Sperm Bank Market Size Worth USD 4.81 Billion By 2025 | CAGR: 3.4%
Published Date : 26 / 03 / 19 | Report Format: PDF
The global sperm bank market is expected to grow at CAGR of 3.4% to reach USD 4.81 billion by 2025.
Sperm Bank is a repository of sperms that are collected from men i.e. sperm donors. These are used by women via In-Vitro Fertilization (IVF) procedures who wish to get pregnant. These sperm banks are a source of providing healthy sperms to couples or women who want to have children other than their sexual partners. The key drivers for the industry are the growing number of infertile couples, single women or same-sex couples who wish to be a parent. In addition, factors such as favorable government policies, growing awareness level regarding sperm banks and increasing number of companies investing in this market support the industry growth. On contrary, high costs procedures are required that entails cutting edge technology, that amplifies the overall costs. The government funding for these high end medical procedures research is also quite limited.
- Among the known and anonymous donors, most of the sperm donations are anonymous in nature
- However, in terms of growth rate, the known donor segment is growing with promising CAGR because clients wish to know basic donor information
- Based on services, the market is categorized as semen analysis, genetic consultation and Of these, sperm storage service is anticipated to grow with strong growth rate during the study period.
- Due to a very high cost associated with semen analysis, donor insemination technique dominates the overall market in terms of revenue generation
- Regionally, Europe accounted for the significant revenue share. Based on the data collected by the European sperm bank approximately 35% of their clients are infertile couples, thus opting for these banks as a source.
- Cryos International, FairFax Cryobank, London Sperm Bank, European Sperm Bank, New England Cryogenic Center, Seattle Sperm Bank, and Androcryos are some of the key players operating in this industry
KEY BENEFITS OF THE REPORT:
- The report presents a macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
- A thorough analysis of relevant statistical data to estimate the market paradigms
- Exceptional understanding of region and country-specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
- Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY DONOR TYPE
- Known donor
- Anonymous donor
MARKET, BY SERVICES
- Semen Analysis
- Sperm Storage
- Genetic Consultation
MARKET, BY TECHNIQUE
- Donor Insemination
- In Vitro Fertilization
MARKET, BY REGION
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
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