In Vitro fertilization to Continue to Witness Maximum Demand in Global Assisted Reproductive Technology Market

The global market for assisted reproductive technology has witnessed a significant rise in research and development activities, introduction of technologies and procedures that ensure a high level of efficacy, and a vast rise in demand across non-conventional regional markets. The market is treading along a healthy growth path and is expected to witness a significant rise in valuation over the next few years. A number of factors are working in coherence to bring promising growth opportunities to the market, including delay in childbearing age, rising incidences of infertility, high rate of success of assisted reproductive technology treatments, and increase in number of fertility clinics across the globe.

Transparency Market Research estimates in a recent market research report that the global market for assisted reproductive technology, which valued at US$2,210.0 mn in 2016, will expand at a CAGR of 6.3% from 2017 to 2025 and reach a valuation of US$3,779.0 mn by 2024.

In this blog post, TMR analysts highlight some of the key trends in the global assisted reproductive technology market in present times:

Which assisted reproduction technology is most preferred at present?

A variety of assisted reproductive technologies are in practice across the globe at present, including in vitro fertilization, surrogacy, and artificial insemination. Of these, however, the in vitro fertilization technology is most preferred across the globe. Increased consumer confidence about the efficacy of the technology is expected to allow it to remain the most preferred assisted reproductive technology in the near future as well. The in vitro fertilization technology was responsible for 62% of the overall revenue of the global assisted reproductive technology market in 2016, ascertaining the popularity of the technology. 

Surrogacy is another highly popular assisted reproductive technology in the global market and is receiving increased demand across the globe, thanks mostly to the rising demand from same-sex couples. Factors such as low cost of surrogacy in developing economies, rising incidence of reproductive tourism,  cross border reproductive care are also estimated to drive demand for the surrogacy technology in the next few years.


Which regions present most promising growth avenues for the global assisted reproductive technology market?

From a geographical standpoint, the Europe market for assisted reproductive technology is presently the dominant contributor of revenue to the global market and is likely to rake in a massive share in the global market in the near future as well. Increased support to same-sex relationships in the region is projected to play a key role in the future development of the market for assisted reproductive technology in Europe, helping it to remain one of the most promising regional markets.

Despite Europe’s leadership in the market, it is expected to witness vast expansion opportunities in regions such as North America and Asia Pacific in the next few years. North America will provide growth opportunities mostly owing to the presence of several leading vendors and the rising prevalence of a variety of reproductive conditions in the region. The market in Asia Pacific will benefit from the rising population of women of advanced reproductive age-groups, rising numbers of fertility clinics, and rising prevalence of reproductive tourism.

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