Global In Vitro Fertilization Banking Services Market Report and Forecast 2024-2032

Global In Vitro Fertilization Banking Services Market Report and Forecast 2024-2032

Global In Vitro Fertilization Banking Services Market Outlook

The global in vitro fertilization banking services market size was valued at USD 4.3 billion in 2023, driven by prevalence of infertility across the globe. The market size is anticipated to grow at a CAGR of 10.5% during the forecast period of 2024-2032 to achieve a value of about USD 10.6 billion by 2032.

In Vitro Fertilization Banking Services: Introduction

In-vitro fertilization (IVF) banking services refer to a specialized approach in assisted reproductive technology (ART) that involves the storage and management of frozen embryos, oocytes (eggs), and sperm for future use in fertility treatments. IVF banking services provide individuals and couples with the option to preserve their reproductive cells and embryos for later use, allowing them to extend their fertility window or overcome fertility challenges.

IVF banking services have revolutionized the field of reproductive medicine by offering a comprehensive and efficient approach to fertility preservation and treatment. These services provide individuals with the opportunity to store their reproductive cells and embryos when they are at their peak fertility or before undergoing certain medical treatments that may affect their fertility. The stored specimens can be used in the future for fertility treatment, such as IVF or intrauterine insemination (IUI), increasing the chances of achieving a successful pregnancy.

Key Trends in the Global In Vitro Fertilization Banking Services Market

The in vitro fertilization (IVF) banking services market is influenced by several key trends that are shaping the industry. These trends include:

• Increasing Demand for Fertility Preservation: There is a growing awareness and demand for fertility preservation options, including IVF banking services. This trend is driven by factors such as delayed childbearing due to career or personal reasons, advancements in reproductive technologies, and the desire to preserve fertility before undergoing medical treatments that may affect fertility.
• Technological Advancements in Cryopreservation Techniques: Cryopreservation techniques, such as vitrification, have significantly improved the success rates of preserving embryos, eggs, and sperm. These advancements have led to higher survival rates and better post-thaw outcomes, increasing the confidence in IVF banking services.
• Growing Popularity of Elective Single Embryo Transfer (eSET): The practice of eSET, where a single high-quality embryo is transferred during IVF treatment, is gaining popularity. This trend is driven by efforts to reduce the incidence of multiple pregnancies and associated risks.
• Expansion of Third-Party Reproduction Services: IVF banking services are often utilized in conjunction with third-party reproduction methods, such as egg or sperm donation and gestational surrogacy. IVF banking services play a crucial role in coordinating and managing the storage of reproductive cells in these complex reproductive arrangements.
• Rising Popularity of Genetic Testing: The integration of genetic testing techniques, such as preimplantation genetic testing (PGT), with IVF treatments is becoming more common. PGT allows for the screening of embryos for genetic disorders before transfer, improving the chances of a successful pregnancy and reducing the risk of certain genetic conditions.

Global In Vitro Fertilization Banking Services Market Segmentations

The market can be categorised into service type, egg cycle, and region.

Market Breakup by Service Type

• Egg Banking
• Sperm Banking
• Others

Market Breakup by Donor Egg Cycle

• Fresh Donor Egg Cycle
• Frozen Donor Egg Cycle

Market Breakup by Region

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

Global In Vitro Fertilization Banking Services Market Overview

The IVF banking services market has been experiencing significant growth in recent years. The increasing prevalence of infertility, advancements in ART techniques, and growing awareness about fertility preservation options are driving the expansion of the market. Additionally, societal factors such as delayed childbearing and the rising acceptance of ART technologies are contributing to the market's growth.

The market for IVF banking services is global in nature, with a presence in major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Developed regions, such as North America and Europe, have well-established markets due to advanced healthcare infrastructure, higher awareness, and greater affordability. The Asia Pacific region is witnessing significant growth due to improving healthcare facilities, increasing disposable incomes, and rising awareness about fertility preservation.

Key Players in the In Vitro Fertilization Banking Services Market

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in in vitro fertilization banking services market are as follows:

• Seattle Sperm Bank
• European Sperm Bank
• My Eggbank
• Dunya IVF: Cyprus Fertility Clinic
• CCRM Fertility
• California Cryobank
• The World Egg Bank
• Cryos International
• Genetics and IVF Institutes
• Boston IVF, Inc.

We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.