The global assisted reproductive technology market size was exhibited at USD 26.34 billion in 2022 and is projected to be worth around USD 66.77 billion by 2032 with an increasing CAGR of 9.8% during the forecast period 2023 to 2032.
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Assisted reproductive technology is carried out in medical centers. With the increased growth of infertility and enhance assisted reproductive technology. Assisted reproductive technology is fertility treatment. Which involved medical treatment, for example, in-vitro fertilization (IVF), intracytoplasmic sperm injection (ICSI), cryopreservation of gametes or embryos, or fertility treatment including medications for gaining fertility. Assisted reproductive technology is majorly involved in reproductive endocrinology and infertility.
Assisted reproductive technology is also involved in surrogacy treatment but cannot be used in every surrogacy treatment. Infertility issues can be solved using assisted reproductive technology with the conventional method of treating infertility with enhanced sterility. The advanced technologies developed in the market for treating infertility problems with increasing research and development help to grow the market of assisted reproductive technology with an enhanced growth rate during the forecast period.
Impact of Covid-19 on assisted reproductive technology with a negative effect on the market with reduced patients visiting the health care centres at a reduced market rate due to fewer demands. Post-pandemic impact of covid-19 on the assisted reproductive technology market with enhanced growth rate and enhanced consultation and treatment involved in infertility helps to boost the market of assisted reproductive technology.
Scope of the Assisted Reproductive Technology Market
|Market Size in 2023||USD 28.79 Billion|
|Market Size by 2032||USD 66.77 Billion|
|Growth Rate from 2023 to 2032||CAGR of 9.8%|
|Forecast Period||2023 to 2032|
Enhance the growth of assisted reproductive technology with increasing rates of infertility rate due to Sexually Transmitted Infections, increased smoking, increasing obesity, endometriosis, Polycystic Ovary Syndrome, Primary Ovary Insufficiency, and others. With the increase in demands from the customer to gain fertility from various technology developed and to drive the market of assisted reproductive technology.
The rise in acceptance of the developed technology by the market enhances the efficiency of the treatment or medication involved in treating infertility problems. Developed technologies such as Preimplantation Genetic Testing, Magnetic Activates Cell Sorting, and many more. Increasing awareness regarding the advance developed technology in infertility treatment help to propel the market of assisted reproductive technology with an enhanced growth rate during the forecast period.
The number of an organization participating in an increased number of treatments involved for treating infertility may help to boost the market of assisted reproductive technology. Government support for increasing the advanced technologies in assisted reproductive technology with increased integration of the technologies in the health care sector with enhanced developed technology help to grow the market of assisted reproductive technology. Increased government investment from various regions helps to grow the market with increased revenue share.
Key Market Drivers
Key Market Challenges
The increased cost of assisted reproductive technology
Lack of skill among the people
The increasing availability of options
Key Market Opportunities
Emerging regions with enhanced development
Increased support from the government
On the basis of product segmentation of assisted reproductive technology, the accessory & disposable market with largest market share with increasing demands from the medical center for the developed technologies in infertility problems. Increasing infertility prevalence among women and enhanced demands for fertilization techniques developed.
Increasing the number of screening of the sperms, analysis, and gametes handling techniques with an increasing number of treatments and enhancing the technologies with new techniques and help to drive the market of assisted reproductive technology. Reagents and media also with significant growth of the technology with enhanced demands for embryo transfer and increasing In Vitro Fertilization and enhance the market growth.
On the basis of technology in segmentation of the assisted reproductive technology, In - Vitro Fertilization accounts for the largest market growth in assisted reproductive technology. This helps to enhance the market rate with increasing demands from the medical sector for new technologies with increasing efficiency of the treatment and solving the infertility problem and enhance the fertility rate among the women with various medications and treatments developed in the assisted reproductive technology.
Moreover, artificial insemination also with the highest market growth with increasing CAGR and improving infrastructure may extend the market to a larger extent during the forecast period.
On the basis of end-user in segmentation of the assisted reproductive technology, the fertility clinic segment account for the fastest growing segment with the increasing prevalence of infertility disorder among women due to changing lifestyle, changing dietary intake, increased obesity, lack of exercise may be led to increase infertility and enhance demands for the treatment and medications for increasing the fertility with increasing the efficiency of the treatment.
The surgical center also growing with increasing demands and growing the market growth rate of assisted reproductive technology to a larger extent during the forecast period.
Assisted Reproductive Technology Market Share, By Region, 2022 (%)
|Regions||Revenue Share in 2022 (%)|
On the basis of geography in segmentation of the assisted reproductive technology, the Asia Pacific region dominates the market of assisted reproductive technology with increased developments and increase in research and development with enhanced investment from the government with increased technologies and infrastructure in the health care sectors. Increasing disposable with enhanced utilization of the health care center due to infertility problems rising among women.
Europe also with significant growth in assisted reproductive technology with increasing interest from the market players in developing technologies for treating infertility. North America, the Middle East, and Africa in the process to contribute for increasing the growth rate of assisted reproductive technology during the forecast period.
Key Market Players Insights
The key market players involved in the introduction of the newly developed technology in assisted reproductive technology with increasing efficiency of the treatment help to rise the market with increasing demands from patients with enhanced infertility. A large number of investments done by the key market players for introducing new technology and constant research and development in assisted reproductive technology. Which accelerates the market of assisted reproductive technology with a rising rate during the forecast period.
Some of the prominent players in the assisted reproductive technology market include:
Segments Covered in the Report
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