During the forecast years of 2017 and 2025, the global assisted reproductive technology market is projected to surge at a CAGR of 6.3%.
Albany, NY -- (SBWIRE) -- 02/14/2018 -- In recent times, assisted reproductive procedures have helped couples around the world conceive and overcome infertility at all ages. According to a new market research, the growing social acceptance of assisted reproductive technology has aided the global market, which is likely to exhibit rapid growth in the upcoming years. To elaborate further, Market Research Hub (MRH) has added this new study to its massive repository, which is titled as "Assisted Reproductive Technology Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025". This 189-page in-depth report reveals insight into the crucial aspects of the global market prime segments, competitive landscape and major factors stimulating growth. Also, the market has been segmented into six regions: North America, Latin America, Europe, Asia Pacific and MEA.
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Initially, the research provides information related to the market development in the past few years. A thorough qualitative analysis of drivers and restraints of the market and opportunities has been provided in the market summary section. Assisted reproductive technology (ART) can be defined as a fertility treatment method, in which surgically eggs are removed from the women ovaries and are combined with the sperms in the laboratory, further they are returned to the ovaries or donated to another woman.
According to the study key evaluations, the global assisted reproductive technology market is projected to be worth US$37,789.6 mn by the end of 2025 from US$22,100.0 mn in 2016. During the forecast years of 2017 and 2025, the global market is projected to surge at a CAGR of 6.3%. The market has gained huge attention in recent years due to the rising prevalence of infertility and related conditions and the rising disposable income of consumers, which allows increasing number of people to find medical solutions. Also, the global assisted reproductive technology been boosted by the rising demand from same-sex couples.
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Key Factors Based on Segmental Analysis
The major market segments have been analyzed based on demand for technology and procedure, the success rate of procedure and available treatment, and geographical exposure.
- Based on geography, Asia Pacific is expected to show outstanding progress in the global assisted reproductive technology market in the forthcoming years.
- By technology, the global assisted reproductive technology market is categorized into in vitro fertilization, artificial insemination, surrogacy and others. Amongst, in vitro fertilization accounted for a major share of the market in 2016 and is likely to hold a dominant share in future.
- By procedure, the fresh non-donor segment is likely to dominate the global assisted reproductive technology market in the coming years.
The final section of the study presents an exhaustive analysis focusing on the prime players operating in the market, such as Vitrolife AB, Merck KGaA, Esco Micro Pte. Ltd. (Esco Group), Laboratoire CCD, CooperSurgical, Inc., Irvine Scientific, Hamilton Thorne, Inc., Nidacon International AB, Planer PLC, Nikon Corporation and others.
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