Sperm banks are the facilities which are used to gather and store sperms donated by human donors. Sperm banks have proved to be a boon for all those couples who are not able to have their own child owing to infertility or any other issues. Global sperm bank market is sparked by increasing number of sperm donors across the globe. Geographically, global sperm bank market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific and rest of world.
Market Size and Forecast
At present, the global sperm donation market is led by North America. The market in the region is driven by presence of large number of sperm donation banks and large number of licensed medical labs.
With approximately 71% of total sperm donors, the U.S. is the largest sperm bank market in North America followed by Canada.
Sperm donation market in Europe is nurtured by initiatives taken by government organizations such as Human Fertilization and Embryology Authority (HFEA), located in the U.K.
Asia-Pacific sperm bank market is likely to behold the fastest growth rate over the forecast period of 2015-2021. Sperm bank market in the region is expected to get fostered from increasing cases of infertility and delayed pregnancy caused by higher stress levels. CLICK TO DOWNLOAD FREE SAMPLE REPORT
Based on donors, global sperm bank market can be segmented into directed donors, client donors, anonymous donors and known donors.
On the basis of services offered global sperm bank market is segmented as semen analysis, sperm storage and genetic consultation.
Global sperm bank market is divided on the basis of fertilization techniques into donor insemination and in-vitro fertilization. Global in-vitro fertilization market is anticipated to escalate at a CAGR of 12.0% and reach at USD 22 Billion by 2021.
The study further analysis the Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).
Growth Drivers and challenges
Increasing social acceptance of sperm donors and growing awareness about sperm donation are some of the major driving factors which are likely to escalate the growth of global sperm bank market in coming future.
In addition to that rising government initiatives to support and promote the idea of sperm donation in society is further believed to garner the global sperm bank market.
However, lack of effective regulations in sperm donation is expected to hamper the growth of global sperm bank market over the forecast period i.e. 2015-2021.
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