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Global Sperm Bank Market Analysis & Opportunity Outlook 2021

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Extensive insights into the Growth of Sperm Bank Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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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 SAMPLE REPORT

Market Segmentation

  • By Donors

Based on donors, global sperm bank market can be segmented into directed donors, client donors, anonymous donors and known donors.

  • By Services Offered

On the basis of services offered global sperm bank market is segmented as semen analysis, sperm storage and genetic consultation.

  • By Fertilization Techniques

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.

Key Players

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