Germany Vitrification Market Size & Outlook, 2023-2030
Germany vitrification market, 2018-2030 (US$M)
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Germany vitrification market highlights
- The Germany vitrification market generated a revenue of USD 465.3 million in 2023 and is expected to reach USD 1,392.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 17% 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 465.3 million |
| Market revenue in 2030 | USD 1,392.6 million |
| Growth rate | 17% (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, Germany accounted for 5.7% 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 Europe, Spain vitrification market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 2,002.8 million by 2030.
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Vitrification Market Scope
Vitrification Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 41.84% in 2023. Horizon Databook has segmented the Germany vitrification market based on oocytes, embryo, sperm covering the revenue growth of each sub-segment from 2018 to 2030.
In 2019, the number of IVF cycles recorded in Germany was around 109,979. This shows the increased use of fertility treatments in the country, which is expected to boost the use of vitrification techniques for egg, embryo, and sperm preservation in the country.
In addition, a new proposal has been issued by Germany's National Academy of Science, Leopoldina, for updating ART legislation. As per the old law, egg donation and surrogacy are prohibited in the country.
With changes in the regulatory framework proposed by members of the German parliament for the legalization of noncommercial egg donation and surrogacy and permission to provide fertility treatment access to the LGBTQ community & single parent, the chances of increasing usage rates of vitrification techniques are high over the coming years.
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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 Germany vitrification market , including forecasts for subscribers. This country databook contains high-level insights into Germany vitrification market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany vitrification market size, by specimen, 2018-2030 (US$M)
Germany Vitrification Market Outlook Share, 2023 & 2030 (US$M)
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