Artificial Womb Facility Market to hit USD 520.65 Mn by 2029 at a CAGR of 8.95 percent

The market is driven by advances in technology and medical research, which are leading to the development of sophisticated and effective extrauterine support systems.

(EMAILWIRE.COM, July 13, 2023 ) Maximize Market research expects, the Artificial Womb Facility Market to grow from USD 285.54 Bn in 2022 to USD 520.65 Mn in 2029 at a CAGR of 8.95 percent.

Artificial Womb Facility Market Report Scope and Research Methodology

The objective of the report is to forecast the global Artificial Womb Facility market based on segments, manufacturers and regional distribution. The bottom-up approach has been used to estimate the market size while the SWOT analysis was used to provide the strengths and weaknesses of the Artificial Womb Facility key players in the industry.

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Artificial Womb Facility Market Dynamics

The increasing demand for assisted reproductive technologies (ART) and fertility treatments, which are becoming more common due to delayed childbearing and increasing fertility rates is one of the major drivers of the market. The lack of clear regulatory frameworks and ethical guidelines for the use of artificial womb facilities is one of the main restraints of the market.

Artificial Womb Facility Market Regional Insights

North America is expected to dominate the global market due to the high prevalence of preterm births and the presence of a large number of health providers and research institutions.

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Artificial Womb Facility Market Segmentation

By Technology
Bioreactors
Extrauterine support devices
Others

By Facility
Neonatal intensive care units (NICUs)
Birthing centres
Others

By Application
Prenatal care
Neonatal care

By End-User
Hospitals
Neonatal care centres
Others

Artificial Womb Facility Key Competitors include:

The Children's Hospital of Philadelphia
Womb Institute
Preterm Birth Initiative
Emmaus Life Sciences
Virtus Health
Institut für Labortechnik
Biotex
TissUse GmbH
University of Zurich
Utrecht University
Juntendo University
Tokyo Women's Medical University

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Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:

AI in Medical Imaging Market- The market size is expected to reach USD 27.52 billion by 2029 at a CAGR of 34.3 percent during the forecast period.

Human Resource Technology Market- The market size is expected to reach USD 39.60 billion by 2029 at a CAGR of 7.7 percent during the forecast period.

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Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

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