Global Assisted Reproductive Therapy (ART) Market
Global Assisted Reproductive Technology Market By Type, By Procedure, By Geographic Analysis And Forecast
According to Verified Market Research, The Global Assisted Reproductive Technology Market was valued at USD 12,195.4 Million in 2018 and is projected to reach USD 19,667.1 Million by 2026, growing at a CAGR of 6.27% from 2019 to 2026.
Assisted reproductive therapy (ART) for the purposes of this report can be defined as fertility treatments involving the handling of eggs and sperm. ART procedures are carried out in order to optimize success in achieving live births. Infertility is clinically defined as the failure to achieve pregnancy; both the man and woman must be evaluated to determine the cause of infertility.
Female infertility can result from physiological problems, hormonal issues as well as a lifestyle or environmental factors. Other factors include age, weight factors, ovulation disorders, endometriosis, and tubal factors. Male infertility causes genetics, hormonal imbalances, sperm DNA damage, weight factors, use of tobacco and more.
The nature of the healthcare system, the average cost of treatment, economics, government regulations as well as the increasing availability of high technology services are influencing the growth of the market. With the expanding scope of technology, there can be seen to be great diversity in the availability of various forms of ART treatments as well as their data‐monitoring mechanisms.
Factors such as the acceleration in the rate of infertility related cases are affecting the market. Globally, there has been a notable increase in infertility due to several reasons, one of the main ones being changing lifestyles. Lifestyle plays a considerable role in determining the body’s physiology, these factors can range from problems such as the adverse effect caused due to the consumption of alcohol and drugs to the modern work culture which more often than not requires a minimal amount of physical activity, and increased stress. Reduced fertility rates are also seen to be caused due to the increase in the expenses of raising a child in the modern economy. Infertility in women can also be an age-related issue.
There is a notable increase in awareness of ART procedures among women compared to the last decade. This awareness can be attributed to the growth in acceptance and therefore positive attitude among women regarding the topic of fertility treatments and infertility worldwide. With factors such as improved technology as well as the overall increased access to information, obstetrician-gynecologists as well as patients have increased scope for safer and more effective options available to them than ever before.
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