Assisted reproductive technology market to grow at 5.79% CAGR until 2027

The fertility clinic segment is projected to witness notable market share growth within the period.

The global market for assisted reproductive technology (ART) is expected to grow by $8.23b until 2027 at a compound annual growth rate (CAGR) of over 5.79%, according to a Technavio report.

Moreover, the report revealed that the market has witnessed notable growth, particularly in intratubal insemination and fertility clinics.

ALSO READ: Prenatal testing market projects 12.6% CAGR growth until 2028

By application, the fertility clinic segment is expected to dominate market share growth within the forecast period amidst the increasing demand for ART solutions.

Overall, the market is driven by rising infertility rates, technological advancements, and a growing awareness of ART.