Global Assistive Reproductive Technology Market to Surpass US$ 37.6 Billion by 2027 – Coherent Market Insights

SEATTLE--(BUSINESS WIRE)--According to Coherent Market Insights, the global assistive reproductive technology market was valued at US$ 23.6 Billion in 2018, and is projected to exhibit a CAGR of 5.3% over the forecast period (2019–2027).

Key Trends and Analysis of the Global Assistive Reproductive Technology Market:

Key players are focusing on expansion of their assistive reproductive technology portfolios which is expected to drive the global assistive reproductive technology market growth over the forecast period. For instance, in October 2017, Irvine Scientific Company, manufacture of Assisted Reproductive Technologies (ART) products, announced an agreement with Sunlight Medical Inc., which gave Irvine Scientific exclusive U.S. distribution rights for Sunlight Medical micropipettes.

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Moreover, in July 2019, FUJIFILM Irvine Scientific, Inc. announced plans to open a third New Cell Culture Manufacturing facility in Europe. The company currently has sites in the U.S. and Japan.

Furthermore, increasing prevalence of infertility is expected to drive demand for assistive reproductive technology and support global assistive reproductive technology market growth over the forecast period. For instance, according to data published by the Global Burden of Infertility, in 2017, around 50 million couples across the globe experienced infertility issues.

Restraints of Global Assistive Reproductive Technology Market

There are two major factors restraining this market such as lack of awareness in developing economies, and issues of parental rights, and availability of alternative treatment options.

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Key Market Takeaways:

• The market is expected to exhibit a CAGR of 5.3% over the forecast period (2019–2027). This growth is attributed to frequent product launches, approvals of ART products, and increasing demand for assistive reproductive technology
• Key players in the market are involved in strategic partnerships and collaborations which is expected to facilitate growth of global assistive reproductive technology market. For instance, in December 2018, Cooper Surgical Inc. collaborated with Japan’s largest IVF hospital—Kato Ladies Clinic, for IVF development in Japan. This collaboration is expected to improve pregnancy rates and the future development of IVF procedures in Japan.
• Moreover, in August 2019, Hamilton Thorne Ltd. a provider of Assisted Reproductive Technologies ("ART") announced the acquisition of Planer Ltd., is a manufacturer of incubators, control rate freezers and lab monitoring systems for the ART.
• Key players operating in the global assistive reproductive technology market include Cooper Surgical Inc., Hamilton Thorne, Inc., FUJIFILM Irvine Scientific, Inc., Merck KGaA, Nidacon International AB, Vitrolife AB, EMD Serono, Inc., INVO Bioscience, IVFtech ApS, Gonagen Medikal, Cook Medical LLC and CellCura ASA

Report Segmentation:

• Global Assistive Reproductive Technology Market, By Product Type:
  • Consumables
  • Instruments
• Global Assistive Reproductive Technology Market, By Technology:
  • In-vitro fertilization (IVF)
    • IVF with Intracytoplasmic Sperm Injection (ICSI)
    • IVF without Intracytoplasmic Sperm Injection (ICSI)
  • Artificial Insemination-Intrauterine Insemination (AI-IUI)
  • Frozen Embryo Replacement (FER)
  • Others
• Global Assistive Reproductive Technology Market, By Procedure:
  • Fresh Donor
  • Frozen Donor
  • Fresh Nondonor
  • Frozen Nondonor
  • Embryo/Egg Banking
  • Others
• Global Assistive Reproductive Technology Market, By End User:
  • Fertility Clinics
  • IVF Center
  • Hospital
• Global Assistive Reproductive Technology Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Europe
    • By Country:
      • U.K.
      • Germany
      • Italy
      • France
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • ASEAN
      • Australia
      • South Korea
      • Rest of Asia Pacific
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Middle East
    • By Country:
      • GCC
      • Israel
      • Rest of Middle East
  • Africa
    • By Country/Region:
      • Central Africa
      • South Africa
      • North Africa
• Company Profiles