Sperm Bank Market Size- By Service, By Donor, By Type of Vials, By End Use- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Global Sperm Bank Market Overview:

According to SPER Market Research, the Global Sperm Bank Market is estimated to reach USD 7.05 billion by 2032 with a CAGR of 3.54%.

The growth of the semen bank market is fuelled by advances in semen cryopreservation for preserving sperm cells. Moreover, increasing prevalence of obesity worldwide is a growing trend of the market. Furthermore, obesity is a known risk factor for low sperm count in female and male infertility. Infertile women and men use artificial insemination techniques. In addition, increasing prevalence of various chronic diseases such as uterine fibroids, thyroid, obesity, polycystic ovary syndrome (PCOS) and increasing infertility due to increased use of drugs and tobacco products are also driving the growth of the market. helps to promote. Additionally, growing awareness of reproductive treatment options such as in vitro fertilization and ICSI and favourable government regulations on sperm donation drive the market growth. Growing acceptance of the gay, bisexual, lesbian, and transgender (LGBT) community is also likely to boost the market growth.

Impact of COVID-19 on the Global Sperm Bank Market:

The COVID-19 outbreak has impacted the seed bank market. COVID-19 is impacting not only the sperm banking market, but the entire healthcare industry. It has disrupted supply chains and put a financial strain on many companies. The pandemic has resulted in nationwide lockdowns in almost every country, making it impossible for people to visit sperm banks, hospitals, etc. to donate or collect sperm for safety reasons. For example, according to Springer's article titled, "Sperm Bank Safety Issues During the COVID-19 Pandemic: Data from a European Study," the majority of centres are facing particularly extreme No safety measures were observed. Precautionary measures to avoid possible viral infections and contagion. Moreover, according to the same source, only 4 out of 22 laboratories kept samples in special tanks for patients with positive nasopharyngeal swabs (NPS). Different rules for collection and storage. For example, Italian regulations for cryopreservation of gametes establish that dedicated cry containers are required for each different medical condition screened to avoid viral contamination. Therefore, the lack of security in the early days of the pandemic negatively affected the market growth. However, the lifting of COVID-19 restrictions and some measures taken by seed banks and centres to avoid contamination are expected to drive market growth during the forecast period.

Scope of the Report:

Market size available for years 2019-2032

Base year considered 2021

Forecast period 2022-2032

Segments covered By Service, By Donor, By Type of Vials, By End Use

Regions covered North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Companies Covered Androcryos CC, Baby Quest Cryobank Pvt. Ltd., California Cryobank, Cryos International, Cryo-Save Group, European Sperm Bank, FairFax Cryobank, Indian Spermtech, London Sperm Bank, New England Cryogenic Center, ReproTech, Seattle Sperm Bank, Xytex.

Global Sperm Bank Market Segmentation:

By Service: Based on the Service, Global Sperm Bank Market is segmented as; Sperm Storage, Semen Analysis, Genetic Consultation.

By Donor: Based on the Donor, Global Sperm Bank Market is segmented as; Known Donor, Anonymous Donor, ID Disclosure Donors

By Type of Vials: Based on the Type of Vials, Global Sperm Bank Market is segmented as; Intrauterine Insemination (IUI), Intracervical Insemination (ICI), In-Vitro Fertilization

By End Use: Based on the End-Use, Global Sperm Bank Market is segmented as; Donor Insemination, In Vitro Fertilization

By Region: North America holds the largest market share in the seed bank market and is expected to dominate the market during the forecast period. Asia Pacific is expected to perform the fastest during the forecast period. This growth is due to the availability of inexpensive treatments. In addition, rising rates of infertility and miscarriage, and increasing demand for ART and low-cost treatments are boosting market growth in the region.