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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