Rising Infertility Cases Position Assisted Reproductive Technology Market to Expand by 1.4x

In-Vitro Fertilization (IVF) to Remain a Standard Assisted Reproductive Technology Procedure

The latest research report by Fact.MR on assisted reproductive technology market is intended to offer reliable data on various key factors shaping the growth curve and outlook of the market. It uncovers various trends and opportunities affecting the demand across leading segments including procedure, technology, end user, and region.

Fact.MR – A Market Research and Competitive Intelligence Provider: As per latest Fact.MR analysis, the global assisted reproductive technology (ART) market demand is slated to increase by 1.4x over the forecast period. With rising infertility cases across the globe, sales of assisted reproductive technology are expected to surge at 6.3% CAGR through 2021 & beyond.

Robust expansion of assisted reproductive technology is also driven by rising prevalence of polycystic ovarian syndrome (PCOS), growing health awareness among people, and advancement in reproductive technology.

Assisted reproductive technology is a technology used to treat infertility by means of procedures such as in-vitro fertilization, artificial insemination, and surrogacy. Additionally, as per World Health Organization (WHO) statistics, around 48 million couples and 186 million individuals live with infertility across the globe. To reduce this global burden, people are opting for assisted reproductive technology procedures.

Consecutively, rising number of fertility clinics and increasing government initiatives to spread awareness is expected to significantly expand the ART market during the forecast period.

In terms of technology, in-vitro fertilization is expected to be the most preferred procedure for infertility on account of its higher success rate. In recent years, modified versions of IVF such as gamete intrafallopian transfer (GIFT) and zygote intrafallopian transfer (ZIFT) have gained immense popularity among patients.

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“With growing infertility cases across India, China, and Japan, need for fertility clinics has burgeoned across South and East Asia. Against this backdrop, ART market players are eyeing the South Asia and East Asia market to increase their revenues and expand customer base through strategic collaborations” says a Fact.MR analyst

Key Takeaways from Assisted Reproductive Technology Market Survey

• Europe is expected to dominate the assisted reproductive technology market on account of increasing infertility rate and surging demand for ART treatment across the U.K.
• With high acceptance of ART, the U.S. is estimated to be the most lucrative market for assisted reproductive technology
• China and India are poised to exhibit strong growth due to rising awareness among people, favorable government support, and increasing penetration of fertility clinics.
• Based on end user, fertility clinics segment is projected to contribute more than US$ 16.8 Bn in 2021.

Key Drivers

• Growing awareness among people coupled with increasing government initiatives to tackle infertility burden is favoring the growth of ART market.
• Higher success rate of ART procedures is expected to create conducive environment for the growth in the market.
• Technological advancements and product launches in reproductive technology will continue to support the growth in the market.
• Increasing number of fertility clinics along with establishment of sperm banks across developing regions is creating lucrative growth avenues within ART market.

Key Restraints

• High cost associated with assisted reproductive technology is restraining the growth of the market.

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Competitive Landscape

Leading players operating in the assisted reproductive technology market are focusing on expanding their global footprint. They have adopted various growth strategies such as mergers, partnerships, advanced product launches & approvals and acquisitions to dominate the market.

• In November 2021, CooperSurgical, Inc. signed a definitive purchase agreement to acquire Generate Life Science, a privately held, leading provider of donor egg and sperm for fertility treatments, fertility cryopreservation services and newborn stem cell storage, for around US$ 1.6 Bn. The acquisition will enhance CooperSurgical’s offering in both fertility solution and labor & delivery.
• In July 2018, Merck, a leading science and technology company, launched QBOX IVF and the new Geri Assess 2.0, in its continued drive to serve the needs of its customers and to become the preferred treatment partner for all IVF stakeholders and assisted reproductive treatment clinics.
• In July 2021, Hamilton Thorne Ltd., a leading provider of precision instruments, consumables, software and services to the assisted reproductive technologies (ART) research, and cell biology markets, completed the acquisition of IVFTECH ApS and its affiliated reseller arm, K4 Technology ApS.
• In July Vitrolife AB completed the acquisition of Igenomix S.L. the acquisition will help the company to expand its portfolio and provide its customers better service.

Some of the prominent players operating in the assisted reproductive technology market profiled by Fact.MR are:

• Merck KGaA
• Esco Micro Pte. Ltd.
• CooperSurgical, Inc.
• Planer PLC
• Vitrolife AB
• Laboratoire CCD
• Hamilton Thorne, Inc.
• Irvine Scientific
• Nikon Corporation
• Nidacon International AB

More Insights on the Global Assisted Reproductive Technology Sales Outlook

Fact.MR provides an unbiased analysis of assisted reproductive technology market, presenting historical demand data (2014-2019) and forecast statistics for the period from 2020-2025. The study divulges compelling insights on the global demand for assisted reproductive technology with a detailed segmentation on the basis of:

Procedure

• Frozen Donor
• Frozen Non-donor
• Fresh Donor
• Fresh Non-donor
• Embryo Banking

Technology

• In-vitro Fertilization

                     Intra-cytoplasmic Sperm Injection (ICSI)

                     Preimplantation Genetic Diagnosis (PGD)

• Surrogacy
• Artificial Insemination

                    Intrauterine Insemination (IUI)

                    Intracervical Insemination (ICI)

                    Others

• Others

End User

• Fertility Clinics
• Hospital
• Others

Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Key Questions Covered in the Assisted Reproductive Technology Market Outlook Report

• The report offers insight into assisted reproductive technology demand outlook for 2020-2025
• The market study also highlights projected sales growth for assisted reproductive technology market between 2020 and 2025
• Assisted reproductive technology market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Assisted reproductive technology market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

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