October, 2024
The primary reason for the market's growth in the United Kingdom is the increasing demand for accessible and affordable fertility care. According to the 2023 Human Fertilization and Embryology Authority report, the UK has witnessed substantial growth in this sector. The report noted that the embryo storage cycles saw a 30% growth rate in 2021 compared to 2019.
• According to the data published by the HFEA, in 2023, there were 107 fertility clinics licensed by the HFEA that provided fertility treatment in the UK. Among these, 62% were privately owned. The largest number of clinics offering fertility treatment was based in London, with 35 clinics.
The global egg freezing and embryo banking market is experiencing notable growth due to advancements in reproductive technology and societal shifts about expanding family and childbirth. People are opting to delay childbirth with the help of assisted reproductive technology. According to the World Health Organization, around 17.5% of the global population faces reproductive problems like infertility. Increasing awareness and an improved rate of success are the driving factors for the market.
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