“Sperm Bank Market Analysis By Donor Type, By Service Type (Sperm Storage, Semen Analysis, Genetic Consultancy), By Technology (Donor Insemination, In-Vitro Fertilization), And Segment Forecasts, 2014 – 2025” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977.
The global sperm bank market size was valued at USD 3.51 billion in 2015 and is projected to grow at a CAGR of 3.5% during the forecast period. It is expected to witness significant growth on account of rapid increase in the young sperm donors and rapidly changing technology in Assisted Reproductive Procedures (ARP). The rising number of countries legalizing same-sex marriages and social acceptance are among few factors anticipated to drive the market over the forecast period.
The growing awareness regarding the benefits of sperm banking in various countries, like the U.S., Canada, and many others, is one of the key factors expected to propel demand in the coming few years. However, the lack of favorable government regulations in the under developed countries and high cost of Assisted Reproductive Technology (ART) procedures are among few factors that can impact the market negatively.
Few countries with favorable government policies, such as the U.S., the UK, Sweden, Switzerland, Spain, and Denmark, are further expected to drive the market over the forecast period. The growing export of stored sperms largely by the aforementioned countries to meet demand for sperms all over the world is one of the key factors that can be accounted for the current revenue share.
Known donor segment dominated the overall market in 2015, and is anticipated to continue its dominance over the forecast period. The key factor that can be attributed to the surging demand is the huge requirement for known donors with basic and/or detailed information about them.
Moreover, the price of known sperms is much higher as compared to anonymous, which is another reason for the high revenue share. The anonymous donor segment is expected to grow at a slower pace as compared to the abovementioned segment. Despite the presence of huge anonymous young sperm donors, the global anonymous market is not growing at the similar pace owing to the growing demand for known donors
The semen analysis segment held a majority of the share in 2015.The high demand for semen for insemination procedure, which requires high-quality sperms; growing number of inseminations; and technological advancements in semen analysis procedures increase the overall cost associated with it; these are few factors contributing to the large share of this segment.
Furthermore, sperm storage segment is projected to be the fastest growing during the forecast period. The increasing collaboration between sperm banks and hospitals, rising infertility, and growing international demand for sperms are expected to boost the segment growth.
Donor insemination segment held majority of the share in 2015. The overall cost associated with semen analysis for various insemination procedures is almost thrice as compared to other ARPs. The growing number of insemination procedures and significant adoption of these procedures are some of the factors contributing to the large share of the segment.
However, in vitro segment is projected to be the fastest growing during the forecast period. Increasing adoption of in vitro fertilization coupled with growing patient awareness levels pertaining to the advantages associated with IVF is a key factor which will drive the market growth over the forecast period.
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In 2015, North America was the largest regional market. Based on a report published by the National Survey of Family Growth, CDC, in 2012, approximately 11% of the reproductive-age population in the U.S. was infertile. The growing prevalence of infertility among American population is one of the significant factors boosting sperm banks in this region.
Asia Pacific is projected to be the fastest growing with a CAGR of 4.3% during the forecast period. Population growth rate of approximately 0.96% per annum, and the presence of unique task force-Asia Pacific Initiative on Reproduction-to promote awareness regarding infertility and ART are anticipated to be some of the key contributors to growth. However, some factors like high cost associated with the procedures and lower acceptance of sperm donation & IVF procedures are expected to restrain the market.
Some of the key market players of the sperm bank industry are Cryos International, Fairfax Cryobank; New England Cryogenic Center, Inc.; Androcryos; and many others. Cryos International Sperm Bank is one of the world’s largest sperm bank with a storage capacity of over 70 liters, and it has also set up a base in India.
The sperm bank industry is expected show a lucrative growth over the forecast period due to key players engaging in continuous upgradation and advancements. Additionally, geographic expansion in emerging markets is also a key strategy adopted by various service providers which is anticipated to boost market growth in coming few years.
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Segments Covered in the Report
This report forecasts revenue growth and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the sperm bank market on the basis of donor type, service type, end-use and region:
Donor Type Outlook (Revenue, USD Million; 2014 – 2025)
Service Type Outlook (Revenue, USD Million; 2014 – 2025)
End-Use Outlook (Revenue, USD Million; 2014 – 2025)
In Vitro Fertilization
Regional Outlook (Revenue, USD Million; 2014 – 2025)
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