The Global Egg Freezing And Embryo Banking Market was valued at USD 4.3 billion in 2023 and is projected to indicate a robust CAGR of 9.8% from 2024 to 2032. oocyte cryopreservation, also known as Egg freezing, involves freezing, extracting, and storing a woman's eggs (oocytes) for potential future use. This method empowers women to safeguard their fertility, granting them the flexibility to conceive at a later date. On the other hand, embryo banking entails creating and preserving embryos for future applications. This process usually entails fertilizing a woman's eggs with sperm in a lab, subsequently freezing the resulting embryos for later implantation. The overall egg freezing and embryo banking industry is classified based on service type, technology, application, storage duration, age group, and region. The egg freezing and embryo banking market is segmented by service type into egg freezing and embryo banking. In 2023, the embryo banking segment led the market, generating a substantial revenue of USD 2.7 billion. This modern approach resonates with changing lifestyles and the trend of delayed parenthood, allowing individuals to safeguard their fertility potential. As societal acceptance and awareness grow, so does the demand for these services. The Human Fertilization & Embryology Authority's 2023 report highlights a 6.87% rise in embryo storage cycles in the UK for 2020 and a notable 17.18% surge in 2021, both compared to 2019 figures. The long-term storage segment, valued at USD 2.5 billion in 2023, emerged as the dominant player in the market. Shifts in societal and cultural perspectives, recognizing diverse family planning avenues, coupled with increasing backing from insurance firms and employers for fertility preservation benefits, are bolstering the long-term storage segment of the egg freezing and embryo banking market. Moreover, there's a notable uptick in demand for these services, especially among cancer patients advised to consider egg freezing or embryo banking as a protective measure against potential fertility impairment from treatments. In 2023, the U.S. led the North American market, raking in a revenue of USD 1.7 billion. In the U.S. and Canada, a pronounced trend sees women postponing childbirth for reasons like career progression, advanced education, and personal choices. This has significantly fueled the region's market growth, as many women now view fertility preservation as a strategic move to harmonize their professional and personal aspirations. Furthermore, the financial backing from insurance entities and employers, who are progressively incorporating fertility preservation coverage in health plans, has alleviated the financial burden on individuals, enhancing accessibility to these procedures in the region.Europe District Cooling Market is expected to exhibit a substantial expansion from 2024 to 2032. A strong commitment to reducing carbon emissions and enhancing energy efficiency drives the adoption of these cooling systems. Investments in renewable energy sources and stringent environmental regulations will further boost market outlook. The increasing demand for sustainable and cost-effective cooling solutions in urban areas supports the growth of district cooling infrastructure. The presence of advanced economies and supportive government policies in Europe contribute to the region’s strong market performance.
Chapter 1 Methodology
1.1 Market segmentation
1.2 Market definitions
1.3 Research design
1.4 Market size estimates and calculations
1.4.1 Approach 1: Procedure data analysis
1.4.2 Approach 2: Prevalence based approach
1.4.3 Approach 3: Secondary-based approach
1.5 Forecast model
1.6 Key trends for market estimates
1.7 Primary research & validation
1.7.1 Primary sources
1.7.2 Data mining sources
1.7.2.1 Paid sources
1.7.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360° synopsis, 2021 - 2032
2.2 Service type trends
2.3 Storage duration trends
2.4 Technology trends
2.5 Application trends
2.6 Age group trends
2.7 Regional trends
Chapter 3 Egg Freezing and Embryo Banking Market Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Growing awareness and acceptance of fertility preservation options among women and couples
3.2.1.2 Advancements in cryopreservation techniques
3.2.1.3 Rising global infertility rates
3.2.2 Industry pitfalls & challenges
3.2.2.2 Ethical and legal issues surrounding the use and disposition of frozen eggs and embryos
3.3 Growth potential analysis
3.3.1 By service type
3.3.2 By storage duration
3.3.3 By technology
3.3.4 By application
3.3.5 By age group
3.4 Global procedure volume of egg freezing and embryo banking cycles, 2021-2032
3.4.1 North America procedure volume of egg freezing and embryo banking cycles, 2021-2032
3.4.2 Europe procedure volume of egg freezing and embryo banking cycles, 2021- 2032
3.4.3 Asia Pacific procedure volume of egg freezing and embryo banking cycles, 2021- 2032
3.4.4 Latin America procedure volume of egg freezing and embryo banking cycles, 2021-2032
3.4.5 Middle East and Africa procedure volume of egg freezing and embryo banking cycles, 2021-2032
3.5 Global cost analysis per cycle, 2023
3.6 Future market trends
3.7 Reimbursement scenario
3.8 Regulatory landscape
3.8.1 U.S.
3.8.2 Europe
3.9 Technology landscape
3.10 Porter's analysis
3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.1.1 Boston IVF
4.1.2 Ovation Fertility
4.1.3 Monash IVF Group
Chapter 5 Egg Freezing and Embryo Banking Market, By Service Type
5.1 Egg freezing
5.2 Embryo banking
Chapter 6 Egg Freezing and Embryo Banking Market, By Storage Duration
6.1 Short-term storage
6.2 Long-term storage
Chapter 7 Egg Freezing and Embryo Banking Market, By Technology
7.1 Vitrification
7.2 Slow freezing
Chapter 8 Egg Freezing and Embryo Banking Market, By Application
8.1 Fertility preservation
8.2 Donor egg/embryo programs
8.3 Genetic screening
8.4 Oncofertility
Chapter 9 Egg Freezing and Embryo Banking Market, By Age Group
9.1 Under 30
9.2 31 to 40
9.3 Over 41
Chapter 10 Egg Freezing and Embryo Banking Market, By Region