In Vitro Fertilization Banking Services Market Size

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.