Global Assisted Reproductive Technology Market
Market Overview
Assisted Reproductive Technology ART is the umbrella term for the treatments that are performed to help achieve pregnancy. Clinics in Argentina, Cyprus, Czech Republic, Greece, India, South Africa, Spain, Thailand and the United States are increasing egg donation services to cope with foreign demand, in addition last year 1,02,000 plus egg donation cycles were made globally. IVF clinics in Australia and New Zealand accounted for 4%of all cycles while more than 1/3rd of all egg donation cycles occurred in Europe while in Africa and South America, they accounted for a quarter of all IVF business.
PMR analyst forecast the Assisted Reproductive Technology Market size is set to reach USD 20 billion by 2024, at a CAGR of 6.5% over the forecast years.
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Covered In This Global Assisted Reproductive Technology Market Report
The report covers the present ground scenario and the future growth prospects of the Assisted Reproductive Technology Market for 2016-2024 along with the statistics of infertility cases worldwide and adoption rate of assisted reproductive technology in various regions. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe.
Global Assisted Reproductive Technology – Market Segmentation
By Type
Female Infertility Treatment
Male Infertility Treatment
By Treatments
In Vitro Fertilization IVF
GIFT Gamete Intrafallopian Transfer
ZIFT Zygote Intrafallopian Transfer
ICSI Intracytoplasmic Sperm Injection
Donor eggs
Surrogacy
Based on Geography
North America U.S. & Canada Assisted Reproductive Technology Market
Latin America Brazil, Mexico, Argentina & Rest of Latin America Assisted Reproductive Technology Market
Europe The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE Assisted Reproductive Technology Market
Asia-Pacific China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia Assisted Reproductive Technology Market
Middle East & Africa GCC, South Africa, North Africa, RoMEA Assisted Reproductive Technology Market
On the basis of treatment, IVF is the mostly used one owing to the theory behind this treatment is to increase quantity and thereby increase success. While with the advent of mild IVF i.e. the latest stage in the improvement of IVF, the mild IVF treatment is the preferred one due to the success rates of Mild IVF are comparable to conventional IVF, cost effective, there are fewer risks, and much fewer side effects.
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Assisted Reproductive Technology Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global 3D Bioprinter market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Assisted Reproductive Technology market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
Our global Assisted Reproductive Technology market report comprises of the following companies as the key players in the Assisted Reproductive Technology market: Vitrolife, Ferring Pharmaceuticals, Irvine Scientific, Cook Medical, CellCura, EMD Serono, Esco Micro, IKS International Gonagen Medikal , INVO Bioscience, IVFtech, CRITEX MedITEX , Pantec Biosolutions, Research Instruments, and Smiths Medical.
According to our global market study on the basis of extensive primary and secondary research: “One trend is the emergence of IVF mega clinics and mini IVF’s as mini IVF very similar to IVF but not stimulating the ovaries too much with high doses of medication. Unlike traditional IVF that need daily injections, mini-IVF require fewer injections and uses tablets as well as a nasal spray in place of the “trigger shot” used for traditional IVF. However, the specific protocol varies between patients.”
According to the report, major driving factor for Assisted Reproductive Technology market is the emergence of the digital innovation in this field, for instance, the discovery of unique solution by German scientists that still hasn’t reached under clinical testing i.e. The Spermbot that gives slow swimming sperm a helping hand and serve as a power motor.
Further, the report states that the major challenge is ethical dilemma associated with ARTs involves the politics of embryos and what to do with unused embryos. Many couples fertilize as many eggs as they can during their treatments and freeze any remaining embryos for later use. It’s estimated that about 600,000 cryopreserved embryos are being stored in fertility clinics across the United States.
Based on geography, North America is leading the assisted reproductive technology market with the market size of USD 8.1 billion in 2016. Europe is the second largest market for ART while APAC is the most lucrative market due to the flourishing medical tourism industries, late family planning and women employment levels. Situated within a globalizing and corporatized medical market, fertility tourism has expanded beyond the domestic market, bolstered in good measure by support from the Indian state.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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