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Egg Freezing and Embryo Banking Market Opportunities and Projections 2024
Egg Freezing and Embryo Banking Market Opportunities
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According to The Business Research Company's, 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 growth in the historic period can be attributed to rising fertility issues, expanding insurance coverage, expanding insurance coverage, increasing demand for donor eggs and social egg freezing parties.
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%. The growth in the forecast period can be attributed to rise of social freezing, increasing research and development, preimplantation genetic testing, increasing educational initiatives, rising number of women are obliged to seek IVF services. Major trends in the forecast period include product innovations, partnerships, and research and developments.
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Market Drivers and Trends:
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.
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Major Key Players of the Market:
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.
Egg Freezing And Embryo Banking Market 2024 Key Insights:
• 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%.
• Impact Of Social Freezing On The Growth Of The Egg Freezing And Embryo Banking Markets
• Innovative Fertility Preservation Driving Innovative Egg Freezing and Embryo Banking
• Europe was the largest region in the egg freezing and embryo banking market in 2023
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