Assisted Reproductive Technology (ART) Market by Procedure, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2019–2026

The Global Assisted Reproductive Technology (ART) Market was valued at USD 22.0 billion in 2017, growing at CAGR of 9.8% over forecast period 2020–2026. Rising ethical problems around creation, selection and disposables of embryo, growing number of infertility cases and rising demand for gynaecological treatments for conceiving in older couples are driving the market.

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Infertility is a major cause of concern amongst couples and more prevalent in the developed countries. Although, medical science has reached a vast extent and addresses upon limitations faced by couples. Emotional distress and development of anxiety is a common scenario. Commercially, the infertility treatment costs crossed over USD 3 Billion in 2018 and it is expected as the lifestyle disorders prevail longer, the market for infertility treatment is likely to grow at a rapid pace. Popularity of IVF cycles has gained a huge momentum in the recent years and classify as assisted reproductive technology. This generally includes a procedure that comprises handling of sperm and eggs externally.

In other words, prevalent lifestyle issues such as smoking and poor dietary habits in women lessens the success rate by 50% and hence the live birth rates after ART decreases significantly owing to a combination of lower pregnancy and rise in miscarriage rates. Therefore, review of extrinsic factors pertaining to physiological conditions is more likely to have a vast effect on use of ART techniques. Additionally, government initiatives such as reimbursement policies and insurance plays a pivotal role in the development of ART approach.

Assisted Reproductive Technology (ART) Market Trends, Drivers and Opportunities:

The assisted reproductive technology (ART) market is driven by increase in cases of infertility, rise in disposable income and increasing preference for medical treatment for conceiving. In addition, the latest trends involve continuous growth of IVF owing to constant advances and rise in number of IVF treatments in the recent years. Availability of IVF centers and medical competency is anticipated to boost the market growth for assisted reproductive technology in the years to come. In addition, lifestyle changes and government initiatives to provide reimbursement policies is projected to influence the market growth throughout the forecast period. On contrary, potential health hazards such as infection and bleeding with IVF medicines and lack of medical competence in several countries is most likely to disturb the market growth throughout the forecast span. In addition, prevalence of social stigmas pertaining to external conceiving is likely to disturb the market growth in the forecast span.