Egg Donation Market worth over $5.5bn by 2027
Published Date: July 13, 2021 Authors: Sumant Ugalmugle, Rupali Swain
Egg Donation Market size is set to surpass USD 5.5 billion by 2027, according to a new research report by Global Market Insights Inc.
Growing incidence of infertility and rising awareness about oocyte donations are the factors augmenting to the market growth. Increasing consumption of alcohol, rise in cigarette-smoking, high incidence of obesity, and rising level of stress are the factors responsible for infertility. Thus, with growing fertility problems coupled with relaxation in egg donation norms will significantly surge oocyte donation in future.
Rising success rate of IVF procedures is stimulating the egg donation market value. Increasing technological advancements in the field of reproduction is opening new avenues for the infertile individuals in the form of oocyte donation. Moreover, these advances have enabled same sex coupled to have children. In addition, growth owing to rising number of IVF clinics and increase in disposable income will further contribute to the market expansion during the forecast period.
The COVID-19 pandemic has negatively affected the overall market as egg donation process requires continuous support during all the stages involved in process. Strict safety norms and operational barriers are the factors have refrained many coupled to undergo egg donation procedure. However, with the availability of vaccines and decline in infection cases, fertility clinics in the major economies are witnessing surge in patients and the demand for egg donation is resuming at considerable pace.
Advances in thawing and effective freezing of eggs are contributing to the market progression
The frozen egg segment held more than 30% of revenue share in 2020. Significant improvement in thawing process and freezing process are impelling the segment size. In frozen egg donation process, treatment cycle can be scheduled at the recipient’s convenience and egg donors are fully screened. Frozen egg donation generally costs lower as compared to fresh donor cycle. Thus, increasing cost of fresh eggs and time saving procedures of frozen eggs are the factors adding to the industry growth.
Browse key industry insights spread across 100 pages with 141 market data tables & 11 figures & charts from the report, “Egg donation Market Size By Type (Fresh, Frozen), By Service Provider (Hospitals, Fertility Clinics), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Availability of advanced treatment options and amenities in hospitals will influence the segment growth
Hospitals segment accounted for 25% of the egg donation market share in 2020. Increasing number of innovative reproductive services and availability of superior equipment in hospitals drive patient preference. Growing patient visits and admission for diagnosis and treatment pertaining to infertility problems further increase the procedural adoption. Additionally, presence of expertise in hospitals will increase the patient preference, thereby impacting the segment revenue.
Favorable government policies in the Europe will propelthe market revenue
Europe egg donation market is estimated to register growth of 15.7% through 2027. Increasing incidence of infertility and availability of advanced treatment options in the region are factors contributing to the growth of the market. Moreover, favorable government norms in major economies in Europe coupled with increasing affordability are the factors adding to the industry expansion.
Fortification of service offerings will spur the market demand
Some of the notable companies operating in the market are Southend Fertility and IVF, Donor Concierge, Bourn Hall Fertility Center, Donor Concierge, Morpheus Life Sciences Pvt. Ltd., among several others. These participants are involved in advancing their clinic’s facilities and are enhancing customer experience by technological advancements.