Assisted Reproductive Technology (ART) Market Trends

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.
 

• Over time, societal norms and values regarding family formation, parenthood, and reproductive options have evolved. There is greater acceptance and recognition of diverse family structures, including single-parent families, same-sex couples, and individuals pursuing parenthood independently.
   
• For instance, according to the Department of Health, State Government of Victoria, Australia, in 2024, single-male-parent families are the fastest growing family, increasing between 44% to 65% by 2041. As per the same report, single-female-parent families are projected to make up 13% to 14% of all families in 2041.
   
• Further as per the recent statistics, in the 1950s, less than 10% of families with children were single parent, whereas in 2022, among families with children, 31% were single-parent — more than three times as common.
   
• Increased cultural and religious acceptance of ART, coupled with a desire to adhere to cultural and religious values while addressing infertility, and utilizing fertility testing devices, leading to greater utilization of ART services among diverse populations, thereby stimulating the growth of the market.