Press release
Assisted Reproductive Technology Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
Assisted Reproductive Technology Market
The Business Research Company offers in-depth market insights through Assisted Reproductive Technology Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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%. The growth in the forecast period can be attributed to increasing maternal age, rising demand for same-sex parenting, medical tourism, expanding healthcare infrastructure, research and development. Major trends in the forecast period include use of artificial intelligence (ai), egg freezing, single-embryo transfer (set), pgt-a and genetic screening, innovative fertility preservation techniques.
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Market Segmentation:
The main types of assisted reproductive technology are in-vitro fertilization (IVF), artificial insemination (AI-IUI), frozen embryo replacement (FER), and others. In-vitro fertilisation (IVF) is a complicated operation that involves collecting eggs and fertilising them with sperm in a lab to create embryos. These embryos are subsequently implanted into women's reproductive organs. The different procedure types include fresh non-donor, fresh donor, frozen donor, frozen non donor, embryo or egg banking and is used in hospitals, fertility clinics, others.
Major Driver - Rising Infertility Cases Fuelling The Growth Of Assisted Reproductive Technology Market
The rising number of infertility cases is expected to foster the assisted reproductive technology market in the coming years. Infertility is defined as the failure to become pregnant after a year of frequent and unprotected intercourse. Infertility affects both men and women, and is typically diagnosed by the inability to conceive. Infertility is treated using assisted reproductive technology (ART). Fertility therapies that work with both a woman's egg and a man's sperm are included in this. For instance, in April 2023, according to the World Health Organization (WHO), a Switzerland-based international public health organization, millions of people in the world who are of reproductive age will struggle with infertility, which will also influence their families and communities. Worldwide, it is estimated that 1 in 6 adults or around 17.5% of the global adult population struggle with infertility. Therefore, the rising number of infertility cases drives the growth of the assisted reproductive technology market.
Competitive Landscape:
Major companies operating in the assisted reproductive technology market include 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
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Top Trend - Technological Advancements Driving Innovation In Assisted Reproductive Technology
Technological advancements is a key trend gaining the popularity in the assisted reproductive technology market. Major companies operating in the assisted reproductive technology are focused on developing technological solutions to strengthen their position. For instance, in October 2022, Alife Health, a US-based medical equipment manufacturing company launched Alife Assist platform, a suite of products designed to revolutionize the in-vitro fertilization (IVF) process by harnessing data-driven insights and artificial intelligence (AI) to aid clinical decision-making during key IVF stages and streamline the operations of fertility clinics. This innovative platform, comprised of Stim Assist, Embryo Assist, and Insights, offers comprehensive support to reproductive endocrinologists, embryologists, and clinic administrators, improving medication dosing, embryo grading, and real-time performance monitoring, ultimately enhancing the patient experience and success rates in IVF procedures.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Assisted Reproductive Technology Market Characteristics
3. Assisted Reproductive Technology Market Trends And Strategies
4. Assisted Reproductive Technology Market - Macro Economic Scenario
5. Assisted Reproductive Technology Market Size And Growth
…..
27. Assisted Reproductive Technology Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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