Number of pages: 100 | Report Format: PDF | Published date: August 30, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market size value in 2021 |
US$ 19.5 billion |
Revenue forecast in 2030 |
US$ 40.6 billion |
Growth Rate |
CAGR of 8.5% from 2022 to 2030 |
Base year for estimation |
2021 |
Forecast period |
2022-2030 |
Segments covered |
Technique, Procedure, End User |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
The global assisted reproductive therapy market was pegged at US$ 19.5 billion in 2021 and is expected to witness a CAGR of 8.5% during the forecast period.
Market Fundamentals
Assisted reproductive therapy (ART) refers to a medical procedure done to address infertility. It consists of various procedures and surgeries such as in-vitro fertilization, embryo transfer, use of fertility medication, etc. It involves the manipulation of male sperm or female ovum or embryo to achieve pregnancy. Apart from fertility, ART can be used in cases such as to avoid pregnancy complications and genetic considerations.
Market Dynamic
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The increasing prevalence of infertility cases over the years is one of the major factors driving the global assisted reproductive therapy market. Health-related complications such as fallopian tube damage, uterine or cervical abnormalities, cancer, polycystic ovarian disorder (PCOD), etc. are the causes of infertility. As the world is shifting towards urbanization, lifestyle choices of individuals are changing drastically such as unhealthy food choices, alcohol consumption etc. contributing to infertile conditions. A rise in the number of unmarried women opting for single parenthood and same-sex couples and the increase in awareness of IVF and surrogacy are expected to drive the growth of the global market. Also, the introduction of advanced assisted reproductive technologies such as intrauterine insemination (IUI), intracytoplasmic sperm injection (ICSI), etc., fuels the ART market. Various governments supporting and initiating to provide affordable fertility services also further boost the market growth
However, several elements, including the side effects of hysterectomy, the possibility of congenital disabilities, the risk of prematurity and low birth weight in newborns, ethical issues, the high cost of assisted reproductive technology procedures, and the side effects of assisted reproduction, are likely to standoff market growth in the years to come.
Market Ecosystem
The global assisted reproductive therapy market has been analyzed from four perspectives: technique, procedure, end-user, and region.
Assisted Reproductive Therapy Market by Technique
Based on product type, the global assisted reproductive therapy market has been divided into artificial insemination, in-vitro fertilization, and frozen embryo transfer. The in-vitro fertilization segment dominates the global assisted reproductive therapy market due to the high success rate of this technique and continuous advancements.
Assisted Reproductive Therapy Market by Procedure
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Based on procedure, the global assisted reproductive therapy market has been divided into the fresh donor, fresh non-donor, frozen donor, and frozen non-donor. The fresh non-donor segment dominates the ART market due to the increasing rate of infertility and success rate of procedure, whereas the frozen non donor segment ranks second in the market owing to the low cost of this procedure.
Assisted Reproductive Therapy Market by End User
Based on end-user, the global assisted reproductive therapy market has been divided into hospitals and fertility clinics. The fertility clinic segment currently dominates the global ART market. This dominance is attributed to the increased preference of patients towards in-clinic procedures, the presence of specialized doctors, and an increased number of fertility procedures. Also, the high registration rate of fertility clinics especially in developed economies contributes to ART market growth.
Assisted Reproductive Therapy by Region
Based on region, the global assisted reproductive therapy market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. Due to the growing advancements in clinical practice and the accessibility of fertility therapy in this region, Europe dominates the global market for assisted reproductive therapy. Due to the increased frequency of obesity, North America placed second in the assisted reproductive therapy market. Due to hormonal imbalances and ovulation issues brought on by obesity, women who are obese have lower chances of getting pregnant. Male infertility rises because of male obesity, which also has an impact on sperm quantity and quality.
According to projections, the market for assisted reproductive therapy will develop most quickly in Asia Pacific. Due to the increased frequency of infertility in women, changing lifestyles, and rising obesity rates among the population, the market is anticipated to expand at a rapid CAGR.
Competitive Landscape
Some of the prominent players operating in the global assisted reproductive therapy market are: -
Strategic Developments
The market size of assisted reproductive therapy was registered at US$ 19.5 billion in 2021 and is expected to grow at a rate of 8.5% in the forecast period.
The increased prevalence of infertility and advancement in technology .mainly characterizes the prevalent trends in the market
European sperm bank, Bloom IVF Centre etc. are a few key players in the assisted reproductive therapy market.
The IVF technique rules the global assisted reproductive therapy market.
Asia Pacific region is projected to witness the highest growth in the forecast period.
*Insights on financial permanence is subject to availability of information in public domain