Assistive Reproductive Technology Market Share and New Trends Analysis: By Its Type, Application, End-use and Forecast for period from 2024 to 2031
The "Assistive Reproductive Technology Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Assistive Reproductive Technology market is expected to grow annually by 5% (CAGR 2024 - 2031).
This entire report is of 158 pages.
Assistive Reproductive Technology Introduction and its Market Analysis
Assistive Reproductive Technology (ART) market research reports indicate a growing demand for solutions to infertility issues, driving revenue growth within the market. ART includes techniques such as in vitro fertilization, surrogacy, and egg freezing. The target market consists of couples facing infertility, LGBTQ+ couples, and single individuals. Major factors fueling revenue growth include increasing acceptance of ART, advancements in technology, and rising infertility rates globally. Key companies in the ART market include Cooper Surgical, Hamilton Thorne, FUJIFILM Irvine Scientific, and Vitrolife AB. The report recommends investing in research and development to innovate new technologies and services to maintain competitiveness in the evolving market landscape.
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The Assisted Reproductive Technology market encompasses a range of advanced medical procedures aimed at helping couples struggling with fertility issues. In-vitro fertilization (IVF), Artificial Insemination-Intrauterine Insemination (AI-IUI), and Frozen Embryo Replacement (FER) are some commonly used techniques in this field. Other technologies also play a significant role in helping individuals achieve their dream of parenthood.
Fertility Clinics, IVF Centers, and Hospitals are the key segments of this market. Each segment caters to different needs of patients and provides specialized care and support throughout the treatment process. Regulatory and legal factors specific to market conditions govern the use of these technologies, ensuring safety and ethical practices in the industry. These factors help maintain the quality and standard of care provided to patients seeking assistance with assisted reproductive techniques. As technology continues to advance, the use of assisted reproductive technology is expected to grow, providing hope and options for individuals struggling with infertility.
Top Featured Companies Dominating the Global Assistive Reproductive Technology Market
The global Assistive Reproductive Technology market is highly competitive, with key players such as Cooper Surgical, Hamilton Thorne, FUJIFILM Irvine Scientific, Nidacon International, Vitrolife AB, Merck, INVO Bioscience, IVFtech, Gonagen Medikal, Cook Medical, and CellCura leading the market.
These companies offer a wide range of products and services in the field of assisted reproductive technology, including in vitro fertilization (IVF), sperm and egg donation, sperm banking, and pre-implantation genetic testing. They also provide equipment and consumables for IVF clinics and laboratories.
Cooper Surgical, for example, is a leading provider of IVF products and services, offering a comprehensive range of instruments, devices, and consumables for fertility clinics. Hamilton Thorne specializes in sperm analysis and offers a range of products for sperm and embryo analysis. FUJIFILM Irvine Scientific is a global leader in cell culture media and offers a range of products for IVF clinics.
These companies play a crucial role in the growth of the assistive reproductive technology market by constantly innovating and introducing new products and services. They also invest heavily in research and development to improve success rates in IVF procedures and enhance patient outcomes.
Some of the key players in the market, such as Merck and Vitrolife, have reported significant sales revenue in recent years. For example, Merck reported sales of over € billion in its fertility business in 2020. Vitrolife AB reported sales of SEK 1.3 billion in 2020, with a strong growth in its IVF business segment.
Overall, these companies are driving the growth of the assistive reproductive technology market by offering innovative products and services, investing in research and development, and expanding their global presence. Their contributions are vital in improving access to fertility treatments and helping couples achieve their dream of starting a family.
- Cooper Surgical
- Hamilton Thorne
- FUJIFILM Irvine Scientific
- Nidacon International
- Vitrolife AB
- Merck
- INVO Bioscience
- IVFtech
- Gonagen Medikal
- Cook Medical
- CellCura
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Assistive Reproductive Technology Market Analysis, by Type:
- In-vitro fertilization (IVF)
- Artificial Insemination-Intrauterine Insemination (AI-IUI)
- Frozen Embryo Replacement (FER)
- Other
1. In-vitro fertilization (IVF): Involves fertilizing an egg with sperm in a lab, then implanting the embryo into the woman's uterus.
2. Artificial Insemination-Intrauterine Insemination (AI-IUI): Involves inserting sperm directly into the uterus during ovulation.
3. Frozen Embryo Replacement (FER): Involves transferring frozen embryos into the uterus after being thawed.
4. Other types include gamete intrafallopian transfer (GIFT) and zygote intrafallopian transfer (ZIFT).
These types of assistive reproductive technology help boost demand by providing options for individuals and couples struggling with infertility, increasing chances of successful pregnancy, and offering alternative methods for conception.
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Assistive Reproductive Technology Market Analysis, by Application:
- Fertility Clinics
- IVF Center
- Hospital
Assistive Reproductive Technology (ART) is applied in fertility clinics, IVF centers, and hospitals to help individuals and couples struggling with infertility. ART includes treatments such as in vitro fertilization (IVF), intrauterine insemination (IUI), and egg donation. Fertility clinics specialize in diagnosing and treating infertility, IVF centers perform procedures such as embryo transfer, and hospitals offer a range of ART services. IVF centers are the fastest growing application segment in terms of revenue, as advancements in technology and increased acceptance of ART have led to a rising demand for infertility treatments and services.
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Assistive Reproductive Technology Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The Assistive Reproductive Technology market is expected to experience significant growth in various regions. North America, particularly the United States and Canada, is anticipated to dominate the market with a projected market share of around 40%. Europe, including Germany, France, ., Italy, and Russia, is expected to hold a market share of approximately 30%. In the Asia-Pacific region, countries like China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia are also expected to witness substantial growth, capturing a market share of around 20%. Latin America, Middle East & Africa are expected to contribute around 10% to the global market share.
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