Assisted Reproductive Technology market to reach $55.09 billion by 2032 with 7.68% CAGR
From GlobeNewswire: 2025-03-03 09:00:00
The global Assisted Reproductive Technology (ART) market was valued at USD 28.33 billion in 2023 and is projected to reach USD 55.09 billion by 2032, with a CAGR of 7.68%. Factors driving market growth include rising infertility rates, technological advancements, increased awareness, and government initiatives. Key players include Cosmos Biomedical, CooperSurgical, and Vitrolife AB.
In 2023, In-vitro fertilization (IVF) dominated the ART market, contributing 92.1% to revenue. IVF’s success is attributed to advancements like intracytoplasmic sperm injection (ICSI) and preimplantation genetic testing (PGT). Artificial Insemination (AI) is the fastest-growing segment, offering less invasive and cost-effective options. Fertility clinics hold over 80% market share, providing specialized expertise and comprehensive treatment plans.
Europe led the global ART market in 2023 due to well-established healthcare infrastructure, government support, and advanced technology in fertility clinics. Countries like the UK, Spain, and Denmark offer robust reimbursement policies, attracting patients for quality yet cost-efficient treatments. Medical tourism to European nations for ART services also contributes to market growth. In February 2025, GenPrime and Genea Fertility formed a partnership to enhance fertility treatment services in Thailand and Southeast Asia. SpOvum introduced an AI platform for personalized support in ART, and Ivy Fertility collaborated with SMP Pharmacy Solutions to improve patient experiences. Approximately 15% of couples globally face infertility issues, with 2.5 million ART cycles performed worldwide. Europe leads in ART success rates, with global expenditure on ART procedures reaching $25 billion. The market for ART-related medical devices is expected to grow by 6% annually, with Asia-Pacific showing the highest growth.
Read more at GlobeNewswire: Assisted Reproductive Technology Market Size to Hit USD