Egg Freezing and Embryo Banking Market Trends

Egg Freezing and Embryo Banking Market Trends

•   The market is expected to grow significantly due to changing social, technological and medical factors. Due to increasing number of women who are delaying childbirth for education, professional or personal reasons, the need for fertility preservation services is increasing.
   
•  Additionally, adoption of fertility preservation is also being propelled for medical reasons. There is a noticeable increase in the number of women who are using these services who are undergoing treatments such as chemotherapy where reproductive health can be compromised. The knowledge about fertility preservation services is widening, as is the desirability of egg freezing and embryo banking. For example, Statista has shown that breast cancer is the most common type of cancer in females in 2022, roughly 48 women are estimated to suffer from it in every 100,000 populations of the world.
   
•  This growth is also heavily reliant on the leaps made in technology regarding cryopreservation. These advances in vitrification techniques have greatly increased the rate of success for freezing and thawing of eggs and embryos, resulting in significantly improved preservation results and chances of pregnancy.
   
•   Choosing embryos on the basis of their viability through AI technology has become a powerful tool for IVF patients. It is believed that AI-based methods for selecting embryos improve implantation rates by more than 30%, which makes the entire procedure more efficient. In addition, genomic and proteomic tests improve the quality of embryos selected for freezing which increases the chances of success.
   
•   Apart from the medical reasons, egg freezing is becoming popular due to lifestyle changes. Social egg freezing has become an option for many women wish to concentrate on their work or other areas of their lives without losing their fertility.
   
•  This is most common in big cities where women in the workforce are delaying childbirth. In response to this trend, large companies are starting to offer egg freezing as part of their employee healthcare benefits. It also sets a good precedent towards the encouragement of fertility preservation. Such corporate initiatives are needed to further the development in this direction.