North America Assisted Reproductive Technology Market Size & Outlook
North America assisted reproductive technology market, 2018-2030 (US$M)
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North America assisted reproductive technology market highlights
- The North America assisted reproductive technology market generated a revenue of USD 6,135.9 million in 2023.
- The market is expected to grow at a CAGR of 4.8% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 6,135.9 million |
| Market revenue in 2030 | USD 8,528.5 million |
| Growth rate | 4.8% (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, North America region accounted for 22.2% 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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North 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 91.46% in 2023. Horizon Databook has segmented the North 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.
North America dominated the market in 2021. The fertility rate in North America has been decreasing over the years. Delay in pregnancy and lifestyle changes are among the factors contributing to the decline.
This coupled with increasing disposable income of the population is resulting in high adoption rate of ART. The growth of the region is also attributed to the large number of medical institutions offering ART-based services.
According to the CDC, more than 4 million births are performed using IVF in the U.S. each year. The government is undertaking various initiatives to remove the stigma & hesitation around ART and raise public awareness through advertising & policies, which are likely to propel market growth.
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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 continent-level data and insights on the North America assisted reproductive technology market , including forecasts for subscribers. This continent databook contains high-level insights into North America assisted reproductive technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America assisted reproductive technology market size, by country, 2018-2030 (US$M)
North America Assisted Reproductive Technology Market Outlook Share, 2023 & 2030 (US$M)
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