Egg Donation Market size is anticipated to surpass USD 6 billion by 2032, according to a new research report by Global Market Insights Inc.
Growing public awareness regarding the latest reproductive technologies will drive egg donation market gain. The demand for alternative reproductive techniques is steadily gaining grip due to the introduction of new healthcare technologies that offer effective outcomes. In order to offer easy access to IVF specialists, several fertility clinics are building platforms that include IVF knowledge bases and provide supported services. However, some nations have put restrictions on or banned commercial surrogacy due to ethical concerns around egg donation. Cultural and ethical issues may prevent the use of such techniques, hence limiting the expansion of the egg donation industry.
Increased usage of frozen eggs to expand the number of egg banks
The frozen egg donation industry had the highest revenue share of about USD 2 billion in 2022 and is anticipated to expand significantly over the forecast period. The number of egg banks in both established and emerging regions has grown in recent years to effectively store frozen eggs. Compared to fresh eggs, frozen eggs showcase advantages like shorter preparation times and lower costs. The benefit of using the frozen egg method for conceiving is therefore gaining consumer attention, which should increase its demand in the coming years.
Browse key industry insights spread across 123 pages with 109 market data tables & 13 figures & charts from the report, “Egg Donation Market Size By Type (Fresh, Frozen), By Service Provider (Hospitals, Fertility Clinics), Regional Outlook, Industry Analysis Report, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” In detail along with the table of contents:
Use of advance reproductive technology across hospitals
The egg donation market from the hospitals segment is expected to record a 5.9% CAGR between 2023 to 2032. The availability of cutting-edge reproductive services and high-end technology has encouraged patients to opt for hospital treatments for infertility. An increase in patient visits and admissions for infertility-related diagnosis and treatment should lead to expansion in egg donation services and infrastructure, which in turn will speed up segment outlook.
Rising cases of infertility across North America
North America region accounted for over 31% share of the global egg donation market in 2022. The region has witnessed a decline in the fertility rate in recent years. According to a CDC report, about 1 in 5 (19%) of heterosexual women aged between 15 to 49 years in the U.S. are unable to get pregnant after one year of trying. Improvement in the regulatory environment and the well-developed healthcare infrastructure are the main factors that could drive the use of egg donation services in the region. Rising consumer knowledge of advanced reproductive technology and high spending capacity on expensive procedures should facilitate this revenue.
Strategic expansion efforts to boost egg donation industry expansion
Some of the leading companies in the global egg donation industry include Flinders Reproductive Medicine Pty Ltd, Virtus Health, Monash IVF Group, Morpheus Life Sciences Pvt. Ltd, Chennai Fertility Center, Medfem Fertility Clinic, TRIO Fertility, The Cape Fertility Clinic, Bourn Hall International, Aevitus Fertility Clinic, and Boston IVF.