The global in vitro fertilization banking services market valuation is estimated to be nearly US$ 4,310.9 million in 2023. By expanding at a CAGR of 10.5% the overall size of the market is predicted to reach US$ 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 | US$ 3,877.9 million |
| In Vitro Fertilization Banking Services Market Value 2023 | US$ 4,310.9 million |
| In Vitro Fertilization Banking Services Market Value 2033 | US$ 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 US$ 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.
Principal Consultant
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) | US$ 1,080.6 million |
| United States Absolute Dollar Growth | US$ 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 U.S. 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) | US$ 277.8 million |
| Canada Absolute Dollar Growth | US$ 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) | US$ 877.2 million |
| Germany Absolute Dollar Growth | US$ 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) | US$ 507.8 million |
| United Kingdom Absolute Dollar Growth | US$ 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) | US$ 1,602 million |
| China Absolute Dollar Growth | US$ 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 US$ 12,000, however in India, the same cycle costs between US$ 2,000 and US$ 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 | US$ 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 |
|
| Pricing | Available upon Request |
In 2023, the market is expected to attain US$ 4,310.9 million.
The sales are to spur to US$ 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
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Service Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Service Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Service Type, 2023 to 2033
5.3.1. Egg Banking
5.3.1.1. Fresh Donor Egg Cycle
5.3.1.2. Frozen Donor Egg Cycle
5.3.2. Sperm Banking
5.3.2.1. Sperm Storage Services
5.3.2.2. Andrology Services
5.4. Y-o-Y Growth Trend Analysis By Service Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Service Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
6.1. Introduction
6.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
6.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa
6.4. Market Attractiveness Analysis By Region
7. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
7.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
7.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
7.2.1. By Country
7.2.1.1. USA
7.2.1.2. Canada
7.2.2. By Service Type
7.3. Market Attractiveness Analysis
7.3.1. By Country
7.3.2. By Service Type
7.4. Key Takeaways
8. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. Brazil
8.2.1.2. Mexico
8.2.1.3. Rest of Latin America
8.2.2. By Service Type
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Service Type
8.4. Key Takeaways
9. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Germany
9.2.1.2. United kingdom
9.2.1.3. France
9.2.1.4. Spain
9.2.1.5. Italy
9.2.1.6. Russia
9.2.1.7. Rest of Europe
9.2.2. By Service Type
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Service Type
9.4. Key Takeaways
10. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. China
10.2.1.2. Japan
10.2.1.3. India
10.2.1.4. South Korea
10.2.1.5. Australia
10.2.1.6. Rest of APAC
10.2.2. By Service Type
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Service Type
10.4. Key Takeaways
11. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. South Africa
11.2.1.2. Saudi Arabia
11.2.1.3. UAE
11.2.1.4. Israel
11.2.1.5. Rest of MEA
11.2.2. By Service Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Service Type
11.4. Key Takeaways
12. Key Countries Market Analysis
12.1. USA
12.1.1. Pricing Analysis
12.1.2. Market Share Analysis, 2022
12.1.2.1. By Service Type
12.2. Canada
12.2.1. Pricing Analysis
12.2.2. Market Share Analysis, 2022
12.2.2.1. By Service Type
12.3. Brazil
12.3.1. Pricing Analysis
12.3.2. Market Share Analysis, 2022
12.3.2.1. By Service Type
12.4. Mexico
12.4.1. Pricing Analysis
12.4.2. Market Share Analysis, 2022
12.4.2.1. By Service Type
12.5. Germany
12.5.1. Pricing Analysis
12.5.2. Market Share Analysis, 2022
12.5.2.1. By Service Type
12.6. United kingdom
12.6.1. Pricing Analysis
12.6.2. Market Share Analysis, 2022
12.6.2.1. By Service Type
12.7. France
12.7.1. Pricing Analysis
12.7.2. Market Share Analysis, 2022
12.7.2.1. By Service Type
12.8. Spain
12.8.1. Pricing Analysis
12.8.2. Market Share Analysis, 2022
12.8.2.1. By Service Type
12.9. Italy
12.9.1. Pricing Analysis
12.9.2. Market Share Analysis, 2022
12.9.2.1. By Service Type
12.10. Russia
12.10.1. Pricing Analysis
12.10.2. Market Share Analysis, 2022
12.10.2.1. By Service Type
12.11. China
12.11.1. Pricing Analysis
12.11.2. Market Share Analysis, 2022
12.11.2.1. By Service Type
12.12. Japan
12.12.1. Pricing Analysis
12.12.2. Market Share Analysis, 2022
12.12.2.1. By Service Type
12.13. India
12.13.1. Pricing Analysis
12.13.2. Market Share Analysis, 2022
12.13.2.1. By Service Type
12.14. South Korea
12.14.1. Pricing Analysis
12.14.2. Market Share Analysis, 2022
12.14.2.1. By Service Type
12.15. Australia
12.15.1. Pricing Analysis
12.15.2. Market Share Analysis, 2022
12.15.2.1. By Service Type
12.16. South Africa
12.16.1. Pricing Analysis
12.16.2. Market Share Analysis, 2022
12.16.2.1. By Service Type
12.17. Saudi Arabia
12.17.1. Pricing Analysis
12.17.2. Market Share Analysis, 2022
12.17.2.1. By Service Type
12.18. UAE
12.18.1. Pricing Analysis
12.18.2. Market Share Analysis, 2022
12.18.2.1. By Service Type
12.19. Israel
12.19.1. Pricing Analysis
12.19.2. Market Share Analysis, 2022
12.19.2.1. By Service Type
13. Market Structure Analysis
13.1. Competition Dashboard
13.2. Competition Benchmarking
13.3. Market Share Analysis of Top Players
13.3.1. By Regional
13.3.2. By Service Type
14. Competition Analysis
14.1. Competition Deep Dive
14.1.1. Cryopoint
14.1.1.1. Overview
14.1.1.2. Product Portfolio
14.1.1.3. Profitability by Market Segments
14.1.1.4. Sales Footprint
14.1.1.5. Strategy Overview
14.1.1.5.1. Marketing Strategy
14.1.2. MyEggBank
14.1.2.1. Overview
14.1.2.2. Product Portfolio
14.1.2.3. Profitability by Market Segments
14.1.2.4. Sales Footprint
14.1.2.5. Strategy Overview
14.1.2.5.1. Marketing Strategy
14.1.3. Fairfax Cryo Bank
14.1.3.1. Overview
14.1.3.2. Product Portfolio
14.1.3.3. Profitability by Market Segments
14.1.3.4. Sales Footprint
14.1.3.5. Strategy Overview
14.1.3.5.1. Marketing Strategy
14.1.4. The World Egg Bank
14.1.4.1. Overview
14.1.4.2. Product Portfolio
14.1.4.3. Profitability by Market Segments
14.1.4.4. Sales Footprint
14.1.4.5. Strategy Overview
14.1.4.5.1. Marketing Strategy
14.1.5. Cryos International
14.1.5.1. Overview
14.1.5.2. Product Portfolio
14.1.5.3. Profitability by Market Segments
14.1.5.4. Sales Footprint
14.1.5.5. Strategy Overview
14.1.5.5.1. Marketing Strategy
14.1.6. European Sperm Bank
14.1.6.1. Overview
14.1.6.2. Product Portfolio
14.1.6.3. Profitability by Market Segments
14.1.6.4. Sales Footprint
14.1.6.5. Strategy Overview
14.1.6.5.1. Marketing Strategy
14.1.7. Seattle Sperm Bank
14.1.7.1. Overview
14.1.7.2. Product Portfolio
14.1.7.3. Profitability by Market Segments
14.1.7.4. Sales Footprint
14.1.7.5. Strategy Overview
14.1.7.5.1. Marketing Strategy
14.1.8. CCRM´s network
14.1.8.1. Overview
14.1.8.2. Product Portfolio
14.1.8.3. Profitability by Market Segments
14.1.8.4. Sales Footprint
14.1.8.5. Strategy Overview
14.1.8.5.1. Marketing Strategy
14.1.9. Boston IVF´s network
14.1.9.1. Overview
14.1.9.2. Product Portfolio
14.1.9.3. Profitability by Market Segments
14.1.9.4. Sales Footprint
14.1.9.5. Strategy Overview
14.1.9.5.1. Marketing Strategy
14.1.10. California Cryobank
14.1.10.1. Overview
14.1.10.2. Product Portfolio
14.1.10.3. Profitability by Market Segments
14.1.10.4. Sales Footprint
14.1.10.5. Strategy Overview
14.1.10.5.1. Marketing Strategy
15. Assumptions & Acronyms Used
16. Research Methodology
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In Vitro Fertilization Banking Services Market
