SAN FRANCISCO, Sept. 1, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Assisted Reproductive Technology - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 382
Companies: 11 - Players covered include Bloom Fertility Centre; Cosmos Biomedical Ltd.; Cryolab Ltd.; European Sperm Bank ApS; Ferring Pharmaceuticals; Irvine Scientific; Microm UK Ltd; ORIGIO A/S; Ovascience Inc.; Parallabs Limited and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Fertility Clinics, Hospitals); Segment (In-Vitro Fertilization (IVF), Artificial Insemination-Intrauterine Insemination (AI-IUI), Frozen Embryo Replacement (FER), Other Segments)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Assisted Reproductive Technology Market to Reach $40.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Assisted Reproductive Technology estimated at US$24.7 Billion in the year 2020, is projected to reach a revised size of US$40.8 Billion by 2026, growing at a CAGR of 8.6% over the analysis period. In-Vitro Fertilization (IVF), one of the segments analyzed in the report, is projected to record a 8.5% CAGR and reach US$27 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Artificial Insemination-Intrauterine Insemination (AI-IUI) segment is readjusted to a revised 8.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $8.1 Billion in 2021, While China is Forecast to Reach $7.1 Billion by 2026
The Assisted Reproductive Technology market in the U.S. is estimated at US$8.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.1 Billion by the year 2026 trailing a CAGR of 8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8% and 7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7% CAGR.
Frozen Embryo Replacement (FER) Segment to Reach US$6 Billion by the year 2026
In the global Frozen Embryo Replacement (FER) segment, USA, Canada, Japan, China and Europe will drive the 10.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.7 Billion in the year 2020 will reach a projected size of US$5.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.