The global assisted reproductive technology (ART) market was valued at USD 21.32 billion in 2018 and is projected to reach USD 45.06 billion by 2026, growing at a CAGR of 9.8% during the forecast period. In 2018, Europe led the global market with a share of 41.18%.

Assisted reproductive technologies, also known as assisted reproductive treatments, include various techniques used to address infertility. These treatments encompass a wide range of procedures tailored to the specific causes of infertility.

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Top Companies in the ART Market

• Bloom IVF Centre
• California Cryobank
• CARE Fertility
• Monash IVF Group
• Carolinas Fertility Institute
• European Sperm Bank
• INVO Bioscience
• Apollo Hospitals Enterprise Ltd.

Key Industry Development

In August 2018, GI Partners made a significant move by acquiring California Cryobank (CCB) and Cord Blood Registry (CBR) to strengthen its position in the stem cell storage and reproductive tissue services markets. This acquisition has enabled the company to expand its footprint in the ART (Assisted Reproductive Technology) industry, offering advanced solutions for fertility treatments, stem cell preservation, and reproductive health services globally. By integrating CCB and CBR's established expertise, GI Partners aims to meet the growing demand for innovative fertility and reproductive tissue services.

Market Drivers & Restraints

Market Drivers

• Rising Infertility Rates: The global rise in infertility cases, attributed to factors such as delayed pregnancies, lifestyle changes, and environmental influences, is one of the primary drivers for the ART market.
• Technological Advancements in Fertility Treatments: Innovations in IVF, genetic screening, and embryo cryopreservation technologies are enhancing success rates and driving the adoption of ART procedures.
• Increased Awareness and Acceptance: As societal acceptance of ART continues to grow, more individuals and couples are opting for assisted reproduction to achieve their parenthood goals.
• Government Support and Initiatives: Governments worldwide are providing support through funding and policy reforms to promote fertility treatments, making ART more accessible to a larger population.

Market Restraints

• High Treatment Costs: The significant cost of ART treatments, including IVF, egg retrieval, and genetic testing, limits its accessibility, particularly in developing regions.
• Ethical and Regulatory Concerns: The regulation of ART practices and the ethical challenges surrounding reproductive technologies, including the use of donor sperm and egg, continue to hinder market expansion in certain regions.
• Complexity of Procedures: ART procedures, though effective, require highly specialized care, which can be a barrier for patients who do not have easy access to fertility clinics or medical professionals with the necessary expertise.

Market Report Coverage

The market report on Assisted Reproductive Technology (ART) provides a comprehensive overview of the current market landscape, key players, trends, and forecasts. It covers the following areas:

• Current market size and future growth projections
• Analysis of various ART procedures, including IVF, IUI, egg/sperm donation, and genetic screening
• Technological innovations and their impact on fertility treatments
• Market segmentation based on procedure type, end-user, and geography
• Key developments and partnerships within the industry

Market Competitive Landscape

The competitive landscape of the ART market is dynamic, with both established players and new entrants aiming to meet the growing demand for fertility treatments. Companies like Bloom IVF Centre, CARE Fertility, and Monash IVF Group are leading the market by offering comprehensive fertility services, including advanced IVF procedures, sperm and egg donation programs, and genetic counseling. The recent acquisition of California Cryobank by GI Partners has further intensified competition, positioning the company as a key player in the ART industry with a diversified service offering spanning stem cell storage and reproductive tissue services.

Market Segments

The ART market is segmented into several categories based on the procedure types and end-users:

• Fertility Procedures: This includes IVF, IUI (Intrauterine Insemination), egg/sperm donation, cryopreservation, and genetic screening.
• End-Users: The end-users of ART services include fertility clinics, hospitals, and sperm banks.

The fertility procedures segment is expected to dominate the market due to the increasing preference for IVF and genetic testing, which are becoming more accessible and affordable.

Market Regional Insights

The ART market exhibits significant regional variations, with North America and Europe leading in terms of market share due to advanced healthcare infrastructure, increased awareness, and high demand for ART procedures. In these regions, ART services are widely available, and there is strong government support for fertility treatments.

• North America: The North American ART market is expected to remain dominant due to high treatment success rates, advanced medical technology, and an increasing number of infertility cases.
• Europe: Europe is another key region with high market penetration, supported by well-established fertility centers and favorable healthcare policies.
• Asia-Pacific: The Asia-Pacific region is poised for rapid growth, driven by rising disposable incomes, increased healthcare investments, and improving healthcare accessibility in countries like India and China.

Future Market Scope

The ART market is expected to grow significantly in the coming years, driven by continuous advancements in reproductive medicine, increased affordability, and wider acceptance of ART procedures globally. Emerging markets in Asia-Pacific and Latin America are anticipated to see high demand due to improving healthcare infrastructure and a growing middle-class population. The integration of artificial intelligence and genetic screening technologies will further boost the market’s growth by enhancing the success rates of ART treatments and reducing the time and cost associated with fertility procedures.

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