In Vitro Fertilization Banking Services Market Size (2024 –2030)

The Global In Vitro Fertilization Banking Services Market was estimated to be worth USD 4.96 Billion in 2023 and is projected to reach a value of USD 9.86 Billion by 2030, growing at a CAGR of 10.3% during the forecast period 2024-2030.

When natural conception proves difficult, in vitro fertilization, or IVF, is a procedure used to help people conceive. It entails inducing ovulation in a woman, extracting her eggs, and fertilizing them in a laboratory with sperm. The resultant embryos are implanted back into the woman's uterus to begin a pregnancy after being cultured for a few days following fertilization. Pre-implantation genetic testing combined with IVF can help prevent genetic disorders, help with infertility, and facilitate gestational surrogacy. In certain cases, a donor egg may be used, in which case the child will not share any genetic characteristics with the surrogate mother. Due to the limited availability of IVF, some people choose to travel for treatment (fertility tourism). Children born via IVF are frequently referred to as "test tube babies".

Key Market Insights:

The average cost of IVF banking services ranges from $3,000 to $5,000 per cycle, depending on the location and clinic. The global IVF banking services market is estimated to have around 1.5 million cycles performed annually. The goal of IVF costs and age restrictions is to guarantee the woman has a safe pregnancy. The success rate for IVF treatments using banked embryos or eggs is approximately 35% to 40% per transfer cycle. The Asia-Pacific region accounts for nearly 45% of the global demand for IVF banking services, driven by countries like India, China, and Japan. According to studies, over 25 million European Union citizens struggle to conceive, and the number of infertile cases rises by 9% annually, and demand for IVF services is rising.

Global In Vitro Fertilization Banking Services Market Drivers:

Cancer treatments, which have a significant impact on fertility rates, may lead to an expansion in the in vitro fertilization banking services market.

The need for in vitro fertilization (IVF) has increased due to the rising incidence of cancer cases worldwide, which has also resulted in higher rates of infertility among men and women. Chemotherapy and hormone therapies are examples of cancer treatments that can damage egg and sperm cells, resulting in permanent infertility. In response, an increasing number of cancer patients are choosing to have their sperm and eggs preserved before treatment, which is fueling the expansion of sperm and egg storage businesses. With approximately 440 cases of cancer per 100,000 people annually, there is a growing need for IVF services as a result of the rising rate of infertility brought on by the disease.

Due to the global prevalence of infertility, the market for in vitro fertilization is expanding.

Growing rates of infertility in nations like China, the United States, the United Kingdom, and Japan are predicted to drive up demand for in vitro fertilization (IVF) treatment in the upcoming years. For instance, the 2018 National Survey of Family Growth (NSFG) revealed that 6.7% of American women between the ages of 15 and 44 were infertile. Globally, male infertility rates are rising, which is contributing to the growing popularity of IVF with ICSI (Intracytoplasmic Sperm Injection). Increased stress, obesity, and sedentary lifestyles are other factors that lead to infertility. It is anticipated that this trend will fuel the global IVF market's expansion. Furthermore, several nations are strengthening their laws to facilitate the financing of IVF treatments, which is expected to significantly boost IVF market revenue growth over the forecast period.

In Vitro Fertilization Banking Services Market Challenges and Restraints:

Due to the high expense of in vitro fertilization (IVF) treatments and associated banking services, some couples find it difficult to afford them. The cost of these services may also restrict access for some groups of people. Strict legal and ethical requirements apply to IVF banking services, which can make compliance more difficult and expensive for providers. Furthermore, regional and national regulatory disparities may prevent a market from expanding. The lack of insurance coverage for IVF treatments and banking services can deter prospective patients from using these services and hinder market expansion.

In Vitro Fertilization Banking Services Market Opportunities:

The market for in vitro fertilization (IVF) offers substantial opportunities that are fueled by several important variables. Technological developments in IVF have improved success rates and decreased costs, making the procedure more accessible and effective. Examples of these developments include time-lapse imaging, pre-implantation genetic testing, and improved cryopreservation techniques. The market potential has increased as a result of media coverage and educational campaigns raising awareness of and acceptance of IVF as a workable treatment for infertility. Furthermore, the need for IVF services is still being driven by the world's rising infertility rates, which are being impacted by environmental factors, delayed childbearing, and lifestyle changes. Furthermore, government funding and support programs designed to address infertility as a public health issue contribute to the affordability and accessibility of IVF treatments, which in turn spurs market growth. These elements work together to foster the growth of the IVF industry, empowering more people to seek fertility treatments and fulfill their aspirations of becoming parents.

IN VITRO FERTILIZATION BANKING SERVICES MARKET REPORT COVERAGE:

Global In Vitro Fertilization Banking Services Market Segmentation: By Service Type

• Egg Banking

  • Fresh Donor Egg Cycle

  • Frozen Donor Egg Cycle

• Sperm Banking

  • Sperm Storage Services

  • Andrology Services

A sizeable portion of the market for in vitro fertilization (IVF) services is made up of the egg banking industry. Because they can protect a woman's fertility—especially for those undergoing treatments like chemotherapy that may impair their ability to conceive—egg storage programs have grown in popularity. Women who store eggs can postpone having children until they are ready, which frees them up to concentrate on their careers without having to worry about their fertility. Since fresh eggs have a higher success rate than frozen ones, this is often the case, though success can also depend on other factors, such as the patient's health and response to treatment. In a similar vein, demand for sperm bank services is rising in tandem with the rising incidence of male infertility. A large percentage of infertility cases are male-specific, and government and financial support initiatives are likely to increase the use 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 in vitro fertilization (IVF) market is anticipated to lead and grow at the highest rate in the Asia Pacific region between 2023 and 2030. The region's high population density, growing awareness of and access to IVF treatment, an increase in the number of cases of infertility, and rising disposable income are the main causes of this. This area is seeing an increase in the prevalence of diseases like polycystic ovarian syndrome (PCOS), which raises concerns about female infertility. In Asia Pacific, IVF is growing in popularity as a solution to these issues. IVF services are becoming more and more necessary in Europe as well. According to research, over 25 million European Union citizens struggle to conceive, and the number of infertile cases rises by 9% annually. In Europe, demand for IVF services is rising as a result of this growing problem.

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

With its origins in Wuhan, China, and its spread throughout the world, the COVID-19 pandemic has had a major impact on the global healthcare sector. The market for in vitro fertilization (IVF) services has declined along with many other markets as a result of disruptions and closures brought on by pandemics. Owing to staff shortages and closures brought on by the pandemic, hospitals, fertility clinics, and other healthcare facilities have encountered difficulties. Patients are reluctant to visit clinics for non-urgent matters, and the number of fertility treatments has decreased. There have been delays in several elective reproductive procedures, such as IVF cycles utilizing fresh or frozen eggs. IVF centers and fertility clinics are facing financial difficulties as a result of these disruptions.

Latest Trend/Development:

The market for banking services related to in vitro fertilization (IVF) is going through several noteworthy trends and developments. One significant trend is the rise in cancer patients' need for services related to egg and sperm preservation. More people are choosing to preserve their reproductive cells before receiving cancer treatments because these procedures frequently result in infertility. Within the IVF banking services market, this trend has fueled growth in the sperm and egg storage sectors. The increasing prevalence of infertility worldwide, especially in nations like China, the United States, the United Kingdom, and Japan, is another significant development. The prevalence of obesity, sedentary lifestyles, and elevated stress levels are among the factors that contribute to infertility and drive up demand for IVF procedures like IVF ICSI (Intracytoplasmic Sperm Injection). It is anticipated that this trend will support the market growth for IVF treatments. The expansion of the market is also being aided by advancements in insurance coverage and funding for IVF treatments in different nations. Throughout the forecast period, it is anticipated that the in vitro fertilization market revenue will rise as more countries improve their policies to support IVF treatments. These changes indicate that the market for IVF banking services is expanding, propelled by rising awareness, developing technology, and supportive policies. The California-based Generate Life Sciences Company opened a new sperm bank in Canada in February 2021 to increase the size of its clientele. Reaching more clients in need of reproductive services was the goal of this action. To increase the number of individuals in the area who can receive fertility treatments, Boston IVF, Inc. established a new fertility clinic in Massachusetts in August 2020.

Key Players:

1. The World Egg Bank

2. Cryopoint

3. Fairfax Cryo Bank

4. MyEggBank

5. European Sperm Bank

6. CCRM´s network

7. Cryos International

8. Boston IVF´s network

9. Seattle Sperm Bank

10. Manipal Fertility