Sperm Bank Market to Be Dominated by In-Vitro Fertilization Through 2027
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
DOWNLOAD FREE SAMPLE REPORT
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