Assisted Reproductive Technology Market Trends 2021 By Top Players Cooper Companies Inc., Genea Limited, laboratoire CCD and Vitrolife AB
According to Centers for Disease Control and Prevention, around 306,174 assisted reproductive technology cycles were performed within fertility clinics across the U.S. in 2018. On the overall level around 1.9% infants were born using ART in 2018 in the U.S. Growing awareness pertaining these treatment and therapies for infertility will encourage more people to opt for it.
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Moreover, increasing acceptance of novel reproduction methods in developing countries will positively impact industry growth in the coming years. In 2019, assisted reproductive technology market size recorded at USD 26 billion globally in terms of revenue and is estimated to exhibit a CAGR of 4.4%% through 2026. Increasing prevalence of infertility among working women will majorly encourage adoption of these technologies.
Several government and private organizations are undertaking initiatives to create awareness about reproductive technologies. Rising awareness pertaining to reproductive technologies will create favorable scenario for adoption for ART. In addition, technological advancement which brings reliability will further propel the demand for ART in the coming years.
In 2019, frozen nondonor procedure segment accounted for USD 8.5 billion in terms of revenue. As compared to other procedures, the number of frozen nondonor egg implantations are rising. According to the CDC, maximum frozen nondonor embryo implantations were reported within young aged women across U.S. in 2015.
AI-IUI procedure is affordable and less invasive and is commonly recommended by doctors during beginning of infertility treatment. In 2019, artificial insemination-intrauterine insemination industry held 20% of the total revenue share of the market. The procedure is gaining major attention from couples with unexplained fertility as well as male fertility issues. Various benefits associated with AI-IUI technology will foster segment size over the analysis period.
Customer preference for hospitals is high owing to the availability of skilled professionals and developed facilities. Access to experienced gynecologists and advanced equipment with will drive hospital segment growth. ART industry share from the hospitals segment is estimated to register a CAGR of 4.7% CAGR between 2020-2026.
The U.S. ART market in 2019 generated a revenue of over USD 7.5 billion and is likely to grow at significant rate owing to growing prevalence of infertility. Increasing incidence of adoption of unhealthy habits, obesity, smoking, PCOD are leading to infertility and may boost the adoption of assisted reproductive technology in the region.
Key players operating in the assisted reproductive technology industry include Genea Limited, The Cooper Companies Inc., Vitrolife AB and Laboratoire CCD, among others.
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Partial Chapter of the Table of Content
Chapter 2. Executive Summary
2.1. Assisted reproductive technology Market industry360° synopsis, 2015 – 2026
2.1.1. Business trends
2.1.2. Procedure trends
2.1.3. Technology trends
2.1.4. End-use trends
2.1.5. Regional trends
Chapter 3. Assisted Reproductive Technology Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2015 – 2026
3.3. Industry impact forces
3.3.1. Growth drivers
18.104.22.168. Rising prevalence of infertility
22.214.171.124. Demographical shift
126.96.36.199. Rising awareness about assisted reproductive technology
3.3.2. Industry pitfalls and challenges
188.8.131.52. High cost of procedures
184.108.40.206. Social barriers and lack of advanced infrastructure in emerging countries
3.4. Growth potential analysis
3.4.1. By procedure
3.4.2. By technology
3.4.3. By end-use
3.5. COVID-19 impact analysis
3.6. Porter’s analysis
3.7. Competitive landscape, 2019
3.7.1. Strategy dashboard, 2019
3.8. PESTEL analysis
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