Artificial Womb Facility Market to hit USD 520.65 Mn by 2029 at a CAGR of 8.95 percent

(IT-NEWSWIRE.COM, July 13, 2023 ) Maximize Market research expects, the Artificial Womb Facility Market to grow from USD 285.54 Bn in 2022 to USD 520.65 Mn in 2029 at a CAGR of 8.95 percent.

Artificial Womb Facility Market Report Scope and Research Methodology

The objective of the report is to forecast the global Artificial Womb Facility market based on segments, manufacturers and regional distribution. The bottom-up approach has been used to estimate the market size while the SWOT analysis was used to provide the strengths and weaknesses of the Artificial Womb Facility key players in the industry.

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Artificial Womb Facility Market Dynamics

The increasing demand for assisted reproductive technologies (ART) and fertility treatments, which are becoming more common due to delayed childbearing and increasing fertility rates is one of the major drivers of the market. The lack of clear regulatory frameworks and ethical guidelines for the use of artificial womb facilities is one of the main restraints of the market.

Artificial Womb Facility Market Regional Insights

North America is expected to dominate the global market due to the high prevalence of preterm births and the presence of a large number of health providers and research institutions.

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Artificial Womb Facility Market Segmentation

By Technology

Bioreactors

Extrauterine support devices

Others

By Facility

Neonatal intensive care units (NICUs)

Birthing centres

Others

By Application

Prenatal care

Neonatal care

By End-User

Hospitals

Neonatal care centres

Others

Artificial Womb Facility Key Competitors include:

The Children's Hospital of Philadelphia

Womb Institute

Preterm Birth Initiative

Emmaus Life Sciences

Virtus Health

Institut für Labortechnik

Biotex

TissUse GmbH

University of Zurich

Utrecht University

Juntendo University

Tokyo Women's Medical University

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Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:

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Artificial Womb Facility Market to hit USD 520.65 Mn by 2029 at a CAGR of 8.95 percent