Assisted Reproduction sees a Superb Growth in India and World
Assisted Reproductive Technology (ART) has grown exponentially in the last few years and is now more and more available to people from middle class even across the world, including India also. India is poised to be the leader in the world of Assisted Reproduction with rapid growths in the number of ART centers in almost all the big cities of India. ART today is a 30 billion dollar industry in India with over 3000 clinics across the country.
As per Transparency Market research, the global assisted reproductive technology market, that include in vitro fertilization, embryo donation and genetic engineering, is expected to be worth 37,790 million dollar by the end of 2025 from 22,100 million dollar in 2016. Between the forecast years of 2017 and 2025, the global market is expected to rise more than 7%. The fresh non donor segment accounted for a leading share in the global assisted reproductive technology market in 2016 and is likely to remain similarly dominant in the coming years also. Geographically, Asia Pacific, including Japan and South Korea is the leading contributor to the global assisted reproductive technology market.