Sperm Bank Market Size, Share, Growth, Regional Trends, Business Opportunities, Competition and Forecast to 2030
The global sperm bank market size was USD 5.28 Billion in 2021 and is expected to register a revenue CAGR of 4.8% during the forecast period, according to latest analysis by Emergen Research. Strategic collaborations and investments aimed at expanding existing storage facilities and proving better healthcare services is a major factor driving market revenue growth. For instance, on 1 March 2022, Ro, which is a leading and direct-to-patient healthcare company headquartered in New York, U.S., announced to acquire Dadi, a fertility company specializing in sperm testing, analysis, and storage. In addition, the company has acquired Modern Fertility, fastest-growing women’s health company in the U.S. These acquisitions will allow Ro to offer a suite of at-home fertility services, allowing individuals or couples to regain control of their fertility journey. In addition, rising rates of male infertility around the world have also contributed to market revenue growth. For instance, the U.S. Department of Health and Human Services is working to raise awareness about various benefits of semen analysis and storage, which are critical fertility services.
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Some Key Highlights From the Report
The semen Analysis segment accounted for a significant revenue share in 2021. Abnormalities in sperm delivery, volume, and concentration, among other things, are driving revenue growth of this segment. Semen analysis is performed to assess male fertility, to confirm the success of vasectomy and for veterinary applications such as artificial insemination and animal breeding. The analysis is important because it helps to evaluate parameters. In addition, excessive smoking, alcohol consumption, and other activities are also contributing to revenue growth of this segment.
The known donor segment accounted for a significant revenue share in 2021. Increased demand for reproductive procedures, such as Intrauterine Insemination (IUI) and in vitro fertilization is a major factor driving revenue growth of this segment. A known donor is someone who donates sperm for the purpose of assisted reproductive technology. In addition, factors such as changes in regulatory policies, including granting children legal right to inquire about their biological parents, are contributing to segment’s revenue growth.
In vitro fertilization segment accounted for a significant revenue share in 2021. Increasing cases of male and female infertility, as well as significant investments in the medical tourism industry, particularly in emerging economies, are major factors driving revenue growth in this segment. According to Fertility Treatment Abroad, Brazil has 150 infertility treatment centers and over 20 medical centers. In addition, Brazil is providing treatment at a reasonable cost. A typical in vitro fertilization cycle costs around USD 12,000 in the U.S., but only USD 4,000 in Brazil. On the other hand, India has over 500 individuals in vitro fertilization centers. Healthcare treatments in India can cost up to 90% less than in the U.S. A typical in vitro fertilization cycle in the U.S. costs around USD 12,000, whereas in India, the same cycle can cost between USD 2,000 to USD 5,000.
Competitive Outlook:
The global Sperm Bank market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Sperm Bank market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Key Companies Profiled in the Report:
Cryo-Save Group, Androcryos CC, New England Cryogenic Center, Indian Spermtech, California Cryobank, Seattle Sperm Bank, Fairfax Cryobank, Inc., London Sperm Bank, Xytek, and Baby Quest Cryobank Pvt. Ltd
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Key Benefits of the Report:
Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8-year analysis of the Global Sperm Bank Market
Critical understanding of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market
Segments Covered in this report are:
-
Service Type Outlook (Revenue, USD Billion; 2019-2030)
- Sperm Storage
- Semen Analysis
- Genetic Consultation
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Donor Type Outlook (Revenue, USD Billion; 2019-2030)
- Known Donor
- Anonymous Donor
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End-Uses Outlook (Revenue, USD Billion; 2019-2030)
- Donor Insemination
- In Vitro Fertilization
The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
Objectives of the Report:
Study of the global Sperm Bank market size by key regions, types, and applications with reference to historical data (2019-2020) and forecast (2022-2030)
Industrial structure analysis of the Sperm Bank market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape bench marking
Analysis of Sperm Bank market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Sperm Bank market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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