PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279865
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279865
Global Sperm Bank Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than 3.3% over the forecast period 2023-2030. A sperm bank, which is also known as a cryobank, is a specialized company that buys and preserves sperm that is obtained from human sperm donors and sold to women who need to conceive. Sperm donor contracts with the sperm bank for an average of 6 to 24 months before donating sperm. Sperm can be given for more than two years. The sperm donor often complies with specified age and medical history requirements to give sperm to needy women. The market growth is driven by key factors such as the growing Acceptance of the LGBT Community, the prevalence of Poor Fertility, and Advancement in Cryopreservation.
For instance, the anticipated male infertility rate in North America is between 4.5% and 6%, according to a StatPearls article named "Male Infertility" that was published in July 2022. Additionally, 12% of Canadians will smoke frequently in 2021, according to the World Health Organization. Additionally, according to the same source, persons 20 years of age or older smoke more than any other age group (11%) compared to those between the ages of 15 and 19 (4%). The rising prevalence of smoking is associated with a high level of ferroptosis in seminal plasma, which affects the quality of semen and lowers the likelihood of becoming pregnant, both of which are predicted to drive the study market's growth over the projection period. Moreover, Technological advancement and development in the sperm bank industry enhance the market opportunities in the coming years. However, Lack of Awareness Among People and low Availability of Sperm Banks stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Sperm Bank Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. The growing demand for donor sperm and the increasing acceptance of assisted reproduction technologies in Europe is expected to drive continued growth in the sperm bank market in the region. As a result, Europe is likely to maintain its position as the leading and fastest-growing region in the sperm bank market in the coming years.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable