Global Sperm Bank Market Size, Share, Growth Analysis, By Donor Type(Known Donor, and Anonymous donor), By Service(Sperm storage, Semen analysis), By Fertilization Techniques(Donor insemination, and In vitro fertilization) - Industry Forecast 2024-2031

Global Sperm Bank Market size was valued at USD 4.83 billion in 2022 and is poised to grow from USD 5.10 billion in 2023 to USD 7.82 billion by 2031, at a CAGR of 5.5% during the forecast period (2024-2031).

The market for sperm bank services is being propelled by various factors including advancements in cryopreservation techniques, heightened awareness, the rise of reproductive tourism, and improved accessibility to infertility treatments. Furthermore, increasing acceptance of single-parent and same-sex households is fostering significant growth potential. A key contributor to the growing demand is the escalating likelihood of miscarriages. Moreover, the acceptance of the LGBT community is influencing sperm donations worldwide. As concerns regarding male infertility, such as low sperm counts and ejaculatory issues, continue to mount, the demand for sperm bank services is expected to rise. Male infertility, responsible for up to 50% of infertility cases according to the American Association of Pregnancy, is exacerbated by factors like smoking, substance abuse, exposure to harmful substances, excessive alcohol consumption, and hereditary conditions. This rise in both male and female infertility globally is fueling the demand for infertility treatments, including donor insemination and IVF procedures, thereby driving the expansion of the market.

Top-down and bottom-up approaches were used to estimate and validate the size of the global sperm bank market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Sperm Bank Market Segmental Analysis

The global sperm bank market is segmented on the basis of donor type, service, fertilization techniques, and region. Based on donor type, the market is segmented into known donor and anonymous donor. Based on service the market is segmented into Sperm storage, semen analysis, genetic consultation. Based on fertilization techniques, the market is segmented into donor insemination, and in vitro fertilization. Based on region the global Sperm Bank Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Drivers of the Global Sperm Bank Market

The increasing incidence of infertility problems and the longing for parenthood among couples and individuals unable to conceive naturally are fueling the demand for assisted reproductive technologies. Sperm banks are essential in addressing this demand by offering access to high-quality sperm samples, thus facilitating the process of conception for those in need.

Restraints in the Global Sperm Bank Market

A potential challenge in the market lies in the availability of suitable sperm donors, with stringent screening procedures and eligibility criteria, encompassing medical history, genetic testing, and psychological assessments, serving as constraints that narrow down the pool of potential donors. Consequently, this limitation may lead to extended waiting periods for individuals or couples in need of donor sperm.

Market Trends of the Global Sperm Bank Market

The surge in demand for donor sperm is propelled by several factors including rising infertility rates, delayed parenthood, the increasing prevalence of same-sex couples, and single individuals desiring to establish families. This trend is fueling the expansion of the sperm bank market, indicating a growing need for reproductive assistance services to accommodate diverse family-building preferences.