India Sperm Bank Market Outlook (2018 to 2032)
Synopsis
The above chart is India Sperm Bank Market Outlook (2018 to 2032)
Market Dynamics
the india sperm bank market outlook 2018 to 2032 is a mix of positive as well as challenging times. india is home to one of the world’s most diverse populations, and this creates tremendous potential for the sperm banking sector. with the rising need for a donated sperm, the sperm banks in india are seeing demand increasing due to medical conditions, single-male parenting, and also rising infertility trends.
in the year 2018, the need for sperm banks in india rose due to the rising awareness of the role of assisted reproductive technology (art) in curing infertility. this resulted in an increase in the demand for sperms by infertile couples. in the year 2019, the legalisation of ‘surrogacy’ in india created an even greater demand for sperms, as it eliminated the social stigma associated with art and allowed a couple to be blessed with children of their own.
over the next few years, one would expect the demand for sperms to increase due to the rising awareness of the role of art in treating infertility. this increase in demand is further corroborated by the centre’s plan to launch super specialty art centres to provide affordable and quality treatment to infertile couples across india. moreover, with the government's plan to provide health insurance cover to art couples, the costs associated with infertility will reduce, thus further supporting the demand for sperms in the market.
the outlook for the indian sperm bank market looks bright, with certain challenges such as the reliability and viability of sperm samples, quality of sperm banking services and the availability of affordable sperms, set to be addressed over the course of the next 15 years. in order to ensure the quality of the sperms, the government will need to take steps to regulate and monitor the activities of sperm banks in india and ensure quality control.
in conclusion, the overall outlook of the indian sperm bank market in the years 2018 to 2032 is positive. with the increased awareness of the role of art, legalisation of surrogacy, increasing health insurance coverage for infertility, establishing of super specialty art centres, and improved regulation of sperm banks, the indian sperm bank market is set to experience a surge in demand in the coming years.