Sperm Bank Market - Forecast(2020 - 2025)
Sperm Bank Market size was valued at $ 5.01Bn in 2019 and is anticipated to grow at a CAGR of 3.6% during the forecast period 2020-2025. The Sperm Bank Market growth rate is attributed to the fact that many couples are facing a problem of not having a child as the female partner is not able to produce gamete (egg) or the male partner is having low sperm characteristics (low sperm count, less motility). In such cases, there arise a need for a healthy donor who can donate them healthy, mature and viable gametes to bring the hope of having a child which leads to the adoption of assisted reproductive technology (ART) therapy and therefore surged the demand for sperm banks. Sperm banks are licensed enterprises with an aim to maintain male fertilization capacity. A sperm banks collect, stores, and preserves sperm from healthy volunteers to help infertile couples to have a child. From improvement’s made in artificial insemination and other ART methods require heavy investment which has led t...