Saudi Arabia Assisted Reproductive Technology Market Size & Outlook
Saudi Arabia assisted reproductive technology market, 2018-2030 (US$M)
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Saudi Arabia assisted reproductive technology market highlights
- The Saudi Arabia assisted reproductive technology market generated a revenue of USD 383.0 million in 2023 and is expected to reach USD 563.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.7% 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 383.0 million |
| Market revenue in 2030 | USD 563.7 million |
| Growth rate | 5.7% (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, Saudi Arabia 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 Middle East & Africa, Saudi Arabia assisted reproductive technology market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 563.7 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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Saudi Arabia 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 97.47% in 2023. Horizon Databook has segmented the Saudi Arabia assisted reproductive technology market based on in vitro fertilization (ivf), artificial insemination covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia’s current population is 34.81 million people and is projected to grow until 2060. In contrast, the fertility rate has declined from 7 children per woman in 1960 to less than 3 in 2020 in the country.
According to Collier's study, in the MENA region and Saudi Arabia, fertility rates are declining due to an increase in female literacy and a desire for economic independence, which has led to late marriages. In addition, men are preferring to start families later in life, and the rise of lifestyle disorders (diabetes & obesity) has increased the demand for infertility treatments.
Numerous studies, including those published by the Global Diabetes Community, have demonstrated a direct and indirect association between diabetes and obesity in male & female infertility.
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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 country-level data and insights on the Saudi Arabia assisted reproductive technology market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia assisted reproductive technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia assisted reproductive technology market size, by type, 2018-2030 (US$M)
Saudi Arabia Assisted Reproductive Technology Market Outlook Share, 2023 & 2030 (US$M)
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