US Assisted Reproductive Technology (ART) Market to Hit
Chicago, March 24, 2022 (GLOBE NEWSWIRE) — According to the Arizton research report, the rise in the prevalence of infertility, the increase in the number of fertility clinics, the changing lifestyle of people leading to infertility, growing acceptance of ART procedure are some of the factors driving the United States Assisted Reproductive Technology (ART) market growth over the forecast period.
Other factors include growing number of ART device manufacturing companies, high investments from private and public players and increase in financial aid programs which are also contributing to the growth of the overall reproductive technology market. assisted.
Assisted Reproductive Technology (ART) Scope of the market report
|MARKET SIZE (2027)||$4.5 billion|
|CAGR (2022-2027)||7% (2022-2027)|
|YEAR OF REFERENCE||2021|
|MARKET SEGMENT BY TYPE||Services (Source (frozen non-donor, fresh non-donor, fresh donor and frozen donor)|
|MARKET SEGMENT BY AGE GROUP||Between 35 and 40, under 35 and over 40|
|MARKET SEGMENT BY TECHNIQUE||In virto fertilization (IVF), frozen embryo transfer (FET) and others)|
|MARKET SEGMENT BY DEVICES||Product (consumables, media and equipment)|
|MARKET SEGMENT BY END USER||Fertility clinics and hospitals|
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Increase acceptance ohf Artistic procedures
The growing popularity of single women opting for motherhood through organizations such as Single Mothers by Choice and Choice Mom is fueling the demand for assisted reproduction. Growing awareness of the availability of ART, its success rate and its benefits, especially in developing economies, is also increasing the demand for ART. For example, the aggressive marketing strategies of fertility clinics, the availability of flexible payment options, and the increase in digital marketing of fertility services by private fertility centers are driving positive awareness of the fertility industry. fertility and its services.
- Market Size and Forecast by Revenue | 2021−2027
- Market Dynamics – Key Trends, Growth Drivers, Restraints and Investment Opportunities
- Market Segmentation – A detailed analysis by type, age group, technique and devices
- Competitive Landscape – 6 key vendors and 8 other top manufacturers, and 38 top ART service providers are profiled in the report
Increase in venture capital and private equity investments in infertility services
The entry of venture capitalists and private capital is renewing the entire fertility services industry. Some spend on advertising and a deliberate strategy to reach working married women who are not yet trying to conceive. New investors are discovering the appeal of infertility treatment after seeing the success of recent investments and establishing fertility clinics with sophisticated infrastructure.
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US Assisted Reproductive Technology (AT) Market Segmentation Analysis
Segmentation by type
- Non-donor frozen
- Fresh non-donor
- fresh donor
- Donor Frozen
Segmentation by age range
- Between 35 & 40 years old
- Under 35
- Over 40 years
Segmentation by Technical
- In Virto Fertilization (IVF)
- Frozen Embryo Transfer (FET)
Segmentation by Devices
- Final user
- Fertility clinics
Assisted Reproductive Technology in the United States (ART) Overview of market vendors
Major vendors in the market include Cooper, Cook Medical, FUJIFILM Irvine Scientific, Hamilton Throne, Merck KGaA, and Vitrolife. With the growing demand for infertility treatment in the United States, the market share of these vendors is expected to increase in the coming years. However, the big players face fierce competition from emerging players. In addition, major players are forming strategic alliances by entering into co-marketing agreements to increase their competitiveness and penetration in the US Assisted Reproductive Technology (ART) market.
Other important vendors include Carl Zeiss, Esco Lifesciences, Gynemed, Kitazato USA, Nidacon, Rocket Medical, Thermo Fisher Scientific and Thomas Medical. These vendors compete with each other by providing affordable ART devices to fertility clinics and hospitals. Although the major players are dominating the market and other players are also focusing on providing low cost ART solutions to their customers. Vendors are actively aiming to introduce innovative devices to penetrate and utilize the huge growth potential prevailing in the market. Technological advancements and innovations in the field of ART provide tremendous growth opportunity for vendors.
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