Extensive market research on assisted reproductive technologies in a new research publication titled “Assisted Reproductive Technology Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025” focuses on the challenges, trends, restraints, opportunities and drivers of the market for assisted reproductive technology along with competitive analysis and forecasts for the period 2017-2025. An in-depth market segmentation has been carried out to cover all angles within the market that have a direct influence over its growth. The global market for assisted reproductive technology is anticipated to grow at a significant growth rate during the period of forecast. The market analysis and revenue estimations (US$ Mn) are carried out across important geographies of North America, Europe, Latin America, Asia Pacific (APAC) and Middle East and Africa (MEA).
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Global Assisted Reproductive Technology Market: Dynamics
The global market for assisted reproductive technology has witnessed accelerated growth in the recent years owing to increased commonness of infertility as well as increase in disposable income of people. Higher disposable income has made it possible for consumers to receive advanced medical treatments and solutions on a large scale. Development of new technologies, new innovations in the medical devices field, development of devices for ARdT procedure to ensure higher success rate along with rising awareness and adoption of IVF and surrogacy have been playing a major role in driving the growth of the worldwide market for assisted reproductive technology.
The global market for assisted reproductive technology is categorized by technology (in vitro fertilization, surrogacy, artificial insemination and others), by procedure (frozen donor, fresh donor, frozen non-donor, fresh non-donor and embryo banking), by end user (hospitals, fertility clinics and others) and by geography (North America, Latin America, Europe, Asia Pacific and Middle East and Africa).
In Vitro Fertilization segment poised to lead the global assisted reproductive technologies market
In vitro fertilization segment by technology is expected to govern the global market – in 2016, it accounted for a market share of about 62% in the global market for assisted reproductive technology and this high growth trend is expected to continue throughout the period of forecast. The increasing demand of citizens for in vitro fertilization procedures due to their awareness of its efficacy is one of the main reasons supporting dominance of the segment. Preimplantation genetic diagnosis, a sub segment of the in vitro fertilization segment, is more likely to hold a bigger hand and contribute to the development of the market for assisted reproductive technology on a global scale.
Fresh Non-Donor segment dominates the global market
Fresh non-donor segment by procedure type is expected to govern the market throughout the period of forecast. The fresh non-donor segment reflected a market share of about 51.8% in 2016 and is expected to maintain its lead in the global market for assisted reproductive technology during the forecast period.
Europe is the most lucrative region
By geography, Europe is more lucrative and shows higher market attractiveness and leads the global market.
Fertility Clinics have a major contribution in boosting the growth of the market for assisted reproductive technology
The rise in demand for fertility clinics has aided in boosting the growth of the market for assisted reproductive technology on a global scale. Developing economies like the Asia Pacific is more likely to witness potential growth in the global market for assisted reproductive technology due to the rising number of fertility clinics in countries such as China, India and Japan. The global market for assisted reproductive technology is also impacted positively by the increasing demand from same sex couples.
The comprehensive report on the assisted reproductive technology market features a separate section on key players along with their complete profiles including their contribution in the global market for assisted reproductive technology. Key tier players such as Nikon Corporation, Esco Micro Pte. Ltd. (Esco Group), Planer PLC, Laboratoire CCD, Nidacon International AB, Hamilton Thorne, Inc., Vitrolife AB, Irvine Scientific, CooperSurgical, Inc., Merck and others are profiled in the report.
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