NAICS Code 621991-03 - Egg Donation
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NAICS Code 621991-03 Description (8-Digit)
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Tools
Tools commonly used in the Egg Donation industry for day-to-day tasks and operations.
- Ovarian stimulation medications
- Ultrasound machines
- Needles and syringes for egg retrieval
- Laboratory equipment for fertilization and embryo culture
- Cryopreservation equipment for freezing and storing embryos
- Medical instruments for embryo transfer
- Hormone tests for donor and recipient
- Genetic screening tests for donor and recipient
- Psychological evaluations for donor and recipient
- Legal contracts for donor and recipient
Industry Examples of Egg Donation
Common products and services typical of NAICS Code 621991-03, illustrating the main business activities and contributions to the market.
- Egg donation agencies
- Fertility clinics
- Reproductive endocrinology practices
- Women's health centers
- Surrogacy agencies
- LGBTQ+ family planning services
- Research institutions studying fertility and reproduction
- Hospitals with specialized fertility departments
- Non-profit organizations promoting fertility awareness and education
- Private practices specializing in egg donation and surrogacy arrangements
Certifications, Compliance and Licenses for NAICS Code 621991-03 - Egg Donation
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- American Association Of Tissue Banks (AATB) Accreditation: AATB is a professional organization that accredits tissue banks and sets standards for tissue banking. Egg donation agencies may seek AATB accreditation to demonstrate their commitment to quality and safety.
- Clinical Laboratory Improvement Amendments (CLIA) Certification: CLIA certification is required for any laboratory that performs diagnostic testing on human specimens for the purpose of providing information for the diagnosis, prevention, or treatment of any disease or impairment. Egg donation agencies that perform laboratory testing must obtain CLIA certification.
- Food and Drug Administration (FDA) Registration: Egg donation agencies must register with the FDA as a tissue establishment to ensure compliance with federal regulations.
- State Licensure: Egg donation agencies must obtain a license from the state in which they operate. The requirements for licensure vary by state but typically include background checks, facility inspections, and compliance with state regulations.
- Society for Assisted Reproductive Technology (SART) Membership: SART is a professional organization that sets standards for assisted reproductive technology (ART) and provides guidance to egg donation agencies. Membership in SART is voluntary but may be viewed as a mark of quality by potential clients.
History
A concise historical narrative of NAICS Code 621991-03 covering global milestones and recent developments within the United States.
- The first successful egg donation procedure was performed in Australia in 1983, and since then, the industry has grown significantly worldwide. In the United States, the first successful egg donation procedure was performed in 1984, and the industry has since grown to become a multi-billion dollar industry. In 1992, the American Society for Reproductive Medicine (ASRM) established guidelines for egg donation, which helped to standardize the industry and ensure the safety of donors and recipients. In 2015, the ASRM lifted the recommended age limit for egg donation, allowing women over the age of 50 to donate their eggs. This decision was based on the increasing success rates of egg donation procedures and the growing demand for donor eggs.
Future Outlook for Egg Donation
The anticipated future trajectory of the NAICS 621991-03 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The egg donation industry in the USA is expected to grow in the coming years due to the increasing demand for fertility treatments. The rise in infertility rates, delayed pregnancies, and same-sex marriages are some of the factors driving the growth of the industry. Additionally, advancements in technology and medical procedures have made egg donation a more accessible and safer option for women. However, the industry is also facing challenges such as regulatory issues and ethical concerns. Overall, the egg donation industry is expected to continue to grow in the USA, but it will also need to address these challenges to ensure its sustainability.
Industry Innovations for NAICS Code 621991-03
Recent groundbreaking advancements and milestones in the Egg Donation industry, reflecting notable innovations that have reshaped its landscape.
- Frozen Egg Banking: This innovation has revolutionized the egg donation industry by allowing women to freeze their eggs for future use. This has increased the availability of donor eggs and has made the process more convenient for recipients.
- Genetic Testing: The use of genetic testing in egg donation has become more common in recent years. This allows for the screening of genetic disorders and can increase the success rates of fertility treatments.
- Social Egg Freezing: This innovation has allowed women to freeze their eggs for non-medical reasons, such as delaying pregnancy. This has increased the demand for egg donation services and has made the process more accessible for women.
- Donor Compensation: Some egg donation agencies have started offering higher compensation rates to attract more donors. This has increased the availability of donor eggs and has made the process more affordable for recipients.
- International Egg Donation: The globalization of the egg donation industry has made it possible for recipients to access donor eggs from other countries. This has increased the availability of donor eggs and has made the process more diverse.
NAICS Code 621991-03 - Egg Donation
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