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Sperm Bank Market Size

Report ID: GMI9633
Published Date: May 2024
Report Format: PDF

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Sperm Bank Market Size

Sperm Bank Market size was valued at around USD 5.1 billion in 2023 and is estimated to grow at 3.8% CAGR from 2024 to 2032. Sperm bank, also known as a cryobank or semen bank is a facility that collects, stores, and provides sperm for use in artificial insemination, in vitro fertilization (IVF), and other assisted reproductive technologies (ART). These services are used by individuals or couples facing infertility, single women, and same-sex couples who wish to have children.

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The rising awareness and education initiatives growing advancements in genomics and proteomics research is a significant driver for the sperm bank market. For instance, according to the National Institutes of Health, in 2023, awareness campaigns help individuals understand infertility and the factors contributing to it, such as age, lifestyle, and medical conditions. Education helps to destigmatize infertility, encouraging more people to seek help. Further, in 2023, Indira IVF offers various sperm donation programs for those unable to conceive the chance to have a family. Awareness encourages individuals to undergo fertility testing earlier, identifying potential issues sooner.

Furthermore, increasing sperm count test (market size is estimated to account for USD 3 billion by the end of year 2032), advancement in infertility treatment devices, increasing demand for assisted reproductive technologies (ART), government initiatives and funding, and increasing education & awareness, are the promoting factors advancing the growth of the market.

Sperm Bank Market Report Attributes
Report Attribute	Details
Base Year:	2023
Sperm Bank Market Size in 2023:	USD 5.1 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	3.8%
2024 – 2032 Value Projection:	USD 7.1 Billion
Historical Data for:	2021 – 2023
No. of Pages:	180
Tables, Charts & Figures:	270
Segments covered:	Service Type, Donor, Technique, End-use, and Region
Growth Drivers:	Increasing demand for assisted reproductive technologies (ART) Rising awareness and education initiatives Growing educational and career pursuits delaying childbearing
Pitfalls & Challenges:	Stringent regulatory landscape High cost associated with these services

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.