Egg Freezing And Embryo Banking Market to Reach $7.51 Billion by 2029 | Key Drivers and Future Outlook
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What Is the Estimated Market Size of the Egg Freezing And Embryo Banking Market In 2029?
The market for egg freezing and embryo banking has seen a quick expansion in its size in the last few years. It is projected to increase from $3.91 billion in 2024 to $4.46 billion in 2025, with a compound annual growth rate (CAGR) of 14.2%. The growth observed in the previous period can be linked to the rise in fertility problems, broadening insurance coverage, increasing demand for donations of eggs and the trend of social egg freezing events.
What Growth Rate Is Forecasted for the Egg Freezing And Embryo Banking Market by 2029?
The market size of egg freezing and embryo banking is predicted to experience a swift expansion in the coming years, escalating to $7.51 billion in 2029 with a compound annual growth rate (CAGR) of 13.9%. This upsurge predicted in the future can be accredited to the emergence of social freezing, enhanced research and development, preimplantation genetic tests, increase in educational initiatives, and the rising number of women compelled to opt for IVF services. The key trends expected in this forecast period encompass product advancements, collaborative partnerships, and extensive research and development undertakings.
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Which Key Companies Are Shaping the Future of the Egg Freezing And Embryo Banking Market?
Major companies operating in the egg freezing and embryo banking market are Mayo Clinic, Cleveland Clinic Fertility Center, The Cooper Companies Inc., Reproductive Medicine Associates Network LLC, Shady Grove Fertility, Virtus Health Limited, Monash IVF Group Limited, Kindbody Inc., Carrot Fertility Inc., CREATE Fertility Limited, New England Cryogenic Center Inc., CCRM Management Company LLC, Reproductive Biology Associates LLC, Genea Limited, WINFertility Inc., California Cryobank Inc., Fairfax Cryobank Inc., Institut Marquès, Extend Fertility Medical Practice PLLC, The London Women’s Clinic Limited, Kitazato Corporation, ReproTech LLC, IVF Australia, CHA Medical Group Inc., West Coast Fertility Centers Inc.
Which Factors Are Driving Demand in the Egg Freezing And Embryo Banking Industry?
The expected increase in social freezing is set to spur the expansion of the egg-freezing and embryo banking sectors. Social freezing is a procedure where a woman has her ovaries stimulated and her eggs retrieved and frozen for reasons other than medical. This rise in social freezing is primarily due to women wanting to secure their fertility and keep the possibility of having children at a later age, often attributed to factors such as career progression, education, absence of a partner, or financial stability. Egg freezing and embryo banking are crucial components of social freezing, presenting individuals with the ability to safeguard their fertility and reproductive alternatives for non-medical causes, empowering them to make informed decisions about their family planning by their own standards. For example, in March 2022, the National Library Of Medicine, a US-based government agency, reported that 167 women underwent 184 social egg freezing cycles overall. The average age of freezing was 37.1 years and an average of 9.5 eggs per retrieval were frozen. A total of 16% of these women chose to utilise their frozen eggs later. Hence, this surge in social freezing is fuelling the growth of the egg-freezing and embryo banking industry.
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How Is the Egg Freezing And Embryo Banking Market Segmented by Several Divisions?
The egg freezing and embryo banking market covered in this report is segmented –
1) By Type: Donor, Non-donor
2) By Preservation: Egg Freezing, Embryo Freezing
3) By Application: Under 30 Year Old Female, Above 30 Year Old Female
4) By End Users: Fertility Centers, Hospitals, Cryo Banks, Other End Users
Subsegments:
1) By Donor: Egg Donation, Embryo Donation
2) By Non-donor: Egg Freezing, Embryo Freezing
What are the Emerging Market Trends Driving the Growth of the Egg Freezing And Embryo Banking Industry?
Leading enterprises in the sphere of egg-freezing and embryo banking are concentrating on the creation of novel fertility preservation banks, aiming to extend all-encompassing fertility preservation services. Preservation Bank is an alternative that delivers frozen donor eggs to aspiring parents, presenting a substitute to fresh eggs. As an example, Pinnacle Fertility, a fertility service specialist situated in the USA, introduced Pinnacle Egg Bank in March 2023 with the aim of expanding access to egg donor choices across the nation. This inventive solution, the Pinnacle Egg Bank, comes with a host of exclusive features such as the availability of top-tier frozen donor eggs, rigorous egg donor screening process, proficiency in egg donation and cryopreservation, a simplified and unified patient journey, and success rates which are on par with the rates of fresh eggs.
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Which Regions Are Driving Growth in the Egg Freezing And Embryo Banking Market?
Europe was the largest region in the egg freezing and embryo banking market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the egg freezing and embryo banking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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This Report Delivers Insight On:
1. How big is the egg freezing and embryo banking market, and how is it changing globally?
2. Who are the major companies in the egg freezing and embryo banking market, and how are they performing?
3. What are the key opportunities and risks in the egg freezing and embryo banking market right now?
4. Which products or customer segments are growing the most in the egg freezing and embryo banking market?
5. What factors are helping or slowing down the growth of the egg freezing and embryo banking market?
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