The latest study on the Assisted Reproductive Technology Market industry includes a detailed analysis of the future trends and demands for the forecast period, 2020 - 2032 The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period. The study also includes significant information pertinent to the Assisted Reproductive Technology Market industry, particularly the current COVID-19 scenario. Exhaustive coverage of the COVID-19 impact on the Assisted Reproductive Technology Market industry is a major attraction of the report.
The global Assisted Reproductive Technology (ART) market size is expected to reach USD 54.75 Billion in 2028 and register a revenue CAGR of 9.7% during the forecast period. Assisted Reproductive Technology (ART) market revenue growth is driven by an incline in number of couples and individuals opting for in-vitro fertilization and artificial insemination, among other technologies.
The Assisted Reproductive Technology (ART) market stands as a pivotal sector within the healthcare industry, offering advanced solutions to individuals and couples facing infertility challenges. ART encompasses a diverse range of medical procedures and technologies designed to assist individuals in achieving pregnancy, including in vitro fertilization (IVF), intracytoplasmic sperm injection (ICSI), and gamete intrafallopian transfer (GIFT), among others. With infertility rates on the rise globally due to factors such as age, lifestyle changes, and medical conditions, the ART market plays a crucial role in helping individuals realize their dreams of parenthood.
Drivers of Assisted Reproductive Technology Market
The growth of the ART market is driven by several key drivers. Foremost among these is the increasing prevalence of infertility worldwide, driven by factors such as delayed childbearing, lifestyle changes, and environmental factors. ART provides a lifeline for individuals and couples struggling with infertility, offering a pathway to parenthood through advanced reproductive technologies and procedures. Additionally, advancements in ART techniques, laboratory technologies, and genetic screening technologies have improved success rates and expanded the scope of treatment options available to patients, driving demand for ART services.
Major Companies and Competitive Landscape
The Assisted Reproductive Technology Market is fairly consolidated with a few small and medium-sized market players accounting for majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the market report are:
· Origio
· Cryolab Ltd.
· Bloom IVF Center
· Ferring Pharmaceuticals
· Cosmos Biomedical
· Irvine Scientific
· European Sperm Bank
· Ovascience
· Parallabs
· Microm UK Ltd.
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Key inclusions of the Assisted Reproductive Technology Market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
Covid impact analysis:
The study on the Global Assisted Reproductive Technology Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Assisted Reproductive Technology Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Assisted Reproductive Technology Market industry. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties The Assisted Reproductive Technology Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic.
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Assisted Reproductive Technology Market Segment Analysis
Emergen Research has segmented the global assisted reproductive technology market on the basis of procedure, technology, end-use, and region:
· Procedure Outlook (Revenue, USD Billion; 2018-2028)
o Fresh Donor
o Fresh Non-Donor
o Frozen Donor
o Frozen Non-Donor
o Egg/Embryo Banking
· Technology Outlook (Revenue, USD Billion; 2018-2028)
o In-Vitro Fertilization (IVF)
1. In-Vitro Fertilization (IVF) with Intracytoplasmic Sperm Injection (ICSI)
2. In-Vitro Fertilization (IVF) without Intracytoplasmic Sperm Injection (ICSI)
o Artificial Insemination
o Frozen Embryo Transfer (FET)
o Others
· End-Use Outlook (Revenue, USD Billion; 2018-2028)
o Hospitals
o Fertility Clinics
o Others
Regional Analysis of the Assisted Reproductive Technology Market :
· North America (U.S., Canada)
· Europe (U.K., Italy, Germany, France, Rest of EU)
· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
· Analysis and estimation of the Assisted Reproductive Technology Market size and share for the projected period of 2022-2030
· Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
· Strategic recommendations to help readers formulate lucrative business strategies
· Identification of the emerging players and their tactical approaches to expand market presence
· An extensive study of the product portfolios of the major market players and their regional presence
· Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Assisted Reproductive Technology Market
· Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
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