ASSISTIVE REPRODUCTIVE TECHNOLOGY MARKET ANALYSIS
Global assistive reproductive technology market size was valued at US$ 23,669.2 Mn in 2018, and is expected to witness a CAGR of 5.3% during the forecast period (2019–2027).
Figure 1. Global Assistive Reproductive Technology Market Share (%), By End User, 2019-2027
Source: Coherent Market Insights Analysis (2019)
Market Trends
North America is expected to hold dominant position in global assistive reproductive technology market, due to increasing awareness about fertility treatments, and rising number of hospitals, and ART procedures. For instance, in U.S. 2015 according to National Center For Chronic Disease Prevention and Health Promotion, approximately 38.1% of ART procedures were carried out for age group <35 yrs., and 21.0 % procedures are performed for people in the age group of 35 to 37 years. Such increasing demand for ART procedures is expected to drive the global assistive reproductive technology market growth.
Furthermore, Europe is expected to witness considerable growth in the global assistive reproductive technology market due to increasing number of ART cycles. For instance, in 2014 according to the European society of Human Reproduction and Embryology (ESHRE), around 800,000 treatment cycles were performed from 39 countries in Europe.
Figure 2. Global Assistive Reproductive Technology Market Share (%) Analysis, By Region, 2019 and 2027
Source: Coherent Market Insights Analysis (2019)
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