U.S. Assisted Reproductive Technology Market Forecast To Show Huge Growth
U.S. Assisted Reproductive Technology Market Summary The U.S. assisted reproductive technology market size was valued at USD 5.76 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2030. One of the primary factors driving market growth is the natural decline in fertility associated with increasing maternal age, which also raises the likelihood of chromosomal abnormalities and other fertility-related health conditions. Moreover, the rising incidence of infertility, along with advancements in medical technology and improving success rates of procedures like in-vitro fertilization (IVF) and artificial insemination, is expected to significantly propel the market forward during the forecast period. The fertility rate in the United States has been on a steady decline over the years. According to data published by the Centers for Disease Control and Prevention (CDC), the national birth rate fell substantially between 2007 ...