According to a new market research report published by sheer analytics and insights, “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”, as per the latest market research report titled Global Vitrification Market (By Specimen- Oocytes, Embryo, and Sperm. By End-Use – IVF Clinics, Biobanks. By Geography- North America, Latin America, Middle East and Africa, Asia Pacific, Europe.) - Global industry analysis, size, share, growth, trends and forecast, 2020 – 2030.
Vitrification has been developed because of the expansion of fertility preservation techniques. This new technique provides solution to preserve the specimens that will besides reducing preservation time will also help to reduce the exposure to cryoprotectants. This has led to the increase in the adoption of the vitrification devices that will lead to great lucrative revenue growth of the market. This area is considered to see great growth in the reproductive and women’s health domain and is also expected to witness doble digit growth of this market. Delay in childbearing because of sociodemographic factors that includes financial barriers, education/career goals, growing impact of women’s empowerment movement, lack of a partner are the major factors that will help to increase the growth of this market during the forecasted period.
Geographically, The Global Vitrification Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The primary key players in Global Vitrification Market include IVF Store LLC, Vitrolife, Frozen Cell, Cook Medical Inc., Minitube, IMV Technologies, Cooper surgical 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