Assisted Reproductive Technology Market: USD 8.23 Bn Rise, US Dominance, Strategic Industry Expansion
The assisted reproductive technology market is set to expand, projecting a USD 8.23 billion increase by 2027 at a robust CAGR of 5.79%. The US dominates, contributing USD 4.95 billion in annual revenue. Companies are actively pursuing market expansion strategies to leverage this growth phase of this sector. The market is segmented by application—fertility clinics, hospitals—and type—IVF, artificial insemination. Geographically, it covers Europe, North America, Asia, and RoW.
Navigating Market Dynamics and Trends in the ART Landscape
- Driving the global ART market are heightened awareness, societal shifts, rising infertility rates, and evolving ART techniques. Technavio's insights guide businesses in seizing growth opportunities and navigating market trends effectively.
- When it comes to trends, the growing preference for ART among single parents in developed nations, fueling market advancements globally.
Assisted Reproductive Technology Market Analysis
Despite its promising growth, ART faces challenges, primarily the side effects of treatments that can hinder market expansion.
Major market players like Cook Group Inc., CRITEX GmbH, Cryolab Ltd., and others shape the landscape. Cook Group Inc., for instance, offers ART services through products like MNC Benchtop incubators.
In conclusion, the ART market rides on increasing awareness and technological advancements. Challenges notwithstanding, key players drive innovation and market growth, promising a transformative landscape ahead. Download Assisted Reproductive Technology Market Sample Report Now
Assisted Reproductive Technology Market Highlights of the Report for 2023-2027
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will drive assisted reproductive technology market growth during the next five years
- Precise estimation of the assisted reproductive technology market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the assisted reproductive technology market industry across Europe, North America, Asia, and ROW.
- A thorough analysis of the market’s competitive landscape and detailed information on market players
- Comprehensive details of factors that will challenge the growth of Assisted Reproductive Technology Market Players