Egg Freezing And Embryo Banking Market Report 2024, Growth And Overview
The egg freezing and embryo banking global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Egg Freezing And Embryo Banking Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
This egg freezing and embryo banking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The egg freezing and embryo banking market size has grown rapidly in recent years. It will grow from $3.43 billion in 2023 to $3.91 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to rising fertility issues, expanding insurance coverage, expanding insurance coverage, increasing demand for donor eggs and social egg freezing parties.
The egg freezing and embryo banking market size is expected to see rapid growth in the next few years. It will grow to $6.6 billion in 2028 at a compound annual growth rate (CAGR) of 14%. The growth in the forecast period can be attributed to rise of social freezing, increasing research and development, preimplantation genetic testing, increasing educational initiatives, rising number of women are obliged to seek IVF services. Major trends in the forecast period include product innovations, partnerships, and research and developments.
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Scope Of Egg Freezing And Embryo Banking Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Egg Freezing And Embryo Banking Market Overview
Market Drivers –
The rise of social freezing is expected to propel the growth of the egg-freezing and embryo banking markets going forward. Social freezing refers to the process in which a woman undergoes ovarian stimulation, egg retrieval, and freezing of her eggs for non-medical reasons. The rise of social freezing desire to preserve their fertility and have the option to have children later in life, often due to career, education, lack of a partner, or financial stability. Egg freezing and embryo banking play crucial roles in social freezing by offering individuals the option to preserve their fertility and reproductive options for non-medical reasons, allowing them to make informed decisions about family planning on their terms. For instance, in April 2024, according to a report published by the American Society for Reproductive Medicine, a US-based professional non-governmental organization, preliminary national data for 2021 indicates a significant increase in egg-freezing cycles reported by SART-member clinics, rising by over 31% from the previous year, from 16,786 to 24,558. This marks a substantial increase in fertility preservation treatments. Therefore, the rise of social freezing drives the growth of the egg-freezing and embryo banking market.
Market Trends –
Major companies operating in the egg-freezing and embryo banking markets are focusing on developing innovative fertility preservation banks to offer comprehensive fertility preservation solutions. Preservation Bank is a solution that provides frozen donor eggs to intended parents, offering an alternative to using fresh eggs. For instance, in March 2023, Pinnacle Fertility., a US-based fertility services provider, launched Pinnacle Egg Bank to increase nationwide access to egg donor options. This innovative solution, Pinnacle Egg Bank, offers unique features such as access to high-quality frozen donor eggs, a thorough screening process for egg donors, expertise in egg donation and cryopreservation, a streamlined and integrated journey for patients, and comparable success rates to fresh eggs.
The egg freezing and embryo banking market covered in this report is segmented –
1) By Type: Donor, Non-donor
2) By Preservation: Egg Freezing, Embryo Freezing
3) By Application: Under 30 Year Old Female, Above 30 Year Old Female
4) By End Users: Fertility Centers, Hospitals, Cryo Banks, Other End Users
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Regional Insights –
Europe was the largest region in the egg freezing and embryo banking market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the egg freezing and embryo banking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the egg freezing and embryo banking market are Mayo Clinic, Cleveland Clinic Fertility Center, The Cooper Companies Inc., Reproductive Medicine Associates Network LLC, Shady Grove Fertility, Virtus Health Limited, Monash IVF Group Limited, Kindbody Inc., Carrot Fertility Inc., CREATE Fertility Limited, New England Cryogenic Center Inc., CCRM Management Company LLC, Reproductive Biology Associates LLC, Genea Limited, WINFertility Inc., California Cryobank Inc., Fairfax Cryobank Inc., Institut Marquès, Extend Fertility Medical Practice PLLC, The London Women’s Clinic Limited, Kitazato Corporation, ReproTech LLC, IVF Australia, CHA Medical Group Inc., West Coast Fertility Centers Inc.
Table of Contents
1. Executive Summary
2. Egg Freezing And Embryo Banking Market Report Structure
3. Egg Freezing And Embryo Banking Market Trends And Strategies
4. Egg Freezing And Embryo Banking Market – Macro Economic Scenario
5. Egg Freezing And Embryo Banking Market Size And Growth
…..
27. Egg Freezing And Embryo Banking Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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