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Assisted Reproductive Technology Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2029

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Global Assisted Reproductive Technology Market to value over USD 46 billion by 2029 end and register a CAGR of over 9.5% from 2019 to 2029. An increasing number of cases of infertility across the world will stimulate global assisted reproductive tec
Assisted Reproductive Technology Market Global Trends, Market Share, Industry
Size, Growth, Opportunities, and Market Forecast 2019 to 2029
Global Assisted Reproductive Technology Market to value over USD 46 billion by
2029 end and register a CAGR of over 9.5% from 2019 to 2029.
An increasing number of cases of infertility across the world will stimulate global
assisted reproductive technology (ART) market over the forthcoming years. In
accordance with the International Journal of Reproduction, about 15% of couples
worldwide suffer from infertility accounting for 60-80 million couples facing the issue
annually. Ageing along with several risk factors such as smoking, drugs, and alcohol
abuse will considerably increase the incidence rate of infertility over the coming
years, which should accelerate demand for assisted reproductive technology.
Rising awareness about assisted reproductive technology will positively impact ART
market growth in upcoming years. Growing initiatives and implementation of
programs for awareness about infertility and its treatment across emerging countries
such as India and South Africa will pose a high impacting factor for ART market
growth over the forecast period. For instance, ASPIRE, the Asia Pacific Initiative on
Reproduction, works for raising awareness about ART throughout the region. Such
initiatives coupled with rising infertility across the region will escalate the adoption
rate of ART in the projected period.
However, the high cost of ART procedure is estimated to be negatively impacting
factor for assisted reproductive industry growth. In addition, the presence of social
and ethical concerns in several emerging countries can hinder the adoption of ART in
the forthcoming period.
According to the WHO, the fertility rate per woman has reduced from 5 in 1960 to
2.5 in 2012. Such a decline in fertility rates has given rise to rapid growth in demand
for ART procedures. Growing stress levels is also identified as a key driving factor for
the industry.
Technological advancements are one of the contributing factors for the market
growth. In 2018, VitriCell SA announced the closure of USD 1.2 million. These funds
are expected to enable the company to introduce products based on aseptic
vitrification (new cell cryopreservation technique). This is expected to have a positive
impact on the ART market in the coming years.
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Market Segmentation:
1. By Procedure
● Fresh donor
● Fresh Non-donor
● Frozen Donor
● Frozen Nondonor
● Embryo/Egg Banking
2. By Technology
● In-vitro fertilization (IVF)
● Artificial Insemination - Intrauterine Insemination (AI-IUI)
● Frozen Embryo Replacement (FER)
● Others
3. By End-use
● Hospitals
● Fertility clinics
● Others
4. By Region
● North America
● Europe
● Asia Pacific
● Latin America
● MEA
Europe dominated the market due to the rise in infertility rate, rising awareness
among people for fertility treatment, technological advancements and government
initiatives. In 2014, CDC developed a national public health action plan for detection,
improved efficacy of safe treatment, and prevention of infertility. The Barcelona
summit suggested the establishment of an expert group to solve demographic issues,
increase the childcare facilities and acceptance of parent IVF procedure for clinical
trials.
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Competitive Landscape:
● Tier 1 players- established companies in the market with a major market share
● Tier 2 players
● Emerging players which are growing rapidly
● New Entrants
Company Present in the market
● Thermo Fisher Scientific, Inc.
● Genea Limited
● Cook Medical
● Nidacon International AB
● OvaScience Inc.
● Vitro Life
● Cooper Surgical Inc.
● Merck
● IVFtech ApS
● Irvine scientific
● Hamilton Thorne
FutureWise Takeaways
● Growth prospects
● SWOT analysis
● Key trends
● Key data points affecting market growth
Objectives of the Study:
● To provide an exhaustive analysis on the global assisted reproductive technology
market by procedure, by technology, and by region
● To cater comprehensive information on factors impacting market growth
(drivers, restraints, opportunities, and industry-specific restraints)
● To evaluate and forecast micro-markets and the overall market
● To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and the rest of the world
● To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
● Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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