Global Semen Bank Market Size, Trends & Growth Opportunity, By Donor Type (Known Donor, and Anonymous Donor), By Service Type (Sperm Storage, Semen Analysis, and Genetic Consultation), By End Use (Donor Insemination, and In vitro Fertilization), By Region

Global Semen Bank Market Size, Trends & Growth Opportunity, By Donor Type (Known Donor, and Anonymous Donor), By Service Type (Sperm Storage, Semen Analysis, and Genetic Consultation), By End Use (Donor Insemination, and In vitro Fertilization), By Region and Forecast till 2027.

Global Sperm Bank Market

The global sperm bank market size was valued at $ 3780.21 million in 2021, and is projected to reach $ 4987.47million by 2027, registering a CAGR of 2.42% from 2022-2027.

A sperm bank is a specialist company that purchases and preserves sperm that is obtained from human sperm donors and sent to women who need to become pregnant. Men only donate sperms when they have an agreement with a sperm bank, which is typically for a period of 6 to 24 months. Donors of sperm may continue to do so for longer than two years. The Human Cell and Tissue Bank Product, established by the (USFDA) Food and Drug Administration, is in charge of overseeing these banks in the US.

Market Drivers

Over the course of the forecast period, the global sperm bank market is anticipated to grow at a faster rate due to the rise in obesity incidence. The main risk factor for low sperm count in males and low fertility in women is obesity. Both men and women who are having fertility problems use artificial insemination methods. Therefore, it is anticipated that the rise in the risk of infertility caused by obesity will propel the expansion of the global sperm bank market. Additionally, the rising demand for fertility treatments like in vitro fertilization (IVF) would favorably impact the expansion of the global sperm bank market.

Additionally, the rise in worries about male infertility brought on by abnormally low sperm counts and ejaculatory problems is anticipated to further propel the expansion of the global sperm bank market during this projection period. For instance, according to the American Association of Pregnancy, male infertility accounts for roughly one-fifth of all occurrences of infertility, or 30% of cases. Male infertility can also be brought on by using illegal drugs, being exposed to harmful substances, drinking a lot of alcohol, and smoking. Infertility services including donor insemination and IVF procedures are becoming increasingly popular due to the rising frequency of male and female infertility around the world, which is fueling the market's growth.

Market Restraints

There are a number of obstacles that could prevent the global sperm bank market from expanding, including strict government rules and regulations in various nations and a hostile attitude toward sperm banks and donors. The worldwide sperm bank industry is also anticipated to be hampered by the high running costs of sperm banks.

Market Segmentation

The market for sperm banks worldwide is divided into donor types including known donors and anonymous donors. In terms of revenue, the known donor segment currently commands the biggest market share, and it is projected to grow at a profitable CAGR of 4.5 percent over the forecast period. The market is further divided into service types, including sperm storage, sperm analysis, and genetic consultation. Due to the rising demand for ART operations as well as semen analysis, the semen analysis segment had the highest income during the last few years. The market is divided into Donor Insemination and In vitro Fertilization based on end use.

Regional Analysis

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

In terms of revenue share, the North American region is anticipated to lead the global market and hold that position during the forecast period. The rising prevalence of infertility among the people in the many nations in this region is blamed for this dominance. Due to the cheaper cost of treatment compared to that in the US and Canada as well as the increasing number of IVF (in-vitro Fertility) centers throughout different countries in this area, Europe is also anticipated to register the second-highest share in terms of revenue throughout the projected period.

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