Global In Vitro Fertilization Banking Services Market Research Report - Segmentation By Service Type (Egg Banking [Fresh Donor Egg Cycle and Frozen Donor Egg Cycle] and Sperm Banking [Sperm Storage Services and Andrology Services]); and Region - Size, Share, Growth Analysis | Forecast (2024 2030)

Market Size and Overview:

The estimated value of the Global In Vitro Fertilization Banking Services Market in 2023 was USD 4.96 Billion, with a projected increase to USD 9.86 Billion by 2030, demonstrating a CAGR of 10.3% within the forecast period of 2024-2030.

In the process known as in vitro fertilization (IVF), an egg and sperm are combined in vitro, meaning "in glass." This involves overseeing and stimulating ovulation in a woman, retrieving eggs from her ovaries, and allowing sperm to fertilize the eggs in a laboratory culture medium. Following 2–6 days of embryo culture, the fertilized egg (zygote) is transferred into the uterus using a catheter to achieve a successful pregnancy. IVF serves as an assisted reproductive technology for infertility treatment, gestational surrogacy, and the prevention of genetic disorders through pre-implantation genetic testing. In cases where a donor's fertilized egg is implanted into the surrogate's uterus, the resulting child is genetically unrelated to the surrogate. The unavailability of IVF therapy in some countries has led to the growth of fertility tourism, while cost and age restrictions aim to ensure a safe pregnancy term. The term "test tube babies" commonly refers to children born through IVF.

Global In Vitro Fertilization Banking Services Market Drivers:

The In Vitro Fertilization Banking Services Market may see expansion due to Cancer Treatments which greatly affect the Fertility Rate:

The In Vitro Fertilization Banking Services Market is poised for expansion, driven by the impact of cancer treatments on fertility. The increasing global incidence of cancer has led to a higher prevalence of infertility among both men and women, creating a surge in demand for in vitro fertilization. Cancer treatments, such as alkylating medications and hormonal therapies, can adversely affect sperm and egg formation, prompting more infertile cancer patients to opt for egg and sperm preservation procedures. The National Cancer Institute estimates approximately 440 cancer cases per 100,000 men and women annually, contributing to the gradual growth of the in vitro fertilization banking services market.

The market for in vitro fertilization is growing due to the prevalence of infertility throughout the world:

The prevalence of infertility worldwide is a key factor propelling the growth of the in vitro fertilization market. Throughout the projected period, nations like China, the U.S., the UK, and Japan are expected to witness a rising demand for IVF therapy due to increased infertility rates. Factors such as sedentary lifestyles, heightened stress levels, and obesity contribute to the growing incidence of infertility, particularly in males. The popularity of IVF ICSI treatment is anticipated to rise in response to the global increase in male infertility. Moreover, improvements in funding guidelines for the IVF process in various countries are likely to drive substantial revenue growth in the in vitro fertilization market during the forecast period.

Challenges in the Global In Vitro Fertilization Banking Services Market:

Financial Barriers to In Vitro Fertility Treatment:

The high cost associated with in vitro fertilization procedures and related banking services poses a significant challenge to the growth of the IVF banking services market. Some couples, facing financial constraints, find it challenging to afford these treatments. Limited access among certain demographic groups is attributed to the elevated expenses of in vitro fertilization treatment and storage services. Stringent legal and ethical standards governing In Vitro Fertilization banking services add complexity for providers, resulting in increased operational costs. Legislative disparities across nations and regions further complicate market expansion. The fact that in-vitro fertilization procedures and banking services are only partially or not at all reimbursed by insurance discourages potential patients, potentially hindering market expansion.

Impact of COVID-19 on the Global In Vitro Fertilization Banking Services Market:

The global healthcare industry has been significantly affected by the COVID-19 pandemic, originating in Wuhan, China, and spreading worldwide. The pandemic has led to a widespread decrease in various markets, including the market for in vitro fertilization services. Closures in COVID-19-affected nations, along with a rise in healthcare personnel falling ill, have impacted hospitals, fertility clinics, and related facilities. Fertility treatments have seen a decline, as patients refrain from visiting reproductive clinics for non-urgent matters, leading to the postponement of elective fertility procedures. Direct contact between doctors and patients seeking IVF therapy has caused delays in services such as fresh IVF cycles, thawed IVF cycles, and donor egg IVF cycles. The overall decrease in fertility procedures poses financial challenges for fertility clinics and IVF facilities.

Recent Developments in the Global In Vitro Fertilization Banking Services Market:

• February 2021: Generate Life Sciences Company, based in California, expanded its clientele by inaugurating a new sperm bank in Canada.
• August 2020: Boston IVF, Inc. enhanced its market presence by opening a new fertility clinic in Massachusetts, aiming to broaden its clientele and contribute to the growth of the in vitro fertilization industry.

Global In Vitro Fertilization Banking Services Market Segmentation:

By Service Type:

1. Egg Banking:

• Fresh Donor Egg Cycle
• Frozen Donor Egg Cycle

2. Sperm Banking:

• Sperm Storage Services
• Andrology Services

The dominant segment in the in vitro fertilization service type market is the Egg Banking sector. This is attributed to the significant success rate of the egg storage technique, approximately 55%, contributing to the extension of women's fertility. Egg banking programs offer a valuable opportunity for women undergoing fertility-impairing therapies, like chemotherapy, to conceive in the future. The ability to defer genetic parenthood allows women to pursue careers without sacrificing the opportunity for genetic parenting. Despite the higher success rate associated with fresh eggs (25% higher than frozen ones), studies indicate that success likelihood is influenced by various factors, including patient health, response nature, and patient preferences.

The rising prevalence of male infertility concerns, primarily due to aberrant sperm volumes and ejaculatory disorders, is expected to significantly drive the demand for Sperm Banking Services. According to the American Association of Pregnancy, male infertility accounts for 30% of infertility cases, representing nearly one-fifth of all infertility cases. Increased financial support and government initiatives across various nations are anticipated to enhance the adoption of sperm banking services.

Global In Vitro Fertilization Banking Services Market Segmentation: By Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa

The Asia Pacific region is poised to dominate and experience the highest growth rate from 2023 to 2030. This dominance is driven by the region's dense population, increasing awareness of IVF, affordable IVF therapy, a rise in infertility cases, and growing disposable income. The prevalence of polycystic ovarian syndrome (PCOS) in the region is contributing to concerns about female infertility, with IVF becoming more popular as a solution.

The European region is witnessing an increasing demand for financial services in in vitro fertilization. Research by the European Policy Audit on Fertility indicates that over 25 million people in the EU face difficulties in becoming pregnant, with recorded infertility cases increasing by 9% annually. This rising trend underscores the need for IVF services in the region.

Key Players:

• The World Egg Bank
• Cryopoint
• Fairfax Cryo Bank
• MyEggBank
• European Sperm Bank
• CCRM's network
• Cryos International
• Boston IVF's network
• Seattle Sperm Bank
• Manipal Fertility