The global sperm bank market size was USD 5.28 Billion in 2021 and is expected to register a revenue CAGR of 4.8% during the forecast period, according to latest analysis by Emergen Research. Strategic collaborations and investments aimed at expanding existing storage facilities and proving better healthcare services is a major factor driving market revenue growth. For instance, on 1 March 2022, Ro, which is a leading and direct-to-patient healthcare company headquartered in New York, U.S., announced to acquire Dadi, a fertility company specializing in sperm testing, analysis, and storage. In addition, the company has acquired Modern Fertility, fastest-growing women's health company in the U.S. These acquisitions will allow Ro to offer a suite of at-home fertility services, allowing individuals or couples to regain control of their fertility journey. In addition, rising rates of male infertility around the world have also contributed to market revenue growth. For instance, the U.S. Department of Health and Human Services is working to raise awareness about various benefits of semen analysis and storage, which are critical fertility services.
The global Sperm Bank market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Sperm Bank market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Cryo-Save Group, Androcryos CC, New England Cryogenic Center, Indian Spermtech, California Cryobank, Seattle Sperm Bank, Fairfax Cryobank, Inc., London Sperm Bank, Xytek, and Baby Quest Cryobank Pvt. Ltd
Research Report on the Sperm Bank Market Addresses the Following Key Questions:
- Who are the dominant players of the Sperm Bank market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Sperm Bank market?
- What are the key growth drivers and restraining factors of the Sperm Bank market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Sperm Bank market and its key segments?
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Emergen Research has segmented the global Sperm Bank market on the basis of type, type of care, and region
Segments Covered in this report are:
Service Type Outlook (Revenue, USD Billion; 2019-2030)
- Sperm Storage
- Semen Analysis
- Genetic Consultation
Donor Type Outlook (Revenue, USD Billion; 2019-2030)
- Known Donor
- Anonymous Donor
End-Uses Outlook (Revenue, USD Billion; 2019-2030)
- Donor Insemination
- In Vitro Fertilization
In conclusion, the Sperm Bank Market report is an exhaustive database that will help readers formulate lucrative strategies. The Sperm Bank Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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