Global Sperm Bank Market

Sperm bank is defined as a specialized organization that purchases and stores sperm, which is collected from human sperm donor & sold to those women who need to conceive. Sperms are donated by men only when he contracts with the sperm bank, which is usually for 6-24 months. Sperm donors can donate sperm for more than two years. In the United States these banks are regulated by the Human Cell and Tissue Bank Product, which is founded by (USFDA) Food and Drug Administration.

Market Drivers

The increase in prevalence of obesity is expected to boost the growth of global sperm bank market over the forecast period. Obesity is the major risk factor for low sperm count in men and fertility among women. Men & women with fertility issues opt for artificial insemination techniques. Thus, the increase in risk of infertility due to the obesity, is expected to drive the global sperm bank market growth. Also, the increase in demand for the fertility treatments like In vitro Fertilization (IVF) will positively influence the growth of sperm bank market across the globe.

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Furthermore, the increase in concerns of male infertility due to abnormal & inadequate sperm volume & ejaculatory issues is expected to further boost the global sperm bank market growth during this forecast period. For instance, as per the American Association of Pregnancy, male infertility accounts for 30 percent of the infertility cases that is around one-fifth of all infertility cases. Apart from genetic problems male infertility is occurred due to illicit drugs, exposure to toxic substances, frequent alcohol consumption & smoking. Thus, the increase in prevalence of male & female infertility across the globe propelling the adoption of infertility services like donor insemination and IVF procedures, thereby accelerating the market growth.

Market Restraints

Stringent government rules and regulations across various countries as well as negative approach towards sperm banks and donor are some restraints which may hamper the growth of global sperm bank market. Also, the high operating cost of sperm banks are expected to hinder the global sperm bank market.

Market Segmentation

The Global Sperm Bank Market is segmented into donor type such as Known Donor, and Anonymous Donor. The known donor segment holds the largest market share in terms of revenue and it is anticipated to expand at a lucrative CAGR 4.5 percent over the forecast period. Further, market is segmented into service type such as Sperm Storage, Semen Analysis, and Genetic Consultation. The semen analysis segment held the largest revenue from past few years, due to the growing demand for ART procedures along with increasing demand for semen analysis. On the basis of end use the market is segmented into Donor Insemination, and In vitro Fertilization.

Regional Analysis

Global Sperm Bank Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The North America region is expected to dominate into global market in terms of revenue share and is expected to continue its dominance during the forecast period. This dominance is attributed to increasing incidence of infertility among population across various countries in this region. Also, Europe is expected to register second-highest share in terms of revenue during the forecast period, due to the lower treatment cost as compared to treatment in the US & Canada and the rise in number of IVF (in-vitro Fertility) centers across various countries in this region.

Key Players

Various key operating players are listed in this report such as Cryo-Save AG, Fairfax Cryobank, Inc, Xytex Corporation, Indian Spermtech, Seattle Sperm Bank, London Sperm Bank, Andocryos, New England Cryogenic Center, California Cryobank, Babyquest Cryobank,etc.

Market Taxonomy

By Donor Type

  • Known Donor
  • Anonymous Donor

By Service Type

  • Sperm Storage
  • Semen Analysis
  • Genetic Consultation

By End Use

  • Donor Insemination
  • In vitro Fertilization

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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Contact Information:

Vishal Thakur
Research Support Specialist
QualiKet Research
6060 N Central Expy #500, TX 75204, U.S.A
Email: sales@qualiketresearch.com
Website: https://qualiketresearch.com