Vitrification market set to reach $33.04 billion by 2032, driven by fertility treatments and advancements
From GlobeNewswire: 2025-03-19 10:00:00
The Vitrification Market was valued at USD 8.23 billion in 2023, projected to reach USD 33.04 billion by 2032 with a CAGR of 16.75%. Factors driving growth include increasing demand for fertility preservation, advancements in cryopreservation technologies, and rising infertility rates globally.
Awareness about fertility preservation is increasing, with vitrification being a key technique in assisted reproductive technologies like IVF. Factors contributing to infertility, lifestyle changes, and environmental pollution have raised the need for fertility treatments, boosting market growth.
Key companies profiled in the Vitrification Market include Vitrolife, Kitazato Corporation, Thermo Fisher Scientific, and more. The market scope includes a forecast period from 2024 to 2032, covering key regions like North America, Europe, Asia Pacific, Middle East & Africa, Latin America.
The Vitrification Market is segmented by specimen, with oocytes holding the largest market share in 2023 at 42.50%. IVF clinics were the primary end-users in 2023, accounting for 60.15% of the market share. The market is expected to grow with increasing adoption of vitrification technologies.
Europe held the largest market share in 2023 at 41.78%, driven by advanced healthcare infrastructure and supportive government policies. North America also represents a substantial market with high healthcare spending and technological innovations. The Asia-Pacific region is expected to see the highest growth in the fertility treatment market due to improving infrastructure and rising awareness. Countries like China, India, and Japan are investing in reproductive health to lower infertility rates and improve access to ART. India’s National Health Mission is focusing on enhancing fertility care services, especially in rural areas. In 2023, Vitrolife AB launched a new vitrification kit with advanced cryoprotectants for better post-recovery survival rates. CooperSurgical Inc. received FDA approval for an innovative vitrification solution in January 2024, setting new standards in fertility preservation. The vitrification market analysis and outlook report for 2024-2032 includes key points such as market dynamics impact analysis, adoption trends, volume of procedures by region, and regulatory compliance trends in vitrification technology. SNS Insider is a leading market research and consulting agency providing current and accurate market data, consumer insights, and opinions to help clients make confident decisions in changing circumstances.
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