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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 sector is particularly competitive as a result of the numerous local and market competitors. Businesses in the sector are putting in place a range of measures, such as service introductions, facility expansions, partnerships, and collaborations, to grow their market share. For instance, in June 2022, Perwyn, a private equity firm, revealed that it had acquired European Sperm Bank of Axcel. 'California Cryobank', 'Fairfax Cryobank', 'Cryos International Sperm Bank', 'European Sperm Bank', 'Xytex Corporation', 'Seattle Sperm Bank', 'London Sperm Bank', 'Manhattan Cryobank', 'New England Cryogenic Center (NECC)', 'Seattle Sperm Donor', 'Fairfax Cryobank Donor Services', 'Cryobio Systems', 'Androcryos', 'Reproductive Genetics Institute (RGI)', 'Cryobank America', 'CryoGam Colorado', 'The Sperm Bank of California', 'Fertility Center Berlin', 'Reproductive Resource Center (RRC)', 'Midwest Sperm Bank'

The growing prevalence of infertility issues and the desire for parenthood among couples and individuals who are unable to conceive naturally is driving the demand for assisted reproductive technologies. Sperm banks play a crucial role in meeting this demand by providing access to quality sperm samples.

Increasing Demand for Donor Sperm: There is a growing demand for donor sperm due to various factors such as increasing infertility rates, delayed parenthood, same-sex couples, and single individuals seeking to build families. This trend is driving the growth of the sperm bank market.

North America dominated the market in 2022 with a 36.9% market share. The increased incidence of infertility in Americans is the main cause of this. Infertility affects 1 in 5 married women in the United States in the ages of 15 and 49 who never gave birth, according to the United States Department of Health and Human Services (HHS). A fourth (26%) of the women in this category also have difficulties getting pregnant and carrying their pregnancies to term.

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Global Sperm Bank Market

Product ID: SQMIG35A2616

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