According to the research conducted by GME Global In Vitro Fertilization Banking Services Market will expand at a CAGR value of 9.35% between 2021-2026. The major factors expected to be the drivers of market growth include the increasing cases of infertility worldwide, the rising cancer cases which have resulted in the incidence of infertility among women and men, a worldwide increase in disposable income, and the rise in fertility tourism among others
Browse 153 Market Data Tables and 113 Figures spread through 183 Pages and in-depth TOC on "In Vitro Fertilization Banking Services Market - Forecast to 2026"
By Service Type (Egg Banking [Fresh Donor Egg Cycle and Frozen Donor Egg Cycle] and Sperm Banking [Sperm Storage Services and Andrology Services]), By Region (North America, Europe, Asia Pacific, MEA, and CSA).
Key Market Insights:
· According to the data published by CDC, approximately 10% of women in the United States are facing infertility problems. Approximately 4.5-6% of men in North America are facing infertile problems.
· Asia Pacific region is expected to be the dominating region and expected to register a peak growth rate between 2021-2026.
· The World Egg Bank, Cryopoint, Fairfax Cryo Bank, MyEggBank, European Sperm Bank, CCRM´s network, Cryos International, Boston IVF´s network, and Seattle Sperm Bank are the key players involved in providing in vitro fertilization banking services.
Browse the Report @ https://www.globalmarketestimates.com/market-report/global-in-vitro-fertilization-banking-services-market-2728
Service Type Outlook (Revenue, USD Million, 2021 - 2026)
· Egg Banking
· Fresh Donor Egg Cycle
· Frozen Donor Egg Cycle
· Sperm Banking
· Sperm Storage Services
· Andrology Service
Regional Outlook (Revenue, USD Million, 2021 - 2026)
· Rest of Europe
· South Korea
· Rest of APAC
Central & South America
· Rest of CSA
Middle East & Africa
· Saudi Arabia
· South Africa
· Rest of MEA
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In Vitro Fertilization Banking Services Market Insights
The rising cancer cases have resulted in the incidence of infertility among women and men which has
become the prominent factor in vitro fertilization banking services market growth. The global market
will register a CAGR of 9.3% between (2021-2026). The increasing cases of infertility worldwide, the
IVF, and ICSI treatments are increased due to job strain, stress, food preferences, and shifting
IVF is an assisted reproductive (ART) technology that involves extracting eggs from the ovaries of a
woman and in vitro fertilizing them with sperm. The procedure includes inducing the ovulation of a
woman, extracting an ovum from the ovaries of the woman, and enabling them to be fertilized by
sperm in a laboratory.
IVF is one of the most frequently used therapies to support couples with infertility problems, which is a
key factor behind the global growth of the demand for IVF services. The adoption of in vitro fertilization
by couples facing fertility problems are increasing globally. The improvement in healthcare and life
science applications also drives the demand for embryo banking, and andrology services, among
others. As more individuals become aware of the process of in vitro fertilization, the willingness
towards it has increased, fuelling embryo cryopreservation need.
A worldwide increase in disposable income, changes in food consumption increase which results in a
rising preference for IVF in families. This is also supported by the increasing success rate of in vitro
fertilization, which is 25-30 % according to 2018 figures.
The rise in fertility tourism, which is a practice of traveling for fertility treatment to another country or
jurisdiction also referred to as reproduction tourism. The favourable government policies for
treatments are also boosting the market growth. According to the data published by