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.

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.