Sperm Bank Market: Current Analysis and Forecast (2024-2032)
Emphasis on Service (Sperm Storage, Semen Analysis, and Genetic Consultation); Donor (Known Donor, Anonymous Donor, and Other Donors); Fertilization Technique (Donor insemination and In vitro fertilization); and Region/Country
Global Sperm Bank Market Size & Forecast
The global sperm bank market was valued at ~USD 5 billion in 2023 and is expected to grow at a strong CAGR of around ~4% during the forecast period (2024-2032) owing to increasing preference for IVF due to its higher success rates compared to other methods like donor insemination.
Global Sperm Bank Market Analysis
The market for sperm banks globally is in a healthy growth stage due to the following factors such as awareness regarding fertility preservation, improvement in reproductive technologies, and the increased demand for assisted reproductive solutions. These trends were early parenthood, same-sex couples desiring parenthood, and single women seeking sperm donation. Also, advances in cryopreservation techniques and genetic tests used for the diagnosis of genetic disorders have benefited the potential of donor inseminations. The competition appears to be formed both by huge transnational and numerous regional companies that provide a wide range of services ranging from donor selection to genetic screening and storage of samples. It is also for this reason that the global sperm bank market promises a consistent progressive development and diversification as society’s progressions as well as medical technologies continue to change.
Global Sperm Bank Market Trends
This section discusses the key market trends that are influencing the various segments of the global sperm bank market, as identified by our team of research experts.
Known Donor Segment Transforming Industry
The known donor segment contributes the most to sperm bank growth as it is not only safe but also provides the desired traits. Known donors are probably friends or relatives of the recipient, which can add to an element of confidence and ease the intended couple’s psychological perception of the procedure. This segment also deals with the questions related to the genetic background and identity of the donors, which becomes more and more significant for many people and couples turning to assisted reproductive technologies. Therefore, increased and added preference for known donor services leads sperm banks to provide specialized programs and aids for known donations to the marketplace. With the continued enhancement of awareness and legislation on the known donor arrangement, this segment is set to create a foundation for the growth of the sperm bank segment.
Asia-Pacific is Expected to Grow at the fastest CAGR During Forecast Period.
This report reveals that the Asia sperm bank market is evolving fast due to growing knowledge of fertility conservation and ARTs. China, India, Japan, and South Korea are the most popular Asian countries that attract growth because of increasing infertility, improvements in reproductive health, as well as acceptance of sperm donation and artificial insemination. The market is under development due to a boost in local as well as international sperm bank companies entering the market and technological advancement in sperm preservation. Also, getting government support and greater middle group income that leads to increase per capita consumption are the factors that help expand the market even in the future. Since people’s perception of reproductive health has evolved and fertility services delivered across the region have increased, the Asia sperm bank market will experience significant growth in the forthcoming years.
Global Sperm Bank Industry Overview
The global sperm bank market is competitive, with several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are Cryos International; New England Cryogenic Center; European Sperm Bank; Fairfax Cryobank, Inc.; The London Sperm Bank; Indian Spermtech; ReproTech LLC; Xytex Corporation; Cryobank America LLC; and The Sperm Bank of California
Global Sperm Bank Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, type portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global sperm bank market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Global Sperm Bank Market Analysis (2024-2032)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Sperm Bank market were the three major steps undertaken to create and analyze the adoption of global Sperm Banks in major regions. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across the value chain of the global Sperm Bank market. For the assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the global Sperm Bank market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the global sperm bank market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as service, donor, fertilization technique, and regions. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the global Sperm Bank market. Further, we conducted factor analysis using dependent and independent variables such as service, donor, fertilization technique, and global sperm bank market regions. A thorough analysis of demand and supply-side scenarios was conducted considering top partnerships, mergers and acquisitions, business expansion, and product launches in the global Sperm Bank market sector.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Sperm Bank market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to several factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the global Sperm Bank market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Global Sperm Bank market in terms of types offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Sperm Bank market. Data was split into several segments and sub-segments after studying various parameters and trends in the global Sperm Bank market’s service, donor, fertilization technique, and regions.
The main objective of the Global Sperm Bank Market Study
The current & future market trends of the global sperm bank market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the market’s overall attractiveness at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the global Sperm Bank market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of the service, donor, fertilization technique, and regions.
- Define and analyze the regulatory framework for the industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the global Sperm Bank market for the major regions.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the global Sperm Bank market and the growth strategies the players adopt to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the global Sperm Bank market’s current market size and growth potential?
Q2: What are the driving factors for the growth of the global Sperm Bank market?
Q3: Which segment has the largest share of the global sperm bank market by service category?
Q4: What are the emerging technologies and trends in the global Sperm Bank market?
Q5: Which region will dominate the global Sperm Bank market?
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