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Assisted Reproductive Technology (ART) Market – By Type (Product, Procedure Type [Fresh Donor, Fresh Non-donor, Frozen Donor, Frozen Non-donor], Technology [IVF, Artificial Insemination]), End-User (Hospital, Fertility Clinic) – Global Forecast (2024 – 2032)
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Assisted Reproductive Technology (ART) Market
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Premium Report Details
Base Year: 2023
Companies covered: 16
Tables & Figures: 196
Countries covered: 19
Pages: 125
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Assisted Reproductive Technology Market Size
Assisted Reproductive Technology Market size was valued at around USD 34.7 billion in 2023 and is estimated to grow at 6.9% CAGR from 2024 to 2032. Assisted reproductive technology refers to a medical treatment procedure that addresses infertility problems. It includes in-vitro fertilization and artificial insemination. Increasing success rates of these procedures has offered more effective care solutions in hospitals, fertility clinics and surgical centers.
The rising prevalence of infertility across the population base serves as a significant driver for the ART market. According to the World Health Organization (WHO), in 2023, around 17.5% of the adult population – roughly 1 in 6 worldwide experience infertility, showing the urgent need to increase access to affordable, high-quality fertility care for those in need. Further, as per the same report, lifetime infertility prevalence was 17.8% for high-income countries and 16.5% for low- and middle-income countries. As fertility rates decline globally, individuals and couples are increasingly turning to ART services to overcome infertility challenges and achieve their family-building goals.
Furthermore, increasing shift towards infertility treatment devices, rising adoption of infertility drugs, advancement in mother care products, rising healthcare expenditure globally, government initiatives and funding, and increasing education & awareness, are the increasing factors nurturing the growth of the market.
Assisted Reproductive Technology Market Trends
With the evolution of societal attitudes and the growing acceptance of ART, there is a rising trend among individuals and couples to utilize these advanced reproductive technologies to surmount infertility challenges and achieve their aspirations of parenthood.
ART Market Analysis
Based on type, the market is bifurcated into product and procedure. The procedure segment is estimated to account for USD 58.6 billion by 2032.
Based on end-user/provider, the assisted reproductive technology market is divided into hospitals, fertility clinics, and other end-users/providers. The fertility clinics segment accounted for USD 18.8 billion in 2023.
U.S. assisted reproductive technology market is anticipated to grow at CAGR of 6.5% during the analysis timeframe.
Germany assisted reproductive technology (ART) market is anticipated to witness lucrative growth between 2024 – 2032.
Japan assisted reproductive technology market is expected to grow significantly over the years.
South Africa ART market is anticipated to witness lucrative growth between 2024 – 2032.
Assisted Reproductive Technology Market Share
The assisted reproductive technology industry is highly competitive, marked by several players striving for market dominance. Providers offer comprehensive products and procedures with improved efficiency and affordability. This includes advancements in catheters, needles, media, incubators, and vitrification devices. Competition is driven by factors such as the quality, reliability, performance, cost, and compliance with regulatory standards. Strategic partnerships with companies and healthcare networks play a crucial role in market positioning.
Assisted Reproductive Technology Market Companies
Some of the eminent market participants operating in the assisted reproductive technology industry (ART) include:
Assisted Reproductive Technology Industry News:
The assisted reproductive technology market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Type
Market, By End-user/Provider
The above information is provided for the following regions and countries: