Global Vitrification Market is expected to reach US$ 28.17 Bn. at a CAGR of 17.70% during the forecast period 2023 to 2029. The Global Vitrification Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Vitrification Market report also provides trends by market segments, technology, and investment with a competitive landscape.Vitrification Market Overview:
The vitrification process is that is used to freeze reproductive cells at the temperature of 196 degrees Celsius within a fraction of seconds. The cryopreservation technique is used in widely used in Vitrification as this technique allows the specimen to be preserved in liquid nitrogen at 196 degrees Celsius.To know about the Research Methodology :- Request Free Sample Report
Market Dynamics:
The vitrification market is greatly driven by the rising rate of infertility around the world and increasing awareness regarding reproductive health. Moreover, the preservation of biospecimens like sperm, embryos are further boosting the market growth. Moreover, delayed gestation due to carrier, educations and growing women's independence, and financial crises and growing infertility treatment are likely to motivate the market growth of vitrification in the forecast period. In addition to legal acceptance of transgender and same sex-marriages, rising single parenthood are hitting the market growth in the forecast period. And this factor has further increased the demand for embryo, sperm, and oocyte preservation. The companies like Apple, Facebook, and Google are offering policies to cover the freezing and preservation expense. Apple will pay full- and part-time employees up to USD 20,000 for the procedure and storage cost for female employees to freeze their eggs. And this policy has boosted the market growth in the US. Further, NCB News reported that Facebook will also cover the freezing as well as storing expenses to boost women's empowerment. And this factor has motivated the utilization of vitrification techniques in the US. Moreover, the rising incidence of cancer and the powerful treatment may induce the infertility level. Moreover, people with cancer history and genetic mutation are advice to prefer egg preservation treatment for the future aspects to have safe pregnancies. This factor is attracting more individuals and is gaining more acceptance in developed countries.Vitrification Market Segment Analysis:
Oocyte Sub-segment is dominating the Specimen segment of Global Vitrification Market: Oocyte freezing is gaining more attraction in the specimen segment and is accounting for 43.9% of the market share in 2022. Vitrification of oocyte is solidification in which oocyte is treated with cryoprotective substance and then is merged in liquid nitrogen. This process offers two major benefits like early-stage pregnancy with no birth defects and chromosomal abnormalities associated with ovarian aneuploidy. In addition, for women who do not have a partner and to conceive a pregnancy oocyte or freezing an egg is a widely preferred technique. And this factor is stimulating the growth of the global vitrification market. Moreover, women's empowerment and independence are also factors responsible to increase the market growth in the forecast period. Further, oocyte specimens are also available in kits, consumables, and devices. IVF clinic segment is considered to supplement the growth of the Global Vitrification Market. In Vitro Fertilization (IVF) Clinic is dominating the application segment of the global vitrification market in the forecast period. The rising rate of infertility and increasing delayed pregnancies are the chief factors boosting the growth of in-vitro fertilization techniques. In addition, the acceptance of in-vitro fertilization due to modernization and the growing disposable income of individuals are supplementing the growth as this process is highly expensive. Moreover, due to wider acceptance and improved technology, the demand for IVF clinics is increasing. Further, in-vitro technology has improved the health of the reproductive system and due to this factor women are shifting more towards the vitrification technique. Further, the In-vitro fertilization market is estimated to reach USD 847800 million by 2029. The increase in survival rate and chances of pregnancy due to in-vitro fertilization are boosting the market growth. Moreover, the large number of biobanks has further increased the egg donation process and this is motivating the market to generate more revenue. Further, market players are entering the market due to wider opportunities in the future.Regional Insights:
Vitrification Market Regional Insights is segmented into North America, Asia Pacific, Europe, Latin America, Middle East, and Africa. Europe is dominating the vitrification market. As Europe is recognized as a major player in Assisted Reproductive Technology (ART) Space and this factor has positively impacted the market growth in the region. Europe IVF market is estimated to grow by 5.4% CAGR in the forecast period. Moreover, the presence of major market players in the region like Thermo Fisher Scientific, Inc., DRK Kliniken Berlin, Cadila Healthcare Ltd., LG Life Sciences, and EMD Serono Inc., Sun Pharmaceutical Industries Ltd are likely to boost the market growth. Further, the growing countries of Europe are France, Germany, Italy, and Sweden with 11.5% CAGR in the forecast period. Moreover, Europe is leading in the healthcare industry and is estimated to gain a larger market share due to technological investments and high-end infrastructures with rapid acceptance by the European population. Also, rising investment in research and development for new vitrification solutions together with regulatory guidelines to support the fertility process in laboratories and increasing cryobanks is supporting the market in positive aspects. The objective of the report is to present a comprehensive analysis of the Global Vitrification Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Vitrification Market dynamics, structure by analyzing the market segments and project the Global Vitrification Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the Global Vitrification Market make the report investor’s guide.Vitrification Market Scope: Inquire before buying
Vitrification Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 9 Bn. Forecast Period 2023 to 2029 CAGR: 17.70% Market Size in 2029: US $ 28.17 Bn. Segments Covered: by Product Oocytes (Devices, Kits & Consumables) Embryo (Devices, Kits & Consumables) Sperm by Type IVF Clinic Biobanks Vitrification Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina and Rest of South America)Vitrification Market Key Players are:
1. Vitrolife 2. IVF Store LLC 3. Frozen Cell 4. Cook Medical Inc 5. Minitube 6. IMV Technologies 7. Coopersurgical Fertility And Genomic Solutions 8. Fujifilm Irvine Scientific 9. Biotech Inc. 10.Kitazato Corporation 11.Merck KGaA 12.Genea BiomedFrequently Asked Questions:
1. Which region has the largest share in Global Vitrification Market? Ans: Europe region held the highest share in 2022. 2. What is the growth rate of Global Vitrification Market? Ans: The Global Vitrification Market is expected to grow at a CAGR of 17.70% during forecast period 2023-2029. 3. What is scope of the Global Vitrification market report? Ans: Global Vitrification Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Vitrification market? Ans: The important key players in the Global Vitrification Market are – , Vitrolife, IVF Store LLC, Frozen Cell, Cook Medical Inc, Minitube, IMV Technologies, Coopersurgical Fertility And Genomic Solutions, Fujifilm Irvine Scientific, Biotech Inc., Kitazato Corporation, Merck KGaA, and Genea Biomed 5. What is the study period of this market? Ans: The Global Vitrification Market is studied from 2022 to 2029.
1.Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Vitrification Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Vitrification Market 3.4. Geographical Snapshot of the Vitrification Market, By Manufacturer share 4. Global Vitrification Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Grades 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Vitrification Market 5. Supply Side and Demand Side Indicators 6. Global Vitrification Market Analysis and Forecast, 2022-2029 6.1. Global Vitrification Market Size & Y-o-Y Growth Analysis. 7. Global Vitrification Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Specimen, 2022-2029 7.1.1. Oocytes (Devices, Kits & Consumables) 7.1.2. Embryo (Devices, Kits & Consumables) 7.1.3. Sperm 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. IVF Clinic 7.2.2. Biobanks 8. Global Vitrification Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Vitrification Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Specimen, 2022-2029 9.1.1. Oocytes (Devices, Kits & Consumables) 9.1.2. Embryo (Devices, Kits & Consumables) 9.1.3. Sperm 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. IVF Clinic 9.2.2. Biobanks 10. North America Vitrification Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Vitrification Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Vitrification Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Vitrification Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Vitrification Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Vitrification Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K Vitrification Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Vitrification Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Vitrification Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Vitrification Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Vitrification Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Vitrification Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Vitrification Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Vitrification Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Vitrification Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Vitrification Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Vitrification Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Vitrification Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Vitrification Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Vitrification Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Vitrification Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Vitrification Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Vitrification Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Vitrification Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Vitrification Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Vitrification Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Vitrification Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Textile Reinforced Concrete e Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Vitrification Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Vitrification Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Vitrification Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Vitrification Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Vitrification Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Vitrification Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Vitrification Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Specimens, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Vitrification Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Fiber Grades and R&D Investment 45.2.2. New Grade Launches and Grade Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Genea Biomedx 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Grade Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Development 45.3.2. Vitrolife 45.3.3. IVF Store LLC 45.3.4. Frozen Cell 45.3.5. Cook Medical Inc 45.3.6. Minitube 45.3.7. IMV Technologies 45.3.8. Coopersurgical Fertility And Genomic Solutions 45.3.9. Fujifilm Irvine Scientific 45.3.10. Biotech Inc. 45.3.11. Kitazato Corporation 45.3.12. Merck KGaA 45.3.13. Genea Biomedx 46. Primary Key Insights