Sperm Bank Market Segment Analysis By Donor Type (Known Donor, Anonymous Donor), By Service, By Fertilization Techniques, By Region, And Segment Forecasts, 2023 - 2030

 

San Francisco, 27 October 2023: The Report Sperm Bank Market Size, Share & Trends Analysis Report By Donor Type (Known Donor, Anonymous Donor), By Service, By Fertilization Techniques, By Region, And Segment Forecasts, 2023 - 2030

The global sperm bank market size is expected to reach USD 6.6 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.56% over the forecast period. The market is majorly driven by increasing incidence of male and female infertility, rising acceptance of sperm banking services, and government initiatives in Assisted Reproductive Techniques (ART). Furthermore, increasing number of couples are planning to start family at later phase and hence are freezing their gametes. This is also contributing to the market expansion.

In women, rate of infertility decreases with age. Risks of complications during pregnancy also increase with age, resulting in the use of donor sperms or eggs. Rising trend of smoking is also affecting fertility in males and females. Female smokers achieve menopause earlier as compared to nonsmokers and are also at higher risk of miscarriage. In recent years, socioeconomic and demographic trends have increased the number of females seeking pregnancy during their late 30s and mid-40s. This also represents lucrative opportunities for the market growth.

Rise in funding and supportive initiatives for ART has driven growth of the market. For instance, the Australian government funds the ART services under the Medicare Benefit Scheme. It supports the access to In vitro Fertilization (IVF) or ART for the people unable to have children. Other countries with supportive initiatives include U.K., Singapore, and Canada. Growing acceptance of Lesbian, Gay, Bisexual, and Transgender (LGBT) community is also a key market driver. This represents growing demand for sperm banking services in the country.

The COVID-19 pandemic adversely impacted the market. There was a decrease in number of sperm donations owing to travel restrictions and social distancing norms. The number IVF and ART procedures also declined, resulting in decrease demand for donor sperm. In response to the pandemic many fertility centers and sperm banks suspended initiation of treatment cycles and elective gamete cryopreservation.

Innovations in cryopreservation techniques, rising awareness, the emergence of fertility tourism, and increasing access to infertility treatment are the key factors driving the growth. An increase in the risk of miscarriages is also among a few key factors boosting the demand. Moreover, the market is witnessing lucrative growth opportunities owing to the growing acceptance of single-parent or same-sex families in many societies. Growing acceptance of the Lesbian, Gay, Bisexual, and Transgender (LGBT) community is one of the factors driving sperm donations across various countries.

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Sperm Bank Market Report Highlights

• In 2022, known donor segment held the largest market share in terms of revenue owing to legal framework in various countries against donor anonymity
• Semen analysis accounted for the highest revenue share in 2022. However, sperm storage segment is expected to expand at the faster CAGR over the forecast period
• On the basis of fertilization techniques, in vitro fertilization held the largest revenue share 2022 owing to high number of IVF cycles with donor sperm
• North America dominated the market owing to increasing rate of infertility and increasing number of men opting for sperm freezing
• Asia pacific is expected to register the fastest CAGR over the forecast period owing to the growing fertility tourism and low cost of the procedure

The demand for sperm bank services is expected to continue to increase due to increasing concerns about male infertility caused by abnormal and insufficient sperm volume and ejaculatory problems. According to the  American Association of Pregnancy, male infertility alone accounts for up to 50% of all cases of infertility. Male infertility can also result from smoking, using illegal drugs, being exposed to hazardous substances, excessive alcohol consumption, and genetic issues. As a result, the prevalence of male and female infertility is rising globally, which is driving demand for infertility treatments including donor insemination and IVF procedures and this fueling the market growth.

Sperm Bank Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 5.2 billion
Revenue forecast in 2030	USD 6.6 billion
Growth rate	CAGR of 3.56% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

List of Key Players in the Sperm bank Market

• Cryos International
• New England Cryogenic Center
• European Sperm Bank
• Fairfax Cryobank, Inc
• The London Sperm Bank
• Indian Spermtech
• ReproTech LLC
• Xytex Corporation
• Cryobank America LLC