The report analyzes factors affecting the assisted reproductive technology market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.
Assisted reproductive technology is also known as fertility treatment that is used to perform infertility treatments. The procedure involve the removal of eggs from the woman ovaries that are combined with the sperms in the laboratory, further they returned to the woman's ovaries or are donated to another women. The technology used to elude the fertility problems while preserving the genetic connection.
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The assisted reproductive technology market is anticipated to grow with a significant rate in the coming years, owing to factors such as, rising disposable income, growing number of smokers, drastically changed lifestyle causing various disorders such as stress, obesity and many other further drives the growth of the market. Moreover, rising prevalence of infertility problems and related conditions is the prime factor driving the growth of the assisted reproductive technology market. On the other hand, the fresh non donor segment is anticipated to dominate the global market for assisted reproductive technology in the forecast period.
The global assisted reproductive technology market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The key players influencing the market are Cosmos Biomedical Ltd., Microm Ltd., Irvine Scientific, Parallabs Ltd, Bloom Fertility Centre, Ferring B.V., OvaScience, Inc, KITAZATO CORPORATION., Vitrolife, and CooperSurgical Inc. among others.
Europe lead the ART market followed by North America due to increasing technological advancements, rising awareness among people for fertility treatment, rise in infertility rate and rising government initiatives. Moreover, the Centers for Disease Control and Prevention (CDC) developed a national public health action plan in this region for the detection, improving efficacy safe treatment, and prevention from infertility. Developing economies in Asia Pacific are likely to be vital to the global assisted reproductive technology market in the coming years, with the majority of growth primarily driven by late family planning and comparatively lower treatment cost, and government initiatives in developing countries is also likely to provide a major boost to the global assisted reproductive technology market in the coming years.
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The global assisted reproductive technology market is segmented on the basis of technology, procedure, and end-user. The technology segment includes, artificial insemination, in vitro fertilization, surrogacy, and others. The artificial insemination segment further classified into intrauterine insemination (IUI), intracervical insemination (ICI) and others. The in vitro fertilization segment is further bifurcated into intra-cytoplasmic sperm injection (ICSI) and preimplantation genetic diagnosis (PGD). On the basis of procedure, the assisted reproductive technology market is categorized into fresh donor, fresh non-donor, frozen donor, frozen non-donor, and embryo banking. Based on end users, the assisted reproductive technology market is classified into fertility clinics, hospitals, and other end user.3
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