Sperm Bank Market Size reach USD 7.9 Billion in 2032
The global sperm bank market size was USD 4.5 Billion in 2022 and is expected to reach USD 7.9 Billion in 2032, and register a rapid revenue CAGR of 6.5% during the forecast period.
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Rising number of male and female infertility cases, acceptance of sperm donation, and increasing awareness about reproductive health are key factors driving market revenue growth. Sperm banks are essential in helping couples and single people who are unable to conceive naturally by giving donor sperm. The use of Assisted Reproductive Technology (ARTs) such Donor Insemination (DI), Intrauterine Insemination (IUI), and In-Vitro Fertilization (IVF) is increasing.
The World Health Organization (WHO) estimates that infertility affects 10% to 15% of couples worldwide who are of reproductive age. Infertility is also influenced by other factors, such as environmental pollution, sedentary lifestyles, and rising obesity rates, which is rising demand for donor sperm from sperm banks.
People are gradually losing their prejudice towards sperm donation and more people and couples are choosing donated sperm when trying to conceive. In addition, sperm banks offer additional services including sperm storage for later usage, which is another key factor driving revenue growth of the market.
Moreover, rising consumer knowledge of reproductive health issues and donor sperm availability is also expected to drive market revenue growth during the forecast period. People are able to make right decisions regarding their reproductive health because of the information available through Internet, social media, and other sources.
Furthermore, rising usage of Assisted Reproductive Technologies (ARTs), such as In-Vitro Fertilization (IVF), Intrauterine Insemination (IUI), And Donor Insemination (DI), is another factor driving market revenue growth.
However, absence of standards and rules in the sector is a key factor, which could restrain market revenue growth. Many nations lack regulations governing sperm banks, which could result in unethical actions including the sale of sperm from unreliable donors.
In addition, high price of sperm donation and ARTs is another factor, which could restrain market revenue growth.
Key Takeaways
Products Outlook:
Based on the type of procedure, the breast reconstruction market has been divided into implant-based reconstruction, autologous reconstruction, and mixed procedures.
In terms of revenue, implant-based reconstruction dominated the global breast reconstruction market in 2022. Due to the procedure's simplicity and ease, as well as the fact that it is less invasive than autologous reconstruction, this can be explained. Breast reconstruction with silicone or saline implants is known as implant-based reconstruction. The surgery is often carried out in two stages, the first of which entails the implantation of a tissue expander and the second of which entails the implantation of the implant. Because to its shorter recovery period and lesser risk of problems, this surgery is favored by many women.
Throughout the anticipated period, autologous reconstruction is anticipated to experience the breast reconstruction market's fastest rate of revenue growth. In this operation, the patient's own tissue—typically from the back, thighs, or abdomen—is used to reconstruct the breast. When compared to implant-based reconstruction, this treatment is more invasive and difficult, but it results in a breast that feels and looks more natural. The demand for breast reconstruction treatments that seem more realistic is rising, and this need is being fueled by improvements in surgical methods and tools made possible by technology.
The breast reconstruction market in 2022 was significantly dominated by combined surgeries, which include implant-based and autologous reconstruction. When the patient does not have enough tissue for a full autologous reconstruction or when the patient wants a more natural-looking breast, this surgery is typically used. In the combined treatment, the patient's own tissue and an implant are used to reconstruct the breast.
Breast cancer, which is the most common cancer in women worldwide, is another factor driving the breast reconstruction industry. The Global Cancer Research Fund estimates that in 2020, breast cancer will account for about 11.7% of all new cancer cases. The market for breast reconstruction is expanding as a result of rising awareness of breast cancer and the value of early identification and treatment.
The market for breast reconstruction is also being driven by the rising use of cutting-edge medical procedures and technologies. For instance, the advancement of 3D printing technology has made it possible to produce implants and prosthesis that are more individually tailored, improving the results of breast reconstruction surgery. The breast reconstruction market is anticipated to experience revenue growth as a result of the expanding accessibility of such technology and techniques.
End-Use Outlook:
In 2022, the global end user market for medical devices was dominated by the hospitals sector in terms of revenue.
The market for medical devices has been divided into hospitals, clinics, and ambulatory surgical centers based on the end user. Hospitals accounted for the greatest revenue share among these in 2022. This is explained by the fact that hospitals serve as the main setting for treating patients with serious illnesses who need specialized medical supplies. Medical gadget demand is higher in hospitals because they offer a wider range of medical services and have more beds available. Hospitals also have higher funds to spend on cutting-edge medical equipment, which fuels this sector's revenue growth.
The forecast term is expected to have the fastest revenue Growth in the clinics segment. The expanding trend of outpatient treatment and increased demand for minimally invasive surgeries are predicted to be the main drivers of revenue growth. Patients can receive a variety of medical services in clinics, such as standard check-ups, minor operations, and diagnostic procedures. The demand for medical equipment in clinics is also anticipated to increase due to the rising prevalence of chronic diseases and the ageing population. In addition, patients choose clinics since they are less expensive than hospitals, which increases demand for medical equipment.
Throughout the projection period, the ambulatory surgery centers segment is anticipated to expand significantly as well. The growing popularity of same-day operations and the rising demand for outpatient surgical treatments are predicted to be the main drivers of revenue development in this market. Patients needing minor surgical treatments have an affordable alternative to hospitals in ambulatory surgical facilities. These facilities offer high-quality medical care at a reduced cost than hospitals thanks to their advanced medical equipment. Additionally, it is anticipated that the demand for medical equipment in ambulatory surgical centers will increase due to the rising prevalence of chronic diseases and the ageing population.
Regional Outlook:
The Sperm Bank market's highest revenue share belongs to North America, where demand has grown significantly in recent years. The biggest driver of the market's expansion is the United States, where more same-sex couples and single parents are choosing artificial insemination to start families. Also, the Affordable Care Act and the FDA's rules on the safety and quality of donor sperm have helped to encourage the market's expansion in the area.
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With rising demand in nations like the United Kingdom, France, and Germany, the Europe market is also expanding significantly. The rising incidence of infertility and the expanding acceptability of non-traditional families are credited with driving the market's expansion in Europe. Also, the adoption of strict restrictions on the safety and quality of donor sperm as well as the growing availability of donor sperm in the area have fueled the market's expansion.
Due to rising infertility rates and growing acceptance of non-traditional families, the Asia Pacific market is also experiencing a major growth in demand. A rising middle-class population and an increase in the use of modern reproductive technologies are likely to make countries like China and India the main drivers of the market's growth in the area.
Competitive Landscape:
The global sperm bank market is highly consolidated, with a few major players accounting for a significant share of the market revenue. Some of the major companies operating in the sperm bank market include:
Segments Covered in the Report:
This report offers historical data and forecasts revenue growth at a global, regional, and country level, and provides analysis of market trends in each of segments and sub-segments from 2019 to 2032. For the purpose of this report,the global sperm bank market based on donor type, service type, and region:
Sperm Bank Market Report Scope
By Donor Type
By Service Type
Regional scope
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