DUBLIN, Jun 14, 2021--(BUSINESS WIRE)--The "Sperm Bank Market by Donor Type and Service Type: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The global sperm bank market size was valued at $4,741.51 million in 2019, and is projected to reach $4,860.39 million by 2027, registering a CAGR of 5.2% from 2020 to 2027.
Sperm bank (cryo-bank or semen-bank) is a specialized repository that purchases and stores the sperms under scientifically controlled conditions to keep them viable for a longer period of time. These stored sperms are sold to clinics and hospitals across the globe for artificial insemination, which involves introduction of the sperm directly into the female's uterine cavity to fertilize the egg for the purpose of achieving pregnancy. Thus, sperms donated at the sperm banks help achieve pregnancy similar to the pregnancy achieved by sexual inter-courses. However, sperm donors generally must fulfill specific requirement regarding age and medical history to donate their sperm. Likewise, numerous countries have laid down different rules and regulations for sperm bank donors. Therefore, favorable and supportive criteria's for sperm donation is anticipated to have a positive impact on the growth of the sperm bank market over the next few years.
One of the major factors driving the growth of the sperm bank market include upsurge in the incidences of infertility among both males and females within the population globally. For instance, according to a report published by the World Health Organization (WHO), one in every four couples in developing countries are affected by infertility. Poor sperm fertility & motility, lower sperm count, and abnormally shaped sperm are some of the few concerns related to infertility in males. As a result, demand for various infertility and artificial insemination techniques such as In Vitro Fertilization (IVF) and donor insemination are expected to rise, ultimately driving the market growth.
In addition, favorable government initiatives related to reproductive assistance services, such as IVF, artificial insemination & surrogacy, and rise in access & adoption of infertility treatments using donor sperms are further expected to boost the growth of the market. Similarly, innovation in cryopreservation techniques, advancements in surgical technology, higher rates of miscarriages, overall augmenting investments in healthcare facilities, and increase in acceptance of LGBTQ community are some of the other factors predicted to impel the market growth in near future. On the contrary, higher costs associated with infertility treatment coupled with lesser success rate of achieving pregnancy are anticipated to obstruct the growth of the sperm bank market during the analysis period. Conversely, surge in technological innovation and advancements with respect to improvisation of infertility treatments such as in-vitro fertilization (IVF) and intrauterine insemination (IUI) is likely to provide growth opportunities for the key market players operating in the sperm bank industry.
This report provides a detailed quantitative analysis of the current market trends and future estimations from 2020 to 2027, which assists in identifying the prevailing market opportunities.
An in-depth analysis of various regions is expected to provide a detailed understanding of the current trends to the stakeholders to formulate region-specific plans.
Comprehensive analysis of the factors that drive and restrain the growth of the sperm bank market are provided.
Key regulatory guidelines for the sperm bank market are critically dealt with according to region.
A deep dive analysis of various regions provides insights that will allow companies to strategically plan their business moves.
Increase in incidences of male and female infertility
Government initiative to support sperm banks
Surge in acceptance of sperm bank across the globe
High cost and low success rate of treatment
Technological advancement and development in sperm bank industry
Key Market Players
European Sperm Bank
New England Cryogenic Center
Nordic Cryobank Group
Xytex Sperm Bank
For more information about this report visit https://www.researchandmarkets.com/r/7erg1j
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