Latin America Assisted Reproductive Technology Market Size & Outlook
Latin America assisted reproductive technology market, 2018-2030 (US$M)
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Latin America assisted reproductive technology market highlights
- The Latin America assisted reproductive technology market generated a revenue of USD 511.5 million in 2023.
- The market is expected to grow at a CAGR of 6.4% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 511.5 million |
| Market revenue in 2030 | USD 788.0 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | In vitro fertilization (ivf) |
| Fastest growing segment | Artificial Insemination |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 1.9% of the global assisted reproductive technology market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 15,556.2 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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Latin America 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 75.41% in 2023. Horizon Databook has segmented the Latin America assisted reproductive technology market based on in vitro fertilization (ivf), artificial insemination covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for ART treatment is likely to increase in Latin America due to the lift of ban on IVF, the availability of various cost-effective techniques, and increase in affiliation of clinics with several regulatory bodies, such as the Brazilian Federal Medicine Council (CFM).
In February 2016, the InterAmerican Commission on Human Rights lifted the ban on IVF to control the drastic increase in multiple births. This decision is expected to bring international as well as national businesses.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America assisted reproductive technology market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America assisted reproductive technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America assisted reproductive technology market size, by country, 2018-2030 (US$M)
Latin America Assisted Reproductive Technology Market Outlook Share, 2023 & 2030 (US$M)
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