Assisted Reproductive Technology Market to Expand 1.4X by 2025, as Public Grants Offset Costs
Advancements in fertilization technology and improved access to fertility clinics, worldwide, continue to boost reproductive success. In the U.S., infertility treatment grants offered by organisations such as the Angels of Hope Foundation, Pay-it-Forward Foundation, and BabyQuest Foundation allow for cost-intensive fertility treatment to be availed by all. Progressive improvements in reproductive outcomes are reflecting on the growing reliance of couples on IVF and IUI technologies, thereby increasing the number of fertility treatment procedures. A cultural shift in the form of same-sex marriage in key economies across the world, is, in turn, found to establish a potent revenue source for the assisted reproductive technology market.
Studying the relevance of all the crucial dynamics, Fact.MR, in its latest study, forecasts that revenue of the assisted reproductive technology market would witness an annual increase of around 6.3% in 2020.
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Fresh Non-donor Fertility Procedures are Deemed Highly Suitable
Adverse effects of demanding lifestyles such as mental stress are taking a toll on the reproductive system of men and women, equally. According to the Centres for Disease Control and Prevention (CDC), nearly 82% of pregnancies resulting from ART cycles use fresh non-donor eggs; the chief reason being, the desire for producing a child using one’s eggs. The trend of using fresh non-donor eggs is especially prominent among women aged less than 35 years.
However, considering delayed family planning and growing influence of chronic diseases such as cancer, medical professionals recommend the medical freezing of eggs for women with a high risk of infertility. Major employers are also taking initiatives to help employees tackle their infertility issues through incentives and perks on the storage of their eggs, which is projected to increase the demand for frozen non-donor procedures. For instance, Facebook, Inc. and Apple Inc. have initiated programs that offer special perks to female employees to store their eggs.
Fertility Clinics Scoring Well in Assisted Reproductive Technology Market
Numerous treatment cycles of infertility treatment using assisted reproductive technology turn the procedure highly expensive. Fertility clinics are magnifying their focus on offering one-stop solutions, ranging from diagnostics to treatment. Investments have also increased towards the development of separate semen and embryology labs to ensure a stable, pathogen-free, and non-toxic environment for gamete handling. Focus of medical professionals of fertility clinics has been on offering quality service to patients by leveraging advanced technology, which, in turn, is boosting the demand for neoteric equipment and devices from fertility clinics. Considering these influences, in 2020 alone, fertility clinics are projected to contribute around US$ 16.8 Bn revenue to the assisted reproductive technology market, which is the highest as compared to hospitals and centres offering similar services.
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Cross-border Reproductive Care Turning into a Phenomena in Assisted Reproductive Technology Market
The study finds that, variations in reimbursement facilities, cost, and patient outcomes in various countries lead to differences in the use of assisted reproductive technology. As per a study published by Springer, 53% of individuals in the Netherlands opt to go abroad to receive quality treatment. Additionally, around 57% to 80% individuals consider legal restriction as one of the chief causes, owing to which, they seek cross-border reproductive care in European countries such as Denmark, Spain, and Switzerland. High-quality fertility treatment services in tandem with the use of advanced technology is creating a favourable growth environment for the European assisted reproductive technology market.
Assisted Reproductive Technology Market – Scope of the Study
The study on the assisted reproductive technology market is an exclusive report published by Fact.MR, which brings to the fore crucial parameters that are driving the growth of the market. This exclusive study provides incisive insights regarding the recent developments in the assisted reproductive technology market, by analysing the historical data for the period of 2015-2019, and 2020-2025 as the forecast period.
Estimation of the revenue of the assisted reproductive technology market has been carried out in terms of value (US$ Mn). This research provides information into the key trends that have the potential to influence the growth of the assisted reproductive technology market. Besides this, the study also includes several macroeconomic and microeconomic growth indicators complementing the growth of the assisted reproductive technology market during the forecast period. This insightful report offers the key dynamics, and their impact on the value chain, which are projected to influence the future growth of the assisted reproductive technology market.
The report also provides information into the key challenges and threats that could deter the growth potential of players in the assisted reproductive technology market. The study unveils profitable opportunities for manufacturers, which they can adopt to strengthen their position in the global assisted reproductive technology market. With a view of aiding stakeholders in the assisted reproductive technology market, the study comprises a detailed section on the competition analysis.
This exclusive study offers a dashboard view of the assisted reproductive technology market, with detailed information about the market players, based on overall revenue, key developments, and their market presence. Additionally, the key strategies of players in the assisted reproductive technology market have also been included in this comprehensive study.
Assisted Reproductive Technology Market – Assessment of Key Segments
Authors of this comprehensive study have classified the assisted reproductive technology market into key segments for an in-depth study of the market. Categorisation of the assisted reproductive technology market is based on procedure, technology, end user, and region. This detailed study also offers information about the incremental opportunity present in the assistive reproductive technology market during the forecast period. Key segments considered while studying the assisted reproductive technology market include:
|
Procedure |
Technology |
End User |
Region |
|
Frozen Donor |
In-vitro Fertilization
|
Fertility Clinics |
North America |
|
Frozen Non-donor |
Surrogacy |
Hospitals |
Europe |
|
Fresh Donor |
Artificial Insemination
|
Others |
Asia Pacific |
|
Fresh Non-donor |
Others |
|
Latin America |
|
Embryo Banking |
|
|
Middle East and Africa |
Authors of the report have taken ample care to track the latest movement of the assisted reproductive technology market, to ensure that only accurate information reaches stakeholders. The study helps these stakeholders in gaining an edge over their competitors. This exclusive guide also tracks the current as well as future trends that are likely to influence the growth of the assisted reproductive technology market during the forecast period.
A list of key companies featured in this study on the assisted reproductive technology market includes Merck KGaA, Esco Micro Pte. Ltd., CooperSurgical, Inc., Planer PLC, Vitrolife AB, Laboratoire CCD, Hamilton Thorne, Inc., Irvine Scientific, Nikon Corporation, and Nidacon International AB. In-depth information about the winning imperatives, threat of new entrants, and substitutes has also been included in this study.
Assisted Reproductive Technology Market – Research Methodology
The primary objective of this exclusive study on the assisted reproductive technology market is to offer precise estimates and forecasts of the market in terms of value (US$ Mn) for the period of 2020-2025. The secondary objective includes analysis of key market segments exhibiting significant growth rates, leading strategies adopted by players in the assisted reproductive technology market, and recalibrate the adoption rate of assisted reproductive technology in key regions across the world.
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Assisted Reproductive Technology Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2025