Industry Background:
Vitrification is a cryopreservation technique that results in a glass-like solidification. Oocyte, zygote, embryo, and blastocyst are frozen by the vitrification methodology for cryopreservation. Most IVF clinics use this methodology to freeze the eggs/embryos and deliver a higher success rate to patients. The rising infertility rate and increasing awareness of generative health have driven the Vitrification Market. Also, conserving biospecimens has become a typical trend among consumers to avoid the following consequences of delayed childbearing. On the other hand, ethical issues regarding preserving eggs and sperms have hampered market growth considerably.
According to AMA Research, the market for Vitrification is expected to register a CAGR of 17.2% during the forecast period to 2030. This growth is primarily driven by Growth In the Median Age of First-Time Motherhood
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Services sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Vitrolife (Sweden), Frozen Cell (India), Cryotech (United States), IVF Store LLC (United States), Fujifilm Irvine Scientific (United States), Biotech Inc (United States), Coopersurgical Fertility and Genomic Solutions (United States), KITAZATO CORPORATION (Japan), IMV Technologies (France) and Shenzhen VitaVitro Biotech (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2021, CooperSurgical, one of the leading providers of women's health care solutions, has acquired Embryo Options, a well-known provider of cryopreservation software for clinics and consumers. CooperSurgical's broad range of groundbreaking fertility treatments will be further strengthened with this acquisition. Clinics working with Embryo Options benefit from automated billing and streamlined management of cryopreserved embryos, eggs and sperm, which translates to more collections, lower specimen disposal, and lower cold stocking costs.
In 2021, Vitrolife AB has signed a binding agreement to purchase all shares of Igenomix. By integrating the knowledge, product portfolio and market presence of the two leading companies in IVF medical devices and reproductive genetic testing services, the merger will make it one of the global leaders in reproductive health.The rising infertility rate and increasing awareness of reproductive health have driven the Vitrification Market. Also, preserving biospecimens has become a common trend among consumers to avoid the subsequent consequences of delayed childbearing. On the other hand, ethical concerns about preserving eggs and sperms have hampered market growth significantly.
Influencing Trend:
Adoption Of the Technique by The Professionals and Social Acceptance of Fertility Preservation Techniques
Market Growth Drivers:
Growth In the Median Age of First-Time Motherhood, The Increasing Infertility Rate and A Rising Awareness About Reproductive Health
Challenges:
Reducing Efficacy of Infertility Treatment with Advancing Age and Lack of Skilled Professionals
Restraints:
High Cost and Low Success Rate of The IVF Treatment
Opportunities:
Increase In the Awareness from Government and Increased Research and Development Activities on the Techniques
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Vitrification Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Vitrification Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Vitrification players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Vitrification Study Sheds Light on
The Vitrification Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Vitrification industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Vitrification industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.