The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Egg Freezing And Embryo Banking Global Market Report 2023, the egg freezing and embryo banking market is expected to show promising growth in the forecast period.

• Market Size Expansion:
  • The egg freezing and embryo banking market is experiencing significant growth.
  • The market grew from $3.43 billion in 2023 to $3.91 billion in 2024, marking a compound annual growth rate (CAGR) of 13.9%.
• Key Drivers:
  • Rising fertility issues are a major driver of market growth.
  • Expanded insurance coverage is making these services more accessible.
  • Increasing demand for donor eggs and the popularity of social egg-freezing parties are also contributing factors.

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Strong Future Growth Projections

• Expected Market Expansion:
  • The market is projected to reach $6.6 billion by 2028.
  • The forecasted CAGR of 14% highlights the rapid growth expected in the coming years.
• Growth Factors:
  • The rise of social freezing is becoming a significant trend.
  • Increased research and development in the field is driving innovation.
  • Preimplantation genetic testing is becoming more common, contributing to market expansion.
  • Educational initiatives are raising awareness, leading more women to seek IVF services.

The Impact of Social Freezing

• Social Freezing Explained:
  • Social freezing allows women to preserve their eggs for non-medical reasons, such as career or financial stability.
  • This process involves ovarian stimulation, egg retrieval, and freezing.
• Market Influence:
  • Social freezing is a key driver of the egg freezing and embryo banking market.
  • A significant rise in social freezing cycles has been observed, with a 31% increase reported by SART-member clinics between 2020 and 2021.

Major Players in the Market

• Leading Companies:
  • Major players include Mayo Clinic, Cleveland Clinic Fertility Center, and The Cooper Companies Inc.
  • Other key companies are Shady Grove Fertility, Virtus Health Limited, and Monash IVF Group Limited.
• Comprehensive Market Coverage:
  • The market includes a wide range of companies specializing in fertility services, donor eggs, and embryo banking.

Innovations in Fertility Preservation

• Innovative Solutions:
  • Companies are focusing on developing innovative fertility preservation solutions, such as Preservation Banks.
  • These banks offer frozen donor eggs as an alternative to fresh eggs, providing more options for intended parents.
• Pinnacle Fertility’s New Offering:
  • In March 2023, Pinnacle Fertility launched Pinnacle Egg Bank, increasing access to high-quality frozen donor eggs.
  • This innovation includes a thorough screening process for donors and streamlined patient journeys.

Enhancing Specimen Management

• Partnerships Driving Progress:
  • In June 2023, Pinnacle Fertility partnered with TMRW Life Sciences to improve specimen management.
  • This partnership introduces state-of-the-art technology for managing and storing frozen eggs and embryos.
• Improved Standards of Care:
  • The collaboration aims to enhance safety, accuracy, and transparency in fertility preservation.
  • Patients benefit from modernized processes that ensure the highest standards of care.

Market Segmentation and Regional Insights

• Market Segmentation:
  • The market is segmented by type (Donor, Non-donor) and preservation method (Egg Freezing, Embryo Freezing).
  • Applications are categorized by age (Under 30-Year-Old Female, Above 30-Year-Old Female) and end users (Fertility Centers, Hospitals, Cryo Banks).
• Regional Trends:
  • Europe was the largest market in 2023, reflecting strong demand for these services.
  • The Asia-Pacific region is expected to be the fastest-growing market during the forecast period, driven by increasing awareness and demand.

The egg freezing and embryo banking market is poised for continued growth, fueled by innovative solutions, rising demand for fertility preservation, and expanding access to advanced reproductive technologies.

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