Egg Freezing And Embryo Banking Growth Forecast 2025-2034: Trends, Opportunities, and Key Insights You Need to Know
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What is the Predicted CAGR for the Egg Freezing And Embryo Banking Market Over the Forecast Period of 2025 to 2034?
The market size for egg freezing and embryo banking has seen vast expansion in recent periods. The market is projected to increase from a value of $3.91 billion in 2024 to $4.46 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 14.2%. The notable growth in the past can be accredited to the escalating fertility complications, broadening insurance coverage, escalating demand for egg donations, and the rising trend of social egg freezing events.
In the coming years, the market size of egg freezing and embryo banking is predicted to experience swift expansion. The market is projected to reach a value of $7.51 billion in 2029 with a compound annual growth rate (CAGR) of 13.9%. Factors such as the increasing trend of social freezing, enhanced research and development activities, advance preimplantation genetic testing, proliferating educational initiatives, and a higher number of women resorting to IVF services contribute to this growth during the forecast period. The market during the forecast period will also be characterized by major trends such as product innovations, collaborations, and continued research and development activities.
What Key Drivers Are Accelerating the Growth of the Egg Freezing And Embryo Banking Market During the Forecast Period?
The increasing popularity of social freezing is projected to boost the expansion of the egg-freezing and embryo banking sectors in the future. Social freezing is a procedure where a woman stimulates her ovaries, retrieves her eggs, and then freezes them for reasons other than medical needs. The appeal of social freezing comes from women’s wish to maintain their fertility and the possibility of having children later in life, often because of their career, education, the absence of a partner, or financial stability. Both egg freezing and embryo banking serve a crucial part in social freezing by providing individuals with the ability to maintain their fertility and reproductive choices for non-medical reasons, granting them the liberty to make informed family planning decisions on their terms. For example, in March 2022, the US-based National Library Of Medicine reported that a total of 167 women underwent 184 social egg freezing cycles. The average age of these women at the time of freezing was 37.1 years, and approximately 9.5 eggs were frozen for each retrieval. In total, about 16% of the women eventually decided to use their frozen eggs. Consequently, the increasing trend of social freezing propels the growth of the egg-freezing and embryo banking industry.
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Who Are the Top Companies Driving Innovation and Growth in the Egg Freezing And Embryo Banking Market?
Major companies operating in the egg freezing and embryo banking market are:
• Hyundai Corporation_x000D_
• Robert Bosch GmbH_x000D_
• Denso Corporation_x000D_
• ZF Friedrichshafen AG_x000D_
• Continental AG_x000D_
What Key Trends Are Currently Impacting the Egg Freezing And Embryo Banking Market’s Development?
Leading corporations within the egg-freezing and embryo storage industry are concentrating their efforts on creating cutting-edge fertility preservation banks which offer a comprehensive range of fertility services. Preservation Bank is an innovative solution that supplies frozen donor eggs as an alternative to fresh eggs for prospect parents. For instance, in March 2023, US-based fertility service company, Pinnacle Fertility, introduced the Pinnacle Egg Bank with the aim of broadening access to potential egg donors across the nation. Among the distinctive features of the advanced Pinnacle Egg Bank solution are the availability of premium frozen donor eggs, an exhaustive screening procedure for egg donors, comprehensive knowledge on egg donation and the process of cryopreservation, a simplified and inclusive patient journey, and success rates equivalent to utilizing fresh eggs.
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How Are the Key Segments of the Egg Freezing And Embryo Banking Market Driving Opportunities and Innovations?
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
Which Geographical Regions Are Pioneering 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.
What Are the Key Characteristics That Define the Egg Freezing And Embryo Banking Market?
Egg freezing and embryo banking refer to assisted reproductive technologies that allow people to preserve their fertility for future use. Egg freezing or embryo banking is useful for people to preserve their fertility at their current age and try to become parents when they are ready.
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