Egg Donation Market By Regional Statistics, CAGR, Trend & Growth Forecast To 2027
On this note, the Egg Donation Market size is estimated to surpass USD 5.5 billion by 2027, as per the latest study by Global Market Insights Inc.
The egg donation industry is gaining traction worldwide led by the increasing pervasiveness of infertility and ongoing advances in assisted reproductive technology (ART). Egg donation procedures, also known as oocyte donation, are witnessing demand in preventive and therapeutic medicine due to increasing awareness about these services.
The global demographic shift in the working population has led to an increase in the average childbearing age as majority of women are favoring late pregnancies. This has been a leading cause of fertility issues among women since age significantly affects fertility. Increased concern about reproductive planning is accelerating the adoption of ARTs worldwide.
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The global egg donation market size hit the US$1 billion mark in 2020 and should witness a CAGR of 19.4% through 2027, powered by the growing number of ART clinics offering egg donation services. Highlighted below are some of the trends and developments that the industry will witness in the next few years.
Continuous innovations in ART
Ongoing advances in assisted reproductive technologies is augmenting their demand and acceptance across the world. Recent developments in the field have also enhanced the success rate of these procedures. ARTs such as egg donation are helping millions of couples globally have children at the desired age. The cryopreservation of donor eggs is also assisting homosexual couples to have children. Further innovations in ART, its legalization in several countries, and the widespread occurrence of age-related and lifestyle-related infertility will propel the egg donation industry forward.
Demand for fresh egg donations
Globally, the number of assisted reproductive procedures involving fresh donor oocyte cycles is on the rise. Increased consumer awareness towards the benefits of these procedures is driving their demand in the market. Fresh donor cycles are known to offer higher success rate which is why they are commonly used and performed. Even though they are costly, more and more consumers are preferring fresh egg donation as the chances of live birth are higher.
In 2020, the market for fresh egg donation captured over 67.7% revenue share and will certainly expand in the coming years.
Rising number of fertility clinics
The number of fertility clinics providing assisted reproductive services has increased tenfold over the years. Developing economies, in particularly, are constantly witnessing the emergency of new clinics. ART clinics are focusing on broadening and improving their infrastructure as the demand and popularity of ARTs increase. These clinics will certainly benefit from the changing regulator scenario and growing acceptance of assisted reproductive procedures.
Reports estimate that the egg donation industry size from fertility clinics could expand at a 19.7% CAGR over 2021-2027.
Increasing awareness in Asia Pacific
The occurrence of age-related and lifestyle-associated fertility problems has surged rapidly in Asia Pacific countries. Rise in the number of women working in the workforce and poor lifestyle choices are major reasons behind this. Public awareness regarding the different assisted reproduction and IVF production is gradually rising. An improving healthcare infrastructure and increased disposable income levels indicate that egg donation services will certainly be in demand in the region. The egg donation market in Asia Pacific will record monumental growth over the next few years.
Worldwide, Boston IVF, Nova IVF Fertility, Morpheus Life Sciences Pt. Ltd. and IVIRMA Global are among the established names in the business. These companies have faced various new challenges since the outbreak of the COVID-19 pandemic, which has impacted the operability of fertility and ART clinics.
However, with gradual improvements in the COVID-19 crisis situation, ART services are expected to resume at the usual levels. Companies are actively investing in improving their infrastructure and expanding their service portfolio to gain a stronger foothold in the market. Despite the impacts caused by the pandemic, the global egg donation industry will experience an upward growth during 2021-2027.
Partial Table of Contents (ToC) of the report:
Chapter 4 Egg Donation Market, By Type
4.1 Key segment trends
4.2.1 Market size, by region, 2016 – 2027 (USD Million)
4.3.1 Market size, by region, 2016 – 2027 (USD Million)
Chapter 5 Egg Donation Market, By Service Provider
5.1 Key segment trends
5.2.1 Market size, by region, 2016 – 2027 (USD Million)
5.3 Fertility clinics
5.3.1 Market size, by region, 2016 – 2027 (USD Million)
5.4.1 Market size, by region, 2016 – 2027 (USD Million)
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