Assisted Reproductive Technology (Art) Market, By Procedure (Donor, Nondonor, Frozen Donor, Frozen Nondonor, Embryo/Egg Banking), By Technology (In-vitro Fertilization, IVF with Intracytoplasmic Sperm Injection, IVF without ICSI, Artificial Insemination - Intrauterine Insemination, Frozen Embryo Replacement, Others), By Product (Younger Than Age 35, Older Than Age 35), By End Use (Hospitals, Fertility Clinics, Others), By Region - Global Analysis Forecast Till 2030

The Assisted Reproductive Technology (Art) Market is predicted to grow at a compound annual growth rate (CAGR) of 7.15%during the forecast period, reaching USD 24.5 billion in 2021.

The techniques used to treat infertility are referred to as assisted reproductive technologies, also known as assisted reproductive treatment. Depending on the cause of infertility, these treatments cover a wide range of procedures. In-vitro fertilisation (IVF), artificial insemination (AI-IUI), frozen embryo transfers (FET), and gamete intrafallopian transfer are all common treatments for such conditions (GIFT). Assisted reproductive technologies involve procedures that involve both eggs and embryos and do not consist of a pill-only therapy.

Artificial insemination, as a form of assisted reproductive technology (ART), has revolutionized the field of reproductive medicine. This new and innovative technique enables individuals and couples struggling with fertility issues to conceive and start a family. ART, including artificial insemination, offers hope to those facing difficulties in conceiving naturally, providing them with an array of reproductive options. The advancements in assisted reproductive technology have opened up possibilities and brought joy to countless individuals, making parenthood a reality for many who would otherwise have been unable to experience it.

Market Dynamics

Drivers:

During the forecast period, the growing number of single parents, as well as increased awareness of same-sex marriages and assisted reproductive technologies, will play a significant role in the growth of the assisted reproductive technology (Art) market. According to the Human Rights Campaign (HRC) Foundation's 2022 update, same-sex marriage is legal in a number of countries, with the number increasing to 32 in 2022, and parliamentary or court actions are underway in a number of countries, with this number expected to rise further. Demand for ART techniques is expected to rise significantly as a result of the increase in same-sex marriages, boosting assisted reproductive technology (Art) market growth.

Restraints:

During the forecast period, the assisted reproductive technology (ART) market will be hampered by rising medical procedure costs and ethical concerns, as well as the risk of prematurity associated with assisted reproductive technologies and a lower success rate.

Key players:

• Cosmos Biomedical Ltd.

• Microm U.K. Ltd.

• CooperSurgical, Inc.

• FUJIFILM Irvine Scientific

• Cryolab Ltd.

• Vitrolife AB

• European Sperm Bank

• Bloom IVF Centre

• Merck KGaA

• Ferring B.V.

Market Segmentation:

Assisted Reproductive Technology (Art) Market, By Procedure

• Donor

• Nondonor

• Frozen Donor

• Frozen Nondonor

• Embryo/Egg Banking

Assisted Reproductive Technology (Art) Market, By Technology

• In-vitro Fertilization

• IVF with Intracytoplasmic Sperm Injection

• IVF without ICSI 

• Artificial Insemination - Intrauterine Insemination

• Frozen Embryo Replacement

• Others

 Assisted Reproductive Technology (Art) Market, By Product Type

• Women Younger Than Age 35

• Women Older Than Age 35

 Assisted Reproductive Technology (Art) Market, By End Use

• Hospitals

• Fertility Clinics

• Others

Assisted Reproductive Technology (Art) Market, By Region

• North America

• Latin America

• Europe

• Asia Pacific

• Middle East & Africa

Regional Analysis:

North America dominates the supported Assisted Reproductive Technology (Art) Market. Because of late family planning and lower treatment costs, Asia- Pacific is anticipated to grow at the fastest rate during the cast period of 2023 to 2030.  The country section of the report also includes individual request-impacting factors and changes in regulation in the request that affect current and unborn request trends.

Downstream and upstream value chain analysis, specialized trends and gatekeeper's five forces analysis, and case studies are some of the data points used to read the request script for individual countries. Also, the presence and vacuity of global brands, as well as the challenges they face due to large or scarce competition from original and domestic brands, are taken into account when furnishing cast analysis of country data.

Scope of the Report:

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