Assisted Reproductive Technology Market Overview 2024: Size, Growth Drivers, and Major Segments
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What is the Expected Growth Rate of the Assisted Reproductive Technology Market from 2024 to 2033?
The assisted reproductive technology market is projected to expand significantly, growing from $38.04 billion in 2023 to $45.42 billion in 2024, with a compound annual growth rate (CAGR) of 19.4%. The historical growth can be attributed to rising infertility rates, evolving societal norms, increased awareness, legislative support, and an aging population.
The assisted reproductive technology market is projected to experience rapid growth in the coming years, reaching $91.8 billion by 2028 at a compound annual growth rate (CAGR) of 19.2%. This growth is driven by factors such as increasing maternal age, the growing demand for same-sex parenting, medical tourism, expanding healthcare infrastructure, and research & development. Key trends include the use of artificial intelligence (AI), egg freezing, single-embryo transfer (SET), preimplantation genetic testing (PGT-A), genetic screening, and innovative fertility preservation techniques.
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What Key Factors Are Fueling the Growth of the Assisted Reproductive Technology Market?
The increasing prevalence of infertility is fostering the assisted reproductive technology market. Infertility affects 1 in 6 adults globally, as estimated by WHO in April 2023, emphasizing the growing demand for ART solutions, including fertility therapies using eggs and sperm.
What Are the Major Segments of the Assisted Reproductive Technology Market?
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
What New Trends Are Transforming the Assisted Reproductive Technology Market?
Technological advancements are gaining popularity in the assisted reproductive technology market. Companies are focused on developing solutions to strengthen their position in the market. For instance, in October 2022, Alife Health launched Alife Assist, a platform that uses AI and data-driven insights to improve decision-making in the in-vitro fertilization (IVF) process. The platform includes products such as Stim Assist, Embryo Assist, and Insights to enhance medication dosing, embryo grading, and real-time monitoring.
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Which Regions Are Driving Growth in the Assisted Reproductive Technology Market?
Europe was the largest region in the assisted reproductive technology market in 2023. 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.
The Assisted Reproductive Technology Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the assisted reproductive technology market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Assisted Reproductive Technology Market Include
1. Assisted Reproductive Technology Market Executive Summary
2. Assisted Reproductive Technology Market Segments
3. Assisted Reproductive Technology Market Size And Template Market Growth Rate
4. Key Assisted Reproductive Technology Market Trends
5. Major Assisted Reproductive Technology Market Drivers
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25. Key Mergers And Acquisitions In The Assisted Reproductive Technology Market
26. Top Assisted Reproductive Technology Companies
27. Assisted Reproductive Technology Market Opportunities And Strategies
28. Assisted Reproductive Technology Market, Conclusions And Recommendations
29. Appendix
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The Business Research Company offers the assisted reproductive technology market research report 2024 with industry size, share, segments and market growth
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