Sperm Bank Market: Global Industry Forecast by Donor, Services, End-Use, and Region (2023-2029)

Sperm Bank Market size was valued at US$ 4.41 Bn. in 2022 and the total Sperm Bank revenue is expected to grow at 5.8 % through 2023 to 2029, reaching nearly US$ 6.55 Bn.
Sperm Bank Market Overview:
The Sperm Banking is a type of fertility preservation that freezes and store sperms for future use. The sperm banks are responsible for collection, freezing, and storage of human sperms. Sperm banking is mostly opted by men with a possibility of losing fertility due to medical treatment such as cancer, and infertility treatment. Sperm banks play a major role in the women who are not able to conceive. Stored sperms are used couples for infertility treatments such as assisted reproductive technology or in-vitro fertilization.

In this report, the Sperm Bank market's growth reasons, as well as the market's many segments (Donor, Services, End-Use, and Region.), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the Sperm Bank market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the Global Sperm Bank market situation.To Know About The Research Methodology :- Request Free Sample Report
Sperm Bank Market COVID Insights:
The pandemic of COVID-19 has resulted in nationwide lockdowns, affecting every industry vertical. Similarly, the sperm bank market is being impacted by the pandemic due to an increase in illness, which reduces sperm donation among people. Patients undergoing treatment were denied access to services, and no surgeries were performed as a result of lockdowns in various countries. As a result, the supply of sperm during the outbreak is impacted. The disease has forced a number of industries to temporarily close their doors, and reproductive centres, including several sub-domains of health care, to drastically reduce their activities.

The pandemic of COVID-19 has resulted in nationwide lockdowns, affecting every industry vertical. Similarly, the sperm bank market is being impacted by the pandemic due to an increase in illness, which reduces sperm donation among people. Patients undergoing treatment were denied access to services, and no surgeries were performed as a result of lockdowns in various countries. As a result, the supply of sperm during the outbreak is impacted. The disease has forced a number of industries to temporarily close their doors, and reproductive centres, including several sub-domains of health care, to drastically reduce their activities.
Sperm Bank Market Dynamics:
Rising prevalence of obesity across the globe is also one of the key drivers for the market. Obesity is one of the known risk factors for low sperm count in men and infertility among women. Men and women with fertility issues opt for artificial insemination techniques. Thus, rising risk of infertility due to obesity, is expected to boost the demand for fertility treatments, such as In vitro Fertilization (IVF), thereby driving the market growth.

Rising concerns of male infertility due to abnormal and inadequate sperm volume and ejaculatory issues is expected to further drive the demand for sperm bank market. According to the American Association of Pregnancy, male infertility accounts for 30% of the infertility cases, which is around one-fifth of all infertility cases. Apart from genetic problems, male infertility is also caused due to illicit drugs, exposure to toxic substances, frequent alcohol consumption, and smoking. Thus, growing prevalence of male and female infertility worldwide is propelling the adoption of infertility services, such as donor insemination and IVF procedures, thereby boosting the market growth.

Growing government initiatives to offer better reimbursement scenario and rising incidence of infertility cases are driving the market growth. Rising lifestyle changes coupled with other factors such as genetic factors, exposure to certain chemicals and toxins, problems with sperm or egg production are expected to drive the market growth. Moreover, growing acceptance of Gay, Bisexual, Lesbian, Transgender (LGBT) community is one of the factors that is boosting the sperm donations across various countries. Hence, the above-mentioned factors are expected to witness a substantial growth in the upcoming years.

Sperm banks are in high demand, and this trend might persist during the forecast period. Merck, ThermoFisher, and Zenoaq released a paper on serum-free cryopreservation in January 2021. The sperm can be kept this way without the need of blood products. Cross-species virus infections are less likely as a result. The expanding acceptance of the LGBTQ+ population, which sperm banks enable to undergo an in-vitro operation and produce a child, is a major factor in the market's expansion.

Today, both males and females are experiencing an increase in fertility problems year after year. These days, a number of issues, including poor sperm count and sperm infertility, are common.Another key market driver is the advancement in cryopreservation techniques, as governments also spend a lot to address this issue. Hence, the sperm banks market may increase in the forecast period.

Usually, around 20 vials can be extracted from one sample of semen, collected from a sperm donor. These vials are stored in cryogenically preserved condition, in the liquid nitrogen (N2) tanks. Usually, sperms are stored for the period of around 6 months. However, it can be stored for a longer period of time.

The services offered by sperm bank includes provision of sperms, donors selection, guiding recipient for selection of donor, sex selection of baby, and sales of sperms. Although, sperm banks play a major role in the women who are not able to achieve pregnancy, due to some controversial issues, such as, use of sperms by lesbian couples and others, government healthcare bodies of various countries imposed strict regulations on the sperm bank.
Sperm Bank Market Segment Analysis:
By Donor, The sperm bank market is divided into known donor and anonymous donor categories based on the donor. An anonymous donor is a person who gives sperm for assisted reproductive techniques like intrauterine insemination (IUI) or in vitro fertilisation (IVF), but the individual or couple receiving the donation is unaware of the donor's identity. An individual who provides sperm for assisted reproductive techniques like intrauterine insemination (IUI) or in vitro fertilisation (IVF) who is known to the person or couple seeking to conceive a child is referred to as a known donor, also known as a directed donor. The forecast period sees this category rise more than expected due to variables including improvements in the legislative environment that allow children to have the legal right to inquire about their biological parents.

By Services, Due to the growing demand for both ART treatments and semen analysis, the semen analysis category had the biggest revenue share in 2022 at 50 %. Before every ART procedure, extensive semen analysis is required, and basic screening is crucial while preserving sperm. Therefore, out of all the sperm bank services, semen analysis has the largest demand.

Further fueling the need for semen analysis services is the growing trend of fertility tourism in nations like Spain and India. The favourable legal environment and affordability in these nations are major factors promoting fertility tourism. Spain is the most popular location for fertility treatments, accounting for 40% of fertility tourism in Europe.A number of factors, including advancements in cryopreservation techniques, an increase in the prevalence of infertility, and the demand for IVF procedures, are expected to contribute to the lucrative CAGR of 4.2 % that the sperm storage segment is expected to experience over the forecast period. In the event of medical procedures, surgery, exposure to toxic environments, or high-risk professions like the military, sperm storage is advantageous for preserving fertility.
Regional Insights:
North America holds the largest market share in the sperm bank market. The reason behind this is the increase in the number of cases of infertility. In North America, the US comes first, in terms of market share, followed by Mexico and Canada. In 2022, according to the US Department of Health and Human Services, more than 6 million women between the age of 15 and 44 years faced difficulty in conceiving or staying pregnant. Moreover, advancements in technology pertaining to cryopreservation may help the market prosper further in the forecast period.

The Asia Pacific market is also showing better growth in the sperm bank market. The increasing awareness about ART (artificial reproductive technology) procedures and low-cost treatments may be the key drivers for the growth of the sperm bank market in the Asia-Pacific region in the forecast period.

The objective of the report is to present a comprehensive analysis of the Sperm Bank market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Sperm Bank market dynamics, and structure by analyzing the market segments and projecting the Sperm Bank market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Sperm Bank market make the report investor’s guide.
Sperm Bank Market Scope:Inquire before buying



Global Sperm Bank Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 4.41 Bn.


Forecast Period 2023 to 2029 CAGR:
5.8%
Market Size in 2029:
US $ 6.55 Bn.


 Segments Covered:
by Donor
Known Donor
Anonymous Donoor


by Services
Sperm Storage
Semen Analysis
Genetic Consultation


by End-Use
Donor Insemination
In Vitro Fertilization



Sperm Bank Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1. CRYOS INTERNATIONAL, INC.
2. Androcryos
3. New England Cryogenic Centre
4. Indian Spermtech
5. European Sperm Bank
6. CALIFORNIA CRYOBANK
7. Fiarfax Cryobank Inc.
8. London Sperm Bank
9. Xytex Corporation
10. Seattle Sperm Bank
11. Other Key Players

FAQs:

1. What is the market size of the Sperm Bank Market in 2022?
Ans. Sperm Bank Market size was valued at US$ 4.41 Bn. in 2022.

2. What is the Forecast Period of the Sperm Bank Market?
Ans. Forecast Period for Sperm Bank Market in 2023-2029.

3. What is the projected market size & growth rate of the Sperm Bank Market?
Ans. Sperm Bank Market is expected to grow at 5.8 % through 2022 to 2029, reaching nearly US$ 6.55 Bn.

4. What segments are covered in the Sperm Bank Market report?
Ans. The segments covered are Donor, Services, End-Use, and Region.