Moving Upstream: Sperm Banks in the US Industry Market Research Report Now Available from IBISWorld

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The Sperm Banks industry has expanded during the past five years. Increased interest in assisted reproductive technology (ART) has driven revenue higher as more people have sought alternative ways to have children. However, the recession did result in fewer clients, as consumers pulled back on their spending and avoided large expenses like having children. Industry revenue is expected to increase 7.1% in 2012, as more potential clients find specific matches and are more comfortable having children amid brightening economic conditions. In the next five years, sperm banks will benefit from the growing acceptance of ART and more potential parents will seek out industry services to find genetic traits that they are seeking. For this reason, industry research firm IBISWorld has added a report on the Sperm Banks industry to its growing industry report collection.

IBISWorld Market Research

IBISWorld Market Research

More clients will invest in assisted reproductive technologies, spurring demand

The Sperm Banks industry has expanded during the past five years. Industry revenue is expected to grow at an average annual rate of 2.4% to $320.9 million in the five years to 2012. Increased interest in assisted reproductive technology (ART) has driven revenue higher as more people have sought alternative ways to have children. However, the recession did result in fewer clients, as consumers pulled back on their spending and avoided large expenses like having children. According to industry analyst Justin Molavi, “many larger operators took advantage of the dip in demand by buying smaller firms to grow revenue.” In turn, the number of industry firms is expected to fall at an annualized rate of 6.2% to 72 in the five years to 2012. The economic recovery reversed the decline in demand, though, as disposable income rose and consumer sentiment grew.

Growing interest in the ability to choose the genetic traits of a potential child has also bolstered the industry. Potential clients are increasingly interested in having children that have specific traits or attributes. While the concept remains controversial, more parents are using this method to produce children that fit their specific needs. Molavi says, “this trend, coupled with economic growth, is expected to result in revenue growth during 2012.” Industry revenue is expected to increase 7.1% during the year, as more potential clients find specific matches and are more comfortable having children amid brightening economic conditions. Generally, sperm banks serve potential patients that are in or around the city or region that they are located. Nevertheless a few larger firms, such as California Cryobank and Fairfax Cryobank, have emerged as key players.

The next five years are set to be better for the Sperm Banks industry. Sperm banks will continue to benefit from the growing acceptance of ART and more potential parents will seek out industry services to find genetic traits that they are seeking. Economic growth will also bolster the industry, as more potential parents will have the financial resources to pay for a child. Firms will continue consolidating, as larger entities seek to benefit from increasing economies of scale. Because of these trends, industry revenue is expected to expand during the five years to 2017.

For more information visit IBISWorld’s Sperm Banks in the US industry page

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This industry includes facilities that collect and store sperm, primarily from sperm donors. Fertility clinics mainly use sperm banks for artificial insemination purposes.

IBISWorld industry Report Key Topics

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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Gavin Smith
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