South Africa Assisted Reproductive Technology Market Size & Outlook
South Africa assisted reproductive technology market, 2018-2030 (US$M)
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South Africa assisted reproductive technology market highlights
- The South Africa assisted reproductive technology market generated a revenue of USD 141.3 million in 2023 and is expected to reach USD 206.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.5% 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 141.3 million |
| Market revenue in 2030 | USD 206.0 million |
| Growth rate | 5.5% (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, South Africa accounted for 0.5% 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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South Africa 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 96.96% in 2023. Horizon Databook has segmented the South Africa assisted reproductive technology market based on in vitro fertilization (ivf), artificial insemination covering the revenue growth of each sub-segment from 2018 to 2030.
In April 2015, Southern African Society of Reproductive Medicine and Gynecological Endoscopy (SASREG) updated its yearly activities. The announcement started with the SASREG national congress that was held from October 30 to November 1, 2015, pertaining to infertility and laparoscopy.
In addition to SARA, a new initiative to establish African Network and Registry for ART is on the list of potential projects. SASREG has a strong link with international bodies such as American Association of Gynecologic Laparoscopists, International Federation of Fertility Societies, International Committee Monitoring ART.
The society is planning to involve the government in the IVF accreditation process to obtain legal certification and raise the standard of IVF clinics in South Africa. Moreover, Merck Serono has generously offered grants to be awarded to embryologists in training, to encourage research in the field of reproductive biology.
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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 South Africa assisted reproductive technology market , including forecasts for subscribers. This country databook contains high-level insights into South Africa assisted reproductive technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa assisted reproductive technology market size, by type, 2018-2030 (US$M)
South Africa Assisted Reproductive Technology Market Outlook Share, 2023 & 2030 (US$M)
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