According to the report, 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 worldwide sperm bank market is driven by expansion in occurrence of male and female barrenness and ascend sought after for different fruitlessness and managed impregnation procedures like in vitro Treatment (IVF) and contributor insemination. Additionally, government drive to help sperm bank, flood in acknowledgment of sperm bank across the globe, and mechanical headway and advancement in the sperm bank industry are a few factors that fuel the development of the sperm bank market.
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Which are the top companies hold the market share in sperm bank Market?
The top companies that hold the market share in sperm bank Market are California Cryobank, Cryos International, European Sperm Bank, and Fairfax Cryobank.
Covid-19 Scenario:
- The number of sperm donations decreased due to lockdown imposed in many countries and surge in illnesses among people.
- Many reproductive centers considerably limited their daily activities or shut their door down temporarily as the focus shifted to taking care of Covid-infected patients.
- Different threats and concerns about insemination treatment, sperm donation, and cryopreservation such as contamination of semen samples and transmission of infectious diseases during the treatment negatively affected the industry.
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Top Market Players
Androcryos, Babyquest Cryobank, California Cryobank, Cryos International, European Sperm Bank, Fairfax Cryobank, New England Cryogenic Center, Nordic Cryobank Group, Xytex Sperm Bank, and Indian Spermtech.
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Spain, Netherlands, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
Important Questions Being Answered by the Market Report
- What is the Sperm Bank Market size and growth?
- What are the prominent and latest trends impacting the market?
- Which regions will observe growth on new occasions?
- Which players are adopting a functioning and planned framework to obtain customer loyalty?
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