A three-pronged approach was followed for deducing the sperm bank market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for sperm bank market to gather the most reliable and current information possible.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of sperm bank market data depending on the type of information we’re trying to uncover in our research.
Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
The sperm bank market was categorized into four segments, namely donor type (Known Donor, Anonymous donor), service type (Sperm storage, Semen analysis, Genetic consultation), fertilization techniques (Donor insemination, In vitro fertilization), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).
The sperm bank market was segmented into donor type, service type, fertilization techniques, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.
Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.
The sperm bank market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-two countries, namely, the U.S.; Canada; the UK.; Germany; France; Italy; Spain; Denmark; Sweden; Norway; China; Japan; India; Australia; South Korea; Thailand; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE.
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
The sperm bank market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
Fairfax Cryobank, Inc. is the cryopreservation division of the Genetics & IVF Institute in Virginia. The Genetics & IVF Institute is a clinical and laboratory facility that offers outpatient services in the fields of human genetics and infertility. The institute is a pioneer in the field of cryobiology and developed the first frozen human embryo twins in the United States. The center has been storing long-term embryo specimens. It initially offered anonymous frozen donor semen to the patients at the Genetics & IVF Institute. However, Fairfax Cryobank, Inc. now provides specimens outside the institute due to constant requests from physicians for specimens in their own practices. The center caters to university medical centers and physicians in 50 states and internationally as well.
Cryos-Save AG is one of the largest sperm banks with over 25 years of expertise in sperm banking. The sperm bank consists of more than 500 donors. The Guinness Book of Records has documented Cryos as the largest sperm donor base globally. Cryos delivers its services to more than 80 countries in the world and offers a wide range of donors & free access to the online donor search. It has also been successful in achieving the highest number of registered donor sperm pregnancies globally.
Androcryos specializes in the secure storage of human biological materials related to fertility treatment. Androcryos was the first in South Africa to offer a sperm donor program along with an andrology laboratory. It also performs artificial insemination on demand by medical practitioners, private individuals, or couples. The four groups of clients associated with this cryogenic depository include sperm donors, artificial insemination recipients, sperm preservation candidates, and fertility specialists.
The New England Cryogenic Center is located in Massachusetts, United States. The center is dedicated to serving the medical community and thousands of people in the field of fertility. The center provides a wide range of cryopreservation and fertility services. It is a large full-service cryogenics lab that offers various services such as sperm banking, embryo storage, cryogenic storage & shipping, umbilical cord blood preservation, and donor selection. It is one of the leaders in cryogenic storage with 385,000 samples stored at its facility. It also offers storage of embryos, oocytes, testicular tissues, ovarian tissues, stem cells, dental pulp stem cells, and other tissues. New England Cell Repository (NECR) is a division of the New England Cryogenic Center and focuses on the long-term storage of human tissues and cells.
Indian Spermtech is a sperm bank and research institute based in Gujarat, India. The assisted reproductive technology of the institute provides infertile couples and individuals comprehensive support. It offers various infertility services, such as semen analysis, semen wash, sperm morphology examination, survival test, and others.
The European Sperm Bank is a privately held company that specializes in high-quality sperm and donor testing services. The donor sperm of the bank is exported to more than 50 countries and this sperm bank has been successful in helping more than 10,000 families grow. They assist the recipients in the selection of an appropriate donor with their expertise and knowledge. The company believes in delivering only the highest quality of donor sperm called MOT20+, where MOT is the abbreviation for “Motile Total,” which is used to express the number of sperm moving forward.
Seattle Sperm Bank, based in Washington, offers individuals and couples the facility of choosing donors. The sperm bank strictly abides by the FDA and state regulations for sperm banks. The donor sperms are screened for HIV, Hepatitis, Syphilis, Gonorrhea, Chlamydia, and others. It has clinics located at Alaska, California, Colorado, Florida, Georgia, Indiana, Massachusetts, and Kansas. Seattle Sperm Bank exports to Europe, Canada, Asia, Africa, Australia, and South America. It is a reproductive laboratory accredited by the American Association of Tissue Banks (AATB) and is certified to distribute to 50 different states within the U.S.
Xytex Corporation is a provider of semen to medical professionals and patients worldwide. Xytex is a certified company and complies with ISO 9001:2008. They operate under the authority of the U.S. Federal government and the governments of California, Maryland, Georgia, and New York. The semen provided by Xytex meets the required standards and consists of 25 million motile sperm per milliliter for insemination. In addition, it has a clinical diagnostic laboratory that screens and tests for genetic diseases and infections, as directed by the government authorities.
London Sperm Bank is one of the leading providers of donor sperm in the UK. It consists of around 10,000 vials in storage. The London Women’s Clinic and the Bridge Centre are fertility centers and are part of the London Sperm Bank group. These fertility centers have a wide range of sperm samples to cater to a broad range of patients. The London Women’s Clinics present in London, North-East, and South Wales, utilize donor sperms in around 1,000 cycles each year.
Supply Side Estimates
Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis
Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.
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