About In Vitro Fertilization Banking Services
In Vitro Fertilization Banking Services are basically egg and sperm donation and storage services which are on rise in demand due to rising infertility. Nascent life style choices such as drinking and smoking as well as other changing lifestyle trends are leading to decrease in fertility rates around the world. The advancement of modern bio tech solutions and loosening of government regulations in certain regions has driven the growth of these services. Geographically, Europe is the biggest market because of decreasing fertility rates in the region, East Asia primarily South Korea and even japan have huge potential to grow in the coming years because of South Korea’s lowest fertility rate in the world.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 11.0% |
Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the lightweight jackets market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global In Vitro Fertilization Banking Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The World Egg Bank (United States), European Sperm Bank (Denmark), Boston IVF´s network (United States), MyEggBank (United States), Fairfax Cryo Bank (United States), Seattle Sperm Bank (United States), Cryos International (Denmark), CCRM´s network (United States), Seed ART Bank (India) and OvogeneBank (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are London Egg Bank (United Kingdom), Livio Egg Bank (Sweden) and Asian Egg Bank (United States).
Segmentation Overview
AMA Research has segmented the market of Global In Vitro Fertilization Banking Services market by Type (Egg Banking and Sperm Banking) and Region.
On the basis of geography, the market of In Vitro Fertilization Banking Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User , the sub-segment i.e. Cryobanks will boost the In Vitro Fertilization Banking Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Fresh will boost the In Vitro Fertilization Banking Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Number of Fertility Clinics
Market Growth Drivers:
Decreasing Fertility Rates in Some Regions & Raised Fertility Tourism
Challenges:
Low Awareness regarding In Vitro Fertilization Banking Services and Providing Low Cost IVF Services
Restraints:
High Cost Associated with In Vitro Fertilization Services and Complex Surgeries In Vitro Fertilization
Opportunities:
Low Fertility regions such as Japan and South Korea provide an opportunity
Market Leaders and their expansionary development strategies
In September 2023, Merck, a leading science and technology company, is launching a comprehensive Fertility Benefit program in October 2023 that will offer employees financial support for fertility treatments. The program will be launched in eight markets: Germany, the United Kingdom, Switzerland, China, India, Taiwan, Brazil, and Mexico. To date, Merck offers similar benefits to employees in the United States, Canada, and Japan. An expansion of the offering to Merck employees in further countries is planned to start next year.
In July 2023, EQT is pleased to announce that BPEA Private Equity Fund VIII ("BPEA EQT") has agreed to acquire a control stake in Indira IVF (the "Company"), from TA Associates and the Company's founders, Dr. Ajay Murdia, Dr. Kshitiz Murdia, and Dr. Nitiz Murdia, who will retain a significant minority stake and continue to lead the Company.
Germany has Banned Any Kind of Donations of Eggs Under the 1990 Embryo Protection Act
Key Target Audience
IVF Banking Services Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.