U.S. Assisted Reproductive Technology Market - Industry Outlook & Forecast 2022-2027
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The market for assisted reproductive technology in the United States was valued at USD 3.05 billion in 2021 and is expected to reach USD 4.55 billion by 2027, growing at a 6.90 per cent CAGR during the forecast period.
The increasing prevalence of infertility, changing lifestyle of people causing infertility, growing acceptance of ART procedures, and rising number of fertility clinics are the major factors driving the growth of the U.S. assisted reproductive technology industry.
TRENDS
The growing number of single parents and same-sex couples in the United States is driving the growth of the assisted reproductive technology market. Governments worldwide are legalising infertility treatment for same-sex couples and single parents.
Technological advancements and innovations in ART contribute to the growth of the assisted reproductive technology market in the United States.
For example, laser technology is now being used in ART to shorten procedure times and improve the consistency and reproducibility of traditional ART techniques.
Rising venture capital and private equity investment in infertility services are propelling the assisted reproductive technology industry in the United States.
领英推荐
Over 75 fertility-related firms received USD 178 million from private investors in 2017 alone to expand the Assisted Reproductive Technology Global Market.
Expanding financial assistance programmes and employer benefits for infertility treatment helps the industry grow.
Many employers pay more attention to personal health issues, particularly infertility among employees. They offer a variety of benefits, including fertility leaves and fertility allowances for infertility treatment.
Key players with extensive infrastructure and R&D support are expanding their footprint in the industry by implementing various marketing strategies to gain traction with end-users and increase their market presence.
To increase product profit margins, vendors should actively seek to strengthen their distribution by establishing company-owned distribution or sales networks or forming licence or distribution contracts with regional vendors.
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