The global Assisted Reproductive Technology (ART) market is expected to experience steady growth despite current global challenges, according to a recent industry report. The market, valued at USD 27.13 billion in 2023, is projected to reach USD 43.17 billion by 2031, reflecting a compound annual growth rate (CAGR) of 5.98% over the forecast period (2024-2031).
Key Players
The major key players are Vitrolife AB,Merck KGaA, FUJIFILM Irvine Scientific,Ferring B.V., European Sperm Bank, Cosmos Biomedical Ltd.,Cryolab Ltd.,Bloom IVF Centre, Microm U.K. Ltd., CooperSurgical, Inc. and others.
Report Scope and Market Analysis:
This comprehensive report provides a detailed analysis of the ART market, including:
- Market segmentation: Categorization by type of ART procedure (In Vitro Fertilization (IVF), Intracytoplasmic Sperm Injection (ICSI), cryopreservation) and application (infertility treatment, family balancing)
- Regional market analysis: Identification of key geographic markets and their growth potential, considering factors like healthcare infrastructure and regulations.
- Competitive landscape: Profiling of leading ART service providers and equipment manufacturers.
Key Market Segmentation
By Technology Type
- In-Vitro Fertilization (IVF)
- Fresh Donor
- Frozen Donor
- Fresh Non-Donor
- Frozen Non-Donor
- Artificial Insemination
- Intrauterine Insemination
- Intracervical Insemination
- Intravaginal Insemination
- Intratubal Insemination
By End-Use
- Fertility Clinics & other settings
- Hospitals and others
Impact of the Russia-Ukraine Conflict:
The report acknowledges the potential disruption caused by the Russia-Ukraine conflict, including:
- Supply chain disruptions: Potential shortages of ART equipment and medications.
- Travel restrictions: Impact on patients seeking cross-border ART services.
The Impact of Economic Slowdown:
The report also considers the potential impact of a global economic slowdown on the ART market, including:
- Increased patient cost concerns: Potential decrease in demand for non-essential procedures like ART.
- Focus on cost-effective solutions: Rise in demand for affordable ART options.
Regional Analysis:
The report offers insights into regional market trends, highlighting areas with significant growth potential:
- Developed markets: Focus on advanced ART procedures and technological advancements.
- Developing markets: Increasing awareness of ART and growing disposable incomes leading to rising demand.
Key Takeaways:
The report offers valuable insights for stakeholders in the ART market:
- The market is driven by various factors, including rising infertility rates, increasing awareness of ART options, and growing demand for family balancing solutions.
- Despite global challenges, the ART market is expected to exhibit steady growth due to its essential role in helping individuals achieve parenthood.
- Adapting to evolving economic conditions and addressing potential disruptions will be crucial for sustained market growth.
Recent Developments:
The report explores recent developments in the ART market, such as:
- Advancements in IVF techniques: Improved embryo selection methods for higher success rates.
- Telehealth adoption in fertility care: Offering remote consultations and patient support.
- Growing focus on personalized medicine: Tailoring ART treatment plans based on individual patient needs.
Other Trending Report
Healthcare Contract Management Software Market Trends
Hyperphosphatemia Treatment Market Trends
Demineralized Bone Matrix (DBM) Market Trends
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.
Contact Us:
Akash Anand – Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Website: https://www.snsinsider.com