Assisted Reproductive Technology Market Size, Share, Growth Analysis, By Product(Instrument, Accessory & Disposable and Reagents & Media), By Technology(In Vitro-Fertilization, Artificial Insemination and Others), By End User(Fertility Clinic, Hospital, Surgical Center and Clinical Research Institute), By Region - Industry Forecast 2024-2031

Global Assisted Reproductive Technology Market size was valued at USD 25.30 Billion in 2022 poised to grow from USD 26.67 Billion in 2023 to USD 40.67 Billion by 2031, growing at a CAGR of 5.40% in the forecast period (2024-2031). 

Assisted Reproductive Technology (ART) helps single persons or couples conceive through the application of medical practices and methods. These technologies are aimed at helping those unable to conceive naturally or need additional assistance in fertility combating different impediments and challenges. Assisted reproductive technologies (ART) are a wide-ranging term for several treatments including in vitro fertilization (IVF), intracytoplasmic sperm injection (ICSI), gamete intrafallopian transfer (GIFT), zygote intrafallopian transfer (ZIFT), and gestational surrogacy. These techniques involve the handling of human sperm, eggs and embryos in vitro, leading to the insertion of such embryos into a woman’s uterus or fallopian tube.     

The prevalence of infertility is rising, funding for infertility services is coming from both private and public organizations, awareness of infertility treatment and surrogacy is growing, and technological advancements in assisted reproductive technology are the main factors driving the growth of the global market for these services. The World Health Organization (WHO) estimates that 48 million couples and 186 million individuals will receive an infertility diagnosis in 2020. The Centres for Disease Control and Prevention (CDC) estimate that 6% to 12% of American women with PCOS also had an infertility diagnosis. Consequently, rising PCOS incidence raises the risk of infertility and propels the market for assisted reproductive technologies. 

US Assisted Reproductive Technology Market  is poised to grow at a sustainable CAGR for the next forecast year.