DUBLIN--(BUSINESS WIRE)--The "Sperm Bank Market Size Analysis Report By Service Type (Sperm Storage, Semen Analysis, Genetic Consultation), By Donor Type (Known, Anonymous), By End Use, And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global sperm bank market size is expected to reach USD 5.45 billion by 2025, growing at a CAGR of 3.3% over the forecast period.
The market is majorly driven by increasing incidence of male and female infertility, rising acceptance of sperm banking services, and government initiatives in Assisted Reproductive Techniques (ART). Increasing cases of miscarriage is also one of the key growth contributors.
According to the female age-related infertility study by the American Society for Reproductive Medicine (ASRM), fertility decreases with age. Risks of complications during pregnancy also increase with age, resulting in the use of donor sperms or eggs. Rising trend of smoking is also affecting fertility in males and females. Female smokers achieve menopause earlier as compared to non-smokers and are also at higher risk of miscarriage. This also represents lucrative opportunities for market growth.
Rise in funding and supportive initiatives for ART has driven growth of the sperm bank market. For instance, the Australian government funds the ART services under the Medicare Benefit Scheme. It supports the access to In vitro Fertilization (IVF) or ART for the people unable to have children. Other countries with supportive initiatives include U.K., Singapore, and Canada.
The growing acceptance of Lesbian, Gay, Bisexual, and Transgender (LGBT) community is also a key market driver. The Human Rights Campaign (HRC) reports that the LGBT community is growing in the U.S., and a survey states that more than 10,000 LGBT identified youth are aged between 13 and 17 years. This represents growing demand for sperm banking services in the country.
Further key findings from the report suggest:
- In 2018, the known donor segment held the largest market share in terms of revenue, due to legal framework in various countries against donor anonymity.
- Semen analysis accounted for the highest revenue share in 2018. However, sperm storage segment is expected to expand at the faster CAGR over the forecast period.
- In vitro fertilization held the largest revenue share in terms of end use, in 2018 and is anticipated to expand at a CAGR of 3.3% over the forecast period.
- Asia-Pacific is expected to register the fastest CAGR over the forecast period owing to growing fertility tourism and low cost of the procedure.
- Key players operating in the sperm bank market include Fairfax Cryobank, Cryo-Save, Andocryos, New England Cryogenic Center, Indian Spermtech, Seattle Sperm Bank, Xytex Corporation, and London Sperm Bank.
Key Topics Covered
Chapter 1 Research Methodology
Chapter 2 Executive Summary
Chapter 3 Sperm Bank Services Market Variables, Trends & Scope
Chapter 4 Sperm Bank Services Market - Competitive Analysis
Chapter 5 Sperm Bank Services Market: Donor Types Estimates & Trend Analysis
5.1 Definition & Scope
5.2 Donor Type Market Share Analysis, 2018 & 2025
5.3 Segment Dashboard
5.4 Global Sperm Bank Services Market, By Donor Type, 2014-2025
5.4.1 Known donor
5.4.2 Anonymous donor
Chapter 6 Sperm Bank Services Market:Services Type Estimates & Trend Analysis
6.1 Definition & Scope
6.2 Services Type Market Share Analysis, 2018 & 2025
6.3 Segment Dashboard
6.4 Global Sperm Bank Services Market, by Services Type, 2014-2025
6.4.1 Sperm storage
6.4.2 Semen analysis
6.4.3 Genetic consultation
Chapter 7 Sperm Bank Services Market: End Use Estimates & Trend Analysis
7.1 Definition & Scope
7.2 End-use Market Share Analysis, 2018 & 2025
7.3 Segment Dashboard
7.4 Global Sperm Bank Services Market, By End-uses, 2014-2025
7.4.1 Donor insemination
7.4.2 In vitro fertilization
Chapter 8 Sperm Bank Services Market: Regional Estimates & Trend Analysis, By Product
8.1 Regional Sperm Bank Services Market Snapshot
8.2 List of Key Players, by Region
8.3 Regional Sperm Bank Services Market Share Analysis, 2018
8.3.1 North America
8.3.4 Latin America
8.4 SWOT Analysis, by Factor
8.4.1 North America
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East & Africa
Chapter 9 Company Profiles
9.1 Company Profiles
9.1.1 Cryo-Save AG
9.1.3 New England Cryogenic Center
9.1.4 Indian Spermtech
9.1.5 European Sperm Bank
9.1.6 Seattle Sperm Bank
9.1.7 Fairfax Crobank Inc.
9.1.8 London Sperm Bank
9.1.9 Xytex Corporation
9.2 List of Other Players
For more information about this report visit https://www.researchandmarkets.com/r/fryna1
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