With the evolution of society, diseases that lead to infertility grow but it can be remedied with the sperm market if you have money …
New markets: the reproduction of life is one of the fastest growing ones. This is explained by the mega global research company The Brainy Insights that gives the human sperm of potential donors an increasing value and a potential never seen before.
By 2030, the size of the sperm bank market will be worth $ 7.52 billion, with a percentage increase of approximately 4.45% over the forecast period 2022-2030.
“The high operating costs of the sperm banks, the negative strategy towards sperm banks and donors and the strict government regulations in different countries were holding back the growth of the market,” they explain from The Brainy Insights, “But the growing acceptance of single-parent or same-sex families in different countries and companies are opportunities for market growth”.
The fact that singles can adopt and as well as same-sex couples has spurred the industry.
It is so flourishing that the birth of new dedicated products is expected, mergers of companies to better conceive the unborn children, acquisitions between companies that deal with the matter from every point of view, new insemination centers, the birth of sperm cryopreservation laboratories to preserve spermatozoa.
The segment of the type of services available is divided into semen analysis, sperm conservation, sample conservation, genetic counseling, donor screening and others. In 2021, the semen analysis segment dominated the market with the largest share, 23.21%, and a market turnover of 1.17 billion. This growth is attributed to growing government initiatives.
In vitro fertilization (IVF) is pushing the industry more than any other. Also because with the evolution of a society more and more prey to pollutants, uncontrolled consumption, abuse of harmful substances of all kinds, drug abuse and neurosis there are more and more people suffering from chronic diseases (among these uterine fibroids, thyroid problems , obesity and polycystic ovary syndrome) which do not allow fertility.
But the lack of natural fertility, for reasons related to diseases or the lack of possibility of having a partner can be remedied today if there is the availability of economic resources.
The theme is very broad and complex and would include in-depth studies of a not insignificant ethical nature that our consumer society is not willing to do. There is therefore at least to be perplexed about the evolution of human species and on the psychophysical balance of the individual when telling stories of couples or individuals who choose their child as in a supermarketwith eyes of a certain color, the height of another, a mother of a specific ethnic group who can carry the future or future unborn in her womb to give birth after 9 months, etc …
“The growing acceptance of the gay, bisexual, lesbian and transgender (LGBT) community as a subject that they can adopt is exponentially stimulating market growth,” says The Brainy Insights.
A not insignificant cultural change that goes hand in hand with another: if before the donor remained anonymous, now he is no longer anonymous. The donor type segment is divided into anonymous donor, known donor, and identity disclosure donors. In 2021, the known donor segment dominated the market with the largest share of 39.14% and market revenue of 1.98 billion. This growth is attributed to supporting laws to eliminate the anonymity of sperm donors in countries.
In 2021, the segment of IVF centers dominated the market with the largest market share of 54.36% and a market turnover of 2.76 billion.
Furthermore, the Asia-Pacific area is expected to show a faster growth rate than the others, of 6.01%, over the projection period. The growth is attributed to the availability of low-cost treatments. The rising rate of infertility and miscarriages in the area is giving the industry great momentum.
However, North America remains as the largest seed bank market globally, with a 43.40% share of market revenue in 2021.
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