Global Sperm Bank Market Report and Forecast 2024-2032

Global Sperm Bank Market Size

The global sperm bank market was valued at USD 4.94 billion in 2023 driven by the rising infertility rates across the globe. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 3.4% to reach over USD 6.68 billion by 2032.

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Global Sperm Bank Market Outlook

• The rising infertility rates due to lifestyle factors and the prevalence of reproductive health disorders directly impact the market demand.

• The market share is influenced by the rising innovations in cryopreservation techniques and the integration of artificial intelligence in sperm quality analysis and donor matching processes.

• Increased government initiatives and the growing acceptance of assisted reproductive technologies (ART) are major growth drivers of the market.

Global Sperm Bank Market Overview

A sperm bank, also known as a cryobank, is a type of fertility preservation, where an enterprise purchases, stores, and sells human semen. The sperm cells are frozen and stored. Samples of semen are collected and checked under a microscope in the laboratory to count sperm cells to find out their health. The person supplying sperm is known as a sperm donor. This process is a third-party reproduction because donated sperm can be injected into a woman's reproductive organs or used to fertilize mature eggs in a lab. A sperm donor is required to meet specific requirements such as age and medical history, among others.

Increasing infertility rates due to lifestyle factors and the rising prevalence of reproductive health disorders are a major growth driver of the global sperm bank market. The growing acceptance of assisted reproductive technologies (ART), especially among single women and LGBTQ+ couples, is anticipated to shape the market landscape. Expansion of international sperm banks and advancements in fertility treatments also boost the market share. Moreover, rising disposable incomes and improved insurance coverage for fertility treatments in several regions are contributing to the market growth.

Global Sperm Bank Market Growth Drivers

Rising Infertility Rates to Affect the Market Landscape Significantly

According to the World Health Organization (WHO), around 1 in 6 people which accounts for 17.5% of the adult population worldwide experience infertility, reflecting the need for advanced and affordable fertility care. This increasing incidence of fertility in males and females is expected to drive market growth. Apart from hereditary disorders, male infertility is also caused due to illicit drug abuse, exposure to toxic substances, frequent alcohol consumption, and smoking. Moreover, the rising prevalence of obesity worldwide is also a key driver for the market. It is one of the primary risk factors for low sperm count in men and infertility among women. Thus, the rising infertility rates are propelling the adoption of infertility services, such as donor insemination and IVF procedures, thereby propelling market growth.

Increased Government Initiatives to Meet Rising Sperm Bank Market Demand

In July 2023, the Victorian government opened a free public egg and sperm bank at the Royal Women's Hospital (Victoria), the first ever in Australia, with the aim of reducing fertility barriers to starting a family. The bank is expected to receive around 400 sperm donations and 40 egg donations annually. The program, a part of a USD 120 million initiative, also includes advancing public fertility services in the region and is poised to expedite market growth. Such government-supported fertility programs are also likely to offer services at lower costs compared to private clinics, thereby, increasing access for a larger consumer base and impacting the market dynamics.

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Global Sperm Bank Market Trends

The market is witnessing several trends and developments to improve the current global scenario. Some of the notable trends are as follows:

Global Sperm Bank Market Segmentation

Market Breakup by Donor Type

• Known Donor

• Anonymous Donor

Market Breakup by Service Type

• Sperm Storage

• Genetic Consultation

• Semen Analysis

• Specimen Storage

• Donor Screening

• Others

Market Breakup by End User

• Donor Insemination

• In-Vitro Fertilization

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Sperm Bank Market Share

Market Segmentation Based on Application Areas is Anticipated to Witness Substantial Growth

Based on the service type, the market is segmented into sperm storage, genetic consultation, semen analysis, specimen storage, and donor screening, among others. The sperm storage service type covers a significant market share of the segment, owing to increasing infertility rates and growing public awareness about fertility preservation. Advancements in cryopreservation techniques are improving the viability and longevity of stored sperm, leading to increased demand for sperm storage. Moreover, for men undergoing cancer treatments that can impact their fertility (such as chemotherapy and radiation), sperm storage is a critical service to ensure they have viable sperm whenever they are ready to conceive.

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Global Sperm Bank Market Analysis by Region

Based on the region, the market includes North America, Europe, Asia Pacific, Latin America, as well as the Middle East and Africa. North America accounts for a significant market share of the global sperm bank industry. This high market share is due to the surge in cases of sexual infertility among the citizens of the United States. Moreover, the rising disposable income allows couples with fertility issues to opt for IVF solutions. The growing establishment of infertility care centers, rapidly increasing ancillary sperm banking services such as storage, transportation, and preservation, and the rise in IVF centers are favoring the region’s growth. The prevalence of unhealthy lifestyle patterns consisting of smoking, drinking, and lack of physical exercise is also contributing to the growth of the sperm bank market.

Asia Pacific is anticipated to witness exponential market growth in the forecast period. A significant male population suffering from infertility is one of the major factors boosting the market share in this region. The increasing awareness about artificial reproductive technology (ART) procedures and low-cost treatment options, coupled with rising sperm donors is likely to bolster the demand for sperm banks in the coming years.

Leading Players in the Global Sperm Bank Market

The key features of the market report comprise strategic initiatives by the leading key players including mergers, collaborations and new product launches. The major companies in the market are as follows:

Seattle Sperm Bank

Seattle Sperm Bank, one of the largest sperm banks in the United States, offers personal storage services. This sperm bank collects sperm from both known donors and directed donors. It is known for its sperm cryopreservation services for cancer patients prior to their treatment.

Xytex Corporation

Georgia-based Xytex Corporation is a leading player in cryoservices and significantly contributes to the sperm bank market growth. This sperm bank offers donor sperm and tissue services and also maintains stringent quality control and ethical standards.

Fairfax Cryobank Inc.

This sperm bank, headquartered in Virginia, USA, provides a range of fertility preservation services. It is known for its rigorous donor screening and testing protocols and actively invests in advanced cryopreservation techniques.

Indian Spermtech

One of the fastest-growing sperm banks in India, Indian Spermtech offers sperm and oocyte cryopreservation services and maintains a storage facility. The company is known for its technologically advanced fertility care and ethical practices in donor screening and sperm storage.

Other key players in the market include European Sperm Bank, London Sperm Bank, New England Cryogenic Center, Inc., California Cryobank, LifeCell, and Cordlife Group Limited.

Key Highlights of the Report

Key Questions Answered in the Global Sperm Bank Market Report

• What was the global sperm bank market value in 2023?
• What is the global sperm bank market forecast outlook for 2024-2032?
• What are the regional markets covered in the EMR report?
• What is market segmentation based on donor type?
• What is the market breakup based on service type?
• Who are the major end users in the market?
• What are the major factors aiding the global sperm bank market demand? 
• How has the market performed so far and how is it anticipated to perform in the coming years?
• What are the market's major drivers, opportunities, and restraints? 
• Which regional market is expected to lead the market share in the forecast period? 
• Which country is expected to experience expedited growth during the forecast period? 
• How do the rising infertility rates affect the market landscape?
• What are the major global sperm bank market trends?
• Which donor type will dominate the market share? 
• Which service type is expected to have a high market value in the coming years?
• Which end user is projected to contribute to the highest market growth?
• Who are the key players involved in the sperm bank market?
• What are the current unmet needs and challenges in the market?
• How are partnerships, collaborations, and mergers & acquisitions among the key market players shaping the market dynamics?