Sperm Bank Market size was valued at USD 5.08 billion in 2023 and is set to cross USD 8.05 billion by the end of 2036, registering more than 3.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of sperm bank is estimated at USD 5.23 billion.
The growth of the market can be attributed to the increasing infertility among both men and women due to unhealthy lifestyle. According to the data by the World Health Organization, more than 186 million individuals suffer from infertility globally. Lack of physical activities, obesity, smoking and drinking, and drug abuse are some of the lifestyle habits that cause infertility. Moreover, increasing awareness regarding assisted reproductive technology (ART) is expected to boost the market growth. Additionally, growing acceptance of the LGBTQ community has paved way for same sex couples to opt for IVF, which is estimated to promote the growth of the market.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
3.6% |
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Base Year Market Size (2023) |
USD 5.08 billion |
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Forecast Year Market Size (2036) |
USD 8.05 billion |
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Regional Scope |
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The market is segmented by services into sperm donation, semen analysis, genetic consultation, and others, out of which, the semen analysis segment is anticipated to hold the largest share in the forecast period on account of rising reproductive health awareness. Couples, who face issues in conceiving, often opt for semen analysis to get to the root cause of the issues. Various couples get semen analysis before trying to get pregnant to know the quality of the sperm and diagnose any hidden problem.
Our in-depth analysis of the global market includes the following segments
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By Donor Type |
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By Services |
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By Application
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North America Market Statistics
Regionally, the global sperm bank market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America industry is likely to hold largest revenue share by 2036, owing to growing acceptance of single parenthood, and same sex couples. Moreover, increasing disposable income encourages couples with fertility issues, to opt for IVF solutions, which is estimated to boost the market growth.
Europe Market Analysis
The market in the Europe region is estimated to garner significant share in the market by the end of 2029, owing to the rising cases on infertility due to the high share of obese population. More than 25% of the population of the United Kingdom is obese. Moreover, efficient medical facilities in the region along with the acceptance of ART for child birth, are some of the factors estimated to boost the market growth.
Author Credits: Radhika Pawar
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