Press Release / Business / 2018- 2023 Assisted Reproductive Technology Market by Future Economic Impact, Foremost Players, Industry Performance and Technological Advancement

2018- 2023 Assisted Reproductive Technology Market by Future Economic Impact, Foremost Players, Industry Performance and Technological Advancement

Market Scenario

The reproductive technology such as fertility medication, in vitro fertilization and surrogacy used to treat infertility among the women, is termed as assisted reproductive technology. The causes of infertility in women may be ovulation disorders, uterine or cervical abnormalities, fallopian tube damage or blockage, endometriosis, cancer and others. It may also be caused due to lifestyle factors like smoking tobacco or marijuana, alcohol consumption, overweight, lack of physical inactivity. Global assisted reproductive technology (ART) market is expected to grow at a CAGR of ~10% over the forecast period

The assisted reproductive technology market is expected to witness a tremendous growth owing to the rising prevalence of infertility. Other key factors such as the growing obesity among women, increase in ovulation disorders, change to sedentary lifestyle, growing consumption of unhealthy diet, increasing occurrence of Polycystic Ovarian Syndrome (PCOS), and increasing prevalence ovarian and endometrial cancer, increase in smoking and alcohol consumption are contributing towards the growth of the market.

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According to the Office on Women’s Health 2012, around 6.1 million women of age 15-44 years in the US are unable to conceive. Such a high incidence of infertility is expected to drive the market growth during the forecast period.

However, factors such as lower success rate, the high cost of assisted reproductive technology procedures, expensive treatments, raising ethical issues, chances of birth defects, the risk of prematurity and low birth weight in newborn and side effects associated with hysterectomy procedures are expected to restrict the market growth during the forecast period.

Segmentation

Global Assisted Reproductive Technology (ART) Market Report, by Diagnosis (Ovulation Testing, Hysterosalpingography), Type (Ovulation Induction, Artificial Insemination, Surrogacy), End-User (Hospitals & Clinics, IVF Center) – Global Forecast Till 2023Global Assisted Reproductive Technology (ART) Market Report, by Diagnosis (Ovulation Testing, Hysterosalpingography), Type (Ovulation Induction, Artificial Insemination, Surrogacy), End-User (Hospitals & Clinics, IVF Center) – Global Forecast Till 2023

On the basis of region, the global assisted reproductive technology market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas is sub-segmented into North America and South America.

The North American region is further segmented into the US and Canada. The European region is divided into two, namely, Western Europe and Eastern Europe. Western Europe is further classified into Germany, Italy, France, the UK, Spain, and the rest of Western Europe. The Asia-Pacific region is sub-segmented into Japan, China, India, Australia, the Republic of Korea, and the rest of Asia-Pacific. The Middle Eastern and African region is sub-segmented into the United Arab Emirates, Saudi Arabia, Oman, Kuwait, Qatar, and the rest of the Middle East and Africa.

Key players

Some of the key players in the global assisted reproductive technology (ART) market are Cosmos Biomedical Limited, California Cryobank, Bloom IVF Centre, Cryolab Ltd., Parallabs, OvaScience, Anecova, Origio, Microm Ltd., Merck KGaA, Cooper Surgical, Inc, Ferring Pharmaceuticals, European Sperm Bank, Irvine Scientific and Hamilton Throne Ltd.

Regional Market Summary

It is estimated that Europe dominated the global assisted reproductive technology market owing to the increasing innovations in clinical practice and access to fertility treatment in this region. According to the Human Fertilization and Embryology Authority UK in 2016, there were 68,000 IVF treatment cycles, resulting in 20,028 births through IVF treatment. Thus, the increasing infertility treatments in this region influences the growth of this market in this region.

North America stood second in the assisted reproductive technology (ART) market owing to the rising prevalence of obesity. Obesity affects fertility rate as it causes hormonal imbalances and problems with ovulation, thus women who suffer from obesity have fewer chances of conceiving.

Obesity in males also affects the sperm count and sperm quality thus increasing male infertility. According to the National Health and Nutrition Examination Survey (NHANES), 2014, 70.2% of the total U.S. adults were overweight. Other factors such as increasing healthcare expenditure and increasing technological advancements in assisted reproductive technology (ART) drive the market growth in this region.

Asia-Pacific was projected to be the fastest growing region for the global assisted reproductive technology market in 2017. The market is expected to witness growth owing to the rising prevalence of infertility in women, changing lifestyle, and growing obesity within the population. According to the United Nations report in 2013, the main factor for low fertility in Asia is a postponement of marriage and delayed childbearing.

The Middle East and Africa holds the least share in the global assisted reproductive technology market due to the presence of stringent government policies and poor economies. However, the market is expected to witness growth due to the development of infertility treatment and increased numbers of IVF centers in this region. Also, governmental support, partial or full insurance coverage of treatment cost, social and religious values of childbearing and the role of children in family stability in the Middle East influence the market growth in this region.

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Market Segmentation

Global Assisted Reproductive Technology (ART) Market, by Diagnosis

• Ovulation Testing
• Hysterosalpingography
• Ovarian Reserve Testing
• Genetic Testing
• Other hormone testing
• Imaging tests

Global Assisted Reproductive Technology (ART) Market, by Type

• Ovulation Induction (OI)
• Artificial Insemination (AI)
• Donor Conception
• In-Vitro Fertilization (IVF)
• Gamete Intrafallopian Transfer (GIFT)
• Intracytoplasmic Sperm Injection (ICSI)
• Preimplantation Genetic Diagnosis (PGD)
• Surrogacy

Global Assisted Reproductive Technology (ART) market, by End-User

• Hospitals & Clinics
• Ambulatory Surgical Centers
• Diagnostic Centers
• Gynecology Centers
• Feminist Health Centers
• IVF Centers

Global Assisted Reproductive Technology Market, by Region

• Americas
• Europe
• Asia-Pacific
• Middle East & Africa
• Intended Audience

Pharmaceutical companies
• Biotechnological institutes
• Government and private laboratories
• Research and Development (R&D) companies
• Medical research laboratories
• Market research and consulting service providers


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