|
Forecast
Period
|
2025-2029
|
|
Market
Size (2023)
|
USD
3.84 billion
|
|
Market
Size (2029)
|
USD
9.54 Billion
|
|
CAGR
(2024-2029)
|
16.56%
|
|
Fastest
Growing Segment
|
Non-donor
|
|
Largest
Market
|
Europe
|
Market Overview
Global
Egg Freezing And Embryo Banking Market was valued at USD 3.84 billion in 2023 and is anticipated to project robust growth in the forecast period with a
CAGR of 16.56% through 2029. The market for egg freezing and embryo banking is
projected to grow as a result of changes in society and advancements in
reproductive technologies. Individuals are choosing fertility preservation
through assisted reproductive technology for various reasons, including
delaying parenthood, health considerations, and career ambitions. Increasing
awareness and enhanced success rates are spurring the demand for these
services, guaranteeing the expansion of the market. Awareness and education also foster a proactive approach to fertility preservation. When people understand the potential impact of delaying parenthood and the options available to them, they are more likely to take action sooner rather than later. This proactive stance can lead to increased demand for egg freezing and embryo banking services as individuals strive to secure their reproductive options. Many countries and regions have recognized the importance of supporting fertility preservation options. Legal and policy changes, such as mandates for insurance coverage and tax incentives for fertility preservation, have removed financial barriers and created a more conducive environment for individuals considering these procedures.
Key Market Drivers
Societal Shifts and Changing
Demographic
The
global egg freezing, and embryo banking market is currently experiencing
unprecedented growth, and one of the key driving forces behind this surge is
the profound societal shift and changing demographics. Traditional family
planning patterns are giving way to a more dynamic, flexible approach, with
individuals opting to delay parenthood for various personal and professional
reasons. One
of the most prominent factors driving the growth of this market is the
increasing number of individuals who are consciously choosing to delay
parenthood. In the past, people often adhered to traditional family planning
timelines, but today's society embraces the idea of parenthood as a life stage
that can be adjusted according to individual preferences and life goals. This
shift in attitude is directly contributing to the surge in demand for egg
freezing and embryo banking services.
Career
aspirations and personal development are now central to many individuals' life
plans. Pursuing advanced degrees, establishing a successful career, and
achieving financial stability have become priorities for people around the
world. As a result, they are choosing to defer starting a family until they
feel more secure in their careers and personal lives. Egg freezing and embryo
banking provide a viable solution for those who wish to protect their fertility
while pursuing these important goals. Relationship
dynamics have also evolved significantly, with more people delaying or
redefining traditional partnership and marriage. The desire to find the right
partner or to experience personal growth before committing to parenthood has
led to a growing need for fertility preservation options. Egg freezing and
embryo banking cater to individuals who want to take control of their
reproductive future, irrespective of their relationship status.
Advancements
in reproductive technology, along with widespread education and awareness
campaigns, have made egg freezing and embryo banking more accessible and
appealing. Individuals are now better informed about the effectiveness and
safety of these procedures. This increased knowledge empowers them to make
informed decisions and take proactive steps towards preserving their fertility.
Advancements in Reproductive
Technologies
The
global egg freezing, and embryo banking market has experienced remarkable
growth in recent years, with advancements in reproductive technologies playing
a pivotal role. These groundbreaking innovations have made fertility
preservation through egg freezing and embryo banking more accessible,
efficient, and reliable. Advancements
in cryopreservation techniques have significantly contributed to the growth of
the egg freezing and embryo banking market. Cryopreservation involves freezing
and storing reproductive materials at very low temperatures. Over the years,
there have been substantial improvements in the methods used for this process,
particularly with the introduction of vitrification. Vitrification is a
fast-freezing technique that prevents the formation of ice crystals, reducing
the risk of damage to the eggs and embryos. As a result, the survival rate and
viability of preserved specimens have substantially increased, bolstering the
confidence of potential clients.
Vitrification
techniques have undergone continuous refinement, making the process even more
effective. These improved methods allow for the rapid cooling and storage of
eggs and embryos without compromising their quality. With vitrification, the
survival rate post-thaw has improved significantly, giving individuals who opt
for egg freezing and embryo banking a higher likelihood of successful future
pregnancies. Reproductive
technologies have become increasingly sophisticated in the selection of viable
embryos for cryopreservation. Techniques such as pre-implantation genetic
testing (PGT) now enable healthcare providers to assess the genetic health and
viability of embryos before they are stored. This ensures that only the
highest-quality embryos are preserved, leading to better success rates when
they are eventually used for assisted reproductive procedures, such as in vitro
fertilization (IVF).
Advancements
in reproductive technologies have led to significantly improved success rates
for assisted reproductive procedures, including IVF using frozen eggs and
embryos. With more precise control over the cryopreservation process and better
selection of embryos, individuals who opt for fertility preservation are more
likely to achieve successful pregnancies when they decide to use their stored
reproductive materials. The higher success rates are a powerful incentive for
people to consider egg freezing and embryo banking. Advancements
in reproductive technologies have also expanded options for gender and
fertility diversity. LGBTQ+ individuals and those with gender diversity can now
take advantage of egg freezing and embryo banking to fulfill their family
planning aspirations. This inclusive approach to reproductive technologies is
fostering further growth in the market.
Growing Awareness and
Education
The
global egg freezing, and embryo banking market has been on an upward
trajectory, and one of the driving forces behind this growth is the increasing
awareness and education regarding fertility preservation. In an era of rapidly
evolving medical technology, growing societal awareness of the importance of
family planning and the impact of age on fertility has spurred a surge in
demand for egg freezing and embryo banking services.
One
of the essential roles of awareness and education is dispelling misconceptions
surrounding fertility and reproductive options. Many individuals are unaware of
the biological realities of fertility decline with age and may have outdated or
inaccurate information. As awareness campaigns and educational initiatives gain
momentum, the public is becoming better informed about the significance of
fertility preservation, which in turn increases the demand for egg freezing and
embryo banking.According to a study published by the
National Institutes of Health titled "Outcomes of Social Egg
Freezing," a retrospective cohort study was conducted from January 2016 to
March 2022, encompassing all women who underwent egg freezing during this
period. A total of 167 women participated in 184 social egg freezing cycles.
The average age at the time of freezing was 37.1 years, with an average of 9.5
eggs frozen per retrieval. Of these women, 16% returned to use their frozen
eggs. The mean survival rate of eggs post-thaw was 74%, and the fertilization
rate averaged 67%. The pregnancy rate per embryo transfer was 48%, with a live
birth rate of 35% per embryo transfer.
Informed
decisions require access to comprehensive information. The availability of
educational resources and healthcare providers who can offer guidance on
fertility preservation options is instrumental in empowering individuals to
make informed choices about their reproductive futures. As people learn more
about the benefits, risks, and success rates associated with egg freezing and
embryo banking, they are more likely to consider these procedures as part of
their family planning strategy. Historically,
fertility-related discussions were often stigmatized or relegated to private
conversations. However, growing awareness campaigns and open dialogues about
fertility are playing a significant role in reducing the stigma surrounding egg
freezing and embryo banking. As society becomes more accepting of
non-traditional family planning strategies, more individuals are willing to
explore these options. Many
individuals choose to delay parenthood to focus on their careers, personal
development, or other life goals. As awareness of fertility preservation
options grows, more people realize that they can balance their ambitions
without sacrificing the opportunity to have children in the future. Egg
freezing and embryo banking are seen as tools to support these aspirations,
thereby contributing to the market's expansion.
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Key Market Challenges
Cost and Accessibility
One of the most significant challenges
in the egg freezing and embryo banking market is the substantial cost
associated with these procedures. Egg retrieval, cryopreservation, and storage
involve complex medical interventions and sophisticated technology, driving up
expenses. The initial phase, which includes hormonal stimulation and egg
retrieval, can cost thousands of dollars. Additionally, ongoing storage fees
and the eventual thawing and fertilization processes further add to the
financial burden. Insurance coverage for fertility preservation is often
limited or entirely absent in many regions, exacerbating the situation. This
lack of insurance support means that individuals must cover these high costs
out-of-pocket, making these services inaccessible to a large segment of the
population. Consequently, the market for egg freezing and embryo banking is
constrained, missing out on potential clients who could benefit from these
services but are unable to afford them. Addressing this issue requires broader
insurance coverage and potential subsidization to make fertility preservation a
feasible option for a more diverse and extensive clientele, thereby unlocking
the market's full potential.
Ethical and Legal Concerns
One of the primary ethical issues
revolves around the appropriate use of stored reproductive materials. There are
questions about how long eggs and embryos should be stored and what should
happen to them if the person who stored them no longer needs them or cannot be
contacted. The fate of unused embryos, in particular, raises ethical concerns
about potential destruction, donation to other couples, or use in scientific
research.
Consent is another critical area of
concern. It is essential that all parties involved provide informed consent,
understanding the implications of the storage and future use of their
reproductive materials. Situations can become complicated if a person who
provided the material is no longer able to give consent, such as in cases of
severe illness or death. Additionally, in scenarios involving couples, both
partners must agree on the future use of the embryos, which can lead to
disputes if the relationship ends.
Ownership disputes over frozen eggs and
embryos can be particularly contentious. Legal battles can arise if couples who
have stored embryos together separate or divorce, with each party potentially
having different wishes for the future use of the embryos. These disputes can
lead to prolonged legal battles and significant emotional distress for the
parties involved.
Emotional and Psychological
Impact
The decision to pursue fertility
preservation is often driven by deeply personal and medical reasons, which can
carry a substantial emotional and psychological burden. Individuals may choose
egg freezing or embryo banking due to medical conditions like cancer, which can
threaten fertility, or for personal reasons such as delaying parenthood for
career or personal development. This decision is laden with uncertainty, as the
success rates of these procedures are not guaranteed, adding to the emotional
stress.
Facing potential infertility can be
overwhelming, leading to feelings of anxiety, sadness, and isolation. The
emotional challenges are compounded by the physical and financial demands of
the procedures. Hormonal treatments, surgical interventions, and the high costs
involved add layers of stress and complexity.
Given these substantial emotional and
psychological burdens, the fertility preservation industry needs to enhance its
support systems. Providing comprehensive psychological support and counseling
services is essential to help individuals navigate these emotional hurdles.
Such support can offer coping strategies, emotional reassurance, and a better
understanding of the process, ultimately contributing to a more positive
experience for those undergoing fertility preservation.
Key Market Trends
Health and Medical Concerns
The global egg freezing, and embryo banking market has experienced substantial growth, partly due to the rising awareness of health and medical concerns. For individuals facing medical treatments that may affect their fertility or those with underlying health issues, fertility preservation has emerged as a vital solution. A significant factor driving the demand for egg freezing and embryo banking is the need for fertility preservation during medical treatments. Certain health conditions, such as cancer, autoimmune diseases, and organ transplant procedures, often require treatments like chemotherapy or radiation therapy that can harm a person's fertility. In such cases, individuals have turned to fertility preservation as a way to safeguard their reproductive potential before undergoing these potentially fertility-damaging treatments.
Health concerns frequently prompt individuals to explore fertility preservation options as a means to ensure family planning after recovering from a serious illness. For cancer survivors, for example, the ability to have children may be jeopardized by the treatment. Egg freezing and embryo banking offer a glimmer of hope by preserving the possibility of biological parenthood even after the medical battle is won. Advancements in assisted reproductive technology (ART) have made fertility preservation more accessible and efficient for individuals with medical concerns. Improved cryopreservation techniques and in vitro fertilization (IVF) methods contribute to the increased success rates of egg freezing and embryo banking. The expanded reach of these technologies ensures that individuals facing health challenges can consider fertility preservation as a viable option.
Some health conditions or medical treatments may necessitate a temporary postponement of family building plans. In such cases, egg freezing and embryo banking offer a way to preserve reproductive materials until the individual's health situation stabilizes. Once their health is secured, they can explore family planning without the pressure of time constraints. The emotional toll of health concerns and medical treatments can be immense. Fertility preservation options like egg freezing and embryo banking not only offer a practical solution but also provide emotional support and a sense of control. Knowing that their reproductive future is safeguarded can alleviate the emotional burden for individuals battling health issues. Egg freezing and embryo banking are not limited to those with health concerns but also offer inclusive family planning options. For individuals who have genetic predispositions to certain health conditions, these technologies can provide a proactive approach to family planning. In such cases, the market growth is driven by both medical concerns and a desire for responsible family planning.
Advances in Cryopreservation
Techniques
Advances in cryopreservation techniques
have significantly boosted the global egg freezing and embryo banking market,
transforming fertility preservation and assisted reproductive technologies
(ART). Cryopreservation, the process of cooling and storing cells, tissues, or
organs at very low temperatures to maintain their viability, has evolved
dramatically, particularly with the advent of vitrification. Vitrification, a flash-freezing method,
has revolutionized cryopreservation by minimizing the formation of ice
crystals, which can damage cells. This technique involves rapid cooling with
cryoprotectants, resulting in a glass-like solid state without ice crystal
formation. Vitrification has significantly improved the survival rates of
oocytes and embryos post-thaw, leading to higher success rates in subsequent
fertility treatments. Its efficiency and reliability have made it the gold
standard in many fertility clinics worldwide.
The development of advanced
cryoprotectants has also played a crucial role. These substances protect
biological material from the damage typically caused by ice formation during
the freezing process. Modern cryoprotectants are more effective and less toxic,
ensuring higher viability of eggs and embryos. Enhanced formulations and
protocols have reduced cellular stress and improved the overall outcomes of
cryopreservation.
Technological advancements in automation
and robotics have streamlined the cryopreservation process, increasing
precision and consistency. Automated systems for freezing and thawing have
minimized human error, standardized procedures, and improved overall
efficiency. These innovations have made the process more accessible and
scalable, contributing to market growth. Advances in cryopreservation techniques
have broadened the applications of egg freezing and embryo banking. Beyond
fertility preservation for medical reasons, such as cancer treatments, these
techniques are increasingly used for elective fertility preservation, allowing
individuals to delay childbearing for personal or professional reasons. This
expanded use has driven demand and market growth.
Segmental Insights
Type Insights
In 2023, depending on type, non donor segment is dominating the Global Egg Freezing And Embryo Banking Market. Based
on the category of 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.
Preservation Insights
Based on preservation, In 2023, the Egg Freezing segment
continues to dominate the Global Egg Freezing and Embryo Banking Market. This
trend persists due to several key factors shaping the landscape of fertility
preservation. Egg Freezing technology has seen
remarkable advancements, leading to higher success rates and improved viability
of preserved eggs. These advancements have instilled greater confidence among
individuals, particularly women, in the efficacy of Egg Freezing as a reliable
method for preserving fertility.
Egg Freezing offers unparalleled
flexibility, especially for women who wish to delay childbearing for personal
or professional reasons. This flexibility appeals to a broad spectrum of
individuals, including those pursuing career advancements, undergoing medical
treatments that may impact fertility, or delaying family planning for various
personal reasons. Societal shifts and changing attitudes
towards family planning have contributed to the increasing demand for Egg
Freezing services globally. As more individuals prioritize personal autonomy
and reproductive choices, Egg Freezing emerges as a preferred method for
fertility preservation.
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Regional Insights
- Europe dominated the market in 2023,
capturing the largest revenue share. This was chiefly due to the region's
strong foothold in the assisted reproduction technology (ART) sector. For instance, According
to a 2019 report by the European Society of Human Reproduction and Embryology
(ESHRE), Spain emerged as the most active European country in assisted
reproduction, overseeing a total of 140,909 treatment cycles. Spain maintained
its leading position, outperforming countries like Germany (969,226 cycles),
France (104,733 cycles), and Russia (121,235 cycles). The ESHRE meticulously
tracks various treatments, including IVF, ICSI, intrauterine insemination, and
egg donation.
- In
contrast, the Asia Pacific region is
poised to experience the highest compound annual growth rate (CAGR) during the
forecast period. This upsurge is primarily driven by favorable regulatory
environments and the region's emergence as a leading destination for medical
tourism, offering top-notch treatments at more accessible price points. For
instance, the Tokyo metropolitan government has proposed implementing a subsidy
program to cover the expenses associated with egg freezing. The fiscal 2023
budget proposal earmarks USD 733,000 (approximately 100 million yen) for the
program's initiation. This pioneering initiative aims to offer annual financial
assistance of up to USD 2,199 (about 300,000 yen) per individual to 200-300
Tokyo residents, regardless of marital status. This proactive measure addresses
fertility concerns and empowers women to strategically plan their reproductive
futures while navigating career commitments.
Recent Developments
In June 2023, Pinnacle Fertility forged
a strategic alliance with TMRW Life Sciences to deploy an automated platform
for the secure preservation of patients' cryopreserved eggs and embryos. This
technology-driven endeavor aims to enhance the accuracy and efficiency of
storage procedures while elevating the standard of patient care. Pinnacle's
commitment to pioneering solutions aligns seamlessly with TMRW's innovative
offerings, setting a new standard in fertility care through digital
advancements.
Key Market Players
- 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
|
By
Type
|
By
Preservation
|
By
Region
|
|
|
- Egg
freezing
- Embryo
Freezing
|
- North
America
- Europe
- Asia-Pacific
- South
America
- Middle
East & Africa
|
Report Scope:
In this report, the Global Egg Freezing And Embryo
Banking Market has been segmented into the following categories, in addition to
the industry trends which have also been detailed below:
- Egg Freezing And Embryo Banking Market, By Type:
o Donor
o Non-donor
- Egg Freezing And Embryo Banking Market, By Preservation:
o Egg freezing
o Embryo Freezing
- Egg Freezing And Embryo Banking Market, By
Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ Germany
§ United Kingdom
§ France
§ Italy
§ Spain
o Asia-Pacific
§ China
§ Japan
§ India
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Kuwait
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Egg
Freezing And Embryo Banking Market.
Available Customizations:
Global Egg Freezing And Embryo Banking market report
with the given market data, TechSci Research offers customizations according
to a company's specific needs. The following customization options are
available for the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
Global Egg Freezing And Embryo Banking Market is an
upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]