Product ID: SQMIG35G2228
Global Assisted Reproductive Technology Market Size, Share, Growth Analysis, By Technique(In Vitro Fertilization (IVF), Artificial Insemination (AI-IUI)), By Procedure(Fresh Donor, Fresh Non-donor), By End User(Hospitals, Fertility Clinics) - Industry Forecast 2024-2031
Report ID:
SQMIG35G2228 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
91 |
Figures:
76
Global Assisted Reproductive Technology Market Dynamics
Assisted Reproductive Technology Market Driver
- Rising prevalence of infertility is accelerating market growth
The rising frequency of infertility, particularly in China, the United States, the United Kingdom, and India, is likely to drive up demand for ART. According to the National Survey of Family Growth (NSFG), approximately 6.7% of women aged 15 to 44 years in the United States were infertile in 2018. Furthermore, the male population has a greater frequency of infertility internationally, which is expected to accelerate the expansion of the fertility services market. According to data published in the Oxford Journals, one in every ten men in the United Kingdom aged 16 to 74 years has suffered infertility. Sedentary lifestyles, growing stress levels, and obesity among the general population are some of the key factors contributing to the rising prevalence of infertility. As a result, it is likely to drive global demand for ART technology. In addition, several governments and non-profit organizations in developed and developing nations are actively interested in assisting the general people with the goal of providing fertility treatments at low cost. As a result, such measures are expected to promote the growth of the assisted reproductive technology market throughout the forecast period.
Assisted Reproductive Technology Market Restraint
- The high cost of assisted reproductive technology may impede the market
The high expense of treatment and the socio-ethical stigma connected with the operations are some of the key challenges restricting the global market acceptance of these technologies. According to the World Health Organization (WHO), most women in developing nations cannot afford infertility treatment because to the exorbitant cost.
Global Assisted Reproductive Technology Market Report Snapshots
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