GlobalVitrification Market size was valued at US$ XX Mn in 2019 and the totalrevenue is expected to grow at 17.5% through 2019 to 2027, reaching nearly US$XX Mn in the forecast period.
The Global Vitrification Marketreport is a comprehensive analysis of the industry, market, and key players.The report has covered the market by demand and supply-side by segments. TheGlobal Vitrification Market report also provides trends by market segments,technology, and investment with a competitive landscape.
Global Vitrification MarketOverview:
The vitrification process is thatis used to freeze reproductive cells at the temperature of 196 degrees Celsiuswithin a fraction of seconds. The cryopreservation technique is used in widelyused in Vitrification as this technique allows the specimen to be preserved inliquid nitrogen at 196 degrees Celsius.
Global Vitrification MarketDynamics:
The Global Vitrification market wasvalued at USD 6500 million in 2020 and is estimated to reach USD 9400 millionwith a growing CAGR of 17.5% in the forecast period 2019-2027.
The vitrification market is greatlydriven by the rising rate of infertility around the world and increasingawareness regarding reproductive health. Moreover, the preservation ofbiospecimens like sperm, embryos are further boosting the market growth.Moreover, delayed gestation due to carrier, educations and growing women'sindependence, and financial crises and growing infertility treatment are likelyto motivate the market growth of vitrification in the forecast period.
In addition to legal acceptance oftransgender and same sex-marriages, rising single parenthood are hitting themarket growth in the forecast period. And this factor has further increased thedemand for embryo, sperm, and oocyte preservation. The companies like Apple,Facebook, and Google are offering policies to cover the freezing andpreservation expense. Apple will pay full- and part-time employees up to USD20,000 for the procedure and storage cost for female employees to freeze theireggs. And this policy has boosted the market growth in the US. Further, NCBNews reported that Facebook will also cover the freezing as well as storingexpenses to boost women's empowerment. And this factor has motivated theutilization of vitrification techniques in the US.
Moreover, the rising incidence ofcancer and the powerful treatment may induce the infertility level. Moreover,people with cancer history and genetic mutation are advice to prefer eggpreservation treatment for the future aspects to have safe pregnancies. Thisfactor is attracting more individuals and is gaining more acceptance indeveloped countries.
Global Vitrification Market SegmentAnalysis:
Oocyte Sub-segment is dominatingthe Specimen segment of Global Vitrification Market:
Oocyte freezing is gaining moreattraction in the specimen segment and is accounting for 43.9% of the marketshare in 2020. Vitrification of oocyte is solidification in which oocyte istreated with cryoprotective substance and then is merged in liquid nitrogen.This process offers two major benefits like early-stage pregnancy with no birthdefects and chromosomal abnormalities associated with ovarian aneuploidy. Inaddition, for women who do not have a partner and to conceive a pregnancyoocyte or freezing an egg is a widely preferred technique. And this factor isstimulating the growth of the global vitrification market. Moreover, women'sempowerment and independence are also factors responsible to increase themarket growth in the forecast period. Further, oocyte specimens are alsoavailable in kits, consumables, and devices.
Global Vitrification Market
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IVF clinic segment is considered tosupplement the growth of the Global Vitrification Market.
In Vitro Fertilization (IVF) Clinicis dominating the application segment of the global vitrification market in theforecast period. The rising rate of infertility and increasing delayedpregnancies are the chief factors boosting the growth of in-vitro fertilizationtechniques. In addition, the acceptance of in-vitro fertilization due tomodernization and the growing disposable income of individuals aresupplementing the growth as this process is highly expensive. Moreover, due towider acceptance and improved technology, the demand for IVF clinics isincreasing. Further, in-vitro technology has improved the health of thereproductive system and due to this factor women are shifting more towards thevitrification technique. Further, the In-vitro fertilization market isestimated to reach USD 847800 million by 2027. The increase in survival rateand chances of pregnancy due to in-vitro fertilization are boosting the marketgrowth. Moreover, the large number of biobanks has further increased the eggdonation process and this is motivating the market to generate more revenue.Further, market players are entering the market due to wider opportunities inthe future.
Global Vitrification Market
Global Vitrification MarketRegional Insights:
Global Vitrification MarketRegional Insights is segmented into North America, Asia Pacific, Europe, LatinAmerica, Middle East, and Africa.
Europe is dominating thevitrification market. As Europe is recognized as a major player in AssistedReproductive Technology (ART) Space and this factor has positively impacted themarket 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 inthe region like Thermo Fisher Scientific, Inc., DRK Kliniken Berlin, CadilaHealthcare Ltd., LG Life Sciences, and EMD Serono Inc., Sun PharmaceuticalIndustries Ltd are likely to boost the market growth. Further, the growingcountries of Europe are France, Germany, Italy, and Sweden with 11.5% CAGR inthe forecast period. Moreover, Europe is leading in the healthcare industry andis estimated to gain a larger market share due to technological investments andhigh-end infrastructures with rapid acceptance by the European population.Also, rising investment in research and development for new vitrificationsolutions together with regulatory guidelines to support the fertility processin laboratories and increasing cryobanks is supporting the market in positiveaspects.
Global Vitrification Market
The objective of the report is topresent a comprehensive analysis of the Global Vitrification Market to thestakeholders in the industry. The past and current status of the industry withthe forecasted market size and trends are presented in the report with theanalysis of complicated data in simple language. The report covers all theaspects of the industry with a dedicated study of key players that includemarket leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis withthe potential impact of micro-economic factors of the market have beenpresented in the report. External as well as internal factors that are supposedto affect the business positively or negatively have been analyzed, which willgive a clear futuristic view of the industry to the decision-makers.
The report also helps inunderstanding the Global Vitrification Market dynamics, structure by analyzingthe market segments and project the Global Vitrification Market size. Clearrepresentation of competitive analysis of key players by Grade, price,financial position, Grade portfolio, growth strategies, and regional presencein the Global Vitrification Market make the report investor’s guide.
Global Vitrification Market Scope:Inquire before buying
Global Vitrification Market
Global Vitrification Market, byRegion
• North America
• Asia Pacific
• The Middle East and Africa
• South America
Global Vitrification Market KeyPlayer
• IVF Store LLC
• Frozen Cell
• Cook Medical Inc
• IMV Technologies
• Coopersurgical Fertility AndGenomic Solutions
• Fujifilm Irvine Scientific
• Biotech Inc.
• Kitazato Corporation
• Merck KGaA
• Genea Biomed
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