Global Sperm Bank Market is estimated to reach USD 7.05 billion by 2032 with a CAGR of 3.54%: SPER Market Research

NEW YORK, UNITED STATES, December 20, 2022 /EINPresswire.com/ -- Due to the increasing demand for fertilization methods across the globe, the demand for the sperm banking industry is expected to increase during the forecast period. In addition, increasing infertility cases and the availability of a large number of semen analysis tests are also boosting the growth of the market. However, the high operating costs of sperm banks, negative strategies towards sperm banks and donors, and stringent government regulations in various countries hinder the market growth. In addition, increasing acceptance of single-parent or same-sex families in various countries and societies presents an opportunity for market growth.

Sperm Bank Market Overview:
• Forecast CAGR (2022-2032): 40.35%
• Forecast Market Size (2032): 443.98 billion
The Covid-19 outbreak has impacted the seed bank market. Covid-19 is impacting not only the sperm banking market but the entire healthcare industry. It's disrupting supply chains and putting a financial strain on many businesses. The pandemic has pushed almost every country into a nationwide lockdown. So, people couldn't come to sperm banks, hospitals, etc. Non-immediate surgeries have been postponed due to the lockdown. As such, Covid-19 has disrupted both the supply and demand sides.

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The Global Sperm Bank Market Size study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; Androcryos CC, Baby Quest Cryobank Pvt. Ltd., California Cryobank, Cryos International, Cryo-Save Group, European Sperm Bank, Fairfax Cryobank, Indian Spermtech, London Sperm Bank, New England Cryogenic Center, ReproTech, Seattle Sperm Bank, Xytex.

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The Market Research study aims to provide market dynamics, demand, and supply with a yearly forecast for 2032. This report provides data for growth estimates and forecasts for product type segment – By Service (Sperm Storage, Semen Analysis, Genetic Consultation), By Donor (Known Donor, Anonymous Donor, ID Disclosure Donors), By Type of Vials (Intrauterine Insemination (IUI), Intracervical Insemination (ICI), In-Vitro Fertilization), By End Use (Donor Insemination, In Vitro Fertilization).

This report also provides data for key regional segments of North America, Europe, Asia-Pacific, and the Rest of the World.

This study also encompasses various market drivers and restraining factors for the forecast period. Various growth opportunities are also discussed in the report.

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