Australia Vitrification Market Size & Outlook, 2024-2030
Australia vitrification market, 2018-2030 (US$M)
Related Markets
Australia vitrification market highlights
- The Australia vitrification market generated a revenue of USD 231.1 million in 2023 and is expected to reach USD 615.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 15% from 2024 to 2030.
- In terms of segment, oocytes was the largest revenue generating specimen in 2023.
- Sperm is the most lucrative specimen segment registering the fastest growth during the forecast period.
Vitrification market data book summary
| Market revenue in 2023 | USD 231.1 million |
| Market revenue in 2030 | USD 615.8 million |
| Growth rate | 15% (CAGR from 2023 to 2030) |
| Largest segment | Oocytes |
| Fastest growing segment | Sperm |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oocytes, Embryo, Sperm |
| Key market players worldwide | Vitrolife AB ADR, Genea Biomedx, Immersion Corp, The Cooper Companies Inc, FUJIFILM Holdings Corp, BioTech Medics Inc, Nidacon, Minitube, Kitazato, VitaVitro Biotech |
Other key industry trends
- In terms of revenue, Australia accounted for 2.8% of the global vitrification market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China vitrification market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,591.2 million by 2030.
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Vitrification Market Scope
Vitrification Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia vitrification market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vitrification market will help companies and investors design strategic landscapes.
Oocytes was the largest segment with a revenue share of 41.89% in 2024. Horizon Databook has segmented the Australia vitrification market based on oocytes, embryo, sperm covering the revenue growth of each sub-segment from 2018 to 2030.
The availability of sperm banks, IVF clinics, and other facilities providing vitrification services contributes to the growing competition nationwide. Due to the increasing infertility burden in the country, companies are focusing on introducing and expanding their services across the country.
For instance, the first public sperm and egg bank opened in the country in July 2023. Moreover, the availability of fertility preservation service providers such as IVF Australia, Chill, City Fertility, and Monash IVF increases the market rivalry.
In addition, government initiatives help in boosting market competition. For instance, the Australian government-funded Your IVF Success website was launched in 2021. This website helps in providing information about the fertility journey and IVF clinic success rates.
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Target buyers of Australia vitrification market databook
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Our clientele includes a mix of vitrification market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia vitrification market , including forecasts for subscribers. This country databook contains high-level insights into Australia vitrification market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia vitrification market size, by specimen, 2018-2030 (US$M)
Australia Vitrification Market Outlook Share, 2024 & 2030 (US$M)
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