IMARC Group, a leading market research company, has recently releases report titled “Sperm Bank Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global sperm bank market report, size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

What is Sperm Bank?

A sperm bank or cryobank represents a specialized organization that purchases, stores, and sells sperm collected from human donors. It places the samples of semen under controlled conditions to keep them feasible for extended durations. Sperm banks generally conduct numerous assessments, including medical history and age requirements, to be a donor. It also provides a private room to the person for ejaculation purposes, which is later tested for determining fertility levels. Cryobanks usually sell the stored specimen to hospitals and clinics for artificial insemination, which involves the insertion of sperm into the female uterine cavity to achieve pregnancy.

How Big Is the Sperm Bank Market?

The global sperm bank market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.0 Billion by 2028, exhibiting a growth rate (CAGR) of 3.38% during 2023-2028.

Global Sperm Bank Market Trends and Drivers:

A sperm bank or cryobank represents a specialized organization that purchases, stores, and sells sperm collected from human donors. It places the samples of semen under controlled conditions to keep them feasible for extended durations. Sperm banks generally conduct numerous assessments, including medical history and age requirements, to be a donor. It also provides a private room to the person for ejaculation purposes, which is later tested for determining fertility levels. Cryobanks usually sell the stored specimen to hospitals and clinics for artificial insemination, which involves the insertion of sperm into the female uterine cavity to achieve pregnancy.

The increasing incidences of infertility, on account of drugs, frequent alcohol consumption, and smoking, are primarily augmenting the sperm bank market. Furthermore, the growing number of chronic ailments, such as thyroid, uterine fibroids, obesity, and polycystic ovarian syndrome (PCOS), is also bolstering the market growth. Apart from this, the increasing concerns of male infertility, owing to inadequate and abnormal sperm volume, are positively influencing the global market. Moreover, several innovations, including the introduction of assisted reproductive technology (ART) procedures to achieve a successful pregnancy and a healthy baby while avoiding the passing on of specific genetic conditions, are further catalyzing the market growth. Besides this, the growing prevalence of miscarriages in women is facilitating the need for sperm banks to conceive through in vitro fertilization (IVF) and intrauterine insemination (IUI) techniques, which is acting as another significant growth-inducing factor. Additionally, the increasing acceptance of same-sex and single-parent families and the launch of various government initiatives to promote fertility treatments are expected to drive the sperm bank market in the coming years.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Donor Type:

• Known Donor
• Anonymous Donor

Breakup by Service Type:

• Sperm Storage
• Semen Analysis
• Genetic Consultation

Breakup by End Use:

• Donor Insemination
• In-vitro Fertilization

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:

Baby Quest Cryobank Pvt. Ltd., California Cryobank., CryoChoice, Cryos International, European Sperm Bank, Fairfax Cryobank Inc, Indian Spermtech, New England Cryogenic Center, The London Sperm Bank and Xytex Corporation.