Canada Vitrification Market Size & Outlook, 2024-2030
Canada vitrification market, 2018-2030 (US$M)
Related Markets
Canada vitrification market highlights
- The Canada vitrification market generated a revenue of USD 187.7 million in 2023 and is expected to reach USD 603.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 18.2% 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 187.7 million |
| Market revenue in 2030 | USD 603.2 million |
| Growth rate | 18.2% (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, Canada accounted for 2.3% 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 North America, U.S. vitrification market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 603.2 million by 2030.
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Vitrification Market Scope
Vitrification Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 42.19% in 2024. Horizon Databook has segmented the Canada vitrification market based on oocytes, embryo, sperm covering the revenue growth of each sub-segment from 2018 to 2030.
Infertility is a significant concern in Canada and is associated with a wide number of factors. According to the Canadian Fertility and Andrology Society (CFAS), on average, one in six Canadians experience infertility.
In Canada, Health Canada is the authority that manages overall ART operations and is also responsible for formulating specific guidelines for handling and storage of cryopreserved samples including embryos and oocytes.
Specifically, the Assisted Human Reproduction Act (AHR Act) oversees activities associated with assisted reproduction in the country. The act was passed in 2004 and was formed to secure and promote the health, dignity, safety, and rights of Canadian people who use or are born of AHR technology.
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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 Canada vitrification market , including forecasts for subscribers. This country databook contains high-level insights into Canada vitrification market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada vitrification market size, by specimen, 2018-2030 (US$M)
Canada Vitrification Market Outlook Share, 2024 & 2030 (US$M)
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