Assisted Reproductive Technology Market Regional Analysis:
North American Market Insights
North America industry is anticipated to hold largest revenue share of 35% by 2035. The market demand in the region is also expected on account of the rising personal disposable income. This has led to a rise in assisted reproductive technology services since with increased income more people to afford these treatments.
Infertility treatment in the United States often involves in vitro fertilization, which is an intricate set of steps that can result in pregnancy. For instance, more than 2% of all babies born in the United States in 2021 were made possible by assisted reproductive technology. In the United States, more than 720 infants are delivered through gestational surrogacy every year since it is less complicated legally.
Besides this, in Ontario, Canada assisted reproductive technology (ART) is used in over 1% of births; this percentage has been increasing.
APAC Market Insights
The Asia Pacific region will also encounter massive revenue for the assisted reproductive technology market through 2035. The need for IVF therapy is anticipated to rise in the Asia-Pacific area since the number of travelers from across the globe is seeking medical treatments including reproductive treatment in nations like Thailand, China, Japan, India, and other nations.
The IVF business in Japan grew as a result of high levels of disposable income among Japanese citizens, and easily available financial assistance for the treatment.
China's sperm donation facilities, located in Beijing and Shanghai among other places, are urging healthy men and college students to donate their sperm following the nation's first negative population increase in 61 years. For instance, there were more than 25 human sperm banks on the Chinese mainland between 1981 and 2020.
