Sperm Bank Market Size

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.