retrieval procedures require knowledge and specialized training to perform. In some areas, it may be difficult to find qualified medical personnel with experience in oocyte retrieval procedures, such as reproductive endocrinologists and embryologists. The adoption and use of oocyte retrieval needles may be hampered, and this could have an adverse effect on the market's expansion.
• For oocyte retrieval methods, there is a lack of standardized protocols and standards, including variability in stimulation regimens, needle diameters, and techniques employed. The lack of standardized procedures might lead to inconsistent results, making it difficult to compare findings across various research and clinics.

Opportunities in the Oocyte Retrieval Needles Industry:

• The demand for oocyte retrieval operations is being driven by the rising prevalence of infertility as well as rising awareness and acceptance of ART. The need for oocyte retrieval needles is predicted to rise as more people and couples turn to these procedures. Manufacturers now have the chance to meet the growing demand and meet the requirements of the expanding patient population.
• Working together with fertility clinics and research organizations can promote innovation and expand the market. Manufacturers can participate in clinical trials, learn useful insights from industry leaders, and advance the creation of innovative methods and technologies by collaborating with them.

Latest Trends in the Oocyte Retrieval Needles Market:

• Adoption of single-use, disposable oocyte retrieval needles has been on the rise. With the use of these needles, there is no longer a chance of infection or cross-contamination. The emphasis placed in reproductive clinics on patient safety and infection control measures is what has sparked the trend towards single-use disposable needles.
• In the market for oocyte retrieval needles, the relevance of needle safety characteristics has increased. Manufacturers have included safety features like retractable needles and needle guards to reduce the possibility of healthcare workers suffering needle stick injuries.

Attributes	Details
Oocyte Retrieval Needles Market Size (2023)	USD 359.1 million
Oocyte Retrieval Needles Market Projected Size (2033)	USD 724.6 million
Value CAGR (2023 to 2033)	6.7%

2017 to 2022 Oocyte Retrieval Needles Demand Outlook Compared to 2023 to 2033 Forecast

From 2017 to 2022, the global oocyte retrieval needles market experienced a CAGR of 6.0%, reaching a market size of USD 359.1 million in 2023.

From 2017 to 2022, The market for oocyte retrieval needles has been steadily expanding as a result of developments in assisted reproductive technology (ART) and rising interest in infertility therapies.

Oocyte retrieval needles are made specifically for the removal of oocytes (eggs) during intracytoplasmic sperm injection (ICSI) or in vitro fertilization (IVF). They are commonly utilized in assisted reproduction facilities and play a critical part in fertility treatments.

Future Forecast for Oocyte Retrieval Needles Industry:

Looking ahead, the global oocyte retrieval needles industry is expected to rise at a CAGR of 7.3% from 2023 to 2033. During the forecast period, the market size is expected to reach USD 724.6 million by 2033.

The oocyte retrieval needles industry is expected to continue its growth trajectory from 2023 to 2033, Due to reasons like changing lifestyles, postponed pregnancies, and environmental variables, the prevalence of infertility is predicted to keep increasing globally. In the upcoming years, this is probably going to increase demand for oocyte retrieval needles.

The demand for oocyte retrieval needles is anticipated to rise as more people and couples choose fertility procedures like IVF and ICSI. This demand may be influenced by variables like shifting societal standards, more awareness, and easier access to fertility clinics.

Country-Wise Insights

Oocyte Retrieval Needles Market to Surge in the United States Due to Rising Number of Infertility Rates.

Country	The United States
Market Size (USD million) by End of Forecast Period (2033)	USD 239.3 million
CAGR % 2023 to End of Forecast (2033)	7.8%

The oocyte retrieval needles industry in the United States is expected to reach a market size of USD 239.3 million by 2033, expanding at a CAGR of 7.8%. The number of infertile couples in the US has been gradually increasing.

The rising need for reproductive procedures like IVF and ICSI is influenced by variables like postponed pregnancies, lifestyle changes, and environmental factors. Oocyte retrieval needle demand is consequently increased as a result.

Rising Fertility Treatments to Propel the United Kingdom Market Growth

Country	The United Kingdom
Market Size (USD million) by End of Forecast Period (2033)	USD 42.2 million
CAGR % 2023 to End of Forecast (2033)	8.0%

The oocyte retrieval needles industry in the United Kingdom is expected to reach a market share of USD 42.2 million, expanding at a CAGR of 8.0% during the forecast period. For those who meet the criteria, the National Health Service (NHS) in the UK offers access to fertility treatments.

The accessibility and affordability of these services are improved by the availability of NHS-funded fertility treatments, including oocyte retrieval operations. This helps the UK market for oocyte retrieval needles to expand.

Notable Growth Expected in China's Oocyte Retrieval Needles Market as Governments Supportive Measures

Country	China
Market Size (USD million) by End of Forecast Period (2033)	USD 53.6 million
CAGR % 2023 to End of Forecast (2033)	7.6%

The oocyte retrieval needles industry in China is anticipated to reach a market size of USD 53.6 million, moving at a CAGR of 7.6% during the forecast period. To address the issue of infertility and advance assisted reproductive technologies, the Chinese government has put supportive regulations and programs in place.

These include actions like easing the restrictions on family planning, enhancing the infrastructure for healthcare, and funding fertility treatments. Such government assistance promotes the market expansion for oocyte retrieval needles.

Due to Well Developed Healthcare Infrastructure Drive Market Growth in Japan

Country	Japan
Market Size (USD million) by End of Forecast Period (2033)	USD 39.3 million
CAGR % 2023 to End of Forecast (2033)	7.5%

The oocyte retrieval needles industry in Japan is estimated to reach a market size of USD 39.3 million by 2033, thriving at a CAGR of 7.5%. The healthcare system in Japan is well developed and includes assisted reproduction facilities and specialized fertility clinics.

These facilities have cutting-edge technology and a high rate of adoption of cutting-edge oocyte retrieval needle designs. The presence of cutting-edge healthcare infrastructure facilitates market expansion.

Demand for Oocyte Retrieval Needles is Rising Due to Increased Medical Tourism

Country	South Korea
Market Size (USD million) by End of Forecast Period (2033)	USD 29.1 million
CAGR % 2023 to End of Forecast (2033)	7.2%

The oocyte retrieval needles industry in South Korea is expected to reach a market size of USD 29.1 million, expanding at a CAGR of 7.2% during the forecast period. In terms of medical tourism, South Korea has become a well-liked location for fertility procedures.

International patients seeking fertility treatments are drawn to the nation because of its reputation for providing high-quality healthcare services, cutting-edge technologies, and skilled healthcare experts. As a result, the market for oocyte retrieval needles is expanding.

Category-Wise Insights

Single Lumen Needle to Dominate Oocyte Retrieval Needles Industry with 7.6% CAGR through 2033

The Single Lumen Needle is expected to dominate the oocyte retrieval needles industry with a CAGR of 7.6% from 2023 to 2033. This segment captures a significant market share in 2023, in order to lower the possibility of contamination and infection during oocyte retrieval techniques, single lumen needles were developed.

They reduce the possibility of cross-contamination between the needle and the surrounding area by only having one hole or lumen. Their greater use in clinical settings due to their enhanced safety profile is what is causing the market to rise overall.

Which End User is Widely Adopted the Oocyte Retrieval Needles?

The Fertility Clinics segment is expected to dominate the oocyte retrieval needles industry with a CAGR of 7.5% from 2023 to 2033. Oocyte retrieval needles are in high demand since fertility clinics are the main providers of assisted reproductive technologies (ART), such as IVF and ICSI.

Oocyte retrieval is a crucial step in these treatments, which these facilities provide to individuals and couples struggling with infertility. The demand for oocyte retrieval needles is directly impacted by the expansion of fertility clinics and the growing number of patients they serve.

How Key Players Stay Competitive in the Oocyte Retrieval Needles Industry?

The oocyte retrieval needles sector is fiercely competitive, with many companies fighting for market dominance. To stay ahead of the competition in such a circumstance, essential players must employ smart techniques.

Key Strategies Used by the Participants

Product Development

To develop innovative goods that increase efficacy, dependability, and cost-effectiveness, businesses make significant investments in research and development. Product innovation allows companies to stand out from the competition while also meeting the shifting needs of their customers.

Strategic Alliances & Collaborations

Strategic relationships and alliances with other businesses are regularly formed by major players in an industry to take advantage of each other's advantages and expand their market reach. Through such partnerships, businesses may also obtain access to novel innovations and markets.

Expansion into Emerging Markets

The market for oocyte retrieval needles is rising quickly in developing nations. To strengthen their presence in these regions, key companies are expanding their distribution networks and building local manufacturing sites.

Acquisitions and mergers

Leading companies in the oocyte retrieval needles industry frequently use mergers and acquisitions to consolidate their market positions, broaden their product offerings, and enter new markets.

Key Players in the Oocyte Retrieval Needles Industry

• Vitrolife
• Rocket Medical
• RI.MOS.
• Gynetics Medical Products
• Kitazato Corporation
• Wallace™ (A CooperSurgical Company)
• Gynemed Medizinprodukte GmbH & Co. KG
• Rocket Medical plc
• Biolife Italiana S.r.l.
• ReproLine Medical Devices
• Triumph Medical Supplies Co., Ltd.
• CADMACH MACHINERY CO. PVT. LTD.
• LifeGlobal Group LLC
• Sage Media Ltd.
• SRR Surgical Instruments
• Tsunami Medical
• CooperSurgical, Inc

Key Developments in the Oocyte Retrieval Needles Market:

• In November 2021, CooperSurgical, Inc., purchased Generate Life Sciences® Company. Generate Life Sciences® is a privately held market-leading provider of sperms and donor eggs for fertility cryopreservation services, newborn stem cell storage (cord blood & tissue) and fertility treatments.

Segmentation Analysis of the Oocyte Retrieval Needles Market

By Product:

• Single Lumen Needle
• Double Lumen Needle

By End User:

• Hospitals
• Fertility Clinics
• Surgical Centers
• Clinical Research Institutes

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East & Africa

Frequently Asked Questions

How Much the Oocyte Retrieval Needles Market is Slated to Attain by 2033?

The oocyte retrieval needles market is slated to attain USD 724.6 million by 2033.

What is the Growth Potential of the Oocyte Retrieval Needles Market?

The growth potential of the oocyte retrieval needles market is 6.7% CAGR through 2033.

Which Trends Can be Seen in the Market?

The inclusion of safety features like needle guards and retractable needles to avoid any injuries.

Which Opportunities are Cropping up in the Market?

Promoting the knowledge about the use of oocyte retrieval needles.

What are the Growth Prospects for the United Kingdom Market?

The United Kingdom market is expected to register a CAGR of 8% through 2033.