The global sperm bank market size reached US$ 3.89 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.81 Billion by 2027, exhibiting a growth rate (CAGR) of 3.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
A sperm bank or cryobank refers to a specialized organization that stores and purchases sperm collected from human donors. It places the specimen under controlled conditions to keep them viable for extended durations. In order to be a donor, the bank conducts various assessments, including medical history and age requirement. Sperm bank usually offers storage, semen analysis and genetic consultation services. It also provides a private room to donors for ejaculation purposes, which is later tested for determining the fertility levels. Sperm banks usually sell the stored specimen to hospitals and clinics for artificial insemination, which involves the insertion of the sperm into the female uterine cavity to achieve pregnancy.
Sperm Bank Market Trends:
The increasing incidences of infertility due to the rising prevalence of various chronic ailments, such as thyroid, uterine fibroids, obesity, and polycystic ovarian syndrome (PCOS), along with the escalating consumption of drugs and tobacco-based products, are creating a positive outlook for the market. In line with this, rising concerns of male infertility due to inadequate and abnormal sperm volume is favoring the market growth. Moreover, various innovations, such as the introduction of assisted reproductive technology (ART) procedures, to achieve a successful pregnancy and a healthy baby, while avoiding the passing on of specific genetic conditions are providing an impetus to the market growth. Additionally, the increasing instances of miscarriages is further facilitating the need for sperm banks to conceive through in vitro fertilization (IVF) intrauterine insemination (IUI) techniques, which is positively impacting the market growth. Other factors, including growing acceptance of same-sex and single-parent families, along with the implementation of various government initiatives to promote fertility treatments, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global sperm bank market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on donor type, service type and end use.
Breakup by Donor Type:
- Known Donor
- Anonymous Donor
Breakup by Service Type:
- Sperm Storage
- Semen Analysis
- Genetic Consultation
Breakup by End Use:
- Donor Insemination
- In-vitro Fertilization
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Baby Quest Cryobank Pvt. Ltd., California Cryobank., CryoChoice, Cryos International, European Sperm Bank, Fairfax Cryobank Inc, Indian Spermtech, New England Cryogenic Center, The London Sperm Bank and Xytex Corporation.
|Base Year of the Analysis
| Historical Period
||Donor Type, Service Type, End Use, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Baby Quest Cryobank Pvt. Ltd., California Cryobank., CryoChoice, Cryos International, European Sperm Bank, Fairfax Cryobank Inc, Indian Spermtech, New England Cryogenic Center, The London Sperm Bank and Xytex Corporation.
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Key Questions Answered in This Report:
- How has the global sperm bank market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global sperm bank market?
- What are the key regional markets?
- What is the breakup of the market based on the donor type?
- What is the breakup of the market based on the service type?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global sperm bank market and who are the key players?
- What is the degree of competition in the industry?