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The sperm bank market size has the potential to grow by USD 744.66 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by service (semen analysis, sperm storage, and genetic consultation) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Androcryos, Cryos International-Denmark ApS, European Sperm Bank ApS, Fairfax Cryobank Inc., Indian Spermtech, New England Cryogenic Center Inc., ReproTech Ltd., Seattle Sperm Bank, The London Sperm Bank, and Xytex Corp.
Market Overview
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Market Competitive Analysis
The sperm bank market is fragmented. Regional vendors are finding it increasingly difficult to compete with large players, especially on features such as quality, pricing, market reach, and financial resources. The competitive environment in this market will intensify further with an increase in service extensions. Access to capital and advances in technology are major barriers to the entry of new players. Therefore, vendors must expand geographically and revive domestic demand to achieve sustained growth over time. Vendors can boost profitability by practicing efficient production techniques to minimize product costs and prevent cost overruns. Androcryos, Cryos International-Denmark ApS, and European Sperm Bank ApS are some of the major market participants. Although the rising number of sperm donors will offer immense growth opportunities, the social stigma attached to male infertility will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this sperm bank market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this sperm bank market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Androcryos
- Cryos International-Denmark ApS
- European Sperm Bank ApS
- Fairfax Cryobank Inc.
- Indian Spermtech
- New England Cryogenic Center Inc.
- ReproTech Ltd.
- Seattle Sperm Bank
- The London Sperm Bank
- Xytex Corp.
Sperm Bank Market: Segmentation by Geography
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North America was the largest sperm bank market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rise in infertility and obesity rates and changing lifestyle that involves the high consumption of liquor and excessive smoking will significantly drive sperm bank market growth in this region over the forecast period.
37% of the market’s growth will originate from North America during the forecast period. The US is a key market for sperm banks in North America. However, market growth in this region will be slower than the growth of the market in Asia.
Sperm Bank Market: Segmentation by Service
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The rising demand for insemination procedures across the world is driving the growth of the semen analysis segment. For the procedure to be successful, doctors recommend semen analysis to ascertain the viability of the specimen. The analysis allows the doctors to understand the amount of semen produced by the patient and also the number and quality of sperms present in the semen sample. The detailed analysis provided by the test generates interest among patients, leading to a rise in the number of tests conducted.
Market growth in this segment will be faster than the growth of the market in the sperm storage segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the sperm bank market size.
Sperm Bank Market: Key Drivers and Trends
The increasing number of sperm donors is one of the major factors that will drive sperm bank market growth. In countries such as the US, sperm donors are paid almost USD 50 per specimen. This is resulting in a rise in the number of sperm donors. Moreover, fertility clinics also prefer using their own banks and with the increasing awareness about the procedure, individuals prefer storing semen samples at these banks for future use. In addition to collecting and storing sperm from donors, these banks have also started developing their own policies to improve the overall efficacy of the donation system.
The rise in the number of obesity-related cases across the globe is one of the key sperm bank market trends that will gain traction in the sperm bank market during the forecast period. Obesity leads to several health issues such as diabetes, cardiovascular disease, hypertension, and infertility. Obesity is a recognized risk factor for ovulation infertility in women and low sperm count in men. With the reduction of sperm count in men due to obesity, individuals are preferring several options including IVF that involves the collection of sperm over different sessions at a clinic and is frozen at sperm banks for future use during the insemination process. With the growing rate of obesity, the preference for these procedures will increase in the coming years, which will subsequently drive the need for sperm banks. These factors are expected to fuel the growth of the sperm bank market at a CAGR of over 3% during the forecast period
Sperm Bank Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive sperm bank market growth during the next five years
- Precise estimation of the sperm bank market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the sperm bank industry across Asia, Europe, North America, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of sperm bank market vendors
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