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In Vitro Fertilization Banking Services Market Analysis by Service Type (Egg Banking, and Sperm Banking); and by Donor Egg Cycle (Fresh, and Frozen Donor Egg Cycle) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • The Delaware Institute for Reproductive Medicine partnered with Boston IVF to provide fertility treatments of the highest quality through innovative treatments including in vitro fertilization (IVF). 

  • GI Partners, a private equity investment firm, has acquired California Cryobank from Longitude Capital and NovaQuest Capital, the world's leading donor sperm and donor egg banks.

Global In Vitro Fertilization Banking Services Market Size, Forecast, and Trend Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~10%

Base Year Market Size (2022)

~ USD 3,590 Million

Forecast Year Market Size (2033)

~ USD 10,242.7 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)

 

The global In Vitro Fertilization Banking Services market is estimated to garner a revenue of ~USD 10,242.7 Million by the end of 2033 by growing at a CAGR of ~7% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 3,590 Million in the year 2022. The growth of the market can be attributed primarily to the growing number of women who are experiencing difficulties getting pregnant naturally, owing to health issues or illnesses. According to the Centers for Disease Control and Prevention, in the United States, approximately one in five (15%) women aged 15 to 49 without prior children are unable to conceive after one year of trying. In addition, 26% of these women experience difficulty conceiving a pregnancy.

in- vitro fertilization market overviewGet more information on this report:Download Sample PDF

The process of in vitro fertilization banking involves preserving embryos that can later be frozen and placed in a woman's uterus. Having a child after undergoing radiation treatment, chemotherapy, or any kind of surgery that may result in infertility may be useful for cancer patients, Furthermore, the increasing rate of male infertility, developments in alternatives to IVF, medical tourism for fertility, lifestyle changes, and food habits are factors anticipated to drive global in vitro fertilization banking services market growth during the forecast period.

Global In Vitro Fertilization Banking Services Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Cases of Breast Cancer Worldwide- Cancer treatments can have a major impact on the process of conceiving and make it more difficult. A woman's eggs can be affected by most chemotherapy drugs. Women have chosen egg banking as a means of preserving their fertility. This factor is expected to drive global in vitro fertilization banking services market growth during the forecast period. As per the data from the American Cancer Society, in the United States, breast cancer is the most common type of cancer among women besides skin cancers. Each year, about 30% of new female cancers are caused by this disease.

  • Growing Prevalence of Lifestyle Disorders - In a study, it was found that the prevalence of overall lifestyle diseases was ~53%. There were 24% cases of gastrointestinal complications, followed by 23%, hypertension 19%, and diabetes at 18%.

  • Improving Success Rate of IVF- For instance, the success rate of IVF has improved significantly over the last decade. The live birth rate per IVF cycle initiated with a woman's own eggs has increased by 17%.

  • Increase in Personal Disposable Income- A Bureau of Economic Analysis report indicates that personal income increased by USD 47.0 billion (0.2%), while disposable personal income rose by USD 37.6 billion (0.2%).

  • Rising Awareness Programs and Campaigns- To help raise awareness about empowerment and changing the conversation around infertility, RESOLVE: The National Infertility Association launched the #WearOrange Campaign. 

 Challenges

  • High Price Associated with IVF Procedure – IVF in the U.S. generally demands USD 10,000 for each session. Such a high cost makes In-Vitro Fertilization Banking Services less accessible for people with middle income.

  • Complication Concern After Treatment

  • Time Consuming Process

The global in vitro fertilization banking services market is segmented and analyzed for demand and supply by service type into egg banking, and sperm banking. Among these segments, the egg banking segment held the largest market share of 75% in the year 2022. When a woman opts for egg banking, her eggs are extracted from her ovaries, frozen, and stored until they can be used in in vitro fertilization (IVF) treatments in the future. The infertile population is highly reliant on this type of service as it allows them to choose the donor and control the process, making it a highly preferred option. According to the guidelines by the American Society for Reproductive Medicine, it was estimated that the survival rate of frozen oocytes after vitrification is 90%–97%, and the fertilization rate is 71%–79% for frozen eggs.

Global In Vitro Fertilization Banking Services Market Regional Synopsis

The Europe in vitro fertilization banking services market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033, with a 50% market share. The increasing awareness increasing awareness about IVF and fertility rate in the region. For instance, German fertility rates in 2022 are 1.6 births per woman, an increase of 0.30 percent over 2021. Moreover, the adoption of innovative technologies and services for treatment, a government initiative to raise awareness about IVF banking, increasing R&D investments, and the development of innovative IVF banking services in the region is expected to augment market growth in Europe over the forecast period.

in-vitro fertilization market scope

Market Segmentation

Our in-depth analysis of the global in vitro fertilization banking services market includes the following segments:

      By Service Type

  • Egg Banking (75%)
  • Sperm Banking (25%)

       By Donor Egg Cycle

  • Fresh Donor Egg Cycle
  • Frozen Donor Egg Cycle

Top Featured Companies Dominating the Global In Vitro Fertilization Banking Services Market

  • Boston IVF

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Apollo Specialty Hospitals Private Limited
  • Cryopoint
  • MyEggBank
  • European Sperm Bank ApS
  • The World Egg and Sperm Bank
  • CCRM Management Company, LLC
  • California Cryobank.
  • Dünya IVF: Cyprus Fertility Clinic
  • Vinsfertility Pvt. Ltd.

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