Brazil Vitrification Market Size & Outlook, 2024-2030
Brazil vitrification market, 2018-2030 (US$M)
Related Markets
Brazil vitrification market highlights
- The Brazil vitrification market generated a revenue of USD 93.3 million in 2023 and is expected to reach USD 230.6 million by 2030.
- The Brazil market is expected to grow at a CAGR of 13.8% 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 93.3 million |
| Market revenue in 2030 | USD 230.6 million |
| Growth rate | 13.8% (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, Brazil accounted for 1.1% 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 Latin America, Brazil vitrification market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 230.6 million by 2030.
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Vitrification Market Scope
Vitrification Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 41.8% in 2024. Horizon Databook has segmented the Brazil vitrification market based on oocytes, embryo, sperm covering the revenue growth of each sub-segment from 2018 to 2030.
According to an article in Wall Street Journal published in March 2018, imports of overseas sperm, mainly from the U.S. have increased in Brazil. This shows the increased use of sperm and egg preservation techniques in the country, which is anticipated to further increase the use of vitrification techniques for bio-specimen preservation.
In Brazil, there are around 150 infertility treatment centers that offer treatments. Over the past 50 years, the fertility rate in the country has been declining, which is currently fewer than two births per woman.
This declining rate shows changed lifestyle of people in the country and is anticipated to drive the vitrification market by increasing the use of egg & sperm preservation services. Despite the prolonged macroeconomic crisis in the country, there has been a lucrative growth in investments, which is expected to contribute to market growth.
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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 Brazil vitrification market , including forecasts for subscribers. This country databook contains high-level insights into Brazil vitrification market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil vitrification market size, by specimen, 2018-2030 (US$M)
Brazil Vitrification Market Outlook Share, 2024 & 2030 (US$M)
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