Assisted Reproductive Technology Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
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How has the assisted reproductive technology market grown in recent years?
There has been significant growth observed in the assisted reproductive technology market in the past years. The market value which is estimated to be $34.35 billion in 2024 is predicted to increase to $37.21 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.3%. The past growth trend can be associated with factors such as increased infertility rates, evolving societal norms, enhanced awareness, legislative backing, and an aging population.
How is the assisted reproductive technology market size expected to evolve during the forecast period?
In the coming years, the assisted reproductive technology market is projected to experience robust growth. The market size is predicted to reach $52.84 billion in 2029 with a compound annual growth rate (CAGR) of 9.2%. Factors such as increasing maternal age, growing preference for same-sex parenting, medical tourism, burgeoning healthcare infrastructure, and research and development are contributing to this growth during the forecast period. The emergence of trends like artificial intelligence (AI) application, egg freezing, single-embryo transfer (SET), PGT-A, and genetic screening, as well as innovative fertility preservation techniques, further outline the prediction period.
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Which key drivers are propelling the assisted reproductive technology market’s growth?
The rising number of infertility cases is expected to foster the assisted reproductive technology market in the coming years. Infertility is defined as the failure to become pregnant after a year of frequent and unprotected intercourse. Infertility affects both men and women, and is typically diagnosed by the inability to conceive. Infertility is treated using assisted reproductive technology (ART). Fertility therapies that work with both a woman’s egg and a man’s sperm are included in this. For instance, in April 2023, according to the World Health Organization (WHO), a Switzerland-based international public health organization, millions of people in the world who are of reproductive age will struggle with infertility, which will also influence their families and communities. Worldwide, it is estimated that 1 in 6 adults or around 17.5% of the global adult population struggle with infertility. Therefore, the rising number of infertility cases drives the growth of the assisted reproductive technology market.
What are the market segments in the assisted reproductive technology industry?
The assisted reproductive technology market covered in this report is segmented – _x000D_
_x000D_
1) By Diagnosis: Ovulation Testing, Hysterosalpingography, Ovarian Reserve Testing, Genetic Testing_x000D_
2) By Procedure Type: Fresh Non-Donor, Fresh Donor, Frozen Donor, Frozen Non-Donor, Embryo Or Egg Banking_x000D_
3) By End-User: Hospitals, Fertility Clinics, Other End-Users_x000D_
_x000D_
Subsegments:_x000D_
1) By Ovulation Testing: Urine Ovulation Predictor Kits, Saliva Ovulation Test Kits _x000D_
2) By Hysterosalpingography (HSG): X-ray HSG, Sonohysterography (SHG) _x000D_
3) By Ovarian Reserve Testing: Follicle Stimulating Hormone (FSH) Testing, Anti-Müllerian Hormone (AMH) Testing, Antral Follicle Count (AFC) via Ultrasound _x000D_
4) By Genetic Testing: Preimplantation Genetic Testing (PGT), Carrier Screening Tests, Genetic Compatibility Testing
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Which leading companies are shaping the growth of the assisted reproductive technology market?
Major companies operating in the assisted reproductive technology market include Cooper Surgical Inc., Ferring Pharmaceuticals Ltd., Hamilton Thorne Ltd., Merck KGaA, Genea Limited, California Cryobank, European Sperm Bank, OvaScience Inc., Bloom IVF Centre, Vitrolife AB, FUJIFILM Irvine Scientific Inc., Nidacon International AB, Monash IVF Group Ltd., Cook Medical, INVO Bioscience Inc., Thermo Fisher Scientific Inc., Boston Scientific Corporation, Anecova Sa, Carolinas Fertility Institute, Microm Ltd., Inception Sciences Inc., Progyny Inc., Oxford Gene Technology IP Ltd., IVI-RMA Global, Boston IVF, CARE Fertility Group, Virtus Health, Reproductive Medicine Associates of New York, Shady Grove Fertility, CCRM Fertility, New Hope Fertility Center, Houston Fertility Institute, Pacific Fertility Center, RMA of New Jersey, Sher Fertility Institute, IVF Florida, ORM Fertility, HRC Fertility, Arizona Center for Reproductive Endocrinology & Infertility, San Diego Fertility Center, Fertility Centers of Illinois
What key trends are currently impacting the assisted reproductive technology market’s development?
The rise of technological innovations is becoming a significant trend in the assisted reproductive technology market. Prime companies in this sector are emphasizing on the creation of tech-based solutions to solidify their market stance. For example, Alife Health, an American medical equipment production firm, introduced the Alife Assist platform in October 2022. This suite of products aims to transform the process of in-vitro fertilization (IVF) by applying data-driven findings and artificial intelligence (AI) to help with crucial clinical decisions during significant IVF phases, and to make fertility clinic procedures more efficient. The revolutionary platform, which includes Stim Assist, Embryo Assist, and Insights, provides extensive assistance to reproductive endocrinologists, embryologists, and clinic administrators. As a result, it enhances medication dosing, embryo grading, real-time performance tracking, ultimately improving patient outcomes and success rates in IVF procedures.
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Which geographic areas are influencing the growth of the assisted reproductive technology market?
Europe was the largest region in the assisted reproductive technology market in 2024. North America was the second-largest region in assisted reproductive technology market. The regions covered in the assisted reproductive technology market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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