Report ID: SQMIG35A2616
Report ID:
SQMIG35A2616 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|
Tables:
88 |
Figures:
76
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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Report ID: SQMIG35A2616