Egg Freezing and Embryo Banking Market Size, Share and Trends 2024 to 2034

Egg Freezing and Embryo Banking Market Size and Forecast 2024 to 2034

The global egg freezing and embryo banking market size accounted for USD 5.41 billion in 2024 and is anticipated to be worth around USD 25.63 billion by 2034, registering at a double-digit CAGR of 16.83% from 2024 to 2034. The increasing cases of infertility cases, late pregnancies, and other lifestyle factors are contributing to the growth of the market.

Egg Freezing and Embryo Banking Market Key Takeaways

• Europe dominated the egg freezing and embryo banking market with the largest market share of 36% in 2023.
• Asia Pacific is expected to expand at a double-digit CAGR of 17.62% during the forecast period.
• By type, the nondonor segment has held the major market share of 55% in 2023.
• By type, the donor segment will gain a significant share of the market over the studied period.
• By preservation, the embryo freezing segment accounted for the highest market share of 73% in 2023.
• By preservation, the egg-freezing segment is predicted to witness significant growth in the market over the forecast period.
• By age of the patient, the under-35 segment recorded more than 34% of the market share in 2023.
• By age of the patient, the 35-37 segment is expected to a substantial growth in the market during the predicted period.

Europe Egg Freezing and Embryo Banking Market Size and Growth 2024 to 2034

The Europe egg freezing and embryo banking market size is exhibited at USD 5.41 billion in 2024 and is projected to surpass around USD 25.63 billion by 2034, growing at a CAGR of 16.83% from 2024 to 2034.

Europe dominated the egg freezing and embryo banking market in 2023. The growth of the market is attributed to the rising cases of infertility and the rising preference for late pregnancy in women is driving the growth of the market. The rising urbanization, poor eating and sleeping habits, and rising consumption of canned food due to poor environmental conditions are severally affecting women’s health, impacting the fertility rate, and rising consumption of alcohol and smoking are collectively causing the fertility issues which collectively driving the growth of the egg freezing and embryo banking market in the region.

• There are 17% of the overall European population, which is about 25 million people, are estimated to suffer from infertility. Approximately 1 in 6 couples of reproductive age are facing conceiving problems.
• IVF has been the leading method of medically assisted reproduction for 40 years and has led to more than 10 million births of children globally.
• In Europe, around 25.1% of life births are via IVF cycles in women under the age of 34 and 7.8% of life births per IVF in women aged over 40. Approximately 1 million IVF cycles are performed per year in Europe.
• As per the HFEA, the average cost of egg freezing in the UK is £3,350, with medication being an added £500-£1,500. The storage cost will be extra, which will tend to be £125 to £350 per year.
• The average cost of thawing eggs and transferring them to the womb is £2,500. So, the overall cost of egg freezing and thawing is an average of £7,000-£8,000.

Asia Pacific is expecting the fastest growth during the forecast period. The growth of the market is attributed to the rising population, and the shifting lifestyle preferences are causing health issues. The rising economic burden, job security, high cost of living, inflation, and other factors are driving people towards late pregnancies and childbirth. The rising infertility issues in leading countries like India and China due to rising consumption of smoking and alcohol are collectively driving the growth of the egg freezing and embryo banking market across the region.

• The current success rate of egg freezing or achieving pregnancy through frozen eggs is 10% to 25% per cycle, which totally depends upon the individual.
• According to the American Society of Reproductive Medicine (ASRM), there is a 90% and 97% success rate of egg freezing after thawing and vitrification. There is 75% of the total success rate of fertilization.

Market Overview

Embryo freezing or banking is also known as the cryopreservation. Egg freezing or embryo banking is the emerging field of healthcare that helps people who are suffering from late pregnancy and other fertility-related issues. The embryo is the egg, which is fertilized by sperm. Embryo banking is the process of storing or freezing embryos for further use. The process is a great solution for people who are looking to conceive a pregnancy, have fertility issues, and reproduce. Embryo freezing is normally done when the people getting the treatment try to get pregnant; during this treatment, fertilization occurs in eggs with sperm, which sometimes creates extra embryos that can be frozen for later use.

Egg Freezing and Embryo Banking Market Trends

• According to the latest report by the WHO, approximately 1 in 6 people worldwide is affected by infertility issues, which is around 17.5% of the total adult population experiencing serious infertility, which drives the demand for high-quality and affordable fertility care.

How Can AI Impact the Egg Freezing and Embryo Banking Market?

Artificial intelligence is revolutionizing the healthcare or medical field with its great enhancement in technology. The integration of AI in IVF and egg-freezing technology is significantly impacting the overall process with greater precision and advancements. AI in egg freezing and IVF is transforming fertility treatment by enabling a personalized approach for aspiring parents and increasing success rates. The AI helps IVF clinics with its enhanced algorithms, which provide valuable insights by identifying patterns from the vast amount of patient data, including genetic profiles, medical records, and lifestyle. All these data create valuable insights and help clinicians to make personalized treatment plans for the patients.

• In October 2024, Cook Medical, based in Bloomington, Indiana, U.S., launched the NestVT vitrification device for in-vitro fertilization (IVF). The NestVT is the secure solution for oocytes and embryos during vitrification.

Egg Freezing and Embryo Banking Market Growth Factors

• Rising awareness: Rising awareness about egg-freezing technologies and rising tendencies to childbirth late due to socioeconomic factors are driving the demand for the egg freezing and embryo banking market.
• Increasing infertility rate: The increasing infertility rate due to changing lifestyle preferences, rising sedentary lifestyle, poor eating, and sleeping habits, and rising consumption of alcohol and smoking cause severe effects on the human body, which creates the rising infertility rate. Rising awareness about egg-freezing technologies and rising tendencies to have childbirth late due to socioeconomic.
• Increasing urbanization: The rising urbanization across the countries, changing lifestyles, busy work schedules, lower physical activities, heavy pollution due to vehicles and factories, and other issues are causing the increase in infertility rate.
• Rising preference in late parenting: The rising preference in the population towards delayed pregnancy due to economic instability, carrier orientation, health issues, and other personal reasons is driving the population towards late parenting, which drives the demand for egg freezing and the embryo banking market.
• Technological advancement in medical science: The rising technological advancement in medical science and affordability in the treatment or egg freezing process is accelerating the expansion of the egg freezing and embryo banking market.

Market Scope

Market Dynamics

Driver

Increasing socioeconomic factors are causing late pregnancies in couples

The rising infertility rate among the population is one of the leading factors in the growth of the egg-freezing and embryo-banking market. The rising acceptance by women or families for choosing late pregnancies due to various personal and social issues such as rising economic burden, health concerns, job security, rising inflation rate, unaffordability in housing, and several other reasons stopping people from the conception of childbirth. Egg freezing allows women to preserve their fertility via the egg freezing process despite aging factors and ineffective treatment of fertility at older ages. Additionally, the rising carrier orientation in women is one of the causes of late pregnancies and is contributing to the egg freezing and embryo banking market.

Restraint

Undefined success rate

The success rate of egg freezing and embryo banking is undefined. The success of egg freezing depends upon the woman’s age at the time of egg freezing, the number of eggs thawed and retrieved, and others. Additionally, the lowered rate of pregnancies via egg freezing, in-process damaging the embryos or eggs, are collectively limiting the adoption of the egg freezing and embryo banking market.

Opportunity

Advancements in egg freezing and embryo banking

The technological advancements in egg freezing, such as oocyte vitrification, help reduce the ice crystals that lead to damaging embryo cells, and the techniques help extend the survival rate of the embryos and eggs. Cryotec is an enhanced technology that helps produce an almost 100% survival rate of eggs. Furthermore, the rising research on technological advancements in medical science and the field of IVF and embryo banking is driving opportunities for growth in the egg freezing and embryo banking market.

Type Insights

The nondonor segment dominated the egg freezing and embryo banking market in 2023. The rising preference in women to have their eggs for fertilization is driving the demand for the nondonor type of egg freezing and embryo banking. Women of lower ages have high-quality eggs and increased chances of egg or embryo survival.

The donor segment will gain a significant share of the market over the studied period of 2023 to 2034. The rising preference for the donor type of egg freezing and embryo banking by the increased aged women due to the lower chances of success rate own egg due to infertility issues, aging factors, and others.

Preservation Insights

The embryo freezing segment registered its dominance over the market in 2023. Embryo banking is multiple IVF retrieval before going further with an embryo transfer. It is the process that allows the patient to bank their embryos before starting the IVF process. Embryo freezing is a great alternative for people who are looking for delayed pregnancies. Embryo freezing helps preserve fertility, delay pregnancy, treat infertility, reduce the risk of fetal pregnancy, and increase confidence.

The egg-freezing segment is predicted to witness significant growth in the market over the forecast period. Egg freezing is the process in which women’s eggs are stored, frozen, and extracted to preserve reproductive potential at reproductive age in women. There are several benefits associated with egg freezing, including it helps in preserving fertility and age-related infertility and helps working women plan pregnancy and fertility after chronic illnesses like cancer treatment.

Age of Patient Insights

The under-35 segment held a dominant presence in the egg freezing and embryo banking market in 2023. The rising acceptance of egg freezing and embryo banking to preserve their fertility or eggs is driving the growth of the segment. The age under 35 years have a higher chance of success in the fertilization of eggs. Due to the low age, the quality of the eggs is higher, and the success rate of the fertility of eggs is higher.

The 35-37 segment is expected to have substantial growth in the market during the predicted period. The rising preference for adopting egg freezing and embryo banking by women in the age of 35-37 is due to the rising age threat of being infertile by the increasing age. The women at this age are preserving their eggs for further use despite the threat of being infertile.

Egg Freezing and Embryo Banking Market Companies

• ReproTech LLC
• Cryos International
• CCRM Fertility
• RMA Network
• Carrot Fertility
• WINFertility
• Columbia University
• Shady Grove Fertility
• Kindbody

Recent Developments

• In September 2024, Carrot Fertility, a leading player in global fertility and family-building platforms, launched CarrotMatch, a maternity-focused provider matching platform. It is the platform that enables care from the maternity to menopause, and pre-pregnancy through parenting. 
• In May 2024, the Hampshire-based When it comes to handling and storing frozen eggs and embryos, Complete Fertility is the first clinic in the South to acquire a TMRW CryoRobot Select, an automated platform. Through the reduction of manual processes, the new technology allows the lab staff to increase storage capacity and continuously monitor storage conditions thousands of times a day. When considering or undergoing fertility treatment and storage, this will provide patients the comfort they need. 

Segments Covered in the Report

By Type

• Donor
• Non-donor

By Preservation

• Egg Freezing
• Embryo Freezing

By Age of Patient

• Under 35
• 35-37
• 38-40
• Over 42

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa