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, and Competition, 2019-2029F

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

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.

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Company Information

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