The Global Vitrification Market was $3.20 Bn in 2020, and it is expected to reach $15.6 Bn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 17.2% between 2020-2030. But due to the current COVID-19 pandemic there might be a slight difference in the growth rate in the present year. The development of vitrification has been expanded because of the expansion in fertility preservation techniques. This new technique perhaps provide a solution that will help to preserve the specimens which will besides reducing the preservation time will also help to reduce the exposure to cryoprotectants. This factors has led to the growth of the market with the adoption of vitrification devices which helps to led a lucrative revenue growth of the market.
Global Vitrification Market Is Estimated To Witness Remarkable Growth
Source: SAI Research
The Global Vitrification Market has been segmented into Specimen, End-Use. By Specimen- Oocytes, Embryo, Sperm. By End-Use – IVF Clinics, Biobanks. The IVF clinics segment dominates the vitrification market and is accounted for the largest revenue share because of the high usage rate of vitrification technology in these end-setting.
By Region, Europe Is Holding The Major Market Share
The Global Vitrification Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. in addition to this Europe Global Vitrification Market is holding the largest market share at present and is estimated to show high compound annual growth rate in the upcoming forecasted period. this region dominates the market because it has well-established presence in the Assisted Reproduction Technology (ART) space. Besides this presence of many key players in Europe have led to the growth of this market during the forecasted period.
Major Players In Global Vitrification Market
Some of the major players in IVF Store LLC, Vitrolife, Frozen Cell, Cook Medical Inc., Minitube, IMV Technologies, Coopersurgical Fertility And Genomic Solutions, Fujifilm Irvine Scientific, Biotech Inc., Kitazato Corporation.
The Global Vitrification Market Has Been Segmented Into:
Global Vitrification Market, By Specimen
Global Vitrification Market, By End-Use
Global Vitrification Market, By Region