As per our research report, the size of the global sperm bank market is estimated to be growing at a CAGR of 3.3% from 2020 to 2025.
The sperm bank is an organization that stores and collects the sperm from human sperm donors, which are used for the women to conceive. The principal idea of these organizations is to donate the sperms to women who cannot get pregnant. Banks will make a formal contract with the sperm donors to produce sperms and contribute to the bank in a certain period, usually 6-245 months.
MARKET DRIVERS:
Growing awareness regarding infertility and access to the treatments are majorly increasing the market growth. According to the Centers for Disease Control and Prevention (CDC), there are around 4 million births annually in the US, where 1-2% of the deliveries are in vitro fertilization. In 2012, 61,7440 babies were born in the US only by IVF treatments. According to the survey report, around 650 babies were miscarried in the UK in 2017.
The rising prevalence of chronic diseases such as diabetes and obesity is a significant factor for growth. Obesity is one of the common factors for male infertility that is a cause of low sperm count. The couple with this infertility is opting for artificial insemination techniques, which are merely leveraging the growth rate of the market. Adopting sedentary lifestyles and changes in food habits leads to various health disorders among women, such as PCOS, diabetes, and other unexplained infertility problems. This attribute is likely to boost up the growth rate of the sperm bank market.
Also, increasing awareness over the availability of fertility treatment procedures among people expands the market’s demand. According to the American Association of pregnancy, 30% of infertility problems are among men that is one-fifth of all infertility cases. On-going research and development activities on developing various treatment options for infertility are ascribed to bolster the market’s growth.
MARKET RESTRAINTS:
High expenditure of artificial assistive and insemination reproductions is posing a primary challenge in Sperm Bank Market. People in rural areas are less aware of the available healthcare techniques, which is hampering the growth rate of the market. Also, increasing risk factors is hampering the growth rate of the market. Less number of sperm donors is also attributed to limit the demand of the market.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2019 to 2025 |
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Base Year |
2019 |
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Forecast Period |
2020 to 2025 |
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Segments Covered |
By Donor Type, Services Type, End-User And Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa |
This market research report on the global sperm bank market has been segmented based on the donor type, services type, end-user, and region.
Sperm Bank Market – By Donor Type:
In 2019, the Known Donor segment accounted for the leading share by donor type and expected to hike at a 4.3% compound annual growth rate during the forecast period, with attributing factors such as change of legal landscape in many countries by mandating the right to offspring to know the biological parent.
During the forecast period, the Anonymous Donor segment is expected to perform well. It owns some attributing factors such as disclosing identity in official records and the rise of the confidential contract between donor and recipient.
Sperm Bank Market – By Services Type:
In 2019, the highest share was contributed by the semen analysis segment in the sperm bank market. Factors such as the rise in demand for ART procedures copulation with the increase in demand for semen analysis, and the rising prevalence for medical tourism are driving the demand of this segment. Sperm storage is growing faster with the increasing need to store the sperms for the various treatment procedures.
Sperm Bank Market – By End-User:
In 2019, the segment of in-vitro fertilization was the market leader and forecasted to grow at a 3.3% compound annual growth rate from 2020 to 2025. Some of the attributing factors are the rise of awareness levels in procedures, the rise of prevalence in infertility among male production, and maternal age growth in developing countries like Japan and China.
During the forecast period, the highest share is contributing by the Donor Insemination segment as it having a low cost associated with simple techniques.
Sperm Bank Market – By Region:
Geographically, the North American region contributes the largest share with a 34% revenue share due to the rising prevalence of infertility among the American population. The US is the primary country to contribute the highest shares of the market with the increasing adoption of the latest technologies in infertility treatments. Food and Drug Administration (FDA) is regulating the sperm bank organizations in this country.
Europe is positioned in the second rank in holding the highest shares of the market. Rising disposable income and escalating expenditure on healthcare are leveling up the growth rate of the market. In the UK, the sperm bank is regulated by Human Fertilization and Embryology Authority.
Over the forecast period, the high and large share is contributing by Asia-Pacific region with 5.0% as compound annual growth rate due to low expenditure investment, and rising prevalence to have pregnancy among women.
Latin America, and Middle East & Africa are deemed to have a sustainable growth rate in the coming years.
KEY MARKET PARTICIPANTS:
Companies playing a notable role in the global sperm bank market are Fairfax Cryobank, Inc., Xytex Corporation, Andocryos, Cryo-Save AG, Indian Spermtech, New England Cryogenic Center, Seattle Sperm Bank, and London Sperm Bank.
MAJOR HAPPENINGS IN THIS MARKET IN THE RECENT PAST:
In 2018, GI partners had an acquisition and merger with California Cryobank (CCB). CCB is the world's premier donor sperm and egg bank.
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