December 07, 2021
According to the research report titled ‘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’, available with MarketStudyReport, egg donation market is anticipated to record a strong y-o-y growth rate during 2021-2027.
Growing concerns related to infertility, increasing awareness regarding advanced reproductive technologies, and expanding network of fertility centers & egg banks across the world are the major growth catalysts for egg donation market.
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Following the COVID-19 outbreak, the market saw a declining trend due to the fear of exposure to the virus. However, successful vaccination campaigns around the world have enabled the industry to regain its pre-COVID scenario of upsizing.
Other challenges that are prevailing in the business sphere are dearly cost of fertility processes, in consort with strict regulatory framework in some countries regarding the egg donation procedure.
In terms of type, the fresh sub-segment of egg donation industry is anticipated to grow significantly through 2027, due to reliability of this traditional procedure, backed by high success rate.
On the basis of service provider, the others segment share, including IVF centers and research labs, is likely to expand rapidly to amass notable returns by the end of 2027. The expansion is attributed to increasing R&D activities, and advancements in ART (assisted reproductive technologies).
From the regional perspective, Europe accounted for over 45% of market revenue share in 2020 and is expected to register a significant CAGR during the forecast period. Factors like low pricing, presence of a variety of settings, and favorable laws in several European nations would promote regional market growth in the coming years.
The key players in worldwide egg donation market are Boston IVF, Bourn Hall International, Aevitas Fertility Clinic, Cape Fertility Clinic, Medfem Fertility Clinic, Chennai Fertility Center, TRIO Fertility, Morpheus Life Sciences Pvt. Ltd., Southend Fertility & IVF, Monash IVF Group, Flinders Reproductive Medicine Pty Ltd., and Virtus Health Ltd.