Egg Freezing And Embryo Banking Market To Reach $13.8 Billion By 2030

Egg Freezing And Embryo Banking Market Growth & Trends

The global egg freezing and embryo banking market size is expected to reach USD 13.8 billion by 2030, based on a new report by Grand View Research, Inc., exhibiting a CAGR of 16.80% during the forecast period. The market for egg freezing and embryo banking is projected to experience significant growth due to advancements in medical technology and improvements in the egg-freezing process that have made it a more reliable and viable option. As fertility treatment success improves, more women consider egg freezing for fertility preservation.

Egg freezing and embryo banking offer various benefits such as reproductive flexibility, extended family planning, and medical adaptability. These advantages enhance family planning options, reduce time pressure on family-building decisions, and boost emotional well-being, driving market growth. In May 2022, a study published by NYU Grossman School of Medicine and NYU Langone Fertility Center demonstrated a 70% success rate in having a child for women who froze eggs before 38 years of age and thawed at least 20 eggs, spanning 15 years of real-life outcomes. With 211 babies born, these findings underscore the efficacy of egg-freezing technology, highlighting its importance in enhancing reproductive success.

As awareness grows and technology improves further, the market is projected to expand in the coming years. The surging demand for egg freezing and embryo banking, combined with strategic partnerships among major players, is propelling significant growth in the market, enriching healthcare options for those in need.

For instance, in April 2023, CCRM Fertility, a global leader in fertility treatment and research, announced its acquisition of The New Hope Center for Reproductive Medicine, a fertility clinic based in Virginia Beach, Virginia. This expansion broadens CCRM Fertility's presence on the East Coast of the U.S., facilitating easier access to innovative fertility treatments, comprehensive testing, advanced laboratories, and in-house genetics and research. The development is poised to contribute to the advancement of fertility care and treatment options.

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Egg Freezing And Embryo Banking Market Report Highlights

• Based on type, the segments included are donor and nondonor. The nondonor segment held the larger revenue share of over 53% in 2022, due to its inclusion of procedures involving women's own eggs, which generally comprise the majority of fertility preservation cases

• In terms of preservation, the market is categorized into egg freezing and embryo freezing. The embryo freezing segment held the largest revenue share of 71.8% in 2022 due to several factors. Egg freezing offers women the flexibility to preserve their fertility potential for a longer period, especially as a response to career priorities or medical concerns

• Based on the age of patients, the segment is categorized as under 35, 35-37, 38-40, and over 42. The segment over 35 tends to have a higher inclination towards egg freezing. This age range typically represents women who are approaching their late 30s and early 40s, a time when fertility starts to decline more rapidly

• Europe dominated the market and accounted for the maximum revenue share of over 36% in 2022. This can be primarily attributed to the well-established presence and contribution of the region in the field of assisted reproduction technology

Egg Freezing And Embryo Banking Market Segmentation

Grand View Research has segmented the global egg freezing and embryo banking market on the basis of type, preservation, age of patient, and region:

Egg Freezing And Embryo Banking Type Outlook(Revenue, USD Million, 2018 - 2030)

• Donor

• Nondonor

Egg Freezing And Embryo Banking Preservation Outlook(Revenue, USD Million, 2018 - 2030)

• Egg freezing

• Embryo freezing

Egg Freezing And Embryo Banking Age of Patient Outlook(Revenue, USD Million, 2018 - 2030)

• Under 35

• 35-37

• 38-40

• Over 42

Egg Freezing And Embryo Banking Regional Outlook(Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

  • Sweden

  • Norway

  • Denmark

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait 

List of Key Players in the Egg Freezing And Embryo Banking Market

• ReproTech LLC

• Cryos International

• CCRM Fertility

• RMA Network

• Carrot Fertility

• WINFertility

• Columbia University

• Shady Grove Fertility

• Kindbody