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Vitrification Market Size Is Projected to Reach $22.47 Billion by 2028 | CAGR: 17.5% : Polaris Market Research

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Vitrification Market Size Is Projected to Reach $22.47 Billion by 2028 | CAGR: 17.5% : Polaris Market Research

November 17
00:46 2021
Vitrification Market Size Is Projected to Reach $22.47 Billion by 2028 | CAGR: 17.5% : Polaris Market Research
Polaris Market Research
According to a new study by Polaris Market Research. The global vitrification market was valued at USD 6.51 billion in 2020 and is expected to reach USD 22.47 billion by 2028 to grow at a CAGR of 17.5% during the forecast period.

The global vitrification market size is expected to reach USD 22.47 billion by 2028 according to a new study by Polaris Market Research. The report “Vitrification Market Share, Size, Trends, Industry Analysis Report, By Specimen (Oocytes {Devices, Kits & Consumables}, Embryo {Devices, Kits & Consumables}, Sperm), By End-Use (IVF Clinics, Biobanks), By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The prominent factors of the industry, such as the growing awareness regarding health coupled with rising incidences of infecundity and infertility, are impelling the market demand across the globe. In addition, growing public acceptance of fertility preservation techniques and escalating demand for vitrification due to delayed parenthood or childbearing fuels the industry growth over the forecasting period. Moreover, the growing trend of the vitrification method for preserving bio-specimen and the existence of many biobanks attribute to the segment growth in the foreseen period.

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Vitrification Market Size

Competitive Landscape :

Vitrolife, Cook Medical Inc., Fujifilm Irvine Scientific, CooperSurgical Fertility Company, Biotech Inc., IMV Technologies, MINITÜB GMBH, IVF Store LLC, Kitazato Corporation, and Frozen Cell are some of the key players operating in the global market. There are numerous industry competitors introducing innovative products for expanding their business operations around the world. For instance, in January 2021, Kitazato- the leading company for human-assisted reproduction treatments products, is known for the advancements in the R&D of novel gadgets and techniques to combat infertility.

Market Insight :

The availability of male infertility treatment using sperm VD is a major driving factor that impels industry growth across the globe. Around 40-50 percent of infertile couples, majorly males, are accountable for infertility. Generally, among these patients, pregnancies are accomplished by the process of ICSI (intracytoplasmic sperm injection), eggs are detached from the female partners and are injected with a single sperm by utilizing a machine well-known as a Micromanipulator.

With the help of this technologically advanced Sperm Vitrification Device, sperms are taken from testes through TESA/Micro-TESE and frozen before the ICSI. After some sperm are frozen, it is chased by an egg pick up, defrosting the sperm, transfer, ICSI treatment, transfer, and pregnancy. As a result, these factors may lead the industry demand for vitrification over the foreseen period.

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Table of Contents

Introduction     

Executive Summary

Research Methodology

Vitrification Market Insights

Global Vitrification Market, by Specimen

  • Oocytes
    • Devices
    • Kits & Consumables
  • Embryo
    • Devices
    • Kits & Consumables
  • Sperm

Global Vitrification Market, by End-Use

  • IVF Clinics
  • Biobanks

Competitive Landscape

Company Profiles

  • Biotech Inc.
  • Cook Medical Inc.
  • CooperSurgical Fertility Company
  • Frozen Cell
  • Fujifilm Irvine Scientific
  • IMV Technologies
  • IVF Store LLC
  • Kitazato Corporation
  • MINITÜB GMBH
  • Vitrolife

Continued …………..

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Other Studies Relevant to this industry:  https://www.polarismarketresearch.com/industry/Healthcare

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.

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