Global Sperm Bank Market demand size growth and opportunity outlook 2021
Sperm banks are the facilities which are used to gather and store sperms donated by human donors. Sperm banks have proved to be a boon for all those couples who are not able to have their own child owing to infertility or any other issues. Global sperm bank market is sparked by increasing number of sperm donors across the globe.
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Market Size and Forecast
At present, the global sperm donation market is led by North America. The market in the region is driven by presence of large number of sperm donation banks and large number of licensed medical labs.
With approximately 71% of total sperm donors, the U.S. is the largest sperm bank market in North America followed by Canada.
Sperm donation market in Europe is nurtured by initiatives taken by government organizations such as Human Fertilization and Embryology Authority (HFEA), located in the U.K.
Asia-Pacific sperm bank market is likely to behold the fastest growth rate over the forecast period of 2015-2021. Sperm bank market in the region is expected to get fostered from increasing cases of infertility and delayed pregnancy caused by higher stress levels.
Based on donors, global sperm bank market can be segmented into directed donors, client donors, anonymous donors and known donors.
By Services Offered
On the basis of services offered global sperm bank market is segmented as semen analysis, sperm storage and genetic consultation.
By Fertilization Techniques
Global sperm bank market is divided on the basis of fertilization techniques into donor insemination and in-vitro fertilization. Global in-vitro fertilization market is anticipated to escalate at a CAGR of 12.0% and reach at USD 22 Billion by 2021.
Growth Drivers and challenges
Increasing social acceptance of sperm donors and growing awareness about sperm donation are some of the major driving factors which are likely to escalate the growth of global sperm bank market in coming future.
In addition to that rising government initiatives to support and promote the idea of sperm donation in society is further believed to garner the global sperm bank market.
Global sperm bank includes some of the major organizations such as FairFax Cryobank, New England Cryogenic Center, Androcryos, Cryos International Sperm Bank, European Sperm Bank, Phoenix Sperm Bank, Xytex Sperm Bank, London Sperm Bank, etc.
Contact Key extracts from the Table of Content of Sperm bank Market 2015-2021 report:
Sperm bank Market Size and Forecast, 2015-2021
Sperm bank Market CAGR for the Period 2015-2021
Sperm bank Market Y-O-Y for the Period 2015-2021
Sperm bank Market Demand & Supply Analysis
Sperm bank Market Investment Attractiveness
Sperm bank Market BPS Analysis
Sperm bank Market Dynamics – Trends, Drivers, Challenges, and Opportunities
Sperm bank Market Competitive Landscape Analysis
Sperm bank Market Investment Proposition, by Geography
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by: Ajay Daniel