Are sperm donors in high demand?
Where is the largest sperm bank in the world?Cryos International – Denmark is the world’s largest sperm bank and has the largest selection of donors and free of charge access to the online donor search.
Increase in incidences of male and female infertility, supportive government initiatives, and rise in acceptance among people fuel the growth of the global sperm bank market. On the other hand, high cost and low success rate of treatment impede the growth to some extent. However, technological advancements are anticipated to create lucrative opportunities in the industry.
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According to the report published by Allied Market Research, the global sperm bank industry was estimated at $4.74 billion in 2019, and is expected to hit $4.86 billion by 2027, registering a CAGR of 5.2% from 2020 to 2027.. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Rise in incidences of male and female infertility, supportive government initiatives, and increase in acceptance among people drive the growth of the global sperm bank market. However, high cost and low success rate of treatment hinder the market growth. On the other hand, technological advancements are expected to present new opportunities in the coming years.
Onkar Sumant, a Manager, Healthcare at Allied Market Research, stated, The global sperm bank market is driven by increase in incidence of male and female infertility and rise in demand for various infertility and artificial insemination techniques such as in vitro Fertilization (IVF) and donor insemination. Moreover, government initiative to support sperm bank, surge in acceptance of sperm bank across the globe, and technological advancement and development in the sperm bank industry are some factors that fuel the growth of the sperm bank market.
Covid-19 Scenario:
- The outbreak of the pandemic gave way to a sharp decline in the number of sperm donations, due to extended lockdowns across the world.
- Most reproductive centers happened to restrict their daily activities. Also, several threats and concerns about insemination treatment, sperm donation, and cryopreservation such as adulteration of semen samples and transmission of infectious diseases in due course of the treatment impacted the market negatively.
The sperm bank market is segmented on the basis of donor type, services type, and region. By donor type, the market is bifurcated into known donor and anonymous donor. The known donor segment is anticipated to dominate the market by donor type owing to supportive laws for eliminating anonymity of the sperm donors in the countries.
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Asia-Pacific, followed by Europe and North America, had the major share in 2019-
Based on region, Asia-Pacific, followed by Europe and North America generated the major in 2019, holding nearly half of the global sperm bank market, and is expected to dominate by 2027. This region is also projected to cite the fastest CAGR of 5.6% during the forecast period. This is attributed to enormous male populace suffering through infertility and low-cost procedures for fertility treatments in the region.
Front runners in the industry-
- · Cryos International
- · European Sperm Bank
- · Fairfax Cryobank
- · New England Cryogenic Center
- · Indian Spermtech
- · Babyquest Cryobank
- · California Cryobank
- · Androcryos
- · Nordic Cryobank Group
- · Xytex Sperm Bank
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.