October 12, 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, global egg donation market is expected to register significant gains during 2021-2027.
Increasing concerns related to infertility, escalating consumer demand, and rising focus of companies towards technological advancements are boosting the expansion of global egg donation market.
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In addition, surging cognizance about advanced reproductive technologies and effective strategies undertaken by key players to expand their reach and improve their product offerings are augmenting industry outlook.
On the contrary, high costs associated with fertility procedures and rigid regulations involving egg donation in some countries are likely to slow down industry progression in the ensuing years. The Coronavirus pandemic had also resulted in a shortage of egg donors as the people were fearing virus exposure, which in turn has hampered global egg donation market growth. Recovering economic conditions and easing lockdowns could provide lucrative revenue generating avenues for the industry participants in the ensuing years.
Based on type, the report cites that the fresh segment is anticipated to garner substantial returns during 2021-2027. This can be credited to the fact that fresh egg donation is a traditional process and is known to have a very high success rate.
In terms of service provider, the others segment, comprising of IVF centers and research labs, is slated to expand considerably during the assessment timeframe, attributable to increasing R&D activities and advancements in assisted reproductive technologies (ART).
Considering the regional terrain, Europe captured 45% of the overall market share in 2020 and is projected to amass notable gains during 2021-2027, primarily due to affordability of these procedures, availability of various healthcare settings, and favorable policies and regulations in many nations across the region.
Key players operating in global egg donation market are Boston IVF, Bourn Hall Ltd., Aevitus Fertility Clinic, Cape Fertility Clinic, Medfem Fertility Clinic, TRIO Fertility, Chennai Fertility Center and Research Institute, Morpheus Life Sciences Pvt. Ltd., Southend Fertility & IVF Centre, Monash IVF Group, Flinders Reproductive Medicine Pty Ltd., and Virtus Health Limited.