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:
Challenges for Companies /Manufacturers in the Oocyte Retrieval Needles Market:
Opportunities in the Oocyte Retrieval Needles Industry:
Latest Trends in the Oocyte Retrieval Needles Market:
| 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% |
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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 | 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.
| 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.
| 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.
| 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.
| 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.
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.
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.
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.
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Key Developments in the Oocyte Retrieval Needles Market:
The oocyte retrieval needles market is slated to attain USD 724.6 million by 2033.
The growth potential of the oocyte retrieval needles market is 6.7% CAGR through 2033.
The inclusion of safety features like needle guards and retractable needles to avoid any injuries.
Promoting the knowledge about the use of oocyte retrieval needles.
The United Kingdom market is expected to register a CAGR of 8% through 2033.
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Oocyte Retrieval Needles Market
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