Rise in incidences of male and female infertility, supportive government initiatives, and increase in acceptance across the globe drive the growth of the global sperm bank market. Asia-Pacific contributed to the largest market share in 2019, and is projected to maintain its dominance in terms of revenue throughout the forecast period. The number of sperm donations decreased due to lockdown imposed in many countries and surge in illnesses among people.
The global sperm bank market size was valued at $4,741.51 million in 2019, and is projected to reach $4,860.39 million by 2027, registering a CAGR of 5.2% from 2020 to 2027.
The report offers detailed segmentation of the global sperm bank market based on donor type, service type, and region.
Based on donor type, the known donor segment held the largest market share in 2019, contributing to nearly three-fifths of the total share in 2019, and is estimated to maintain its lead position by 2027. Moreover, this segment is projected to manifest the highest CAGR of 5.3% from 2020 to 2027.
Based on service type, the sperm storage segment accounted for the largest market share, holding more than half of the global sperm bank market in 2019, and is projected to continue its leadership status during the forecast period. Moreover, this segment is estimated to portray the largest CAGR of 5.6% from 2020 to 2027.
Based on region, Asia-Pacific contributed to the largest market share in 2019, accounting for nearly half of the total market, and is projected to maintain its dominance in terms of revenue throughout the forecast period. Moreover, this region is expected to witness the fastest CAGR of 5.6% during the forecast period. The report also discusses regions including North America, Europe, and LAMEA.
Leading players of the global sperm bank market analyzed in the research include Androcryos, California Cryobank, Babyquest Cryobank, European Sperm Bank, Cryos International, New England Cryogenic Center, Fairfax Cryobank, Xytex Sperm Bank, Nordic Cryobank Group, and Indian Spermtech.
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