In Vitro Fertilization Banking Services Market to Grow with a CAGR of ~10% During 2023-2033

Research Nester published a report titled “In Vitro Fertilization Banking Services Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global in vitro fertilization banking services market in terms of market segmentation by service type, donor egg cycle and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global in vitro fertilization banking services market is anticipated to grow with a CAGR of ~10% during the forecast period, i.e., 2023-2033. The market is segmented by service type into egg banking, and sperm banking. Out of these, the service type segment captured the largest market share by 75% in the year 2022. Egg banking involves extracting eggs from women's ovaries, freezing them, and storing them for future use in in vitro fertilization (IVF). As this type of service allows the infertile population to select the donor and control the process, it is highly preferred by the infertile population, which is expected to augment segment growth over the forecast period. 

The global in vitro fertilization banking services market is estimated to garner revenue of USD 10,242.7 Million by the end of 2033, up from revenue of USD 3,590 Million in the year 2022. Growing incidence of lifestyle diseases such as hypertension, stress, increasing cancer cases among women, higher consumption of alcohol, rising percentage of IVF treatments, along with growing personal disposable income are some of the major factors anticipated to drive the growth of the market during the forecast period.

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Geographically, the global in vitro fertilization banking services market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in Europe held the largest market share by 50% in the year 2022 backed by the increasing fertility rate among women. It was observed that the fertility rates in Germany in 2022 are 1.600 births per woman, a 0.30 percent increase compared to 2021.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Growing Prevalence Of Breast Cancer Worldwide to Drive the Market Growth

According to the American Cancer Society, breast cancer is the most common type of cancer among women in the United States. This disease is responsible for about 30% of all new female cancers each year.

Treatments for cancer can make it difficult to get pregnant and make conceiving more difficult. Most chemotherapy drugs can affect a woman's eggs. Several women have chosen egg banking as a way to preserve their fertility. The growth of the global in vitro fertilization banking services market is expected to be driven by this factor over the forecast period.

However, expensive IVF treatment is expected to operate as key restraint to the growth of global in vitro fertilization banking services market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global in vitro fertilization banking services market which includes company profiling of Boston IVF, Apollo Specialty Hospitals Private Limited, Cryopoint, MyEggBank, European Sperm Bank ApS, The World Egg and Sperm Bank, CCRM Management Company, LLC, California Cryobank, Dünya IVF: Cyprus Fertility Clinic, Vinsfertility Pvt. Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global in vitro fertilization banking services market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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