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Global Sperm Bank Market to Reach USD 5.65 Billion by 2027, Aided by the Increasing Infertility Cases

According to a new report by EMR titled, ‘Global Sperm Bank Market Report and Forecast 2022-2027’, the global sperm bank industry attained a value of about USD 4.62 billion in 2021. The industry is further expected to grow at a CAGR of 3.4% in the forecast period of 2022-2027 to reach a value of USD 5.65 billion by 2027.

The global sperm bank market is dominated by the North American region. One of the factors driving the growth of sperm banks is an upsurge in the incidence of infertility among both males and females, especially in the North American region. Some of the few concerns related to infertility in males apart from genetics include frequent alcohol consumption, drug abuse, exposure to toxic environmental pollutants causing poor sperm fertility and motility, lower sperm count, pre-ejaculation issues, and abnormally shaped sperm. As a result, demand for various infertility and artificial insemination techniques such as In Vitro Fertilization (IVF) and donor insemination are expected to rise, ultimately driving the market growth.

According to World Health Organization (WHO) report, one in every four couples in developing countries are affected by infertility. An increase in acceptance of the LGBTQ community globally is also contributing to industrial growth. Sperm banking services witnessed lucrative opportunities due to the legalization of same-sex and single-parent families. Other factors boosting the growth of sperm banks are increasing awareness about sperm donation, innovation in cryopreservation techniques, advancements in surgical technology, higher rates of miscarriages, overall augmenting investments in healthcare facilities. The government is also taking initiatives to promote reproductive assistance services like IVF, artificial insemination, and surrogacy, and the rise in access and adoption of infertility treatments using donor sperm. Known donors contribute the most to this sector. The key factor for market growth can be the changing legal frame, the right of the offspring to know about their biological parent.

The rising competition among the key players is also providing an impetus to market growth. Xytex Corporation, in January 2021, partnered with a Nationally Board Certified, licensed acupuncturist and herbalist to provide holistic guidance for their already exceptionally qualified donors. This will include background checks, education verification, medical history, behavioural and physical evaluations, and semen analysis, among others. The aim is to provide the tools and education that not only promotes a healthy lifestyle for them but also gives our clients the best sperm they need for a happy and healthy baby.

Market Analysis by Donor Types, Service Types, End Users, and Regions:

  • Based on donor types, the industry can be divided into known donors and anonymous donors.
  • On the basis of service types, the market can be divided into sperm storage, semen, and genetic consultation.
  • Based on end-users, the industry can be divided into donor insemination and in vitro fertilization.
  • The regional markets for sperm banks include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • An increase in the incidence of infertility in both males and females is driving the growth of the sperm bank market.
  • Innovation in cryopreservation techniques and advancements in surgical technology provides impetus to the demand for sperm banks.
  • An increase in acceptance of the LGBTQ community is also fuelling the demand for sperm banks.
  • Government initiatives to support sperm banks and a surge in acceptance of sperm banks globally are also propelling the market growth.

Key Offerings of the report:

  • The EMR report gives an overview of the global sperm bank market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for the donor types, service types, end-uses, and major regions of the sperm bank.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global sperm bank industry are Seattle Sperm Bank, Cryo-Save AG, Xytex Corporation, Fairfax Crobank Inc., Indian Spermtech, and European Sperm Bank APS, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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