Sperm Bank Market to reach at USD 22 Billion by 2021

At present, the global sperm donation market is led by North America. The market in the region is driven by presence of large number of sperm donation banks and large number of licensed medical labs.
With approximately 71% of total sperm donors, the U.S. is the largest sperm bank market in North America followed by Canada.
Sperm donation market in Europe is nurtured by initiatives taken by government organizations such as Human Fertilization and Embryology Authority (HFEA), located in the U.K.
Asia-Pacific sperm bank market is likely to behold the fastest growth rate over the forecast period of 2015-2021. Sperm bank market in the region is expected to get fostered from increasing cases of infertility and delayed pregnancy caused by higher stress levels.

Market Segmentation

By Donors

Based on donors, global sperm bank market can be segmented into directed donors, client donors, anonymous donors and known donors.

By Services Offered

On the basis of services offered global sperm bank market is segmented as semen analysis, sperm storage and genetic consultation.

By Fertilization Techniques

Global sperm bank market is divided on the basis of fertilization techniques into donor insemination and in-vitro fertilization. Global in-vitro fertilization market is anticipated to escalate at a CAGR of 12.0% and reach at USD 22 Billion by 2021.

Growth Drivers and challenges

Increasing social acceptance of sperm donors and growing awareness about sperm donation are some of the major driving factors which are likely to escalate the growth of global sperm bank market in coming future.
In addition to that rising government initiatives to support and promote the idea of sperm donation in society is further believed to garner the global sperm bank market.
However, lack of effective regulations in sperm donation is expected to hamper the growth of global sperm bank market over the forecast period i.e. 2015-2021.

Key Players

Global sperm bank includes some of the major organizations such as FairFax Cryobank, New England Cryogenic Center, Androcryos, Cryos International Sperm Bank, European Sperm Bank, Phoenix Sperm Bank, Xytex Sperm Bank, London Sperm Bank, etc.
Scope and Context

Overview of the Parent Market

Analyst View
Market Size and Growth
North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of Latin America)
Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)
Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
Rest of World

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This release was published on openPR.