The global in vitro fertilization banking services market valuation is estimated to be nearly USD 4,310.9 million in 2023. By expanding at a CAGR of 10.5% the overall size of the market is predicted to reach USD 11,652.7 million by 2033. According to Future Market Insights projections, egg banking services hold a market value share of 77.8% in 2023 by service.
In vitro fertilization banking is the process by which embryos are preserved and can be thawed and implanted in the uterus of a woman later. It might be beneficial for cancer patients who wish to have a family after radiation treatment, chemotherapy, or any other surgery that may induce infertility.
The in vitro fertilization banking services market holds a share of around 13.5% of the global assisted reproductive technology market which was valued at more than 26 billion in 2022. With the average age of first-time mothers rising, an increasing percentage of women are likely to have difficulty conceiving naturally. As a result of this situation, a rising number of women are obliged to seek IVF services, which is projected to propel the market forward.
Infertility has become a worldwide burden which is causing a significant surge in demand for in vitro fertilization banking services worldwide. Over the past decades, in vitro fertilization medications market has gained huge popularity and an upsurge in demand, globally. In vitro fertilization has become the fastest growing technology among the population which is unable to reproduce naturally.
The current trends in the development of alternative processes to IVF include in vitro maturation (IVM). In the IVM technique eggs are taken out early, before maturation and further techniques are used to mature the egg in a laboratory. It is economical, and has minimum side effects than IVF but has a low success rate as compared to the former. This has encouraged the researchers to come up with new ways in order to enhance the current technique or come up with novel methods.
Conversely, with the development of technology-based solutions for applications by medical IVF providers, the market is expected to witness a positive growth outlook. The market is subject to changes as per the regulations for ART clinics and banks, in accordance with the macro industry standards. For instance, the emergence of several FinTech start-ups in support of ART clinics could strengthen the market over the projected years.
| Data Points | Market Insights |
|---|---|
| In Vitro Fertilization Banking Services Market Value 2022 | USD 3,877.9 million |
| In Vitro Fertilization Banking Services Market Value 2023 | USD 4,310.9 million |
| In Vitro Fertilization Banking Services Market Value 2033 | USD 11,652.7 million |
| In Vitro Fertilization Banking Services Market CAGR 2023 to 2033 | 10.5% |
| Market Share of Top 5 Countries | 52.3% |
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| Particulars | Details |
|---|---|
| H1, 2021 | 11.18% |
| H1, 2022 Projected | 10.85% |
| H1, 2022 Outlook | 10.25% |
| BPS Change - H1, 2022 (O) - H1, 2022 (P) | (-) 60 ↓ |
| BPS Change - H1, 2022 (O) - H1, 2021 | (-) 93 ↓ |
According to Future Market Insights' analysis, the global in-vitro fertilization banking services market expects to drop by 93 Basis Point Share (BPS) in H1-2022 as compared to H1- 2021. Whereas in comparison to H1-2022 projected value, the market during the H1-2022 outlook period showed a dip of 60 BPS.
The market witnessed a drop in the BPS values owed to the emergence of alternative assistive reproductive technologies, such as intrauterine insemination methods. So embryo in vitro fertilization methods are more accurate in terms of procedure outcomes and pose minimal adverse effects if any.
Global in vitro fertilization banking services sales were valued at around USD 3.0 billion in 2020. Adoption of in vitro fertilization banking services grew at a CAGR of 9.7% between 2017 and 2022. In comparison, the global in vitro fertilization banking services market is expected to register a CAGR of 10.5% in the next ten years.
The global prevalence rates of infertility can be very complex and difficult to determine due to unknown factors in both males and females. According to the Centre for Disease Control and Prevention (CDC), about 10% of women in the United States under 44 years have infertility. Further, the report informs the rate of male infertility is 4.5-6% in North America in the same age group.
A variety of reasons have contributed to the growth of the medical tourism industry focusing on the IVF services market in emerging nations. As more people are becoming aware of the embryo in vitro fertilization market, the inclination towards it has been rising, fueling demand for embryo cryopreservation. Also, the growing success rate of in vitro fertilization has been enabling more people willing to expand their families to go for it.
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Over the past years, laboratory IVF procedures have increasingly become complex in IVF treatment, however, the cost of fertility inspections can be reduced. For instance, the ‘Walking Egg Foundation’ helped build an IVF laboratory with all equipment for just €300,000 when originally it cost around €1.5–€3.0 million.
They set up a closed culture system using an inexpensive single-tube method. By this method, researchers could effectively visualize eggs allowing performance evaluations of sufficient required details to select single embryos for transfer. Thus the laboratory cost of the treatment could reduce to a large extent and might be economical for all income groups to access.
IVF treatment does not guarantee a successful result all the time. IVF treatment involves infections, hemorrhages, and anesthetic risks during or after the treatment. The probability of a multiple pregnancy is also increased with fertility treatment. This may result in low birth weight and premature delivery. Owing to these risks the medical IVF providers’ market growth is expected to be hindered.
Laws regarding egg donations have made financial compensation of egg donors illegal. As monetary compensation has the risk of exploiting donors and may commercialize donors' eggs and resulting offspring. For instance, in Turkey, the government prohibits egg, embryo donation, and surrogacy but also restricts to have fertility treatments in other countries. The discrepancy levels for egg donation regulation, have altogether limited the growth chances of this service in non-traditional markets.
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| Attributes | Details |
|---|---|
| United States Market Size (2033) | USD 1,080.6 million |
| United States Absolute Dollar Growth | USD 43.5 million |
| United States Market CAGR (2023 to 2033) | 8.1% |
The growth of this market is driven by the rising prevalence of infertility, ongoing innovations in infertility treatment, and the rising number of fertility clinics in the region. Furthermore, in the USA under the Human Egg Donation Law, women receive financial compensation for receiving eggs fueling the IVF demand in the country.
| Attributes | Details |
|---|---|
| Canada Market Size (2033) | USD 277.8 million |
| Canada Absolute Dollar Growth | USD 13.9 million |
| Canada Market CAGR (2023 to 2033) | 11.9% |
Innovations and Novel Technologies make Germany the Leading Market in Europe
| Attributes | Details |
|---|---|
| Germany Market Size (2033) | USD 877.2 million |
| Germany Absolute Dollar Growth | USD 41.7 million |
| Germany Market CAGR (2023 to 2033) | 7.4% |
The dominance of the country is owing to the increase in the utilization of novel technology and service for treatment in the region.
| Attributes | Details |
|---|---|
| United Kingdom Market Size (2033) | USD 507.8 million |
| United Kingdom Absolute Dollar Growth | USD 22.9 million |
| United Kingdom Market CAGR (2023 to 2033) | 8.1% |
According to the European Policy Audit, nearly 28 million people in Europe cannot conceive naturally. Hence the demand for various fertilization banking services is soaring high in other countries as well. The government is also trying to educate couples and youth with various initiatives and awareness camps about the benefits of IVF banking and its.
| Attributes | Details |
|---|---|
| China Market Size (2033) | USD 1,602 million |
| China Absolute Dollar Growth | USD 66.6 million |
| China Market CAGR (2023 to 2033) | 12.7% |
An increase in the awareness of the availability of in vitro fertilization procedures, and the growing adoption of ART have boosted the market further.
India is one of the most economical places for in vitro fertilization (IVF) and other infertility treatments in the world, with over 500 independent IVF clinics. In India, healthcare treatments cost up to 90% less than in the United States. In the United States, an IVF cycle costs over USD 12,000, however in India, the same cycle costs between USD 2,000 and USD 3,000.
| Attributes | Details |
|---|---|
| Top Service | Egg Banking |
| CAGR % 2017 to 2022 | 8.6% |
| CAGR % 2023 End of Forecast (2033) | 8.9% |
Egg banking contributed about 77.8% of the market share in 2021 and is expected to have a CAGR of 8.9% in the forecast period. This service type is in demand because it gives couples the option of choosing the donor, and gives them flexibility over the control of the process which makes it a highly preferred process among the infertile population.
Leading in vitro fertilization banking services manufacturers are focusing on new effective and safe services for people requiring IVF to gain a competitive advantage. Constant investment in R&D, and increased healthcare spending, are expected to favor the emergence of new in vitro fertilization banking services market players.
Recent Developments by the In Vitro Fertilization Banking Services Providers
In April 2022, in observance of National Infertility Awareness Week®, Inception Fertility™ (Inception) introduces "The Faces of Fertility", a campaign emphasizing Inception's multidisciplinary professionals. This group of professionals use instruction, science and technology, research facility skills, and an empathetic strategy to exceptional care throughout every patient's unique journey.
In January 2022, BOSTON IVF partnered with Delaware Institute for Reproductive Medicine to deliver world-class fertility treatments. It plans to extend care locally through innovative treatments like IVF, preimplantation genetic testing, male infertility, LGBTQ+ family building, egg freezing, and more.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD million for Value |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania and Middle East & Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Argentina, Germany, United kingdom, France, Italy, Spain, Russia, Poland, Georgia China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Australia, New Zealand, GCC Countries, Turkey and South Africa |
| Key Market Segments Covered | By Service, Type and By Region |
| Key Companies Profiled | Cryopoint; MyEggBank; Fairfax Cryo Bank; The World Egg Bank; Cryos International; European Sperm Bank; Seattle Sperm Bank; CCRM´s network; Boston IVF´s network |
| Pricing | Available upon Request |
In 2023, the market is expected to attain USD 4,310.9 million.
The sales are to spur to USD 11,652.7 million in 2033.
Through 2033, the market is set to evolve at a CAGR of 10.5%.
From 2018 to 2022, the global market grew at a CAGR of 9.7%.
Egg banking made up 77.8% of the market and registered an 8.9% CAGR during the projection period.
The United States market is anticipated to evolve at a CAGR of 8.1% through 2033.
1. Executive Summary | In Vitro Fertilization Banking Services Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Service Type 5.1. Egg Banking 5.1.1. Fresh Donor Egg Cycle 5.1.2. Frozen Donor Egg Cycle 5.2. Sperm Banking 5.2.1. Sperm Storage Services 5.2.2. Andrology Services 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 6.1. North America 6.2. Latin America 6.3. Europe 6.4. Asia Pacific 6.5. Middle East and Africa 7. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Key Countries Market Analysis 13. Market Structure Analysis 14. Competition Analysis 14.1. Cryopoint 14.2. MyEggBank 14.3. Fairfax Cryo Bank 14.4. The World Egg Bank 14.5. Cryos International 14.6. European Sperm Bank 14.7. Seattle Sperm Bank 14.8. CCRM´s network 14.9. Boston IVF´s network 14.10. California Cryobank 15. Assumptions & Acronyms Used 16. Research Methodology
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In Vitro Fertilization Banking Services Market
