Egg Freezing And Embryo Banking Market to Grow with a CAGR of 16.56% through 2029F
Societal shifts and advancements in
reproductive technologies are expected to drive the Global Egg Freezing And
Embryo Banking Market growth in the forecast period, 2025-2029.
According to TechSci Research report, “Egg
Freezing And Embryo Banking Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2029F”, the Global
Egg Freezing And Embryo Banking Market stood at USD 3.84 billion in 2023 and is
anticipated to grow with a CAGR of 16.56% in the forecast period, 2025-2029. The
market is poised for growth, primarily due to delayed childbearing driven by
sociodemographic factors. To illustrate, in 2021, the Centers for Disease
Control and Prevention (CDC) reported that out of 413,776 ART cycles conducted,
167,689 were dedicated to egg or embryo banking, where all eggs and embryos
were stored for future use. This shift towards delayed parenthood has led
to an increased interest in egg freezing and embryo banking, expected to be a
driving force behind market expansion.
According to the World
Health Organization's 2023 report, approximately 17.5% of the global
population, or 1 in 6 adults, grapple with infertility issues, underlining the
rising demand for accessible and cost-effective fertility care. In response to
this and to accommodate delayed parenthood, more individuals are turning to egg
and embryo banking as an option. This growing trend in fertility preservation
is anticipated to propel market growth.
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The egg freezing and embryo banking
market experienced a positive upswing during the COVID-19 pandemic. As
per the June 2023 report from the Human Fertilisation & Embryology
Authority, the UK witnessed significant growth in this domain. Fertility
Treatment 2021 data, shows a 64% increase in egg storage cycles, rising from
approximately 2,500 in 2019 to over 4,200 in 2021. The post-pandemic
period thus saw a surge in fertility preservation cases, driving market
expansion. Government initiatives are expected to play a significant role
in propelling the growth of the egg freezing and embryo banking industry. For
example, in Australia, the re-election of the Liberal and Nationals
Government has expanded the scope of fertility treatment rebates, including egg
freezing procedures and increasing the number of cycles. Consequently,
Australian women choosing egg freezing can now claim a rebate of USD 2,000,
following a USD 4 million extension within the NSW Government's USD 80 million
Affordable IVF Initiative. Such proactive measures are anticipated to
enhance the accessibility of fertility preservation, thereby driving market
growth. The Global Egg Freezing And Embryo Banking Market is segmented
into type, preservation, regional distribution, and company. Based on its
type, the market in 2023 was primarily driven by individuals who did not opt
for donor eggs, and they constituted the most substantial portion of the
revenue. According to the preliminary National Summary for 2021 from the CDC,
the data underscores a clear inclination among women for using their own eggs.
A significant majority of women below
the age of 35 were involved in cycles using their own eggs or embryos, with the
35-37 age group also showing notable utilization, although at a slightly lower
rate. In contrast, the utilization of donor eggs or embryos was considerably
lower, with women under 35 and those aged 35-37 making up a relatively small
fraction of the cycles. For women under 35, a total of 45,576 embryo transfer
procedures were carried out.
On average, each procedure involved the
transfer of 1.1 embryos, and the implantation rate (the percentage of
transferred embryos successfully implanted) stood at 52.3% in this age group.
This data illustrates the strong preference of many women to use their own eggs
rather than donated ones when it comes to the preservation of eggs and storage
of embryos.
The Global Egg Freezing And Embryo
Banking Market is segmented into Type, Preservation, regional distribution, and
company.
In the global egg freezing and embryo
banking market, the non-donor segment is projected to emerge as the dominant
force during the forecast period. This trend is attributed to several factors.
Advancements in reproductive technologies and increasing awareness about
fertility preservation options have led more individuals to opt for egg
freezing for personal or medical reasons. Cultural shifts and
changing societal norms have contributed to a growing acceptance and
utilization of egg freezing services among non-donor populations.
The non-donor segment is
anticipated to dominate due to the rising prevalence of delayed childbearing,
driven by factors such as pursuing higher education, career advancement, and
delaying marriage. As individuals postpone starting a family, the demand for
fertility preservation options like egg freezing increases among this
demographic.
Regulatory reforms and
supportive government initiatives in various regions are facilitating greater
access to egg freezing services for non-donor populations, further fueling
market growth. Overall, these factors converge to position the non-donor
segment as the leading contributor to the expansion and evolution of the global
egg freezing and embryo banking market in the forecast period.
Based on preservation, in the Global Egg
Freezing and Embryo Banking Market, the segment of Egg Freezing is anticipated
to dominate over Embryo Freezing. This dominance is primarily attributed to
several key factors. Egg Freezing offers greater flexibility and
autonomy to individuals, especially women, in preserving their fertility
without the need for a partner or sperm donor at the time of preservation. This
aspect appeals to a broader demographic, including single individuals, LGBTQ+
couples, and those undergoing medical treatments that may impact fertility. Egg
Freezing technology has witnessed significant advancements in recent years,
leading to improved success rates and outcomes. These advancements have
bolstered confidence among individuals considering fertility preservation,
further driving the demand for Egg Freezing services.
The Asia Pacific region is poised to
dominate the Global Egg Freezing and Embryo Banking Market during the forecast
period. This anticipated dominance is attributed to several key factors. Asia
Pacific has emerged as a hub for medical tourism, offering high-quality
treatments at competitive prices, attracting patients from around the world. Proactive initiatives by governments, such as subsidies for
fertility treatments, further stimulate market growth. With these favorable
conditions in place, coupled with increasing awareness and acceptance of
assisted reproductive technologies, the Asia Pacific region is expected to
maintain its leading position in the global egg freezing and embryo banking
market.
Major companies operating in
Global Egg Freezing And Embryo Banking Market are:
·
ReproTech
LLC
·
Cryo-Cell
International Inc
·
CCRM
Fertility Clinic and IVF Clinic
·
RMA
Fertility Clinics
·
Carrot
Fertility Inc
·
WINFertility,
Inc.
·
Shady
Grove Fertility Reproductive Science Center
·
Kindbody
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“The global egg freezing, and embryo
banking market is in the midst of significant transformation, driven by the
emerging trends. Social freezing, increased inclusivity, advances in
cryopreservation techniques, telehealth, personalized medicine, innovative
techniques, legal and ethical frameworks, and cross-border fertility tourism
are poised to redefine the industry.Progress in cryopreservation methods has
expanded the scope of egg freezing and embryo banking applications. Apart from
preserving fertility for medical purposes, like cancer treatments, these
techniques are now more commonly employed for elective fertility preservation. This
broader utilization has stimulated both demand and market expansion.” said Mr.
Karan Chechi, Research Director, TechSci Research, a research-based management
consulting firm.
“Egg Freezing And Embryo Banking
Market - Global Industry Size, Share, Trends, Opportunity and Forecast,
Segmented By Type (Donor, Non-donor), By Preservation (Egg freezing,
Embryo Freezing), By Region, By Competition, 2019-2029F”, has
evaluated the future growth potential of Global Egg Freezing And Embryo Banking
Market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Egg Freezing and
Embryo Banking Market.
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