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Global Assisted Reproductive Technology Market Overview : Forecasted Market Size And Growth Rate | Cooper Surgical Inc., Ferring Pharmaceuticals Ltd., Hamilton Thorne Ltd., Merck KGaA, Genea Limited, California Cryobank
Assisted Reproductive Technology Global Market Report
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Assisted Reproductive Technology industry. This report on Assisted Reproductive Technology market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The assisted reproductive technology market size has grown rapidly in recent years. It will grow from $38.04 billion in 2023 to $45.42 billion in 2024 at a compound annual growth rate (CAGR) of 19.4%. The growth in the historic period can be attributed to increase in infertility rates, changing societal norms, growing awareness, legislative support, aging population. The assisted reproductive technology market size is expected to see rapid growth in the next few years. It will grow to $91.8 billion in 2028 at a compound annual growth rate (CAGR) of 19.2%.
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Key Market Players:
Cooper Surgical Inc., Ferring Pharmaceuticals Ltd., Hamilton Thorne Ltd., Merck KGaA, Genea Limited, California Cryobank, European Sperm Bank, OvaScience Inc., Bloom IVF Centre, Vitrolife AB, FUJIFILM Irvine Scientific Inc., Nidacon International AB, Monash IVF Group Ltd., Cook Medical, INVO Bioscience Inc., Thermo Fisher Scientific Inc., Boston Scientific Corporation, Anecova Sa, Carolinas Fertility Institute, Microm Ltd., Inception Sciences Inc., Progyny Inc., Oxford Gene Technology IP Ltd., IVI-RMA Global, Boston IVF, CARE Fertility Group, Virtus Health, Reproductive Medicine Associates of New York, Shady Grove Fertility, CCRM Fertility, New Hope Fertility Center, Houston Fertility Institute, Pacific Fertility Center, RMA of New Jersey, Sher Fertility Institute, IVF Florida, ORM Fertility, HRC Fertility, Arizona Center for Reproductive Endocrinology & Infertility, San Diego Fertility Center, Fertility Centers of Illinois
Market Drivers:
According to the Assisted Reproductive Technology Market Report 2024 by The Business Research Company, the increasing prevalence of obesity is expected to propel the growth of assisted reproductive technology market going forward. Obesity is a medical condition characterized by an excessive accumulation of body fat to the extent that it may have adverse effects on an individual's health. Obesity can lead to irregular menstrual cycles, ovulatory dysfunction, and reduced sperm quality, increasing the likelihood of infertility. Obese individuals may also delay parenthood, face higher risks of conditions like PCOS and encounter challenges during in-vitro fertilization (IVF). As awareness of the impact of obesity on fertility grows, more individuals and couples seek specialized ART services, leading to increased demand in the market.
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Market segments for Assisted Reproductive Technology include:
1) By Diagnosis: Ovulation Testing, Hysterosalpingography, Ovarian Reserve Testing, Genetic Testing
2) By Procedure Type: Fresh Non-Donor, Fresh Donor, Frozen Donor, Frozen Non-Donor, Embryo Or Egg Banking
3) By End-User:Hospitals, Fertility Clinics, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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