This report was recently updated on April 11 2024 with the latest and most recent
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Global Vitrification Market Size, Trends & Analysis with Covid-19 Impact - Forecasts To 2026 By End-Use (IVF Clinics, Biobanks), By Specimen (Oocytes, Embryo, Sperm), By Region (North America, Europe, Asia Pacific, CSA, MEA), Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Vitrification Market Insights
The global vitrification market is estimated to witness a significant CAGR during the forecast period (2020-2026). The growing expansion in fertility preservation techniques have stimulated the development of vitrification. Moreover, the high rate of adoption of vitrification devices is one of the significant factors driving the market growth. The other factors driving the market growth include: increasing male infertility, declining fertility rates, and increasing awareness of infertility. The growing technological developments and investments in research and development in the field of IVF is expected to propel the market growth. Furthermore, the rising incidence of cancer has led to increased prevalence of infertility. However, high cost and the shortage of skilled professionals are some of the factors hampering the market growth.
Vitrification Market: By Specimen
Based on the specimen, the global vitrification market is segmented into oocytes, embryo, and sperm. The oocytes segment is expected to hold the largest market share during the forecast period as they possess a higher intracellular content. Moreover, slow freezing is likely to affect the intracellular quality of the oocytes. However, the introduction of vitrification solved this issue successfully, thereby minimizing the failure chances.
Vitrification Market: By End-Use
Based on the end-use, the global vitrification market is segmented into IVF clinics, and biobanks. The IVF clinics segment is expected to hold the largest market share in terms of revenue during the forecast period. The high rate of adoption of vitrification technology in the IVF clinics and growing number of clinics providing this facility are propelling the market growth. The vitrification technique significantly improves the reproductive health environment with respect to IVF progress rate and the amount of freezing cycles for oocytes and embryos.
Vitrification Market: By Region
Based on region, the global vitrification market is segmented into North America, Europe, Asia-Pacific, Central & South America, and Middle East & Africa. Europe is expected to hold the largest market share during the forecast period due to rapid technological advancements, and a high prevalence of cancer and increased research in oncology; are some of the factors driving the market growth in the region. Furthermore, the North America region is expected to grow at a high CAGR during the forecast period. Increasing geriatric population, rising awareness regarding the use of vitrification technology, and the increasing incidence of cancer are some of the major factors driving the market growth. Moreover, the increasing number of fertility clinics in the U.S. in terms of revenue is driving the market growth in the North America region.
Vitrification Market Share & Competitor Analysis
Some of the key players operating in the vitrification market include: Frozen Cell, Cook Medical Inc., Vitrolife, IVF Store LLC, Minitube, IMV Technologies, Coopersurgical Fertility and Genomic Solutions, Biotech Inc., Fujifilm Irvine Scientific, and Kitazato Corporation, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In August 2020, IVF Store LLC entered into a partnership agreement with DxNow and announced the launch of ZyMot Starter Pack to expand the introduction of ZyMot Sperm Separation devices through exclusive reseller.
Check the Press Release on Global Vitrification Market Report
Vitrification Market: By End-Use
Vitrification Market: By Specimen
Vitrification Market: By Region
The global Vitrification Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Vitrification Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
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