A report, titled, “Assisted Reproduction Technology Devices Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024,” added to the vast repository of Transparency Market Research, foretells an enhanced fortune of this market to exist owing to various favorable factors.
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The global assisted reproduction technology devices market is mainly segmented depending on product type, region, and end user/application. Region-wise, the market consists of four key segments, viz. Asia Pacific, North America, Europe, and Rest of the World. From these, North America is anticipated to remain at the forefront of the global assisted reproduction technology devices market. This is mainly due to a high acceptance of in-vitro fertilization in this region, coupled with a high rate of infertility.
Assisted reproductive technology is highly needed in case of male as well as female fertility due to certain factors. Such situations may require use of technology that can induce in-vitro fertilization, surrogacy, and other processes, thus substantially driving the market. Rapidly changing lifestyles, smoking and doping habits, and hereditary reasons are other factors that also could cause infertility to exist, thus propelling the market. These factors indirectly lead towards greater use of techniques that demand the use of reproduction technology devices. However, high initial costs and an overall less reliability existing among those affected is considerably pulling down the market’s growth. Nevertheless, companies manufacturing the devices are engaged in further developing the device technologies, intending to make them cheaper.
Owing to scores of local as well as international players pitted against each other, the vendor landscape of the global assisted reproduction technology devices market is highly fragmented. A cutthroat competition exists between most contenders as they focus on improving product portfolios as well as expanding geographically. Key players in the global assisted reproduction devices market are Parallabs, Cryolab Ltd., Origio, Parallabs, Microm UK Limited, Irvine Scientific, and European Sperm Bank Cosmos Biomedical Limited.