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Artificial Intelligence

Global Sperm Bank Market Size & Share to Clock Impressive Growth—Projected to Reach USD 5,970.0 Million by 2027 | BlueWeave Consulting

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Noida, Nov. 04, 2021 (GLOBE NEWSWIRE) — An increasing number of infertility issues among men and women resulting from unhealthy lifestyles is driving the growth of the global sperm bank market. Furthermore, the growing awareness of assisted reproductive technology (ART) is anticipated to boost the market growth…

A study recently conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global sperm bank market was worth USD 4,654.0 million in 2020. The market is projected to reach USD 5,970.0 million by 2027, growing at a CAGR of 4.0% during the forecast period (2021-2027). The global sperm bank market is fueled by the rising number of miscarriages worldwide, technological advancements in sperm storage, rising awareness of infertility issues, and advances in cryopreservation.

Growing fertility tourism favoring the global sperm bank market

Due to the growing trend of fertility tourism in countries like Spain, Denmark, the Czech Republic, and India, the demand for semen analysis services has increased significantly. According to the National Association for Fertility Problems data, Spain accounted for more than 40% of European fertility tourism. A total of 138,553 IVF cycles and 36,463 artificial inseminations were performed in Spain’s 307 public and private clinics in 2016. India is also fast becoming one of the world’s most popular fertility tourism spots. The number of Indian couples opting for fertility services in India is about 5%, while 70% of surrogacy cases come from foreign clients and 25% come from non-resident Indians and persons of Indian origin. The Australian government also granted exemptions to citizens traveling overseas for IVF treatment or surrogacy arrangements in June 2021. As the vaccination rate is rising worldwide, more countries are allowing tourists into their countries. Thus, fertility tourism is likely to grow in the forecast period, supporting the growth of the global sperm bank market.

Increasing prevalence of miscarriages driving the growth of the global sperm bank market

Experiencing a miscarriage is an unfortunate experience for everyone involved, and the number of women suffering miscarriages is on the rise globally. According to March of dimes, almost 10-15% of pregnant women miscarry a non-profit organization. Miscarriages can be caused by various reasons, including infection, hormonal irregularities, uterine abnormalities, radiation, severe kidney problems, and thyroid disease.

Tommy’s, a registered charity in England, Wales, and Scotland, reports that 1 in every four women experiences a miscarriage, and one in every hundred women experiences recurrent miscarriages (three or more in a row). Despite this, more than six out of ten women who suffer from recurrent miscarriages can conceive successfully by using IVF, IUI, and others. As more and more people become aware of the miracles of IVF, IUI, and other similar techniques, the demand for sperm and sperm bank is likely to propel the growth of the global sperm bank market.

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High cost of the procedures impeding the growth of the global sperm bank market

The high costs associated with procedures, such as in vitro fertilization (IVF), intrauterine insemination (IUI), and other similar procedures are a major hindrance to the growth of the global sperm bank market. According to the American Society of Reproductive Medicine, the average cost of an IVF cycle in the U.S. is USD 12,400. This figure varies greatly based on the patient’s location, amount of medication administered, and the number of cycles performed. The high cost of these techniques and other similar techniques means that most people in developing nations cannot afford such procedures, which hinders the growth of the market.

In-Vitro Fertilization accounted for the largest share in the global sperm bank market in 2020

Global sperm bank market can be grouped into intracervical insemination, intrauterine insemination, in-vitro fertilization, and others segment, based on insemination techniques. Among these segments, in-vitro fertilization (IVF) dominated the global sperm bank market with largest market share in 2020. In-Vitro fertilization is the most common type of procedure with an average pregnancy success rate of 27.3% per cycle; however, the pregnancy success rate goes up to 45-53% after three full cycles of IVF. With the advancement of technology and techniques, success rates are increasing among all age groups. In-vitro fertilization has received a large market share in the global sperm bank market due to this factor.

Global Sperm Bank Market: Regional insights

The global sperm bank market is geographically grouped into the Asia-Pacific (APAC), North America, Europe, Latin America, and the Middle East & Africa regions based on regions. North America dominated the global sperm bank market in 2020 owing to the large number of people in the region suffering from fertility issues. According to the Centers for Disease Control, 12% of women in the U.S. have difficulty getting pregnant or carrying a child to term, and 10% of couples cannot conceive after two years of unprotected sex. A high prevalence of obesity, a robust healthcare infrastructure, major market players, and the large number of people suffering from fertility issues in North America have also contributed to the dominance of the global sperm market in 2020.

COVID-19 Impact on Global Sperm Bank Market

One of the few markets that saw increased demand during the lockdown phase was the global sperm bank market. The supply, however, was insufficient due to lockdown restrictions and disruptions in the value chain. According to The Fertility Partnership, one of the largest fertility specialists in the UK, the number of UK donors has declined by 66% since the pandemic. Since March 2020, patients waiting to get sperm donations have been unable to find donors due to a shortage of suitable donors and sperm. Sweden and China are currently witnessing an acute shortage of sperm due to decreasing number of sperm donors. Additionally, the sperms banks now require donors to be fully vaccinated, making it difficult for unvaccinated people to donate sperm. The demand for sperms is likely to go up as demand for ART (assisted reproductive technology) increases in the coming years.

The Leading Players Operating in the Global Sperm Bank Market are California Cryobank, Cryos International, Fairfax Cryobank Inc., European Sperm Bank, Androcryos, CSG-BIO, Cryobio, NW Cryobank., Indian Spermtech, New England Cryogenic Centre, Seattle Sperm Bank, London Sperm Bank, Baby Quest Cryobank Pvt. Ltd., ReproTech Limited, Semovo, Generate Life Sciences, and others. Companies operating in the global sperm bank market constantly strive to increase their market share by increasing awareness, launching new facilities, enhancing existing technologies, or launching new methods and techniques. The Zhejiang Sperm Bank, faced with a severe sperm shortage due to low awareness and a small number of suitable donors, appealed to the public for sperm donations in 2021.

Recent Developments

In August 2021, Cryos International Sperm and Egg Bank opened its second satellite sperm donation center in the United States at 4414 Lake Boone Trail, Suite 108 in Raleigh. The bank is open Monday through Friday from 8 a.m. till 4 p.m., with a focus on recruiting men aged 18 to 45.

Don’t miss the business opportunity of global sperm bank market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of global sperm bank market. The report also examines the factors influencing forecasts of total market size. Additionally, it promises to provide recent technology trends, along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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About Us

BlueWeave Consulting provides all-inclusive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer comprehensive market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solution. BWC has built its reputation from the scratches by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

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Artificial Intelligence

Synthetik Applied Technologies LLC announces development of UrbanScale – a modeling platform for the prediction, characterization, and quantification of extreme urban heat

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AUSTIN, Texas and LONDON, April 30, 2024 /PRNewswire/ — Synthetik Applied Technologies announces the development of UrbanScale, a tool to model and predict effects of extreme heat in urban areas, through a project funded by the National Oceanic and Atmospheric Association (NOAA). The physical characteristics of urban areas amplify heat effects resulting in what are known as urban heat islands — areas where surface temperatures are much higher than their surroundings. The UrbanScale tool addresses this climate peril with sophisticated analytic tools based on physics informed neural networks and cutting-edge machine learning to predict urban heat and help better understand and mitigate the risks associated with these extreme heat events. As a result of climate change, these events are expected to increase, impacting both the people that live in urban areas and the infrastructure on which they depend.

The UrbanScale platform shows significant promise to provide data on the severity of heat islands and their effects to better understand how they impact human health, energy use and damage to physical infrastructure. This information will provide a step-change in capability for government agencies, urban planners, and transportation authorities to direct efforts for mitigation and intervention. In particular, inclusion of demographic information into data pipelines will allow understanding of how urban heat effects may impact vulnerable or disadvantaged populations. Integration with climate forecasts and models will also provide unprecedented capabilities for forecasting risk associated with climate change.
Josh Hatfield, Director of Research and Development at Synthetik, said:
‘We are extremely grateful for the opportunity to study such an important issue. Extreme heat is already the largest cause of weather-related fatalities in the US, and climate change will only increase the importance of understanding heat in urban environments. Helping to meet that challenge fits directly into Synthetik’s mission.’
Synthetik COO Tim Brewer commented:
‘The UrbanScale tool will allow both our government and insurance partners to better characterize the risk of extreme heat in urban centers and promises to deliver critical insight on the way these events impact energy demands. We look forward to exploring its wide-ranging applications.’
Synthetik plans further development of UrbanScale with NOAA and other partners in the public and private sector.
For all inquiries: Contact Synthetik Applied Technologies PR [email protected] 
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Artificial Intelligence

GLiNTECH – a Valiantys company, wins Atlassian Partner of the Year 2023 Services (APAC) award. Valiantys and GLiNTECH declared Finalists for Team Excellence and ITSM Solutions

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PARIS, April 30, 2024 /PRNewswire/ — Atlassian announced today that GLiNTECH – a Valiantys company has won the Atlassian Partner of the Year 2023 Services (APAC) award. Valiantys and GLiNTECH were further declared finalists for the Team Excellence and ITSM Solutions awards, respectively.

 
This is an acknowledgement of their outstanding work for Atlassian customers during the calendar year 2023. This includes exceptional efforts in developing new business and driving innovative solutions for customer success.
“Our industry leading partners play a vital role in our customers’ continued success. We’re honored to highlight our top partners as award finalists this year, reflecting their ongoing commitment to delivering innovative solutions and unparalleled Atlassian services globally,” said Ko Mistry, Atlassian’s Head of Global Channels.
“We are delighted to be named as finalists for these awards from Atlassian, and we are particularly proud to celebrate GLiNTECH’s achievement in winning the Services (APAC) award.” said Emmanuel Benoit, Global Chief Executive Officer, Valiantys. “At Valiantys, embracing diversity of thought and challenging the ways our teams work has always provided Valiantys with a competitive edge to consistently deliver tangible results and value. We look to the future with unwavering determination and confidence as we continue to drive innovation and unlock potential for our customers around the globe.”
“We dedicate our IT Consulting Services and Custom Solutions to fulfilling our customers’ needs for success,” commented Dimitri Spyridopoulos, Chief Executive Officer GLiNTECH – a Valiantys company. “It’s an honor to be recognized by Atlassian as a finalist in two categories that reflect these efforts: Services and ITSM Solutions, and to be declared as winner for the Services award (APAC).”
For more information regarding this Press Release, contact: [email protected]
About Valiantys
Valiantys is a leading global consulting and services firm dedicated to Atlassian. The company accelerates business transformation by digitizing processes and modernizing teamwork, using the best agile methods and tools. Its Atlassian technical expertise is unparalleled and Valiantys supports its customers across the entire spectrum of projects on those platforms. As a recognized Agile at Scale, ITSM, and Cloud Specialized Partner, Valiantys help organizations accelerate time to value with Agile at scale, cloud, and ITSM implementations. Because teamwork requires more than just tools, the firm bridges the gap between applications and strategic practices such as SAFe® and ITIL. Over the last 15 years, Valiantys has helped more than 5,000 customers achieve their desired business outcomes at a reduced time to value, through improved team collaboration. More information about Valiantys can be found at https://www.valiantys.com/
About GLiNTECH – a Valiantys Company
GLiNTECH is a renowned Atlassian Platinum Partner headquartered in Australia and is the preferred choice for over 300 leading brands. The company has amassed more than 20 years of experience servicing enterprise clients across the Asia Pacific region, earning Atlassian Partner of the Year five times, including most recently for Professional Services. GLiNTECH is recognized as a Specialized Atlassian Cloud and ITSM partner. The company offers deep expertise in Licensing, Training, Support, Managed Services, Consulting, and Agile methodologies and has a proven record in providing reliable solutions while driving success within the Atlassian ecosystem. More information about GLiNTECH can be found here: https://www.glintech.com/
GLiNTECH was acquired by Valiantys in February 2024.
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Artificial Intelligence

Nillion is pleased to announce that Dwinity, a team pioneering decentralized AI has joined as an ecosystem partner

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ZUG, Switzerland and MUNICH, April 30, 2024 /PRNewswire/ — With huge amounts of personal data being collected every day, privacy concerns are escalating as the impact of data breaches become more costly. The need to address the problems created by the existing data economy have never been greater. By empowering users to reclaim control, Dwinity aims to unlock an enormous amount of potential for personal data to enhance various industries like healthcare, insurance, and finance.

About Dwinity
Dwinity’s mission is to give power back to users and to create a thriving data economy in which information asymmetry is finally removed. Dwinity enables a decentralized data economy as well as creates a data ownership driven ecosystem for storage, analysis, exchange, and commercialization of sensitive personal data.
The three components of Dwinity are:
Data control: Decentralized data spaces for decentralized data storage which provides true data sovereignty and enables users to decide with whom data is shared.Data Gold: Decentralized AI tools for each data space have the capability to unlock the full potential of data via sophisticated analysis.Data Cash: A fair marketplace with automated data value analysis, allowing for tangible income for data owners at lower costs and completely anonymous.Dwinity is presently closing its initial seed round at USD 3 MN – funds which will be used for the development of the initial prototypes to hit the market already in 2024.
About Nillion
Nillion is humanity’s first Blind Computer. It is powered by a decentralized network of nodes that enables “Blind Computation” through the coordination and orchestration of privacy enhancing technologies (PETs) such as multi-party computation (MPC), fully homomorphic encryption (FHE) and zero-knowledge proofs (ZKP). Nillion believes Blind Computation will become the internet’s base layer for all private data as PETs continue to mature. Nillion has attracted a notable initial cohort of Blind Computation builders across AI, DeFi, medical data, custody, wallets, global identity, messaging and more.
The Nillion development company, Nilogy, was incubated by CoinList’s seed program. Nilogy’s Founding CTO was the Founding Engineer of Uber (Conrad Whelan), the Chief Strategy Officer was the Founding CMO of Hedera Hashgraph (Andrew Masanto), the Chief Business Officer is the Founder of Indiegogo (Slava Rubin), the General Counsel was the Associate General Counsel of Coinbase (Lindsay Danas Cohen), along with builders hailing from Consensys, LayerZero, Polygon and Google.
“This is a major step on our way to building the leading ecosystem for sensitive data together with one of the top players in the market for the handling of such valuable data. We are looking forward to the cooperation which will add significant trust and competence to both initiatives”, said Peter Koenig, CEO of Dwinity.
Picture is available at AP
Contact for this publication: Christian Mangold [email protected]

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