The "Global Assisted Reproductive Technology Market Size By Product (Instruments, Accessory And Disposable), By Type (IVF, AI-IUI), By Procedure (Fresh Donor, Fresh Non-Donor), By End-User (Fertility Clinic, Hospital), By Geographic Scope And Forecast" report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Assisted Reproductive Technology Market, including its growth prospects, market trends, and market challenges
JERSEY CITY, N.J., June 27, 2023 /PRNewswire/ -- The Global Assisted Reproductive Technology Market is projected to grow at a CAGR of 6.6% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 15.17 Billion in 2021 and is expected to reach USD 30.05 Billion by the end of the forecast period.
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Browse in-depth TOC on "Assisted Reproductive Technology Market"
202 - Pages
126 - Tables
37 - Figures
Assisted Reproductive Technology Market Poised for Remarkable Growth Driven by Technological Advancements
The global Assisted Reproductive Technology (ART) Market is set to experience substantial growth in the upcoming years, fueled by rapid technological advancements. With an increasing trend of delayed pregnancies among women due to factors such as economic pressure, career interests, and changes in relationships, the demand for ART procedures is on the rise. Furthermore, enhanced government investments in sex education programs have led to a surge in the use of contraception, particularly long-acting forms, resulting in a decline in birth rates among women in their twenties and a corresponding increase among those aged 30 to 44.
The age-related decline in fertility has created a need for repeated testing and reliance on assisted reproductive technologies, driving the growth of the ART market. Moreover, rising awareness campaigns focused on cost-effective procedures are expected to contribute to market expansion. Infertility has emerged as a prevalent global issue, affecting not only women but also one in every ten men. Factors such as increasing obesity rates, rising stress levels, and sedentary lifestyles have contributed to the rising infertility rates worldwide. Additionally, public awareness campaigns advocating affordable fertility treatments will play a significant role in driving market growth, especially in countries with a high prevalence of infertility.
The growing acceptance of same-sex marriages is anticipated to be a significant market driver for the global Assisted Reproductive Technology Market. As the social and legal recognition of same-sex marriages continues to increase, the utilization of fertility services and sperm donations among same-sex female couples has seen a notable rise. However, potential obstacles to market growth include the adverse effects of infertility treatments, the high cost of treatment, and the socio-ethical stigma associated with such procedures. Overcoming these challenges will be crucial for the sustained development of the market in the coming years.
Key Players in the Assisted Reproductive Technology Market:
- Genea Limited
- Vivaneo Deutschland GMBH
- Care Fertility Group
- California Cryobank
- Fujifilm Irvine Scientific
- Bloom IVF Centre
- Ovascience, Inc.
- Boston IVF
- Monash IVF Group
- Apollo Fertility
- Merck KGaA (EMD Serono, Inc.)
- Millendo Therapeutics, Inc.
- Oxford Gene Technology
- CooperSurgical Inc.
- Ferring B.V.
- Hamilton Thorne Inc.
To maintain a competitive edge in the market, these key players are expected to focus on financial statements, product benchmarking, SWOT analysis, and key development strategies.
The infertility clinic sector has witnessed significant dominance in the market due to the rising prevalence of reproductive cases, unhealthy lifestyles, and an increase in the number of fertility clinics. This trend is projected to continue during the forecast period. Europe is expected to display noteworthy growth, driven by the increasing prevalence of infertility and the growing demand for ART procedures. Active countries in Europe such as Spain, Denmark, the United Kingdom, France, and Germany are anticipated to be at the forefront of market expansion. Similarly, North America is poised for growth, with the acceptance of fertility services among patients in the United States contributing to the expansion of the ART market.
For further information, detailed market insights, and a comprehensive analysis of the Global Assisted Reproductive Technology Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Assisted Reproductive Technology Market into Product, Type, Procedure, End-User, And Geography.
- Assisted Reproductive Technology Market, by Product
- Instrument
- Sperm Separation System
- Cryosystem
- Incubator
- Imaging System
- Ovum Aspiration Pump
- Cabinet
- Micromanipulator
- Laser Systems
- Others
- Accessory & Disposable
- Reagents & Media
- Cryopreservation Media
- Semen Processing Media
- Ovum Processing Media
- Embryo Culture Media
- Assisted Reproductive Technology Market, by Type
- IVF
- IVF With ICSI
- IVF Without ICSI
- AI-IUI
- FER
- Other
- Assisted Reproductive Technology Market, by Procedure
- Fresh Donor
- Fresh Non-Donor
- Frozen Non-Donor
- Frozen Donor
- Embryo/Egg Banking
- Assisted Reproductive Technology Market, by End-User
- Fertility Clinic
- Hospital
- Surgical Center
- Clinical Research Institute
- Assisted Reproductive Technology Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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