USD 4.83 billion
Report ID:
SQMIG35A2616 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
88
|Figures:
76
Sperm Bank Market size was valued at USD 5.1 Billion in 2023 and is poised to grow from USD 5.38 Billion in 2024 to USD 8.25 Billion by 2032, growing at a CAGR of 5.5% during the forecast period (2025-2032).
Global sperm bank market growth is primarily driven by rising prevalence of infertility in both men and women. Nowadays, both men and women are more likely to have infertility. In vitro fertilization (IVF) and donor insemination are two infertility therapies that are expected to become more necessary as a result. Infertility can be considered one of the major societal issues having a direct effect on health and socioeconomics of an individual. WHO studies reveal that infertility affects nearly one out of every four couples in developing countries. There is a rising incidence of increased alcohol intake, smoking, sedentary lifestyle, obesity, and stress-all contributing to lowered sperm counts among men as well as infertility among women.
The increase in infertility in both men and women, as well as the need for different infertility treatments, is thereby driving the growth of the sperm bank market. Another important factor that supports the growth of the sperm bank industry is the government's initiative to support sperm banks. Every kind of Assisted Reproductive Technology (ART) measures like the in vitro fertilization, intracytoplasmic sperm injection (ICSI), and gamete intrafallopian transfer are subsidized by the "Singapore government," approximately 75% of their costs. In 2020, the Union Cabinet approved the Assisted Reproductive Technology (ART) Regulation Bill, which would regulate the clinics rendering the services such as, but not limited to, copulation, artificial insemination, and surrogate motherhood.
US Sperm Bank Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4.83 billion
Largest Segment
Known Donor
Fastest Growth
Known Donor
Growth Rate
5.5% CAGR
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The global sperm bank market is segmented on the basis of donor type, service, fertilization techniques, and region. Based on donor type, the market is segmented into known donor and anonymous donor. Based on service the market is segmented into Sperm storage, semen analysis, genetic consultation. Based on fertilization techniques, the market is segmented into donor insemination, and in vitro fertilization. Based on region the global Sperm Bank Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Service Type
As per categorization by service type, the market is classified as sperm storage, semen analysis, and genetic consultation. Among these, sperm storage earned the largest share and continues to hold the dominant global sperm bank market share. The global sperm bank market sees innovations in sperm storage technologies where current developments in cryopreservation help in the better viability and higher success rates of assisted reproductive treatments. The sperm storage market is prominent, as it is important for all types of infertility preservation, for instance, due to cancer therapies and lifestyle reasons, such as deferring parenthood. Moreover, increased acceptance of donor sperm for medical reasons, as well as growing numbers of people indulging themselves into enhanced fertility services worldwide, make storage an increasingly important solution in this industry.
Semen analysis is poised to be the fastest-growing segment in the global sperm bank market due to its critical role in diagnosing male fertility issues and ensuring donor sperm quality. Intensifying awareness about infertility owing to changing lifestyles and increased damage from environmental factors has increased the demand for specific and accurate diagnostic tools. Automated semen analysis systems, bringing in more accuracy and efficiencies in the analysis, further contribute to this growth. Furthermore, the growing number of fertility clinics and sperm banks worldwide deepens the need for reliable analysis. The increasing number of people who want to have children will thus lead to a market boom for advanced semen analysis.
Analysis by Donor Type
The known donor segment in the global sperm bank market is gaining prominence due to growing demand for personalized donor options and transparency in donor relationships. The recent advances in donor screening, genetic testing, and consent frameworks have heightened the appeal of known donors such that they are now more compatible and less genetically risky. This is a category that holds great dominion as it deals with the cultural and emotional preferences of recipients while keeping the option to further include their donors. Besides, the emergence of legal frameworks that support known donor agreements greatly increases trust and encourages uptake. With increasing individual preferences for customized reproductive choices, the known donor model remains a strong leader in the market.
The anonymous donor segment is set to experience rapid growth in the global sperm bank market due to its ability to offer privacy and convenience to both donors and recipients. This method will attract certain individuals and couples who prefer privacy and simplicity regarding donor selection. The advances in donor screening and matching technologies, especially AI-based algorithms, will improve their compatibility and success rates to add to the momentum. The emerging tradition of and emerging laws on anonymous donor arrangements in many countries will certainly serve to fuel that growth. With an increasing demand for obtaining more accessible and discreet fertility options, the anonymous donor segment is poised for growth.
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Asia-Pacific dominates the global sperm bank market due to its large population base, rising infertility rates, and increasing awareness of fertility treatments. There is a growing demand for sperm banking services now that urbanization and rapid changes in lifestyle have postponed the ages at which people procreate. Significant investments were made on healthcare infrastructural development by governments and private sectors in fertility clinics' accessibility. Cultural acceptance of assisted reproductive technologies has been growing due to continuing improvements in cryopreservation and genetic screening. Treatments in primary markets like India and China have attracted international customers and have given Asia-Pacific further impetus to become the largest market for sperm banks.
Europe is the fastest-growing region in the global sperm bank market due to progressive legislation supporting assisted reproductive technologies and rising acceptance of diverse family structures. The fast-increasing rates of infertility due to increasingly adverse lifestyles and age-related factors in parents have thus created a huge demand for further development in fertility solutions. This has a good health infrastructure, high-quality research, and cutting-edge innovation into sperm banking technology, like cryopreservation, genetic screening, etc. Many people visit Denmark and Spain, which have been recognized by the world as fertility tourism hotspots, to avail themselves of such services from different nations. Along with this, the increasing awareness and adoption of sperm donor programs continue to further the speed of growth in Europe’s sperm bank market.
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Sperm Bank Market Drivers
Growing Infertility Rates
Advancements in Cryopreservation
Sperm Bank Market Restraints
Ethical and Legal Challenges
Quality and Regulatory Concerns
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The global sperm banks market has become very competitive across the world because of advancement in cryopreservation and fertility treatments. Cryos International, Fairfax Cryobank, and New England Cryogenic Center are the key players with several donor databases and advanced storage facilities. The other key players in the global sperm bank industry are European sperm bank and Androcryos, who enjoy growing partnerships along with service diversification. This increase in costs towards technology investments and research compounds the scope for market positioning, thereby creating stimulated innovations and accessibility for all who seek assisted reproductive solutions.
Top Player’s Company Profiles
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in conclusion, the global sperm banking market is growing in a dynamic way due to factors such as the increase in infertility, various advances in fertility treatments, and finally increasing social acceptance of assisted reproductive technology. The heightened demand in sperm storage and analysis services would greatly be supported by the government, thus extending to various regions.
They stem from advancements in genetic testing, semen analysis, and sperm storage technologies themselves. Even though it entails myriad challenges such as high prices and legal difficulties, the sperm bank market remains an important feature of fertility solutions as it still boasts major advances to both increase accessibility and success rates around the globe.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 4.83 billion |
Market size value in 2031 | USD 7.82 billion |
Growth Rate | 5.5% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Sperm Bank Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sperm Bank Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sperm Bank Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sperm Bank Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2616
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