Global Egg Freezing And Embryo Banking Market Projected to Surpass $7.51 Billion by 2029 with 13.9% Annual Growth

What Are the Market Size and Growth Forecast for the Egg Freezing And Embryo Banking Market?
The market size for egg freezing and embryo banking has experienced fast growth recently. It is set to expand from a value of $3.91 billion in 2024 to $4.46 billion in the following year, with a compound annual growth rate (CAGR) of 14.2%. Factors contributing to the growth in the past include growing fertility problems, wider insurance coverage, increased demand for donor eggs and the trend of social egg freezing events.

The market for egg freezing and embryo banking is projected to witness a substantial increase in the upcoming years. It's predicted to expand to a value of $7.51 billion in 2029, with a compound annual growth rate (CAGR) of 13.9%. Factors contributing to the expected growth during this period include the proliferation of social freezing, heightened research and development activities, an increase in preimplantation genetic testing, higher educational initiatives, and growing necessity for women to access IVF services. The forecast period will also see major trends including product innovation, collaboration efforts, and continuous research and development.

What Factors Are Propelling the Expansion of the Egg Freezing And Embryo Banking Market?
Social freezing's increasing popularity is anticipated to boost the egg-freezing and embryo banking markets' expansion. This term refers to a woman's elective decision to stimulate her ovaries, extract her eggs, and freeze them for reasons other than medical necessity. Social freezing is often driven by women's desire to safeguard their fertility for potential future childbearing, often influenced by factors such as career choices, education, absence of a partner, or financial stability. Egg freezing and embryo banking offer vital services in this regard, enabling individuals to maintain their fertility and reproductive choices for non-medical motivations, thereby affording them the freedom to make well-informed decisions about family planning on their conditions. For example, data from the National Library Of Medicine, a government establishment in the US, showed that in March 2022, 167 women underwent 184 social egg freezing cycles. The average age at the time of freezing was 37.1 years, with approximately 9.5 eggs frozen per collection. Notably, 16% of these women eventually returned to utilize their frozen eggs. As such, the growing trend of social freezing fuels the expansion of the egg-freezing and embryo banking market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15795&type=smp

Which Key Market Leaders Are Driving Egg Freezing And Embryo Banking Industry Growth?
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.

What Are the Emerging Trends in the Egg Freezing And Embryo Banking Industry?
Leading firms in the embryo banking and egg-freezing sector are shifting their attention towards the creation of innovative fertility preservation banks, which provide broad-ranging solutions in this area. Preservation Bank is a pioneering resource that delivers frozen donor eggs to prospective parents, hence presenting an alternative to fresh eggs. For example, in March 2023, U.S.-based fertility service company, Pinnacle Fertility., established the Pinnacle Egg Bank, aiming to expand the accessibility of egg donor options on a national level. The groundbreaking Pinnacle Egg Bank solution presents distinctive features including high-quality frozen donor egg access, meticulous egg donor screening processes, expert knowledge in egg donation and cryopreservation, a seamless, integrated patient journey, and success rates akin to those of fresh eggs.

What Are the Main Segments in the Egg Freezing And Embryo Banking Market?
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

Subsegments:
1) By Donor: Egg Donation, Embryo Donation
2) By Non-donor: Egg Freezing, Embryo Freezing

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/egg-freezing-and-embryo-banking-global-market-report

Which Geographic Area Leads the Egg Freezing And Embryo Banking Market?
Europe was the largest region in the egg freezing and embryo banking market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the egg freezing and embryo banking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

What Is Covered In The Egg Freezing And Embryo Banking Global Market Report?

- Market Size Analysis: Analyze the Egg Freezing And Embryo Banking Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Egg Freezing And Embryo Banking Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Egg Freezing And Embryo Banking Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Egg Freezing And Embryo Banking Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15795

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.