China Vitrification Market Size & Outlook, 2024-2030
China vitrification market, 2018-2030 (US$M)
Related Markets
China vitrification market highlights
- The China vitrification market generated a revenue of USD 897.4 million in 2023 and is expected to reach USD 3,591.2 million by 2030.
- The China market is expected to grow at a CAGR of 21.9% 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 897.4 million |
| Market revenue in 2030 | USD 3,591.2 million |
| Growth rate | 21.9% (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, China accounted for 10.9% 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 |
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China 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 42.29% in 2024. Horizon Databook has segmented the China vitrification market based on oocytes, embryo, sperm covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing focus of Chinese citizens on IVF indicates the growth of the market in the country. In addition, the companies offering IVF and fertility services, including vitrification, are anticipated to grow lucratively in the region.
For instance, Sichuan Jinxin Fertility Company Limited, which provides assisted reproductive services, launched its Initial Public Offering (IPO) in July 2019. Moreover, the companies operating in this market are undertaking various initiatives to boost their market presence.
For instance, in 2023, Cooper Surgical Fertility Company introduced a technical course on the vitrification of embryos, oocytes, and blastocysts in China. Such initiatives help increase awareness about companies' products and services for vitrification, thus increasing the competition in the market.
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Target buyers of China 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China vitrification market , including forecasts for subscribers. This country databook contains high-level insights into China vitrification market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China vitrification market size, by specimen, 2018-2030 (US$M)
China Vitrification Market Outlook Share, 2024 & 2030 (US$M)
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