Sperm Bank Market Is Projected To Witness Growth Based On Growing Demand For Rapid Increase In The Young Sperm Donors Till 2025:Grand View Research,inc.
The global sperm bank market is expected to reach a value of USD 4.96 billion by 2025, according to a new report by Grand View Research, Inc. The technological advancements pertaining to assistive reproduction, increasing number of countries legalizing same-sex marriage, and growing government support toward sperm donation and donor offspring in various countries are some of the crucial factors expected to boost the market over the forecast period. In 2015, North America held majority of the revenue share of the sperm bank market. The presence of large number of sperm banks and registered laboratories in North America is one of the key factors that can be accounted for the largest share. The regulations for sperm donation vary as per country; most of the countries have limit on the number of donor off springs and prohibition on the sperm usage of a deceased donor. The increasing prevalence of infertility has led to huge demand for sperms and the presence of favora...