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Rising Infertility Cases Fuelling The Growth Of Assisted Reproductive Technology Market: Transformative Forces Shaping the Assisted Reproductive Technology Market Landscape in 2025
Assisted Reproductive Technology
What Will the Assisted Reproductive Technology Industry Market Size Be by 2025?
The market size of assisted reproductive technology has shown considerable growth in the past few years. The market value is predicted to rise from $34.35 billion in 2024 to $37.21 billion in 2025, with a compound annual growth rate (CAGR) of 8.3%. The historical growth can be attributed to factors such as higher instances of infertility, evolving societal norms, increased awareness, supportive legislation, and an aging demographic.
What's the Long-Term Growth Forecast for the Assisted Reproductive Technology Market Size Through 2029?
The market size for assisted reproductive technology is projected to witness substantial expansion in the upcoming years, escalating to $52.84 billion in 2029 with a compound annual growth rate (CAGR) of 9.2%. The anticipated growth during the forecasted period can be credited to factors such as the rise in maternal age, growing demand for same-sex parenting, increase in medical tourism, improvement of healthcare infrastructure, along with research and development activities. Notable trends during the predicted period encompass the application of artificial intelligence (AI), adoption of egg freezing, single-embryo transfer (SET), PGT-A and genetic screening, coupled with advanced fertility preservation methods.
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What Are the Key Growth Drivers Fueling the Assisted Reproductive Technology Market Expansion?
The anticipated increase in infertility instances is foreseen to promote the growth of the assisted reproductive technology market in the future. Infertility is characterized as the inability to conceive after a year of regular, unprotected sexual activity. Both men and women can be affected by infertility, and it is frequently identified by the inability to conceive. Assisted reproductive technology (ART) is used to treat infertility and includes fertility treatments that involve both a woman's egg and a man's sperm. For instance, the World Health Organization (WHO), a Switzerland-based global public health organization, forecasted in April 2023 that countless people of reproductive age worldwide would face infertility issues, affecting not only individuals but also their families and larger communities. Globally, about 1 in 6 adults or approximately 17.5% of the world's adult population wrestles with infertility. Consequently, the increasing instances of infertility cases propel the expansion of the assisted reproductive technology market.
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What Are the Key Trends Driving Assisted Reproductive Technology Market Growth?
In the assisted reproductive technology market, technological innovations are becoming a notable trend that is gaining widespread recognition. To solidify their market position, predominant companies in the field are channeling their energies into creating technological solutions. Alife Health, an American medical equipment producer, for example, introduced the Alife Assist platform in October 2022. This revolutionary platform, fueled by insightful data and artificial intelligence, is composed of different products geared to reinvent the in-vitro fertilization (IVF) process and provide vital support during crucial stages. It optimizes the functionality of fertility clinics by aiding clinical decisions throughout the IVF stages. Innovative solutions like Stim Assist, Embryo Assist, and Insights are part of this platform, providing integral support to embryologists, reproductive endocrinologists, and clinic administrators. These tools assist in enhancing medication dosing, embryo grading, and real-time performance evaluation, which ultimately contributes to enhancing the patient experience and the success rates tied to IVF procedures.
How Is the Assisted Reproductive Technology Market Segmented?
The assisted reproductive technology market covered in this report is segmented -
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
Subsegments:
1) By Ovulation Testing: Urine Ovulation Predictor Kits, Saliva Ovulation Test Kits
2) By Hysterosalpingography (HSG): X-ray HSG, Sonohysterography (SHG)
3) By Ovarian Reserve Testing: Follicle Stimulating Hormone (FSH) Testing, Anti-Müllerian Hormone (AMH) Testing, Antral Follicle Count (AFC) via Ultrasound
4) By Genetic Testing: Preimplantation Genetic Testing (PGT), Carrier Screening Tests, Genetic Compatibility Testing
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Which Companies Are Leading the Charge in Assisted Reproductive Technology Market Innovation?
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
Which Regions Are Leading the Global Assisted Reproductive Technology Market in Revenue?
Europe was the largest region in the assisted reproductive technology market in 2024. North America was the second-largest region in assisted reproductive technology market. The regions covered in the assisted reproductive technology market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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