Sperm Bank Market Expected to Reach $4.86 Billion by 2027-Allied Market Research

According to a new report published by Allied Market Research, titled, “Sperm Bank Market by Donor Type and Service Type: Global Opportunity Analysis and Industry Forecast, 2020–2027," the global sperm bank market was valued at $4.74 billion in 2019, and is projected to reach $4.86 billion by 2027, registering a CAGR of 5.2% from 2020 to 2027. 

Sperm banks are specialized establishments that are responsible for collecting and storing the sperms donated by the known or anonymous donors for utilizing them in fertility treatments to achieve pregnancy. These banks play a significant role in providing several treatment options for infertile couples. Some of the services offered by sperm banks include storage of sperms, sex selection of the baby, donor selection, and guidance throughout the procedure of selecting the donor. Thus, these advantages of sperm banks greatly expedite the use of their services in near future. On the other hand, controversial issues related to different laws for gamete donations, LGBTQ community, and socio-cultural aspects of various countries have imposed stricter regulations in accessing sperm banks. For instance, in the U.S., sperm banks are entirely regulated by U.S. FDA, and treated as Human Cell or Human Tissue or Human Cell and Tissue (HCT/Ps). Likewise, in European Union, sperm banks are being regulated by EU Tissue Directive, whereas, in the UK, it is regulated by Human Fertilization and Embryology Authority. These regulatory authorities have laid down rules for practicing sperm donations to avoid illegal practices and restricting further involvement of the sperm donor into the patient’s personal life. As a result, this has greatly facilitated the acceptance of sperm donation at the sperm banks, ultimately driving the market growth. Moreover, rise in incidences of infertility among couples, due to numerous reasons, such as, age, obesity, same sex marriages, and early widowhood are some of the factors expected to supplement the growth of the market. Conversely, higher costs related to the treatment with no guaranteed results for achieving pregnancy is one of the major hindrances for market growth. However, presence of different laws for sperm donations across countries globally offers considerable growth opportunities for domestic players in the industry to capture major share in the global sperm bank market. 

On the other hand, the overall impact of COVID-19 pandemic remained negative for key players in the sperm bank industry. According to The Fertility Partnership, one of the UK’s largest fertility specialist, the number of available UK sperm donors has decreased by 66% in the UK since the pandemic. In addition, Cryos international in Denmark, the biggest sperm bank in the world, said the number of donors available to UK patients had dropped from 225 to 162, a fall of 28%. Moreover, decrease in number of sperm donation led to surge in shortage of sperm in various regions and delays in accessing insemination and IVF treatment restrain the growth of the sperm bank industry. 

The sperm bank market is segmented on the basis of donor type, services type, and region. By donor type, the market is bifurcated into known donor and anonymous donor. The known donor segment is anticipated to dominate the market by donor type owing to supportive laws for eliminating anonymity of the sperm donors in the countries. 

By services type, the sperm bank market is categorized into sperm storage, semen analysis, and genetic consultation. The sperm storage segment is anticipated to garner the largest share in the market due to advancements in cryopreservation techniques used in storage of donor sperms. In addition, surge in use of donor sperm in artificial insemination methods is also expected to impel the segment growth.  

Key Findings Of The Study 

• By donor type, known donor segment is projected to grow at the highest rate during the analysis period.
• By service type, the sperm storage segment is expected to dominate the global sperm bank market throughout the forecast period.
• By region, Asia-Pacific was the largest market in 2019, and is projected to maintain its lead until 2027.

The key market players profiled in the report include Androcryos, Babyquest Cryobank, California Cryobank, Cryos International, European Sperm Bank, Fairfax Cryobank, New England Cryogenic Center, Nordic Cryobank Group, Xytex Sperm Bank and Indian Spermtech. 

Asia-Pacific is predicted to dominate the growth of the sperm bank market due to surge in infertility cases and rise in awareness regarding sperm banking services among the population. For instance, according to article published in Indian Journal of Community Medicine, in 2019, infertility is a significant health condition that affects approximately 8%–10% of couples around the world. Infertility affects 60–80 million couples worldwide each year, with India accounting for approximately a quarter of them. On the other hand, Europe is anticipated to be the second largest market during the analysis period owing to presence of higher number of sperm banks, existence of advanced reproductive technology, augmentation of rate of miscarriages, rise in investment in healthcare, and increase in awareness about the healthcare technologies among Europeans.