Given the range of fertility issues, oocyte banking and in vitro maturation (IVM) are major advancements for fertility preservation. This literature review studies their applications in ovarian aging, polycystic ovary syndrome (PCOS), and cancer-related infertility. Oocyte banking and IVM offer solutions for age-related infertility. By cryopreserving oocytes at a younger age, individuals can safeguard their reproductive potential as they age. Improvement of cryopreservation methods and personalized protocols, along with advancements in ancillary procedures like preimplantation genetic testing (PGT) enhance the efficacy of these strategies. For PCOS patients, IVM offers a safer alternative to in vitro fertilization (IVF) by minimizing the risk of ovarian hyperstimulation syndrome (OHSS) through reduced ovarian stimulation. Advancements in IVM, such as hCG priming and capacitation IVM, have shown improved outcomes, making it a preferable option for PCOS patients seeking fertility preservation. In cancer patients, cryopreservation before treatment is critical. While IVF with controlled ovarian stimulation (COS) is the standard, IVM provides a faster option for pediatric patients or those needing urgent treatment. Current research aims to expand IVM’s uses across different cancers and patient populations. As these technologies evolve, they provide new avenues for individuals facing infertility challenges, empowering them to continue pursuing their reproductive goals.