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The sperm bank industry is highly competitive, marked by several players striving for market dominance. Providers offer comprehensive storage and analysis with improved efficiency and affordability. This includes advancements in processing, precision, automation, and customization. Competition is driven by factors such as the quality, reliability, and ease of usage along with integration capabilities with existing technologies, and compliance with regulatory standards. Strategic partnerships with companies and healthcare networks play a crucial role in market positioning.
Some of the eminent market participants operating in the sperm bank industry include:
The sperm storage services segment in the sperm bank industry is projected to account for USD 3.6 billion by 2032, owing to the rising concerns of chemotherapy and radiation treatments along with the growing trend of delaying parenthood.
Industry size for sperm bank was USD 5.1 billion in 2023 and is projected to expand at 3.8% CAGR from 2024 to 2032, due to increasing infertility rate, rising acceptance of assisted reproductive technologies, and growing awareness of donor sperm.
U.S. industry size is projected to grow at 3.4% CAGR between 2024 and 2032, led by the increase in assisted reproductive technology (ART) along with the rising trend of delayed parenthood.
The known donor segment in the sperm bank industry recorded USD 2.6 billion in revenue in 2023, as recipients often feel more comfortable using sperm from someone they know personally as it provides a level of trust and familiarity.