The
global Sperm
Bank Market size is expected to reach USD 5.45 billion by 2025,
at a CAGR of 3.3% over the forecast period, according to a new report by Grand
View Research, Inc. The market is majorly driven by increasing incidence of
male andfemale 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
nonsmokers and are also at higher risk of miscarriage. This also represents
lucrative opportunities for the 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.
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 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.
Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/sperm-bank-market
Further key findings from the report suggest:
- In 2018,
known donor segment held the largest market share in terms of revenue
owing 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
the growing fertility tourism and low cost of the procedure
- Key players
operating in the sperm bank market include Fairfax Cryobank, Inc.;
Cryo-Save AG; Andocryos; New England Cryogenic Center; Indian Spermtech;
Seattle Sperm Bank; Xytex Corporation; and London Sperm Bank.
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment