Global Sperm Bank Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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Global Sperm Bank Market: Overview
"The Sperm Bank Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
A sperm bank or cryobank is a specialized enterprise responsible for collecting, freezing, and storing sperm collected from human sperm donors. The sperm is used by women who cannot conceive for various reasons such as widows, physiological problems, etc. The sperm bank forms a legal contract with donors for two years. The process for introducing the sperm into a woman is called artificial insemination.
Rising awareness regarding the benefits of sperm banks, increasing fertility tourism, and advancements in cryopreservation techniques are major factors expected to drive global market growth over the forecast period.
In addition, the increasing obese population across the globe, as it is one of the challenging factors for low sperm count in men and infertility in women, is another factor expected to further fuel the growth of the target market over the forecast period.
Moreover, growing concerns about male and female infertility across the globe are expected to increase the demand for infertility services, such as IVF procedures and donor insemination.
Furthermore, increasing government support and funding for fertility treatment is another factor expected to boost the growth of the target market over the forecast period.
However, stringent government regulations across various countries, negative approach toward sperm banks and donors, and high operating costs of sperm banks are some major factors expected to restrain the global market growth over the forecast period.
Increasing acceptance of single-parent or same-sex families across various countries and societies is expected to create lucrative opportunities for the growth of the target market over the forecast period.
Global Sperm Bank Market: Segment Analysis
Among the donor segments, the known donor segment is expected to register the highest market share over the forecast period.
Among the service type segments, the semen analysis segment is expected to register significant growth over the forecast period, owing to increasing demand for ART procedures and semen analysis.
Among the end-user segments, the in vitro fertilization segment is expected to register significant growth over the forecast period, owing to increasing awareness regarding the benefits of IVF procedures.
Global Sperm Bank Market: Regional Analysis
The market in North America is expected to dominate the global market in terms of revenue and is expected to continue its dominance over the forecast period. This dominance is attributed to the rising incidence of infertility among the population across various countries in this region.
The market in Europe is expected to register the second-highest share in terms of revenue over the forecast period, owing to lower treatment cost compared to treatment in the US and Canada and the increasing number of IVF centers across various countries region.
The market in the Asia Pacific is expected to register significant growth in CAGR over the forecast period, owing to increasing demand for ART and low-cost treatment across various countries in this region. In addition, a supportive legislative framework across various countries is another factor expected to support the growth of the target market in this region.
Global Sperm Bank Market Segmentation:
Segmentation by donor type:
- Known Donor
- Anonymous Donor
Segmentation by Services Type:
- Sperm Storage
- Semen Analysis
- Genetic Consultation
Segmentation by end-user:
- Donor Insemination
- In vitro Fertilization
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Xytex Corp.
- Androcryos – Andrology Lab & Sperm Bank
- New England Cryogenic Center Inc.
- Cryos International ApS
- Fairfax Cryobank, Inc.
- California Cryobank, Inc.
- European Sperm Bank ApS
- Phoenix Sperm Bank
- London Sperm Bank
- Indian Spermtech
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