Global Sperm Bank Market Size, Share, Growth Analysis, By Donor Type(Known Donor, and Anonymous donor), By Service(Sperm storage, Semen analysis), By Fertilization Techniques(Donor insemination, and In vitro fertilization) - Industry Forecast 2024-2031

Global Sperm Bank Market size was valued at USD 4.83 billion in 2022 and is poised to grow from USD 5.10 billion in 2023 to USD 7.82 billion by 2031, at a CAGR of 5.5% during the forecast period (2024-2031).

The main drivers of this market are improvements in cryopreservation methods, more awareness, the emergence of reproductive tourism, and improved access to infertility therapy. Another one of the main factors driving up demand is the likelihood of miscarriages rising. Additionally, the market is experiencing significant growth potential as single-parent or same-sex households are becoming more and more accepted in many communities. One of the causes influencing sperm donations across multiple nations is the LGBT community's (Lesbian, Gay, Bisexual, and Transgender) community's growing acceptance.

The demand for sperm bank services is anticipated to keep rising as people's concerns about male infertility due to abnormally low sperm counts and ejaculatory issues grow. The American Association of Pregnancy estimates that up to 50% of the instances of infertility are caused by male infertility alone. Other factors that contribute to male infertility include smoking, abusing illegal drugs, getting exposed to dangerous substances, drinking too much alcohol, and hereditary conditions. Globally, the incidence of both male and female infertility is increasing as a result, which is boosting demand for treatments for infertility including donor insemination as well IVF procedures and, consequently, the market's expansion.

The demand for sperm banks is anticipated to rise as more government funding and supportive policies promote the use of reproduction treatments. Only a few of the assisted reproductive technology (ART) procedures that the Singapore government provides co-funding for at roughly a 75% rate include IVF, Gamete Intrafallopian Transfer (GIFT), & Intracytoplasmic Sperm Injection (ICSI). The NHS, or National Health Service, in the UK also covers up to three IVF cycles.

The International Federation for Fertility Societies (IFFS), the American Society of Reproductive Medicine (ASRM), the European Society for Human Reproductive and Embryology (ESHRE), as well as the Canadian Fertility and Andrology Society (CFAS) have all issued recommendations for meant couples who are undergoing or will undergo treatments like IVF in response to the COVID-19 pandemic. Intrauterine insemination, ovulation, & non-urgent gamete cryopreservation were all advised for suspension in all of the aforementioned associations' guidelines.

US Sperm Bank Market is poised to grow at a sustainable CAGR for the next forecast year.