PUBLISHER: Grand View Research | PRODUCT CODE: 1511780
PUBLISHER: Grand View Research | PRODUCT CODE: 1511780
The U.S. sperm bank market size is anticipated to reach USD 2.25 billion by 2030, growing at a CAGR of 3.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Innovations in cryopreservation techniques, the emergence of fertility tourism, increasing access to infertility treatment and increase in the risk of miscarriages are the key factors driving the growth.
According to March of Dimes, approximately 20 in 100 pregnancies end in miscarriage, and following three consecutive miscarriages, the likelihood of experiencing another miscarriage increases to approximately 43%. In addition, the demand for sperm bank services is projected to grow due to increased levels of male infertility, insufficient sperm volume, and problems with ejaculation.
A rise in funding and supportive government initiatives across various states in U.S. is anticipated to boost the adoption of fertility treatments, thereby driving the demand for sperm banks. The U.S. government bodies and initiatives including the Affordable Care Act (ACA), Health Resources and Services Administration (HRSA), and Office on Women's Health (OWH), a part of the U.S. Department of Health and Human Services are making efforts for maternal and child health including issues with miscarriage.