In-Vitro Fertilization Banking Services Market size was valued at USD 3.94 Billion in 2023 and is projected to reach USD 13.29 Billion by the end of 2036, expanding at around 9.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of in vitro fertilization banking services is assessed at USD 4.29 Billion. The growth of the market can be attributed primarily to the growing number of women who are experiencing difficulties getting pregnant naturally, owing to health issues or illnesses. According to the Centers for Disease Control and Prevention, in the United States, approximately one in five (15%) women aged 15 to 49 without prior children are unable to conceive after one year of trying. In addition, 26% of these women experience difficulty conceiving a pregnancy.
The process of in vitro fertilization banking involves preserving embryos that can later be frozen and placed in a woman's uterus. Having a child after undergoing radiation treatment, chemotherapy, or any kind of surgery that may result in infertility may be useful for cancer patients, Furthermore, the increasing rate of male infertility, developments in alternatives to IVF, medical tourism for fertility, lifestyle changes, and food habits are factors anticipated to drive global in vitro fertilization banking services market growth during the forecast period.
Growth Drivers
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
9.8% |
|
Base Year Market Size (2023) |
USD 3.94 Billion |
|
Forecast Year Market Size (2036) |
USD 13.29 Billion |
|
Regional Scope |
|
Service Type (Egg Banking, Sperm Banking)
The global in vitro fertilization banking services market is segmented and analyzed for demand and supply by service type into egg banking, and sperm banking. Among these segments, the egg banking segment held the largest market share of 75% in the year 2022. When a woman opts for egg banking, her eggs are extracted from her ovaries, frozen, and stored until they can be used in in vitro fertilization (IVF) treatments in the future. The infertile population is highly reliant on this type of service as it allows them to choose the donor and control the process, making it a highly preferred option. According to the guidelines by the American Society for Reproductive Medicine, it was estimated that the survival rate of frozen oocytes after vitrification is 90%–97%, and the fertilization rate is 71%–79% for frozen eggs.
Our in-depth analysis of the global market includes the following segments:
|
By Service Type |
|
|
By Donor Egg Cycle |
|
The Europe in vitro fertilization banking services market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2036, with a 50% market share. The increasing awareness increasing awareness about IVF and fertility rate in the region. For instance, German fertility rates in 2022 are 1.6 births per woman, an increase of 0.30 percent over 2021. Moreover, the adoption of innovative technologies and services for treatment, a government initiative to raise awareness about IVF banking, increasing R&D investments, and the development of innovative IVF banking services in the region is expected to augment market growth in Europe over the forecast period.
The Delaware Institute for Reproductive Medicine partnered with Boston IVF to provide fertility treatments of the highest quality through innovative treatments including in vitro fertilization (IVF).
GI Partners, a private equity investment firm, has acquired California Cryobank from Longitude Capital and NovaQuest Capital, the world's leading donor sperm and donor egg banks.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?