The sperm bank market is expected to upsurge due to rise in young sperm donors, growing awareness and social acceptance, increase in same sex marriages, technological advancements, and government support for donor and donor-conceived. There are different regulatory bodies that regulate sperm bank in different countries such as in UK, it is led by Human Fertilization and Embryology Authority (HFEA), and in the U.S., it is regulated by as Human Cell or Human Tissue or Human Cell and Tissue (HCT/Ps).
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Global sperm bank is categorized depending on the type of donors, various services offered, end-users, and fertilization techniques. The sperm donor segment is analyzed on the basis of directed donors who store sperms for a designated recipient, client donors who store sperm to use with their partner, known donors, and anonymous donors. The various services offered are semen analysis, donor sperm, genetic consultation, and sperm storage. The end-users of the sperm bank are cancer patients, pre-vasectomy patients, military personnel, police officers, firefighters, and athletes. Sperms are used for in vitro fertilization and donor insemination. Earlier, HIV+ men could not donate sperms, but this shortcoming was solved with a technique called vertification, where they isolate sperms from plasma. Also, techniques such as intracytoplasmic sperm injection and testicular sperm extraction have solved problem for people with azoospermia and for people, who are infertile due to cancer or accidents. Both these advancements have added a new class of sperm donors. The emergence of these sperm donors would not have been possible by the conventional sperm donation method and this is expected to stimulate the market.
The sperm bank market has its presence in North America, Europe, and Asia Pacific. North America dominated the market owing to the presence of large number of licensed sperm banks. Out of the total sperm imports, 70% of the donors were the U.S. donors. To increase awareness and encourage people for sperm donation, the European Sperm Bank has come up with an innovative way; they have designed a customized bicycle. Asia Pacific market is expected to be the fastest growing due to delayed pregnancy, rising infertility rate due to stress levels, and fertility-related disorders.
Major players of the sperm bank market are FairFax Cryobank, Androcryos, New England Cryogenic Center, and Cryos International Sperm Bank. Market players are either coming up with newer techniques, collaborating with other players to increase their market share or expanding their facilities in emerging countries such as India and China. All these contributing factors are expected to propel the sperm bank market over the forecast period.
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