Canada Assisted Reproductive Technology Market Size & Outlook
Canada assisted reproductive technology market, 2018-2030 (US$M)
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Canada assisted reproductive technology market highlights
- The Canada assisted reproductive technology market generated a revenue of USD 374.3 million in 2023 and is expected to reach USD 449.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 2.6% from 2024 to 2030.
- In terms of segment, in vitro fertilization (ivf) was the largest revenue generating type in 2023.
- Artificial Insemination is the most lucrative type segment registering the fastest growth during the forecast period.
Assisted reproductive technology market data book summary
| Market revenue in 2023 | USD 374.3 million |
| Market revenue in 2030 | USD 449.0 million |
| Growth rate | 2.6% (CAGR from 2023 to 2030) |
| Largest segment | In vitro fertilization (ivf) |
| Fastest growing segment | Artificial Insemination |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | In Vitro Fertilization (IVF), Artificial Insemination |
| Key market players worldwide | Micromem Technologies Inc, CooperSurgical, FUJIFILM Holdings Corp, Vitrolife AB ADR, European Sperm Bank, Merck KGaA, Ferring, Bloom IVF |
Other key industry trends
- In terms of revenue, Canada accounted for 1.4% of the global assisted reproductive technology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. assisted reproductive technology market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 8,079.5 million by 2030.
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Assisted Reproductive Technology Market Scope
Assisted Reproductive Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada assisted reproductive technology market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to assisted reproductive technology market will help companies and investors design strategic landscapes.
In vitro fertilization (ivf) was the largest segment with a revenue share of 88.41% in 2023. Horizon Databook has segmented the Canada assisted reproductive technology market based on in vitro fertilization (ivf), artificial insemination covering the revenue growth of each sub-segment from 2018 to 2030.
Assisted human reproduction operations are becoming more popular among people with infertility, single parents, and same-sex couples as a means of expanding their families. Active initiatives undertaken by the Canadian government for fertility procedures are driving market growth.
For same-sex couples, couples facing infertility problems, or those wishing to become parents themselves, the federal government will consider medical costs associated with surrogate mothers or sperm, egg, or embryo donors residing in Canada.
It includes reimbursed costs for IVF that are billed under the Medical Expense Tax Credit and payments made to Canadian fertility clinics & donor banks to qualify for the Medical Expense Credit starting this year.
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Our clientele includes a mix of assisted reproductive technology market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada assisted reproductive technology market , including forecasts for subscribers. This country databook contains high-level insights into Canada assisted reproductive technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada assisted reproductive technology market size, by type, 2018-2030 (US$M)
Canada Assisted Reproductive Technology Market Outlook Share, 2023 & 2030 (US$M)
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