Infertility Market: R&D Expeditions in Artificial Reproductive Technology (ART) Propels Growth
Improved mindfulness and sensitization amongst the global populace about the advantages of infertility treatment, coupled with changing attitudes and elimination of taboos are attributed to bear a steady growth roadmap for global infertility treatment market .A new report by Adroit Market Research takes a detailed look into ongoing industrial developments and their subsequent implications to encourage logical business decisions in the forthcoming years.
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Conditions such as diabetes and obesity which are also growing exorbitantly owing to lifestyle challenges, poor work life balance and the like have consistently impacted anatomical functions of women, more specifically working women, thus resulting in infertility issues. Additionally, growing women workforce, and their commitment towards professional excellence have encouraged them to delay family planning initiatives which is also attributed to several complications such as miscarriage and infertility. These prevalent conditions are poised to slate an optimistic growth route for global ‘infertility’ market in the upcoming times.
As infertility concerns are growing exponentially globally, advanced technologies such as Assisted Reproductive Technology (ART) is becoming a mainstream infertility treatment standard globally. Various R&D initiatives and private-public partnerships are underway to support further advances in ART. Technological innovations such as invitro fertilization (IVF) are coming up as effective infertility treatment methods that are gaining quick momentum.
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Government Initiatives towards ART Advances Likely to Fuel Enormous Growth
Besides technological advances in infertility treatment space and Assisted Reproductive technologies, government initiatives towards improving reproductive therapeutics are anticipated to stoke market growth. These initiatives are rampant across both developing and developed countries alike. To cite an instance, Indian government has recently approved Assisted Reproductive Technology Regulation Bill 2020 to support women welfare. These developments are poised to ensure a lucrative growth prospect for infertility market.
Key Segments in the “Global Infertility Treatment Market” are-
By Product market is segmented into-
- Equipments
- Accessories
- Media & Consumables
By Procedure market is segmented into-
- Artificial Insemination
- Assisted Reproductive Technology
- Fertility surgeries
By Patient type market is segmented into-
- Female infertility treatment
- Male infertility treatment
By End-user market is segmented into-
- Cryobanks
- Research Institutes
- Fertility Centers
- Hospitals & Clinics
By Geography, market is segmented into-
- Europe
- North America
- Asia Pacific
- Middle East & Africa
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