Assisted Reproductive Technologies Market Set For Expansion
Report Metric |
Details |
Base year considered |
2024 |
Forecast period considered |
2025-2030 |
Base year market size |
$35.4 billion |
Market size forecast |
$53.8 billion |
Growth rate |
CAGR of 7.5% for the forecast period of 2025-2030 |
Segments covered |
Procedure, Product, End-User, Region |
Regions covered |
North America, Europe, Asia-Pacific, Rest of the World |
Countries covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, the Netherlands, China, Japan, South Korea, India, Australia, and New Zealand, and the Association of Southeast Asian Nations (ASEAN) countries, South America, the Middle East and Africa |
Market drivers |
. Rising Infertility Rates . Technological Advances in ART . Increasing Awareness and Acceptance Regarding Fertility Treatments |
Interesting facts:
-
IVF has been successfully used for over 40 years, helping millions of couples conceive.
More than 10 million babies have been born through IVF worldwide, with over 500,000 IVF births occurring annually.
Emerging startups:
-
Hertility Health: London-based Hertility Health promotes knowledge of hormones through blood tests. Although its current focus is on women's reproductive health, the company appears to be expanding rapidly following a $4.2 million seed investment.
GaiA Family: This New York-based company offers affordable in vitro fertilization and egg freezing services.
The report addresses the following questions:
What are the projected market size and growth rate?The global market for assisted reproductive technologies was estimated at $35.4 billion in 2024 and is projected to reach $53.8 billion by the end of 2030, at a CAGR of 7.5% for the forecast period.
Which factors are driving the growth of the market?
Rising infertility rates globally.
Technological advances in ART procedures.
Increasing awareness and acceptance regarding fertility treatments.
The growing number of fertility clinics.
Which market segments are covered in the report?
The report provides information on assisted reproductive technologies and their growth projections for the coming years. The market segments include in vitro fertilization (frozen non-donor, fresh non-donor, frozen donor, fresh donor), artificial insemination, and others based on procedure. Based on product, the assisted reproductive technologies market is divided into instruments, reagents and media, accessories, and disposables. The market is segmented by end user into fertility clinics, hospitals, and others. The regional segmentation covered includes North America, Europe, Asia-Pacific, and the Rest of the World.
Which procedure type will be dominant through 2030?
IVF segment dominates the assisted reproductive technologies market and will continue to do so through 2030.
Which region holds the largest market share?
North America holds the largest share of the market.
What are the opportunities and challenges in the assisted reproductive technologies market?
The assisted reproductive technologies market offers opportunities for technological innovations and growth in emerging countries. However, the market faces challenges such as the high expense of therapy, ethical and legal issues with ART, possible health hazards for both parents and children, and limited availability of reproductive therapies in developing nations.
Market leaders include:
-
COOK
COOPERSURGICAL INC.
ESCO MEDICAL
FERTIPRO NV
GENEA BIOMEDX
HAMILTON THORNE
INVITROCARE INC.
KITAZATO CORP.
NIDACON INTERNATIONAL AB
VITROLIFE AB
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