In Vitro Fertilization Banking Services Market Size, Share, Growth Report 2030

In Vitro Fertilization Banking Services Market

In Vitro Fertilization Banking Services Market by Services Type (Egg Banking: [Fresh Donor Egg Cycle, Frozen Donor Egg Cycle], Sperm Banking: [Sperm Storage, Andrology Services]) by End-User (Hospitals, Surgical Centers, Fertility Clinics, Clinical Research Institutes): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-5978 Published Date: Mar-2021 Status : Published

The global In Vitro Fertilization Banking Services market generated USD 6.21 Billion in 2019 and is predicted to reach USD 10.55 Billion by 2026, increasing at 7.86%.

In Vitro Fertilization Banking Services Market

The In Vitro Fertilization Banking Services market is set for a rapid growth over the forecast period. In terms of revenue, the global In Vitro Fertilization Banking Services market accounted for USD 6.21 Billion in 2019 and is expected to reach USD 10.55 Billion by 2026, growing at a CAGR of 7.86%.

Global In Vitro Fertilization Banking Services Market: Overview

In Vitro Fertilisation (IVF) is a complex set of procedures used to assist with pregnancy, avoid genetic problems, and aid in child conception. In this process, one or more mature eggs are removed from the ovaries and are fertilised with sperm in a laboratory. After that, a fertilised egg or eggs are inserted in the uterus. A complete IVF cycle lasts about three weeks. These steps are often divided into parts, which lengthens the procedure.

Global In Vitro Fertilization Banking Services Market SizeRequest Free Sample

The IVF services market is expected to develop significantly during the forecast period, owing to an increase in infertility rates, an increase in the trend of late pregnancies, a surge in IVF success rates, and rising disposable income in various regions. IVF is one of the most commonly used therapies, assisting infertile couples, single mothers, and the LGBT community to conceive.

The increasing popularity of IVF in the United States, an increase in the rate of infertility and embryo banking cycles, advancements in technology in IVF procedure, and delayed pregnancy patterns are expected to pave the way for the growth of the United States IVF services market in the future.

Global In Vitro Fertilization Banking Services Market: Growth Factors

Changing Life Choices Affect Fertility

Infertility is more common than most people realise. In today's world, one in every seven couples attempting to conceive would encounter infertility. According to a recent study, even after a year of unprotected sex, 15% of couples are unable to conceive a baby. That is a huge shift from 20 or 30 years back. Furthermore, infertility is expected to rise in the coming years. By 2026, nearly 10 million couples would face difficulties in having a baby.

Report Scope:

Report Attributes Report Details
Report Name In Vitro Fertilization Banking Services Market Report
Market Size in 2019 USD 6.21 Billion
Market Forecast in 2026 USD 10.55 Billion
Compound Annual Growth Rate CAGR of 7.86%
Number of Pages 110
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered The World Egg Bank, Fairfax Cryo Bank, MyEggBank, Cryos International, Seattle Sperm Bank, European Sperm Bank, Boston IVF´s network, and CCRM Fertility
Segments Covered By Type,By end-user, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2021
Historical Year 2016 to 2020
Forecast Year 2022 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

According to Steven Lindheim, Managing Director, of Wright State Physicians Obstetrics & Gynecology, the increase is due to a number of factors. Some are due to societal shifts. Many couples are deferring having children for longer periods of time, perhaps because they want to complete their educations or develop themselves in their professions first. Divorce and remarriage are also becoming more common.

Dr. Lindheim states that when people postpone having a family, the years that pass can have increased exposure to environmental toxins and sexually transmitted diseases. Furthermore, the older the partner, the more likely they are to have health issues and seek treatment for them. “Those therapies can cause infertility,” says Dr. Lindheim.

Cancer Treatments May Affect Fertility Rate

Infertility among men and women has increased further as a result of increasing cancer cases around the world, resulting in a rise in demand for in vitro fertilisation. According to research, cancer therapy has long-term effects on patients, and infertility is one of them. Chemotherapy, for example, particularly alkylating drugs can harm sperm cells in men and sperm-forming cells in young boys. Hormone therapy or endocrine therapy may also reduce sperm production in men.

Peripheral blood stem cell transplants, bone marrow transplants, and other cancer therapies can harm sperms, embryos, sperm-forming cells, and egg-forming cells. As a result of these factors, more cancer patients who are infertile are opting for egg and sperm storage procedures, resulting in the development of the sperm storage and egg storage markets.

According to the National Cancer Institute, there are nearly 440 cancer cases per 100,000 men and women annually. With the growing cancer rate, the demand for IVF is increasing steadily, leading in steady growth of the in vitro fertilisation banking services market.

COVID-19 Impact on the Market

The COVID-19 outbreak has had a negative effect on the industry because it is an expensive and time-consuming treatment. As the focus in the healthcare sector has changed to emergency services, the demand for various other medical condition has decreased significantly, negatively impacting business growth. However, the market is expected to recover by the end of 2021, providing enough opportunities for key players.

Global In Vitro Fertilization Banking Services Market: Segmentation

The egg banking service type is in high demand and currently leads the global market. The method of freezing unfertilized eggs in order to save them for the future is known as egg banking. The eggs are thawed and fertilised in a laboratory to create embryos.

This method of fertility preservation has benefits such as a simple and secure medical procedure, the ability to select a donor, control and flexibility over the process (how many stages to attempt, whether to use a surrogate, and so on), the option to preserve extra embryos, and others. Due to these factors, this service category is strongly favoured by the infertile population. With an increase in demand for fresh and frozen donor egg cycles, the egg banking service is quickly gaining momentum.

Global In Vitro Fertilization Banking Services Market: Regional Analysis

By Geography, the In Vitro Fertilization Banking Services market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.

Europe currently dominates the global market and is projected to retain its position over the forecast period. According to the European Policy Audit on Fertility, nearly 25 million people in the country are having trouble conceiving. With the increasing rate of infertility in the European region, the demand for various in vitro fertilisation banking services such as sperm storage, egg banking, andrology services, and others is rising exponentially. Spain is predicted to emerge as the dominant country in the coming years. France, Germany, Italy, and other countries are expected to provide lucrative growth opportunities during the forecast period.

East Asia is the world's second largest market for in vitro fertilisation banking services, and it is projected to expand steadily over the forecast period. The rising infertility rate, combined with well-developed healthcare facilities, is propelling the East Asian in vitro fertilisation banking services market forward. South Korea, which has the world's lowest fertility rate, is catering to the development of the East Asian in vitro fertilisation banking services industry. With fertility rates reaching ultra-low levels in countries such as China, Japan, and others, there has been a flurry of developments supporting the growth of the East Asian in vitro fertilisation industry. China is predicted to be the market leader in East Asia in vitro fertilisation banking services during the forecast period.

South Asia is the third largest market for in vitro fertilisation banking services and is projected to remain profitable in the near future. The increasing preference for IVF procedures among the infertile population is assisting in the expansion of the South Asian in vitro fertilisation banking services industry. With advancements in many IVF services such as andrology services and frozen donor egg cycle in countries such as Indonesia, Thailand, India and others, the market for in vitro fertilisation banking services in South Asia is skyrocketing. According to the report, egg banking will continue to dominate in the near future. India will retain its lead in the forecast era, followed by Thailand, Indonesia and others.

Global In Vitro Fertilization Banking Services Market: Competitive Players

The major players in the global In Vitro Fertilization Banking Services market include The World Egg Bank, Fairfax Cryo Bank, MyEggBank, Cryos International, Seattle Sperm Bank, European Sperm Bank, Boston IVF´s network, and CCRM Fertility among others.

The report segment of global In Vitro Fertilization Banking Services market are as follows:

Global In Vitro Fertilization Banking Services Market: Services Type Segment Analysis

  • Egg Banking
    • Fresh Donor Egg Cycle
    • Frozen Donor Egg Cycle
  • Sperm Banking
    • Sperm Storage
    • Andrology Services

Global In Vitro Fertilization Banking Services Market: End-User Segment Analysis

  • Hospitals
  • Surgical Centers
  • Fertility Clinics
  • Clinical Research Institutes

Global In Vitro Fertilization Banking Services Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Infertility is more common than most people realise. In today's world, one in every seven couples attempting to conceive would encounter infertility. According to a recent study, even after a year of unprotected sex, 15% of couples are unable to conceive a baby. That is a huge shift from 20 or 30 years back. Furthermore, infertility is expected to rise in the coming years. By 2026, nearly 10 million couples would face difficulties in having a baby. Infertility among men and women has increased further as a result of increasing cancer cases around the world, resulting in a rise in demand for in vitro fertilisation. According to research, cancer therapy has long-term effects on patients, and infertility is one of them. Chemotherapy, for example, particularly alkylating drugs can harm sperm cells in men and sperm-forming cells in young boys. Hormone therapy or endocrine therapy may also reduce sperm production in men.

According to the National Cancer Institute, there are nearly 440 cancer cases per 100,000 men and women annually. With the growing cancer rate, the demand for IVF is increasing steadily, leading in steady growth of the in vitro fertilisation banking services market.

According to Zion Market Research, the In Vitro Fertilization Banking Services market is expected to generate revenue of around USD 10.55 Billion by the end of 2026, growing at a CAGR of 7.86%.

Europe currently dominates the global market and is projected to retain its position over the forecast period. According to the European Policy Audit on Fertility, nearly 25 million people in the country are having trouble conceiving. With the increasing rate of infertility in the European region, the demand for various in vitro fertilisation banking services such as sperm storage, egg banking, andrology services, and others is rising exponentially. Spain is predicted to emerge as the dominant country in the coming years. France, Germany, Italy, and other countries are expected to provide lucrative growth opportunities during the forecast period. East Asia is the world's second largest market for in vitro fertilisation banking services, and it is projected to expand steadily over the forecast period. The rising infertility rate, combined with well-developed healthcare facilities, is propelling the East Asian in vitro fertilisation banking services market forward. South Korea, which has the world's lowest fertility rate, is catering to the development of the East Asian in vitro fertilisation banking services industry.

The major players in the global In Vitro Fertilization Banking Services market include The World Egg Bank, Fairfax Cryo Bank, MyEggBank, Cryos International, Seattle Sperm Bank, European Sperm Bank, Boston IVF´s network, and CCRM Fertility among others.
 

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