Assisted Reproductive Technology Market Company Profiles, Demand, Key Discoveries, Income & Operating Profit 2029

Published: 2024-06-09
Views: 142
Author: Shitalmax
Published in: Business

The Assisted Reproductive Technology (ART) market is projected to witness substantial growth in the coming years, with estimates suggesting it will reach a market size of US$ 59.64 billion by the year 2029, growing at a compound annual growth rate (CAGR) of 9.8% during the forecast period. This growth is driven by increasing infertility rates globally and advancements in reproductive technologies.

Assisted Reproductive Technology Market Overview

Assisted Reproductive Technology (ART) encompasses various techniques used to achieve pregnancy through artificial means. The most common ART procedure is in vitro fertilization (IVF), where eggs are surgically retrieved from a woman's ovaries and fertilized with sperm in a laboratory dish. The resulting embryos are then transferred back into the woman's uterus or donated to another woman. ART techniques are employed to overcome infertility issues while maintaining genetic connections.

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Report Scope

The report on the Assisted Reproductive Technology market covers an in-depth analysis of the current market trends, key drivers, challenges, and opportunities shaping the industry landscape. It provides insights into various ART techniques, market segments, and regional dynamics influencing market growth.

Research Methodology

The research methodology employed for this report includes a comprehensive analysis of primary and secondary sources. Primary research involved interviews with industry experts, healthcare professionals, and stakeholders across the value chain. Secondary research included company annual reports, press releases, investor presentations, and reliable databases.

Drivers of Assisted Reproductive Technology Market Growth

Several factors are driving the growth of the Assisted Reproductive Technology market. These include:

1. Increasing Infertility Rates: Growing infertility rates due to lifestyle changes, delayed pregnancies, and environmental factors are boosting the demand for ART services.

2. Technological Advancements: Continuous advancements in reproductive technologies such as embryo freezing, preimplantation genetic testing (PGT), and mitochondrial transfer are expanding the scope and efficacy of ART procedures.

3. Rising Awareness and Acceptance: Increasing awareness about available treatment options and a growing acceptance of ART among couples seeking fertility solutions are driving market growth.

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Segmentation Insights

by Technology

In Vitro-fertilization (IVF)
Artificial Insemination (AI-IUI)
Frozen Embryo Replacement (FER)
Others

by End User

Hospitals
Fertility Clinics
Others

Regional Insights

• North America: Dominates the ART market due to advanced healthcare infrastructure, high adoption rates of ART procedures, and supportive reimbursement policies.

• Europe: Significant market share attributed to favorable government initiatives, increasing infertility rates, and advancements in reproductive technologies.

• Asia Pacific: Fastest-growing region driven by rising disposable incomes, changing lifestyles, and improving healthcare facilities in countries like China and India.

• Latin America and Middle East & Africa: Emerging markets with increasing awareness and accessibility to ART treatments, contributing to market growth.

Assisted Reproductive Technology Market Key Players

1. California Cryobank
2. Bloom IVF Centre
3. Parallabs
4. OvaScience
5. Anecova
6. Origio
7. Microm Ltd.
8. Merck KGaA
9. Cooper Surgical, Inc
10. Ferring Pharmaceuticals
11. Cosmos Biomedical Limited
12. Cryolab Ltd.
13. European Sperm Bank
14. Irvine Scientific

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Key questions answered in the Assisted Reproductive Technology Market are:

• What is Assisted Reproductive Technology?
• What are the factors driving the Assisted Reproductive Technology Market growth?
• What are the factors are limiting the Assisted Reproductive Technology Market growth?
• Which trends are expected to generate additional revenue for the Assisted Reproductive Technology market growth?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Assisted Reproductive Technology Market?
• What growth strategies are the players considering to increase their foothold in the Assisted Reproductive Technology Market?
• Who held the largest market share in the Assisted Reproductive Technology Market?

Key Offerings:

• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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