Assisted Reproductive Technology Market Eminent Players | Cook Medical, Cooper Surgical Inc. (CooperSurgical), Genea Limited, Hamilton Thorne, Irvine scientific, IVFtech ApS, LABORATOIRE CCD, Merck Group, Nidacon International AB, Thermo Fisher Scientific
The procedure of assisted reproductive technology works by surgically removing eggs from the ovaries of woman's body. These are then combined with sperm to make embryos and are returned to the woman's body or are donated to another woman who is known as surrogate or gestational carrier. Among the procedures the IVF is a commonly practiced and effective kind of assisted reproductive technology.
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The assisted reproductive technology procedure at times uses a donor sperm, donor eggs or even earlier frozen embryos. These procedures are usually an option only when people have undergone several other infertility treatment options and were unsuccessful in achieving pregnancy.
Assisted reproductive technology market is segmented in terms of procedure, technology, end-use, and regional landscape.
In terms of procedure, the overall ART market is classified into frozen donor, frozen nondonor, fresh donor, fresh nondonor, and embryo/egg banking. The embryo/egg banking segment held a market valuation of approximately $4.8 billion in 2019 owing to the increasing number of sperm banks, and acceptance of ART in emerging economies.
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With respect to technology, the assisted reproductive technology market is categorized into Frozen Embryo Replacement (FER), In-vitro fertilization (IVF), Artificial Insemination - Intrauterine Insemination (AI-IUI), and others. The IVF technology segment will witness a CAGR of over 3.8% over the projected timeframe owing to high success rate and reliability, high awareness, and enhancement of procedure using various elements.
The IVF procedure involves the collection of woman's eggs and the sperm from the male donor. Both the egg and sperm are left in the laboratory in a culture dish further allowing the fertilization of the egg. If fertilizations happens to occur, then there is the possibility of embryo transfer, wherein an embryo is developed and is placed inside the woman's uterus. Also, in a few cases multiple embryos may develop, which are frozen to be used later for transfer procedures.
Based on end-use, the assisted reproductive technology market is bifurcated into fertility clinics, hospitals, and others. Among these, the hospitals are likely to witness over $7.0 billion revenue because of the sophisticated facilities and skilled workforce.
From a regional frame of reference, the Asia Pacific assisted reproductive technology market is likely to witness a CAGR of over 5.8% throughout the forecast timeframe due to the increasing proportion of working women, shift of child-bearing age, delayed pregnancy, and expanding healthcare infrastructure.
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