Assisted Reproductive Technology Market - Forecast(2024 - 2030)
Assisted Reproductive Technology Market Overview
Report Coverage
Key Takeaways
- Geographically, North America Assisted Reproductive Technology Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the growing adoption of ovulation induction and artificial insemination infertility clinics.
- The rise in the demand for cryopreservation and hysterosalpingography procedures is driving the Fertility Clinics segment. However, the high cost of assisted reproductive technology procedures is one of the major factors that is said to reduce the growth of the Assisted Reproductive Technology Market.
- Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Assisted Reproductive Technology Market report.
Assisted Reproductive Technology Market Segment Analysis-By Procedure
The Assisted Reproductive Technology Market based on the Procedure can be further segmented into Fresh Nondonor, Frozen Nondonor, Fresh Donor, and Frozen Donor. The Fresh Nondonor segment held the largest share in 2020 and is also estimated to be the fastest growing segment with a CAGR of 10.4% over the period 2021-2026. This growth is owing to the factors such as rise in the success rate of the procedure in the first attempt and increase in the demand for assisted reproductive technologies, such as cryopreservation and artificial insemination.
The growing number of fresh nondonors banking the eggs or embryos is driving the growth of the Assisted Reproductive Technology Market. The Frozen Non-donor segment held the second largest share in 2020 owing to its cost-effectiveness and also the drug stimulation process is not required for the recipient and is less invasive. Many favorable policies in developed nations also encouraged people to donate their sperm, which is driving the growth of the Assisted Reproductive Technology Market.
Assisted Reproductive Technology Market Segment Analysis-By End User
The Assisted Reproductive Technology Market based on the End User can be further segmented into Hospitals, Fertility Clinics, Clinical Research Institutes, and Others. The Fertility Clinics segment held the largest share in 2020 and is also estimated to be the fastest growing segment with a CAGR of 10.6% over the period 2021-2026. This growth is owing to the factors such as growing demand for ART treatments and rise in the number of fertility clinics in developed nations.
The rise in the adoption of cryopreservation and hysterosalpingography is driving the growth of the Assisted Reproductive Technology Market. The Hospitals segment held the second largest share in 2020 owing to the factors such as low treatment costs and growing adoption of hospital-based environment for the treatment of In-vitro fertilization (IVF) and intrauterine insemination (IUI).
Assisted Reproductive Technology Market Segment Analysis-By Geography
Assisted Reproductive Technology Market Drivers
Rise in the Adoption of Ovulation Induction and Artificial Insemination in Developed Nations.
Increase in the Median Age of First-Time Motherhood.
Assisted Reproductive Technology Market Challenges
High Cost of Assisted Reproductive Technology.
Assisted Reproductive Technology Market Competitive Landscape:
Acquisitions/Product Launches:
- In September 2019, FUJIFILM Irvine Scientific Inc, a world leader in the development and manufacture of Assisted Reproductive Technologies (ART) has launched Kit-NX to vitrify embryos in a consistent and stable environment to achieve high pregnancy rates.
- In February 2019, Merck has launched fertility technologies, such as Geri, Gavi, and Gems to be made to IVF clinics and hospitals. These technologies help in reducing external stresses on the embryos of patients undergoing fertility treatment.
- In January 2019, Ferring Pharmaceuticals has acquired the generic version of Ganirelix Acetate Injection from Sun Pharmaceutical Industries Ltd to expertise in the field of assisted reproductive technologies (ART) and to expand their service offerings to include various procedures.
Relevant Reports
LIST OF TABLES
1.Global Competitive Landscape Market 2023-2030 ($M)2.Global Competitive Landscape Market 2023-2030 (Volume/Units)
3.North America Competitive Landscape Market 2023-2030 ($M)
4.South America Competitive Landscape Market 2023-2030 ($M)
5.Europe Competitive Landscape Market 2023-2030 ($M)
6.APAC Competitive Landscape Market 2023-2030 ($M)
7.MENA Competitive Landscape Market 2023-2030 ($M)
LIST OF FIGURES
1.US Assisted Reproductive Technology Market Revenue, 2023-2030 ($M)2.Canada Assisted Reproductive Technology Market Revenue, 2023-2030 ($M)
3.Mexico Assisted Reproductive Technology Market Revenue, 2023-2030 ($M)
4.Brazil Assisted Reproductive Technology Market Revenue, 2023-2030 ($M)
5.Argentina Assisted Reproductive Technology Market Revenue, 2023-2030 ($M)
6.Peru Assisted Reproductive Technology Market Revenue, 2023-2030 ($M)
7.Colombia Assisted Reproductive Technology Market Revenue, 2023-2030 ($M)
8.Chile Assisted Reproductive Technology Market Revenue, 2023-2030 ($M)
9.Rest of South America Assisted Reproductive Technology Market Revenue, 2023-2030 ($M)
10.UK Assisted Reproductive Technology Market Revenue, 2023-2030 ($M)
11.Germany Assisted Reproductive Technology Market Revenue, 2023-2030 ($M)
12.France Assisted Reproductive Technology Market Revenue, 2023-2030 ($M)
13.Italy Assisted Reproductive Technology Market Revenue, 2023-2030 ($M)
14.Spain Assisted Reproductive Technology Market Revenue, 2023-2030 ($M)
15.Rest of Europe Assisted Reproductive Technology Market Revenue, 2023-2030 ($M)
16.China Assisted Reproductive Technology Market Revenue, 2023-2030 ($M)
17.India Assisted Reproductive Technology Market Revenue, 2023-2030 ($M)
18.Japan Assisted Reproductive Technology Market Revenue, 2023-2030 ($M)
19.South Korea Assisted Reproductive Technology Market Revenue, 2023-2030 ($M)
20.South Africa Assisted Reproductive Technology Market Revenue, 2023-2030 ($M)
21.North America Assisted Reproductive Technology By Application
22.South America Assisted Reproductive Technology By Application
23.Europe Assisted Reproductive Technology By Application
24.APAC Assisted Reproductive Technology By Application
25.MENA Assisted Reproductive Technology By Application