The analysts forecast the global sperm bank market to grow at a CAGR of 4.12% during the period 2017-2021. Sperm bank can be defined as an establishment where the semen is stored in cold conditions for artificial insemination at a later stage.
It makes use of cryopreservation freezers to freeze the semen samples. A large number of couples take up artificial insemination to start a family using sperm banks.
These institutions also aid individuals with reproductive problems. The sperm banks support the notion of raising awareness among men regarding the reduction in fertility potential and exposure to reproductive hazards from the environment leading to the option of semen storage.
It is a practice followed quite often for individuals facing orchiectomy, chemotherapy, vasectomy, and radiation therapy.
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Researcher recognizes the following companies as the key players in the global sperm bank market: Androcryos, Cryos International, FairFax Cryobank, and New England Cryogenic Center
Other Prominent Vendors in the market are: California Cryobank, European Sperm Bank, Indian Spermtech, London Sperm Bank, ReproTech, Seattle Sperm Bank, and Xytex.
Commenting on the report, an analyst team said: “The latest trend gaining momentum in the market is Growth of obesity related cases worldwide. Lifestyle plays a substantial role in determining the body's physiology.
The modern work culture involves minimal physical activity and more desk work and mental stress. In addition, consumption of alcohol and drugs has an adverse effect on health and leads to infertility.
Obesity has been linked to several health problems, including diabetes, cardiovascular disease, hypertension, and infertility.”
According to the report, one of the major drivers for this market is Rising number of sperm donors. There has been a rise in the number of sperm donors in the recent past.
It is because of the rise in the number of donors for money. The amount paid to donors is attracting more donors each year.
For instance, in the US, the number of non-patient donors is increasing every year since 2006, with the donors been paid $35-$50 per specimen. Some fertility clinics have also started using their own banks.
This is increasing the awareness about procedure among individuals as these establishments encourage the storing of semen samples at these banks for future use. The rise in banks ensure easy availability and high-quality sperm as required by the individuals.
Further, the report states that one of the major factors hindering the growth of this market is Risk of contamination of samples. The sperm sample can be infected with many microorganisms.
Therefore, the use of cryopreserved germplasm for artificial insemination, IVF, and in other related new reproductive technologies, is of significant value to health authorities. During the assisted reproductive treatments, cryostorage is the only state where large quantities of biological materials are stored together in a common liquid medium.
Even though the temperature of liquid nitrogen is at −196°C, it can still transmit infectious agents from one sample to the other if properly sealed. At times, sperm storage protocols do not involve sterile techniques.
For instance, crackling of overfilled straws or filling of straws by dip and wipe procedure can contaminate the liquid nitrogen. Also, the usage of polyvinyl alcohol container can cause risk of cross contamination during semen processing.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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