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Global assisted reproductive technology market is expected to reach USD 23.68 Billion in 2017 to USD 52.13 Billion by 2025 at a CAGR of 11.62% from 2018 to 2025. Major growth factors accelerating the market growth are growing cases of infertility due to stress, smoking and pollution and rise in number of single women and same sex couples are propelling the growth of the market.
Market Overview:
Assisted reproductive technology is used to address the cases of infertility. The procedure involves in vitro fertilization, in which eggs are eliminated surgically from the female ovaries and are merged with the laboratory sperms. After the completion of process they are donated to different female or are placed back in the ovaries. ART can be employed to avoid the infertility issues while maintaining the genetic link. Rising tobacco and alcohol consumption, increasing marital age, increasing obesity rate are some of the other factors contributing to the market growth. According to Centers for Disease Control and Prevention (CDC), in the United States 12.1% of women aged in between 15-44 suffer from impaired fecundity whereas, 6.7% of married women in the same age group are infertile. According to the Society for Assisted Reproductive Technology, 2012 has been the year in which highest babies were born through IVF treatment. The treatment has become more successful and has gained more acceptance, which is further expected to increase the market size in the coming years.
Report Description:
Market Dynamics:
Drivers:
Restraints:
Opportunities:
Challenges:
Global Assisted Reproductive Technology Market Key Findings:
All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
Segmentation Analysis:
The assisted reproductive technology market is segmented on the basis of type, procedure and end user.
Regional Segmentation Analysis:
The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Europe region dominated the global assisted reproductive technology market with USD 7.76 Billion in 2017 where as Asia Pacific region expected to grow at significant growth in the forecast period.
Global Assisted Reproductive Technology Market Competitive Analysis:
Key players in the assisted reproductive technology market are Bloom IVF Centre, California Cryobank, OvaScience, Parallabs, Irvine Scientific and Hamilton Throne Ltd., Anecova, Origio, Ferring Pharmaceuticals, Merck KGaA, Cooper Surgical, Inc. and others. Irvine Scientific, Cook Medical, ThermoFisher Scientific and Merck are the top leading players of the market. For instance, in 2016, Irvine Scientific received first approval for FDA 510(k) clearance for extended use of Vit Kit vitrification. It will increase the adoption of company’s product line. Recently, in 2018, Monash IVF started using smart TV app to consult fertility patients in China. This step has been carried out after the clinic entered into an agreement with AC International Medical Tourism (Melbourne). Monash IVF, fertility clinic in Melbourne, patterned with platform BabySmart, which enables the Chinese patients to have face to face consultation with the clinicians in Australia.
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Scope
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Key Points |
Information |
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Evaluate Market Potential |
Growth Rates (CAGR %) Value (USD Billion) {Market Size} |
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USP of Report |
Industry and Technology Trends Market Evolution Value Chain Analysis Company Share Analysis Competitive & Vendor landscape SWOT Analysis of Each Company Profit Margin Analysis Analysis of More than 30 Countries for Each Segment |
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Base Year |
2017 |
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Historical Years |
2015-2017 |
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Forecast Period |
2018-2025 |
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Regional Analysis |
North America, Europe, Asia Pacific, South America, and Middle East and Africa |
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Countries Analysis |
U.S., Canada, Mexico, Germany, France, Sweden, Netherlands, U.K., Italy, Spain, Turkey, Switzerland, Belgium, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Brazil, Saudi Arabia, UAE, Egypt, Nigeria, South Africa |
This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global assisted reproductive technology market on the basis of below mentioned segments:
Global Assisted Reproductive Technology Market, By Type:
Global Assisted Reproductive Technology Market, By Procedure:
Global Assisted Reproductive Technology Market, By End User:
Global Assisted Reproductive Technology Market, By Regions:
List of Table
List of Figures
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