Sperm Bank Market

Sperm Bank Market by Service Types (Sperm Storage, Semen Analysis, and Genetic Consultation), Donor Types (Known and Anonymous), End-users (Donor Insemination and In Vitro Fertilization), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028

  • Report ID: HC-891
  • Author: Growth Market Reports
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  • No. Of Pages: 187
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The global sperm bank market size is projected to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the innovations in cryopreservation techniques and rising cases of sperm fertility issues among married couples.
 

Sperm Bank Market Key Takeaways


Sperm bank refers to a fertility preservation that freezes and stores sperms for future use. The sperm banks involve various function of collection, freezing and storage of human sperms. Sperm banking is generally opted by men, who have the possibility of losing fertility due to medical treatment such as cancer and infertility treatment. Additionally, the sperm bank plays a significant role for the women who are unable to conceive and have complicacies during pregnancy. The stored sperms are used for couples undergoing infertility treatment such as assisted reproductive technology or in-vitro fertilization.

In 2017, Tommy’s, an organization funding research in the area of still births, premature births, and miscarriage in the UK, published an article stating that around 650 babies were miscarried per day. Additionally, obesity is a key risk factor for low sperm count in men and infertility among women. Men and women having fertility issues opt for artificial insemination techniques. According to the American Association of Pregnancy, male infertility represents the 30% of the infertility cases, which is nearly one-fifth of all infertility cases. Apart from genetic problems, male infertility is caused due to genetic problems, illicit drugs, exposure to toxic substances, frequent alcohol consumption and smoking.

Various government initiatives are projected to boost the adoption of fertility treatments. For instance, the Government of Singapore implemented a policy to provide around 75% co-funding for several various assisted reproductive technology (ART) procedures, such as in vitro fertilization (IVF), gamete intrafallopian transfer (GIFT) and intracytoplasmic sperm injection (ICSI). Similarly, the Government of Ontario, in December 2015, introduced a 50 million fertility program, which funded one cycle of IVF and unlimited artificial insemination and intra-uterine insemination treatments. Additionally, the National Health Service (NHS) also formulated policies to fund the treatment for infertility across the U.K. The IVF treatment for single women and lesbian couples were made accessible in Malta, in June 2018, after Marie Louise Coleiro Preca, the Maltese President signed the Embryo Protection (Amendment).

Market Drivers, Restraints, Trends, and Opportunities

  • Growing awareness, rapid emergence of fertility tourism, and increasing access to infertility treatment are the prime factors boosting the market growth.
  • Increasing cases related to fertility risk and incidence of miscarriages during pregnancy are propelling the market expansion during the forecast period.
  • Rising prevalence of male and female infertility across the globe is fueling the acceptance of infertility services such as donor insemination and IVF procedures, thereby driving the market growth.
  • Supportive governments’ initiatives and their rising funding to spur the adoption of fertility treatments, thereby boosting the market growth.
  • Growing acceptance of single-parent and increasing acceptance of same-sex families in many societies are creating various opportunities for the market growth.
  • The emergence of COVID-19 pandemic has adversely affected the market growth. The pandemic has forced to decline the sperm donation among donors. This factors is hindering the market growth.

Scope of the Report

The report on the global sperm bank market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Sperm Bank Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Service Types (Sperm Storage, Semen Analysis, and Genetic Consultation), Donor Types (Known and Anonymous), and End-users (Donor Insemination and In Vitro Fertilization)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Fairfax Cryobank, Inc., Xytex Corporation, Andocryos, Cryo-Save AG, Indian Spermtech, New England Cryogenic Center, Seattle Sperm Bank, and London Sperm Bank

 

Global Sperm Bank Market Segment Insights

Semen analysis segment projected to represent a considerable market share
On the basis of service types, the global sperm bank market is segregated into sperm storage, semen analysis, and genetic consultation. The semen analysis segment is projected to represent a considerable market share during the forecast period owing to rising demand for ART procedures and increasing need for advanced semen analysis solution. Extensive analysis of semen is essential before any ART procedure and basic screening is mandatory while storing stores. Additionally, the growing preference for fertility tourism in countries such as India and Spain are further boosting the demand for semen analysis services. Supportive legal framework and cost effectiveness are the prime factors propelling the fertility tourism in these countries. Spain is a preferred destination for fertility treatments.

On the other hand, the sperm storage segment is anticipated to expand at a lucrative CAGR during the forecast period due to constant innovations in cryopreservation techniques, increasing prevalence of infertility, and demand for IVF procedures. Sperm storage is helpful to store fertility in case of medical treatments, surgery, high risk occupations such as military, and exposure to toxic environment.
 

Sperm Bank Market By Service Types


Known segment anticipated to constitute a large market share
In terms of donor types, the market is bifurcated into known and anonymous. The known segment is anticipated to constitute a large market share during the forecast period. The growth of the segment is attributed to the changing legal policies in several countries which mandates the right to the offspring to know their biological parent. Austria, Switzerland, New Zealand, Sweden, the UK, and Australia are some of the countries having stringent laws against donor anonymity. The New Hampshire based fertility law firm, New Hampshire Fertility Law PLLC, under the New Hampshire Law, has stated that the prospective parents have a reasonable alternative to use a known donor, after completing all the legal prerequisites. The medical and behavioural background of the donor is ensured by the use of known donor. The Cryos International states, the total number of anonymous donors is much higher than known donors. However, the price of a known donor is much higher, which is also expected to boost the segment growth.

Meanwhile, the anonymous segment is expected to register a lucrative CAGR during the forecast period. An anonymous donor does not disclose his identity in any official records. However, in several countries it is made mandatorily to disclose donors to the recipient, by signing a confidentiality contract between the donor and recipient. The process of using anonymous donor is less complex than that of a known donor. A large number of countries is inclining towards adoption of the policy to disclose the biological identity of the offspring. This is expected to adversely impact the market growth.

In Vitro fertilization segment expected to represent a significant market share
Based on end-users, the sperm bank market is bifurcated into donor insemination and in vitro fertilization (IVF). The IVF segment is expected to represent a significant market share during the forecast period owing to increasing awareness of consumers regarding the benefits of IVF procedures. Additionally, high cost of procedure is also a significant factor driving the market growth. IVF is gaining significant tractions in countries such as Japan owing to the rising prevalence of infertility among male population and high maternal age among female population. Increasing incidence of Polycystic Ovary Syndrome (PCOS) and elimination of China’s one child policy are some of the other factors driving the segment growth. Supportive reimbursement framework and funding enhances the access to IVF, which is projected to create various opportunities for the market growth.

On the other hand, the donor insemination segment is anticipated to expand at a substantial CAGR during the forecast period. Donor insemination is another technique for the fertility treatment. The donor insemination segment has a large consumer base owing to low cost and easy techniques. However, it has a low success rate than other fertility techniques, this in turn is projected to hamper the market growth during the forecast period.

North America region projected to register a high CAGR
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is projected to register a high CAGR during the forecast period owing to growing prevalence of infertility among a large number of the population in the region. For instance, in 2017, according to the US Department of Health and Human Services statistics, about 6.1 million women between the ages of 15 to 44 were facing issues in getting pregnant or staying pregnant. The market in Europe, however, is anticipated to exhibit a healthy CAGR during the forecast period owing to various factors such as lower treatment cost compared to US and Canada along with the rising number of IVF centers in this region. Growing preference for fertility tourism is also propelling the regional demand.
 

Sperm Bank Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sperm Bank Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Sperm Bank Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Sperm Bank Market - Supply Chain
  4.5. Global Sperm Bank Market Forecast
     4.5.1. Sperm Bank Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Sperm Bank Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Sperm Bank Market Absolute $ Opportunity
5. Global Sperm Bank Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Sperm Bank Market Size and Volume Forecast by End Users
     5.3.1. Donor Insemination
     5.3.2. In Vitro Fertilization
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Sperm Bank Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Sperm Bank Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Sperm Bank Demand Share Forecast, 2019-2026
7. North America Sperm Bank Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Sperm Bank Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Sperm Bank Market Size and Volume Forecast by End Users
     7.4.1. Donor Insemination
     7.4.2. In Vitro Fertilization
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Sperm Bank Demand Share Forecast, 2019-2026
8. Latin America Sperm Bank Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Sperm Bank Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Sperm Bank Market Size and Volume Forecast by End Users
     8.4.1. Donor Insemination
     8.4.2. In Vitro Fertilization
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Sperm Bank Demand Share Forecast, 2019-2026
9. Europe Sperm Bank Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Sperm Bank Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Sperm Bank Market Size and Volume Forecast by End Users
     9.4.1. Donor Insemination
     9.4.2. In Vitro Fertilization
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Sperm Bank Demand Share Forecast, 2019-2026
10. Asia Pacific Sperm Bank Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Sperm Bank Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Sperm Bank Market Size and Volume Forecast by End Users
     10.4.1. Donor Insemination
     10.4.2. In Vitro Fertilization
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Sperm Bank Demand Share Forecast, 2019-2026
11. Middle East & Africa Sperm Bank Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Sperm Bank Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Sperm Bank Market Size and Volume Forecast by End Users
     11.4.1. Donor Insemination
     11.4.2. In Vitro Fertilization
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Sperm Bank Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Sperm Bank Market: Market Share Analysis
  12.2. Sperm Bank Distributors and Customers
  12.3. Sperm Bank Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Fairfax Cryobank, Inc.
     12.4.2. Xytex Corporation
     12.4.3. Andocryos
     12.4.4. Cryo-Save AG
     12.4.5. Indian Spermtech
     12.4.6. New England Cryogenic Center
     12.4.7. Seattle Sperm Bank
     12.4.8. London Sperm Bank

Segments Covered in the Report
The global sperm bank market has been segmented on the basis of

Service Types

  • Sperm Storage
  • Semen Analysis
  • Genetic Consultation

Donor Types

  • Known
  • Anonymous

End-users

  • Donor Insemination
  • In Vitro Fertilization

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Fairfax Cryobank, Inc.
  • Xytex Corporation
  • Andocryos
  • Cryo-Save AG
  • Indian Spermtech
  • New England Cryogenic Center
  • Seattle Sperm Bank
  • London Sperm Bank

Some of the key players in the global sperm bank market include Fairfax Cryobank, Inc., Xytex Corporation, Andocryos, Cryo-Save AG, Indian Spermtech, New England Cryogenic Center, Seattle Sperm Bank, and London Sperm Bank.

Key players are focusing on various initiatives to gain a competitive edge in the market. For instance, in July 2014, Xytex Corporation announced the launch of xyConnects, an online platform allowing the registration and communication of donors, parents, and offspring in social media settings. Additionally, key players are adopting strategies such as mergers and acquisitions. For instance, in August 2018, GI Partners completed the merger and acquisition of California Cryobank (CCB).
 

Sperm Bank Market By key Players

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