Egg Freezing and Embryo Banking Revenue to Attain USD 21.93 Bn by 2033

29 Oct 2024

Share :

Table of Content

1. Egg Freezing and Embryo Banking Market Revenue and Trends 2. Market Overview 3. Report Highlights of the Egg Freezing and Embryo Banking Market 4. Egg Freezing and Embryo Banking Market Trends 5. Regional Outlook 6. Egg Freezing and Embryo Banking Market Coverage 7. Market News

Egg Freezing and Embryo Banking Market Revenue and Trends

The global egg freezing and embryo banking market revenue surpassed USD 5.41 billion in 2024 and is predicted to attain around USD 21.93 billion by 2033, growing at a CAGR of 16.83%. The rising health concern in women, which results in complications in fertility, causes the demand for egg freezing and embryo banking to maintain their reproductive potential, and may drive the growth of the market.

Market Overview

Egg freezing is the storing or harvesting of the women’s eggs and freezing them which is also known as the oocyte cryopreservation. The eggs can be frozen for the women who want to attempt pregnancy in further time through IVF (in-vitro fertilization). Freezing eggs nowadays has become life-changing for women who want to preserve their fertility in older age, it reduces the risk of not having children at an older age due to infertility issues.

Report Highlights of the Egg Freezing and Embryo Banking Market

• By type, the nondonor segment led the market in 2023. The growth of the market is attributed to the rising preference in women below the age of 35 years of having the fertilization of their own egg due to the higher chances of success due to the healthy quality of the egg.
• By type, the donor segment expects significant growth in the egg freezing and embryo banking market during the forecast period. The growth of the market is attributed to the demand for the donor type for egg freezing by women who are older and do not have the quality or number of eggs that drive the expansion of the segment.
• By preservation, the embryo freezing segment held the largest market growth in 2023. The rising preference for late pregnancies and childbirth due to various economic and personal factors is driving the adoption of embryo freezing.
• By preservation, the egg-freezing segment expected substantial growth in the market during the anticipated period. The rising awareness about the benefits associated with egg freezing provides flexibility for preserving fertility for a longer period. 
• By age of the patient, the under-35 segment dominated the egg freezing and embryo banking market  in 2023. The growth of the segment is attributed to the rising adoption of egg freezing with these age women due to their concern towards the declining fertility. 
• By age of the patient, the 35-37 segment is expected to have significant growth in the market during the predicted period. The growth of the segment is attributed to the adoption of egg freezing due to the declining quality of eggs and concern for infertility. 

Egg Freezing and Embryo Banking Market Trends

Rising preference towards late pregnancies

The increasing preferences in women and married couples for late pregnancies and having a child due to socio-economic factors such as unsettled lifestyle, health concerns, employment security, increasing living costs, housing prices, and others are driving the acceptance of egg freezing and embryo banking.

Benefits of egg freezing

The rising awareness about the benefits of embryo banking and egg freezing such as it helps in preserving fertility, egg freezing helps older women to preserve and protect their healthy eggs for fertility despite having the concern of growing age and late pregnancy. It helps in coping with the age-related infertility issues.

Technological advancement in healthcare

The integration of the technologies in healthcare and medical science to overcome the traditional barriers in healthcare in the population. The integration of smart technologies such as artificial intelligence, IoT, and others helps in providing valuable insights about patients.

Rapid advancement in IVF

The rapid evaluation of IVF in healthcare and the demand for the technology or the process in couples who are struggling with fertility issues, and the declining fertility rate in the urban areas due to unhealthy lifestyles are driving the demand for IVF centers, which are anticipated to enhance the growth of the egg freezing and embryo banking market. 

Regional Outlook

Europe dominated the egg freezing and embryo banking market in 2023. The growth of the market is attributed to the rising demand for egg freezing and embryo banking due to the higher availability of healthcare and reproduction technology. The regional government has more interference in the healthcare infrastructure and is continuously investing in technological adoption. The rising fertility concern among women due to unhealthy lifestyles, environmental conditions, and other economic factors is accelerating the growth of the market in the region. 

Asia Pacific is expecting the fastest growth during the forecast period. The growth of the market is expected to be remarkable due to the healthcare infrastructure, and people prefer late childbirth due to various factors. The rising disposable income and the unhealthy lifestyle are driving the number of infertility issues in couples, and the rapid growth of the IVF centers in the urban areas of the regional countries is driving the growth of the egg freezing and embryo banking market across the region.

Egg Freezing and Embryo Banking Market Coverage

Market News

• In March 2024, TMRW Life Sciences (TMRW), a leading platform in fertility technology introducing the new standards in IVF labs, launched the CryoLink, a specialized workstation facility designed for digital management of fertility clinics' frozen specimen inventory. The newly launched CryoLink offers the use of TMRW's Digital Specimen Management system with or without intervening TMRW's automated storage platforms.
• In January 2024, The Human Fertility and Embryology Authority (HFEA), launched the dashboard with the vision of world first, and allows those looking to undergo processes like ICSI and IVF, as well as researchers, to explore data from 1991 onwards with 665,690 patients. 

Market Segmentation

By Type

• Donor
• Non-donor

By Preservation

• Egg Freezing
• Embryo Freezing

By Age of Patient

• Under 35
• 35-37
• 38-40
• Over 42

Get this report to explore global market size, share, CAGR and trends, featuring detailed segmental analysis and an insightful competitive landscape overview@ https://www.precedenceresearch.com/checkout/5171

You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com | +1 804 441 9344