Assisted Reproductive Technology Market is expected to hit USD 54.75 Billion by 2028 With a CAGR of 9.7% – Says Emergen Research

The global assisted reproductive technology market size is expected to reach USD 54.75 Billion at a steady revenue CAGR of 9.7% in 2028, according to latest analysis by Emergen Research. Assisted Reproductive Technology (ART) market revenue growth is driven by increasing popularity of In-Vitro Fertilization (IVF) (with or without Intracytoplasmic Sperm Injection (ICSI)) and artificial insemination, among other technologies.

Infertility is a multi-faceted issue involving social, cultural, and economic implications, which may reach threatening extents in countries reporting lower fertility rates. According to statistics published by WHO, around 48 million couples and 186 million individuals live with infertility globally. Growing incidence of ovulation problems with irregular or no periods is a common cause of infertility in women. Increased awareness pertaining to various fertility treatments among younger generation and more women opting for such fertility treatments is driving growth of the market.

There is a higher prevalence of infertility among the male population across the globe. Rising stress levels, shift towards sedentary lifestyle, and increasing incidence of obesity is resulting in fertility issues, which is propelling growth of the assisted reproductive technology market. A significant cause of infertility among the global population is Sexually Transmitted Diseases (STDs), predominantly gonorrhea, and chlamydia. These diseases can cause damage or scarring of the fallopian tubes in women and blockage and scarring of the reproductive structures (e.g., ejaculatory ducts), resulting in infertility.

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Key Companies Assisted Reproductive Technology Market participants include  Origio, Cryolab Ltd., Bloom IVF Center, Ferring Pharmaceuticals, Cosmos Biomedical, Irvine Scientific, European Sperm Bank, Ovascience, Parallabs, and Microm UK Ltd.

Research Methodology

Emergen Research follows a cohesive methodology to reduce the residual errors to a minimum level by refining the scope, validating through primary insights, and nurturing the in-house database on a regular basis. A dynamic model is formulated to capture the regular fluctuations in the market and thereby, being updated with any shifts in the market dynamics. The parameters and variables involved in the research vary depending on individual markets and most importantly, both demand and supply side information is included in the model to identify the market gap.

𝐕𝐀𝐋𝐔𝐄 𝐏𝐑𝐎𝐏𝐎𝐒𝐈𝐓𝐈𝐎𝐍𝐒 𝐑𝐄𝐋𝐀𝐓𝐄𝐃 𝐓𝐎 𝐓𝐇𝐄 𝐑𝐄𝐏𝐎𝐑𝐓:

• Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
• Comprehensive quantitative and qualitative insights at segment and sub-segment level
• Covid 19 impact trends and perspective
• Granular insights at global/regional/country level
• Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
• Blanket coverage on competitive landscape
• Winning imperatives
• Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market

 Some Key Findings from the Report:

·       Frozen non-donor segment revenue is expected to register a significantly rapid growth rate during the forecast period due to their established reliability and a higher success rate for pregnancy. The procedure cost is lower as compared to cycles that use fresh embryos and eggs. A frozen transfer is much simpler for both reproductive endocrinologist and patient. This procedure is also less mentally and physically stressful on a women’s body.

·       Artificial insemination segment accounted for a significantly large revenue share in 2020 as it does not require removal of eggs from the body, and hence the procedure is far less invasive for women who are planning to conceive. In this treatment, sperm is directly placed in the uterus or cervix for achieving pregnancy. Also, the process is more cost-effective compared to IVF, as it does not require egg extraction/laboratory monitoring.

·       Hospital segment accounted for a significantly robust revenue share in 2020. Factors such as well-resourced operating & surgical rooms, presence of highly skilled healthcare professionals, and enhanced health coverage for healthcare services from various plans for private and group insurance are factors driving provision of assisted reproductive technology in hospitals. However, a decreased adoption of latest and innovative up-gradation can result in a lower revenue share.

·       Growth of Europe assisted reproductive technology market revenue share is led by contribution from France, Germany, and the UK respectively. This can be attributed to growing novelties in clinical practice and improved fertility treatment access in countries in the region. Furthermore, the region is the first to remove the ‘experimental’ tag on cryopreservation of eggs. The choice to get pregnant after 30 years of age or later by European women is creating steady demand for assisted reproductive technologies.

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 The  Assisted Reproductive Technology Market research study of historical, current, and forecast estimations for each sector, segment, sub-segment, and regions. The new report is updated with the impact of the COVID-19 pandemic on the Assisted Reproductive Technology Market .

Assisted Reproductive Technology Market Segmentation :

Emergen Research has conducted a comprehensive segmentation of the global assisted reproductive technology market based on four key factors: procedure, technology, end-use, and region.

The market has been segmented based on the procedure employed in assisted reproductive technology. This includes Fresh Donor, Fresh Non-Donor, Frozen Donor, Frozen Non-Donor, and Egg/Embryo Banking. These categories represent different approaches and methods used in assisted reproductive procedures. The revenue for each procedure category is measured in USD billion and covers the period from 2018 to 2028.

Furthermore, the market is categorized by technology, which includes In-Vitro Fertilization (IVF), In-Vitro Fertilization (IVF) with Intracytoplasmic Sperm Injection (ICSI), In-Vitro Fertilization (IVF) without Intracytoplasmic Sperm Injection (ICSI), Artificial Insemination, Frozen Embryo Transfer (FET), and Others. These technology categories highlight the diverse techniques and processes involved in assisted reproductive procedures.

The market is also segmented based on end-use, including Hospitals, Fertility Clinics, and Others. This categorization reflects the different healthcare facilities and settings where assisted reproductive technology is practiced.

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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

• United States
• Europe
•  China
• japan
• Southeast Asia
• India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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What market dynamics does this report cover?

• Current market size
• Market forecast
• Market opportunities
• Key drivers and restraints
• Regulatory scenario
• Industry trend
• New product approvals/launch
• Promotion and marketing initiatives
• Pricing analysis 
• Competitive landscape

Table of Content

Chapter 1. Methodology & Sources

   1.1. Market Definition

   1.2. Research Scope

   1.3. Methodology

   1.4. Research Sources

         1.4.1. Primary

         1.4.2. Secondary

         1.4.3. Paid Sources

   1.5. Market Estimation Technique

Chapter 2. Executive Summary

   2.1. Summary Snapshot, 2020-2028

Chapter 3. Key Insights

Chapter 4. Assisted Reproductive Technology Market Segmentation & Impact Analysis

   4.1. Assisted Reproductive Technology Market Material Segmentation Analysis

   4.2. Industrial Outlook

         4.2.1. Market indicators analysis

         4.2.2. Market drivers analysis

                   4.2.2.1. Growing prevalence of ovulation problem

                   4.2.2.2. Growing awareness and social adoption of assisted reproductive technology

                   4.2.2.3. Surge in infertility rate

                   4.2.2.4. Rising number of single women

         4.2.3. Market restraints analysis

                   4.2.3.1. Stringent regulatory norms

   4.3. Technological Insights

   4.4. Regulatory Framework

   4.5. Porter’s Five Forces Analysis

   4.6. Competitive Metric Space Analysis

   4.7. Price trend Analysis

   4.8. Covid-19 Impact Analysis

Continue ….

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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