Delayed Parenthood Decisions and Rising Instances of Infertility Cases Driving Global Assisted Reproduction Technology (ART) Market

Published By : 08 Nov 2016 | Published By : QYRESEARCH

Very recently, the World Health Organization (WHO) dramatically changed the definition of “infertility” by branding single men and women sans medical issues and wanting to have children of their own as “infertile.” This means men and women, either heterosexual or gay, would be entitled for IVF in the same manner infertile couples are, without any form of discrimination. The new norm, once implemented, would provide a significant push to the global assisted reproduction technology (ART) devices market, which has made tremendous progress since the birth of the first test tube baby in 1978. 

Europe the Largest Market for ART Devices

The market for ART devices has seen healthy growth worldwide. It is Europe, however, that has been leading it due a burgeoning childless geriatric population. Their desire for children and conducive laws in the field have boosted the market so far. The U.K., Italy, Germany, and Spain are countries that have been at the forefront of adopting ART for conceiving or having children via surrogacy. North America, follows Europe in terms of market share for ART devices. It has witnessed steady growth due to advanced technologies and favorable government initiatives. As per, Centers for Disease Control and Prevention (CDC), national public health action plan was rolled out in 2014 for detection and prevention of infertility. Asia Pacific and Latin America market too is expanding fast due to rising awareness, advanced fertility services, and growing trend of late family planning.

Frozen Nondonor Procedures is a the Most Preferred Means of Attaining Late Motherhood

Frozen nondonor procedures, in which women under 35 freeze their own eggs, to achieve pregnancy later in life, is fast becoming popular in the U.S. CDC reported that 97% women below 35 years of age used their own eggs (nondonor) while about 3% of women used donor eggs, to attain motherhood in 2012. Increased focus on career leading to delayed parenthood decisions and rising knowledge about sophisticated contraceptives and ART procedures, have primarily lead to the popularity. This procedure  is going to become further popular in the future due to changing mindset of people, thereby filliping the market for ART devices.

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