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Egg Freezing And Embryo Banking Market 2024 - By Size, Share Analysis, Trends And Growth Forecast By 2033
Egg Freezing And Embryo Banking Market
As per the report, This egg freezing and embryo banking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. the egg freezing and embryo banking market size has grown rapidly in recent years. It will grow from $3.43 billion in 2023 to $3.91 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The egg freezing and embryo banking market size is expected to see rapid growth in the next few years. It will grow to $6.6 billion in 2028 at a compound annual growth rate (CAGR) of 14%.
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Impact Of Social Freezing On The Growth Of The Egg Freezing And Embryo Banking Markets
The rise of social freezing is expected to propel the growth of the egg-freezing and embryo banking markets going forward. Social freezing refers to the process in which a woman undergoes ovarian stimulation, egg retrieval, and freezing of her eggs for non-medical reasons. The rise of social freezing desire to preserve their fertility and have the option to have children later in life, often due to career, education, lack of a partner, or financial stability. Egg freezing and embryo banking play crucial roles in social freezing by offering individuals the option to preserve their fertility and reproductive options for non-medical reasons, allowing them to make informed decisions about family planning on their terms. For instance, in April 2024, according to a report published by the American Society for Reproductive Medicine, a US-based professional non-governmental organization, preliminary national data for 2021 indicates a significant increase in egg-freezing cycles reported by SART-member clinics, rising by over 31% from the previous year, from 16,786 to 24,558. This marks a substantial increase in fertility preservation treatments. Therefore, the rise of social freezing drives the growth of the egg-freezing and embryo banking market.
Innovative Fertility Preservation Driving Innovative Egg Freezing and Embryo Banking
Major companies operating in the egg-freezing and embryo banking markets are focusing on developing innovative fertility preservation banks to offer comprehensive fertility preservation solutions. Preservation Bank is a solution that provides frozen donor eggs to intended parents, offering an alternative to using fresh eggs. For instance, in March 2023, Pinnacle Fertility., a US-based fertility services provider, launched Pinnacle Egg Bank to increase nationwide access to egg donor options. This innovative solution, Pinnacle Egg Bank, offers unique features such as access to high-quality frozen donor eggs, a thorough screening process for egg donors, expertise in egg donation and cryopreservation, a streamlined and integrated journey for patients, and comparable success rates to fresh eggs.
The egg freezing and embryo banking market covered in this report is segmented -
1) By Type: Donor, Non-donor
2) By Preservation: Egg Freezing, Embryo Freezing
3) By Application: Under 30 Year Old Female, Above 30 Year Old Female
4) By End Users: Fertility Centers, Hospitals, Cryo Banks, Other End Users
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Major companies operating in the egg freezing and embryo banking market are Mayo Clinic, Cleveland Clinic Fertility Center, The Cooper Companies Inc., Reproductive Medicine Associates Network LLC, Shady Grove Fertility, Virtus Health Limited, Monash IVF Group Limited, Kindbody Inc., Carrot Fertility Inc., CREATE Fertility Limited, New England Cryogenic Center Inc., CCRM Management Company LLC, Reproductive Biology Associates LLC, Genea Limited, WINFertility Inc., California Cryobank Inc., Fairfax Cryobank Inc., Institut Marquès, Extend Fertility Medical Practice PLLC, The London Women's Clinic Limited, Kitazato Corporation, ReproTech LLC, IVF Australia, CHA Medical Group Inc., West Coast Fertility Centers Inc.
Contents of the report:
1. Executive Summary
2. Egg Freezing And Embryo Banking Market Report Structure
3. Egg Freezing And Embryo Banking Market Trends And Strategies
4. Egg Freezing And Embryo Banking Market - Macro Economic Scenario
5. Egg Freezing And Embryo Banking Market Size And Growth
…..
27. Egg Freezing And Embryo Banking Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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