Soaring Demand Set to Propel Egg Freezing And Embryo Banking Market to $7.51 Billion by 2029

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What Is the Expected CAGR for the Egg Freezing And Embryo Banking Market Through 2025?
In recent times, the market size for egg freezing and embryo banking has experienced swift growth. It is estimated that the market, which stands at $3.91 billion in 2024, will escalate to $4.46 billion in 2025, indicating a compound annual growth rate (CAGR) of 14.2%. This significant growth during the historical period can be associated with several factors such as an increase in fertility problems, a broader scope of insurance coverage, a rising demand for donor eggs, and the growing popularity of social egg freezing parties.

What's the Projected Size of the Global Egg Freezing And Embryo Banking Market by 2029?
In the forthcoming years, the market size for egg freezing and embryo banking is forecasted to experience a swift escalation. The market value is predicted to reach $7.51 billion in 2029, with a compound annual growth rate (CAGR) of 13.9%. The surge in this forecast period can be accredited to the increasing acceptance of social freezing, extensive research and development, enhancement in preimplantation genetic testing, proliferating educational initiatives, and a rise in the count of women who are compelled to utilise IVF services. During this forecast period, pivotal market trends such as product innovations, strategic partnerships, and progressive research and developments are expected to prevail.

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Top Growth Drivers in the Egg Freezing And Embryo Banking Industry: What's Accelerating the Market?
The increase in social freezing is anticipated to fuel the expansion of the egg-freezing and embryo banking industries. Social freezing is where a female undergoes ovarian stimulation, egg extraction, and stores her eggs for purposes that aren't related to health, often due to factors such as career, education, the absence of a partner, or financial stability. Egg freezing and embryo banking play significant roles in social freezing, providing people the choice to safeguard their fertility and reproductive alternatives for non-medical reasons. This empowers them to make knowledgeable choices concerning family planning on their terms. For instance, data from the National Library Of Medicine in the United States shows that, as of March 2022, 167 women underwent 184 social egg freezing cycles. The average age at which eggs were stored was 37.1 years, and approximately 9.5 eggs were stored per extraction. Meanwhile, 16% of these women returned to utilise their stored eggs. Consequently, the emergence of social freezing contributes to the growth of the egg-freezing and embryo banking industry.

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What Trends Will Shape the Egg Freezing And Embryo Banking Market Through 2029 and Beyond?
Several leading enterprises in the egg-freezing and embryo banking sectors are emphasizing the creation of inventive fertility preservation banks to provide all-encompassing fertility preservation services. The Preservation Bank is a remedy offering frozen donor eggs to prospective parents, providing a different choice to the use of fresh eggs. For example, in March 2023, Pinnacle Fertility., a fertility services business located in the US, introduced the Pinnacle Egg Bank to enhance access to egg donor options across the nation. This cutting-edge solution, the Pinnacle Egg Bank, presents remarkable attributes such as availability of high-quality frozen donor eggs, an in-depth screening method for egg donors, specialism in egg donation and cryopreservation, an efficient and combined journey for patients, and success rates that stack up 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

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Which Top Companies are Driving Growth in the Egg Freezing And Embryo Banking Market?
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.

Which Regions Will Dominate the Egg Freezing And Embryo Banking Market Through 2029?
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.

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