What is Assisted Reproductive Technology Market?
Assisted reproductive technology is included fertility treatments that handle both a woman's egg and a man's sperm. This technique involves surgically removing eggs from a woman’s ovaries, combining them with sperm in the laboratory, and returning them to the woman’s body or donating them to another woman. The most common and effective type of the assisted reproductive technology is in vitro fertilization (IVF). The factors such as Increased Prevalence of Infertility due to High Stress, Obesity, and Other Reasons and Increased Number of People with Sedatory Lifestyle are driving the global Assisted Reproductive Technology market. Also, the Growing Demand for In Vitro Fertilization (IVF) Technique fueling the market growth. However, Multiple Pregnancy due to Assisted Reproductive Technology is a Common Complication that may restrain the growth of the global Assisted Reproductive Technology market.
Highlights from Assisted Reproductive Technology Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Thermo Fisher Scientific (United States), Vitrolife (Sweden), Cosmos Biomedical Ltd. (United Kingdom), Ferring Pharmaceuticals (Switzerland), Nidacon International AB (Sweden), Irvine Scientific (United States), Merck Group (Germany), Cook Medical (United States), INVO Bioscience (United States) and Smiths Medical (United States) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Assisted Reproductive Technology market throughout the forecasted period.
Thermo Fisher Scientific (United States), Vitrolife (Sweden), Cosmos Biomedical Ltd. (United Kingdom), Ferring Pharmaceuticals (Switzerland), Nidacon International AB (Sweden), Irvine Scientific (United States), Merck Group (Germany), Cook Medical (United States), INVO Bioscience (United States) and Smiths Medical (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are EMD Serono Inc. (United States) and IVFtech (Denmark). Assisted Reproductive Technology Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Fertility Clinics, Hospitals and Others |
Type | General, Fertility Medication, In Vitro Fertilization and Others |
On the basis of geography, the market of Assisted Reproductive Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for In Vitro Fertilization (IVF) Technique
Market Growth Drivers:
Increased Prevalence of Infertility due to High Stress, Obesity, and Other Reasons and Increased Number of People with Sedatory Lifestyle
Challenges:
Less Awareness about Benefits of Assisted Reproductive Technology among People in Some Regions
Restraints:
Multiple Pregnancy due to Assisted Reproductive Technology is a Common Complication
Opportunities:
Growing Number of Fertility Centres across the Globe and Increasing Research and Development Investments
Key Target Audience
Assisted Reproductive Technology Providers, Emerging Companies, Research Professionals and End-users
Market Leaders & Development Strategies
In March 2020, Thermo Fisher Scientific Inc., the world leader in serving science, and QIAGEN N.V., a leading global provider of molecular diagnostics and sample preparation technologies, has announced that their boards of directors, as well as the managing board of QIAGEN N.V., have unanimously approved Thermo Fisher's proposal to acquire QIAGEN.
In June 2019, Thermo Fisher Scientific entered into a global research collaboration with Predictive Laboratories, a wholly-owned subsidiary of Predictive Technology Group, Inc. (OTC PINK: PRED), focused on the study of genetic factors in female infertility. This work utilizes a range of products from Thermo Fisher for reproductive health, including Applied Biosystems CarrierScan Assay for whole exome sequencing, Ion ReproSeq PGS Assay, CytoScan Dx Assay, and Ion AmpliSeq Exome RDY.