The global sperm bank market is estimated to garner notable CAGR over the forecast period, i.e., 2021 – 2029. The growth of the market can be attributed to the increasing infertility among both men and women due to unhealthy lifestyle. According to the data by the World Health Organization, more than 186 million individuals suffer from infertility globally. Lack of physical activities, obesity, smoking and drinking, and drug abuse are some of the lifestyle habits that cause infertility. Moreover, increasing awareness regarding assisted reproductive technology (ART) is expected to boost the market growth. Additionally, growing acceptance of the LGBTQ community has paved way for same sex couples to opt for IVF, which is estimated to promote the growth of the market.
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The market is segmented by services into sperm donation, semen analysis, genetic consultation, and others, out of which, the semen analysis segment is anticipated to hold the largest share in the forecast period on account of rising reproductive health awareness. Couples, who face issues in conceiving, often opt for semen analysis to get to the root cause of the issues. Various couples get semen analysis before trying to get pregnant to know the quality of the sperm and diagnose any hidden problem.
Regionally, the global sperm bank market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The market in the North America is estimated to hold the largest market share in the forecast period owing to the growing acceptance of single parenthood, and same sex couples. Moreover, increasing disposable income encourages couples with fertility issues, to opt for IVF solutions, which is estimated to boost the market growth. As per the data by the U.S Center for Disease Control and Prevention (CDC), 73,831 infants were born by the method of ART, in the year 2018.
The market in the Europe region is estimated to garner significant share in the market by the end of 2029, owing to the rising cases on infertility due to the high share of obese population. More than 25% of the population of the United Kingdom is obese. Moreover, efficient medical facilities in the region along with the acceptance of ART for child birth, are some of the factors estimated to boost the market growth.
The global sperm bank market is further classified on the basis of region as follows:
Our in-depth analysis of the global sperm bank market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Rising prevalence of infertility due to unhealthy lifestyle is estimated to drive the market growth.
The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2021-2029.
Constantly prevalent social stigma about assisted reproductive technology is estimated to hamper the market growth.
The market in North America is estimated to show maximum business opportunities during the forecast period owing to the growing acceptance of IVF and other artificial reproduction methods.
The major players in the market are Cryos International Sperm Bank, European Sperm Bank, Phoenix Sperm Bank, Xytex Corporation, The London Sperm Bank, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by donor type, services, applications, and by region.
The semen analysis segment is anticipated to hold largest market size over the forecast period owing to the increased awareness about reproductive health and the importance of healthy sperm.
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