global sperm bank market size
Sperm bank market size was valued at $4,741.51 million in 2019, and is projected to reach $4,860.39 Mn by 2027, registering a CAGR of 5.2% from 2020 to 2027
PORTLAND, OREGON, UNITED STATES, July 18, 2022 /EINPresswire.com/ -- According to the report published by Allied Market Research, the global sperm bank market size was valued at $4,741.51 million in 2019, and is projected to reach $4,860.39 million by 2027, registering a CAGR of 5.2% from 2020 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Rise in incidences of male and female infertility, supportive government initiatives, and increase in acceptance among people drive the growth of the global sperm bank market. However, high cost and low success rate of treatment hinder the market growth. On the other hand, technological advancements are expected to present new opportunities in the coming years.
For Right Perspective and Competitive Insights, Get Sample Report at: https://www.alliedmarketresearch.com/request-sample/10737
The global sperm bank market is driven by increase in incidence of male and female infertility and rise in demand for various infertility and artificial insemination techniques such as in vitro Fertilization (IVF) and donor insemination. Moreover, government initiative to support sperm bank, surge in acceptance of sperm bank across the globe, and technological advancement and development in the sperm bank industry are some factors that fuel the growth of the sperm bank market.
Increase in incidences of male and female infertility, supportive government initiatives, and rise in acceptance among people fuel the growth of the global sperm bank market. On the other hand, high cost and low success rate of treatment impede the growth to some extent. However, technological advancements are anticipated to create lucrative opportunities in the industry.
Covid-19 Scenario:
The outbreak of the pandemic gave way to a sharp decline in the number of sperm donations, due to extended lockdowns across the world.
Most reproductive centers happened to restrict their daily activities. Also, several threats and concerns about insemination treatment, sperm donation, and cryopreservation such as adulteration of semen samples and transmission of infectious diseases in due course of the treatment impacted the market negatively.
The report offers detailed segmentation of the global sperm bank market based on donor type, service type, and region.
Based on donor type, the known donor segment held the largest market share in 2019, contributing to nearly three-fifths of the total share in 2019, and is estimated to maintain its lead position by 2027. Moreover, this segment is projected to manifest the highest CAGR of 5.3% from 2020 to 2027.
Based on service type, the sperm storage segment accounted for the largest market share, holding more than half of the global sperm bank market in 2019, and is projected to continue its leadership status during the forecast period. Moreover, this segment is estimated to portray the largest CAGR of 5.6% from 2020 to 2027.
Based on region, Asia-Pacific contributed to the largest market share in 2019, accounting for nearly half of the total market, and is projected to maintain its dominance in terms of revenue throughout the forecast period. Moreover, this region is expected to witness the fastest CAGR of 5.6% during the forecast period. The report also discusses regions including North America, Europe, and LAMEA.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/10737
Leading players of the global sperm bank market analyzed in the research include Androcryos, California Cryobank, Babyquest Cryobank, European Sperm Bank, Cryos International, New England Cryogenic Center, Fairfax Cryobank, Xytex Sperm Bank, Nordic Cryobank Group, and Indian Spermtech.
We also Offers Regional and Country Reports-
Japan Sperm Bank Market
South Korea Sperm Bank Market
Singapore Sperm Bank Market
China Sperm Bank Market
Indonesia Sperm Bank Market
Australia Sperm Bank Market
Taiwan Sperm Bank Market
Trending Reports in Healthcare Industry-
Bone Grafts and Substitutes Market - Global Opportunity Analysis and Industry Forecast, 2020-2030
Ablation Devices Market - Global Opportunity Analysis and Industry Forecast, 2020–2030
“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
David Correa
Allied Analytics LLP
800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
