Sperm Bank Market - Forecast(2021 - 2026)

 Sperm Bank Market size was valued at $ 5.01Bn in 2019 and is anticipated to grow at a CAGR of 3.6% during the forecast period 2020-2025. The Sperm Bank Market growth rate is attributed to the fact that many couples are facing a problem of not having a child as the female partner is not able to produce gamete (egg) or the male partner is having low sperm characteristics (low sperm count, less motility). In such cases, there arise a need for a healthy donor who can donate them healthy, mature and viable gametes to bring the hope of having a child which leads to the adoption of assisted reproductive technology (ART) therapy and therefore surged the demand for sperm banks. Sperm banks are licensed enterprises with an aim to maintain male fertilization capacity. A sperm banks collect, stores, and preserves sperm from healthy volunteers to help infertile couples to have a child. From improvement’s made in artificial insemination and other ART methods require heavy investment which has led to growing government funding across various countries is anticipated to propel the Sperm Bank Market during the forecast period 2020-2025.   

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Report Coverage

The report: “Sperm Bank Market Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Sperm Bank Market. 

By Donor Type: Known Donor, Anonymous Donor, Unknown Donor

By Service Type: Genetic Consultation, Sperm Storage, Sperm Analysis, Sperm Donation 

By Vial Type: In-Vitro Fertilization, Intrauterine Insemination, Intracervical Insemination

By End-Use: Transgender People, Military Officers, Pre-Vasectomy Patients, Cancer Patients, Police Officers, Fire Fighters, High Impact 

Distribution Channel: Fertility Clinics, Hospitals, Sperm Collection Centers

By  Geography: North America, Asia Pacific, Europe, Rest of World 

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Key Takeaways

• North America dominated the Sperm Bank Market with a share of 37% in the year 2019.        
• The factors such as rapid increase in male and female infertility, wide acceptance of sperm bank across globe, etc.  are amongst the major factor projected to impel growth of Sperm Bank Market.
• Increase in the number of initiatives taken by government to support sperm bank, heavy investment for the advancement of technology and development such as artificial insemination and other ART methods in sperm banks are the key factors owing to the growth in the segment during forecast period 2020-2025.

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Donor Type - Segment Analysis

Known Donor segment held the largest share in the market over other donors as there has been a change in legal landscape in many developing countries in the recent years making it mandatory right of the offspring to know about their biological parent after a certain age. Although the total number of known donors are much less as that of others, but with the price of a known donor being much higher than anonymous donors which ensures the disclosure of the medical and behavioral background of the donor through a confidentiality contract between the donor and recipient, thereby contributing to the segmental market growth in the forecast period of 2020-2025.

   

Service Type- Segment Analysis

Based on service type, semen analysis segment held the major share of the market in terms of revenue and is anticipated to grow with a CAGR of 2.8%. The reason is attributed to the growing demand for ART procedures along with rising demand for semen analysis. Extensive semen analysis is mandatory before any ART procedure and basic screening is essential while storing sperms thereby increasing the need for semen analysis amongst all the sperm bank services. Sperm analysis is believed to rise effectively as trends like fertility tourism is propelling in various European and South-Asian countries with supportive legal framework and cost effectiveness. Furthermore, innovations in other ART methods and preservation techniques to ensure that sperms retain its fertility is anticipated to propel the market growth over the projection period of 2020-2025.

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