Global Egg Donation Market Size to grow by USD 5.8 billion in 2030.

Press Release

The egg donation market was valued at US$ 1.3 Bn in 2021 and is projected to reach US$ 5.8 Bn by 2030, at a CAGR of 10.1%.

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The global egg donation market is expected to develop significantly throughout the forecast period, owing to an increase in the rate of infertility, an increase in the trend of delayed pregnancies, rising IVF success rates, and an increase in disposable income internationally. However, the market's growth is hampered by high costs, problems connected with IVF therapy, and a lack of awareness of IVF in several developing countries. During the projection period, however, an increase in fertility tourism, an increase in the number of reproductive clinics, and growth prospects in emerging markets are likely to pave the way for market development.

Healthcare practitioners all across the world are increasingly turning to next-generation DNA sequencing technologies to improve the success rates of various fertility-related operations. In the next years, this feature is expected to result into profitable opportunities for participants in the worldwide egg donation industry. Aside from that, the industry is projected to benefit from the existence of various rules in many countries governing ethical practises and safety during IVF and other infertility treatment processes.

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Similarly, throughout the projection period, the egg donation market is expected to grow due to an increase in the number of fertility clinics and IVF centres, as well as delayed weddings and increased government initiatives to raise awareness. Over the projected period, the rise in medical tourism around the world, as well as the growing trend of egg banking among women, would boost the expansion of the donor egg IVF market. Various governments are enticing women to donate their eggs by offering tempting incentives.

The frozen segment accounted largest market share in 2020 due to the growing use of frozen eggs, which offers advantages such as saving time and money, has influenced the segment's rise. According to the Society for Assisted Reproductive Technology (SART), the number of frozen egg cycles thawed in 2018 was higher than the number of fresh donor egg cycles. The fertility clinics segment accounted largest market share in 2020 due to the growing network of fertility centres to address the growing concern about infertility Clinicians can cut procedure time by collaborating with these specialty clinics and egg banks.

North America is expected to dominate the market share of global egg donation market owing to increased awareness of modern reproductive technologies and increased spending power on high-cost treatments will propel the North American market forward. The aforementioned variables have also contributed to an increase in the number of fertility operations performed in the region. Furthermore, regional growth will be aided by the establishment of IVF facilities and diagnostic clinics throughout the region.

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KEY INDUSTRY DEVELOPMENTS:

February 2021- Virtus Health has collaborated with CooperSurgical to improve digital platforms for reproductive services. This will allow firm to integrate innovative technologies in fertility treatments.

September 2019- Monash IVF Group acquired Fertility Solutions to offer business and service expansion opportunities to the company.

Read More Details On This Report: https://extrapolate.com/Healthcare-Medical-Devices-Biotechnology/egg-donation-market/25797