The global sperm bank market size was valued at $4,741.51 million in 2019, and is projected to reach $4,860.39 million by 2027, registering a CAGR of 5.2% from 2020 to 2027. Sperm bank is also named as cryobank and is a specialized organization that purchases and stores sperm, which is collected from human sperm donor and sold to those women who need to conceive.