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(IT-NEWSWIRE.COM, September 03, 2017 ) The assisted reproductive technology market comprises various medical procedures used to help conception and reduce the chances of abnormalities in the ensuing pregnancy. The market has picked up steam in recent years due to the rising prevalence of infertility and related conditions and the rising disposable income of consumers, which is allowing an increasing number to obtain medical solutions.
The increasing social acceptance of assisted reproductive technology has also aided the global market for the same, which is likely to exhibit rapid progress in the coming years
In Vitro Fertilization Likely to Lead Assisted Reproductive Technology Market
By technology, the global assisted reproductive technology market is segmented into in vitro fertilization, surrogacy, artificial insemination, and others. In vitro fertilization accounted for more than 62% of the global assisted reproductive technology market in 2016 and is likely to retain a dominant share in the coming years thanks to the rising number of citizens who are aware of the ease and efficacy of in vitro fertilization procedures.
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In vitro fertilization is further segmented into intra-cytoplasmic sperm injection (ICSI), and preimplantation genetic diagnosis (PGD). Preimplantation genetic diagnosis is likely to play an important role in the growth of the global assisted reproductive technology market in the coming years, due to the rising amount of information available on the risk of congenital genetic disorders and their treatment.
Based on procedure, the assisted reproductive technology market is segmented into frozen donor, frozen non donor, fresh donor, fresh non donor, and embryo banking. Of these, the fresh non donor segment is likely to dominate the global assisted reproductive technology market in the coming years.
The segment held a majority share of 51.8% in the global assisted reproductive technology market in 2016. It benefits primarily from the desire of most parents to have children with their own genetic makeup rather than having another person involved at any stage.
Geographically, the global assisted reproductive technology market is led by Europe. The market accounted for 35% of the global assisted reproductive technology market in 2016 and is likely to remain the outright leader in the coming years despite growing demand from Asia Pacific.
North America is also likely to remain a key contributor to the global assisted reproductive technology market in the coming years due to the growing prevalence of reproductive conditions in the region.
Rising Demand for Fertility Clinics Aids Growth of Assisted Reproductive Technology Market
One of the key drivers for the global assisted reproductive technology market is the rising number of fertility clinics in developing regions and the gradual lifting of the social taboos around the topic. Though developed countries remain by far the leading contributors to the global assisted reproductive technology market, developing regions such as Asia Pacific are likely to emerge as key markets for assisted reproductive technology in the coming years.
The assisted reproductive technology market has also been boosted by the rising demand from same-sex couples. The growing demand for legalization of same-sex relationships in various regions is thus likely to be a crucial driver for the global assisted reproductive technology market in the coming years.
Global Assisted Reproductive Technology Market: Segmentation
Based on technology type, the assisted reproductive technology market is segmented as in vitro fertilization, artificial insemination, surrogacy and others. The in vitro fertilization is further segmented into intra-cytoplasmic sperm injection (ICSI), and preimplantation genetic diagnosis (PGD).
The artificial insemination is segmented into intrauterine insemination (IUI), and intracervical insemination (ICI) and others. The technology market segments have been analyzed based on available approved technology and devices, cost-effectiveness, and preference for technology and procedures by physicians and embryologists.
The market size and forecast for each of these segments have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year.
Based on procedures, assisted reproductive technology market is segmented into frozen donor, frozen non donor, fresh donor, fresh non donor, and embryo banking. Based on end user, assisted reproductive technology market is segmented into fertility clinics, hospitals and others.
The market segments have been extensively analyzed based on demand for technology and procedure, success rate of procedure and available treatment, and geographical coverage. The market size and forecast in terms of US$ Mn for each segment have been provided for the period from 2015 to 2025.
The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2017 to 2025, considering 2016 as the base year.
Global Assisted Reproductive Technology Market: Geographical and Competitive Dynamics
Geographically, the global assisted reproductive technology market has been categorized into five major regions and the key countries in the respective region: North America (the U.S., Canada), Europe (the U.K., Germany, Russia, France, Spain, Italy, and Rest of Europe), Asia Pacific (Japan, India, China, Australia & New Zealand and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and Middle East & Africa (South Africa, GCC countries and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year.
The research study also covers the competitive scenario in these regions.
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The report also profiles major players in the global assisted reproductive technology market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major players profiled in this report includes Merck KGaA, CooperSurgical, Inc., Irvine Scientific, Vitrolife AB, Hamilton Thorne, Inc., Nidacon International AB, Laboratoire CCD, Planer PLC, Esco Micro Pte. Ltd. (Esco Group), Nikon Corporation and others
The Global Assisted Reproductive Technology Market is segmented as given below:
Global Assisted Reproductive Technology Market, by Technology
In Vitro Fertilization
Intra-cytoplasmic Sperm Injection (ICSI)
Preimplantation Genetic Diagnosis (PGD)
Artificial Insemination
Intrauterine Insemination (IUI)
Intracervical Insemination (ICI)
Others
Surrogacy
Others
Global Assisted Reproductive Technology Market, by Procedure
Frozen Donor
Frozen Non Donor
Fresh Donor
Fresh Non Donor
Embryo Banking
Global Assisted Reproductive Technology Market, by End User
Fertility Clinics
Hospitals
Others
Global Assisted Reproductive Technology Market, by Geography
North America
U.S.
Canada
Europe
Germany
U.K.
Russia
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
India
China
Australia & New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC countries
South Africa
Rest of Middle East & Africa
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