Increasing incidence of infertility cases is expected to drive global sperm bank market in the forecast period, 2023-2027.
According to TechSci Research report, “Sperm Bank Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global sperm bank market is anticipated to grow at a steady rate in the forecast period, 2023-2027. This can be ascribed to the growing prevalence of infertility among the population worldwide, especially in case of males. According to the national survey of family growth, 17% of the couple in the U.S are facing problems with infertility and among them 30% are facing problem fertility because of male donor. Additionally, genetic problems along with growing consumption of illicit drugs and toxic substances has further increased the prevalence of infertility among the population. Growing infertility contributes to an increase in demand for services such as in-vitro fertilization (IVF), donor insemination, among others. This in turn is expected to increase the demand for sperm banks.
However, high cost of artificial insemination and assistive reproduction can restrict the market growth. Additionally, the storage and proper management of sperms collected in a sperm bank can add up to a lot of cost, thereby slowing down the market growth.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on “SPERM BANK MARKET“
The global sperm bank market is segmented into by service, by donor type, by end use and by region.
Based on donor type, the global sperm bank market can be bifurcated into known donor and anonymous donor. The anonymous donor segment is expected to dominate the market since the identity of the donor remains undisclosed in this case and hence it encourages more sperm donations. While the known donor segment is expected to witness growth in the coming years since it allows the child to know the identity of his/her biological father once he reaches a certain age.
Based on end use, the global sperm bank market can be further segmented into in vitro fertilization and donor insemination. The in vitro fertilization segment is expected to dominate the market in the coming years on account of rising infertility complications among couples. Besides, the popularity and the number of individuals opting for in vitro fertilization treatment has also increased over the years.
Major operating companies operating in global sperm bank market are:
- Cryo-Save AG
- Fairfax Cryobank Inc
- Xytex Corporation
- Indian Spermtech
- Seattle Sperm Bank
- London Sperm Bank
- Andocryos
- New England Cryogenic Center
- California Cryobank
- Babyquest Cryobank
Customers can also request for 10% free customization on this report.
“The North America is expected to dominate the global sperm bank market on account of growing fertility tourism in the region especially in countries like United States and Mexico where gender selection is legalized. Additionally, growing prevalence of infertility in the region is further expected to support the market growth.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Sperm Bank Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Service (Sperm Storage, Semen Analysis, Genetic Consultation), By Donor Type (Known Donor v/s Anonymous Donor), By End Use (In-Vitro Fertilization v/s Donor Insemination) and By Region”, has evaluated the future growth potential of global sperm bank market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global sperm bank market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com