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Egg Freezing and Embryo Banking Market Size

Report ID: GMI11172
Published Date: Oct 2024
Report Format: PDF

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Egg Freezing and Embryo Banking Market Size

The global egg freezing and embryo banking market size was valued at around USD 4.3 billion in 2023 and is estimated to grow at 9.8% CAGR from 2024 to 2032. The market refers to the global sector dedicated to services and technologies that facilitate the cryopreservation (freezing) of oocytes (egg cells) and embryos for future use.

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Driven by technological advancements in cryopreservation, automation, and artificial intelligence (AI), the egg freezing, and embryo banking market is witnessing rapid expansion. Innovations such as enhanced vitrification methods and AI-driven embryo selection are boosting the success rates of fertility preservation. Additionally, government backing for fertility preservation initiatives and reproductive technologies, coupled with research funding for issues including infertility and reproductive aging, is further accelerating the market's momentum.

Moreover, startups are leading this transformation by introducing innovative cryogenic storage solutions and improving access to fertility preservation services through digital platforms and telehealth consultations. Growing societal awareness about fertility preservation, along with more robust regulatory frameworks and advances in telemedicine, is increasing the demand for egg freezing and embryo banking services. This trend aligns with broader healthcare movements emphasizing patient-centric care and equitable access, thereby promoting industry expansion.

Further, collaborations between technology and healthcare sectors, with a focus on data security and patient privacy, are driving the future of the egg freezing and embryo banking market. The shift toward preventive healthcare is enhancing women's control over reproductive choices, offering personalized treatment plans and real-time monitoring. By addressing unmet reproductive health needs and expanding access to secure, innovative solutions, the market shows strong growth potential in the coming years.

Egg Freezing and Embryo Banking Market Report Attributes
Report Attribute	Details
Base Year:	2023
Egg Freezing and Embryo Banking Market Size in 2023:	USD 4.3 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	9.8%
2024 – 2032 Value Projection:	USD 9.9 Billion
Historical Data for:	2021 – 2023
No. of Pages:	145
Tables, Charts & Figures:	172
Segments covered:	Service Type, Storage Duration, Technology, Application, Age Group, and Region
Growth Drivers:	Growing awareness and acceptance of fertility preservation options among women and couples Advancements in cryopreservation techniques Rising global infertility rates High cost of egg freezing and embryo banking
Pitfalls & Challenges:	Ethical and legal issues surrounding the use and disposition of frozen eggs and embryos

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global egg freezing and embryo banking industry was valued at approximately USD 4.3 billion in 2023 and is estimated to grow at a 9.8% CAGR from 2024 to 2032, driven by advancements in cryopreservation technologies.

The embryo banking segment is expected to witness a CAGR of 9.7% during the forecast period, fueled by rising infertility rates and changing societal norms that prioritize delayed childbearing.

The U.S. egg freezing and embryo banking industry was valued at USD 1.7 billion in 2023 and is projected to reach USD 3.8 billion by 2032, driven by increased awareness of fertility preservation and technological advancements.

Who are some of the prominent players in the egg freezing and embryo banking industry? Key players in the industry include Boston IVF, Carrot, CCRM Fertility, Cryos International, Extend Fertility, Genea Pty, IVIRMA, Monash IVF Group, New Hope IVF & Fertility Clinic, and Ovation Fertility.