The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Europe held the largest assisted reproductive technology market share.

The global assisted reproductive technology market is expected to grow from $31.4 billion in 2022 to $37.56 billion in 2023 at a compound annual growth rate (CAGR) of 19.6%. The assisted reproductive technology market size is expected to grow to $75.64 billion in 2027 at a CAGR of 19.1%.

Major Driver In The Assisted Reproductive Technology Market ­– Rise In Number Of Infertility Cases
According to UCLA Health, a US-based health system, roughly 15% of couples worldwide will have difficulty conceiving by 2020. Infertile couples are increasingly turning to assisted reproductive technology (ART), which is expanding at a 5% to 10% annual rate. As a result, the growing number of infertility cases propels the assisted reproductive technology industry forward.

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Key Assisted Reproductive Technology Market Segments
1) By Diagnosis: Ovulation Testing, Hysterosalpingography, Ovarian Reserve Testing, Genetic Testing
2) By Procedure Type: Fresh Non-Donor, Fresh Donor, Frozen Donor, Frozen Non-Donor, Embryo Or Egg Banking
3) By End-User: Hospitals, Fertility Clinics, Other End-Users

Recent Assisted Reproductive Technology Market Trend – Technological Advancement
Major companies involved in assisted reproductive technologies are concentrating their efforts on finding technological solutions to bolster their positions. For example, in November 2020, NIPD Genetics, a biotechnology company based in Cyprus, will develop Amfira PGT, which is based on Target Capture Enrichment Technology. Amfira PGT is a preimplantation genetic test that can be used during fertility treatment to increase the likelihood of becoming pregnant and having a healthy child. Amfira PGT can be used in IVF cycles to identify whether embryos are chromosomally normal (euploid) and have the best chance of developing into a healthy pregnancy and birth.

Assisted Reproductive Technology Market Prominent Players
Major players in the assisted reproductive technology market are Cooper Surgical Inc., Ferring B.V., Hamilton Thorne Ltd., Merck KGaA, Genea Limited, California Cryobank, European Sperm Bank, OvaScience Inc., Bloom IVF Centre, Vitrolife, FUJIFILM Irvine Scientific Inc., Nidacon International AB, Monash IVF Group Ltd., Cook Medical, INVO Bioscience Inc., Thermo Fisher Scientific, Boston Science Corporation, Anecova, Carolinas Fertility Institute, Microm Ltd.

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The Assisted Reproductive Technology Global Market Report 2023  provides a comprehensive overview on the assisted reproductive technology market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the assisted reproductive technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Assisted reproductive technology is based on surgically removing eggs from women’s ovaries and then combining them in the laboratory with men’s sperm to generate embryos. These embryos are subsequently implanted in the woman’s body. Donor eggs, donor sperm, or already frozen embryos are used in ART. ART (assisted reproductive technology) is used to treat infertility in either eggs or embryos.

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