ReportsnReports.com adds new research report Global Assisted Reproductive Technology Market 2017-2021. Assisted reproductive technology (ART) is a wide range of procedures that are used to treat infertility in men and women. Generally, ART procedures include techniques, such as IVF, ZIFT, GIFT, ICSI, and artificial insemination, which help individuals to conceive a child.
The analysts forecast global assisted reproductive technology market to grow at a CAGR of 4.11% during the period 2017-2021. This report covers the present scenario and the growth prospects of the global assisted reproductive technology market for 2017-2021. To calculate the market size, the report considers the revenue generated from retail sales of ART solutions to end-users, such as infertility clinics and hospitals.
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The following companies are the key players in the global assisted reproductive technology market: Vitrolife, Ferring Pharmaceuticals, Irvine Scientific, and Cook Medical. Other Prominent Vendors in the market are: CellCura, EMD Serono, Esco Micro, IKS International (Gonagen Medikal), INVO Bioscience, IVFtech, CRITEX (MedITEX), Pantec Biosolutions, Research Instruments, and Smiths Medical.
Global Assisted Reproductive Technology Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Commenting on the assisted reproductive technology market report, an analyst said: “The latest trend gaining momentum in the market is increasing number of single-parent families. In the last few years, the number of single women using fertility clinics had doubled since the start of the decade. The large majority of single parents are either divorced or separated, widowed, or not been married. This trend of single parent families is gaining traction due to social acceptance. One major reason is that there has been a notable increase in divorces in developed countries such as the US resulting in an increased number of single parent families.”
According to the assisted reproductive technology market report, one of the major drivers for this market is increase in awareness of ART. There is a notable increase in awareness of ART procedures among women compared with the last decade. This nurtured a positive attitude and acceptance among women worldwide. The increase in awareness can be attributed to several factors such as the rise in education level among the female population and the rise in the number of working women.
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Further, the report states that one of the major factors hindering the growth of this market is lack of strict regulatory oversight and limited reimbursements. Infertility treatment is considered a lifestyle procedure rather than serious medicine. Health insurance plans commonly, but not always, pay for services related to testing for infertility. For instance, in the US, which does not have any infertility coverage mandate, most insurance policies do not cover fertility and IVF service payment.
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