India Vitrification Market Size & Outlook, 2024-2030
India vitrification market, 2018-2030 (US$M)
Related Markets
India vitrification market highlights
- The India vitrification market generated a revenue of USD 377.1 million in 2023 and is expected to reach USD 1,116.0 million by 2030.
- The India market is expected to grow at a CAGR of 16.8% 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 377.1 million |
| Market revenue in 2030 | USD 1,116.0 million |
| Growth rate | 16.8% (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, India accounted for 4.6% 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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India 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% in 2024. Horizon Databook has segmented the India vitrification market based on oocytes, embryo, sperm covering the revenue growth of each sub-segment from 2018 to 2030.
As per the journal published in December 2019, around 8.9% of women in the reproductive age group in the urban population of central India suffer from primary infertility issues. Thus, the prevalence of infertility issues has increased the demand for egg and sperm preservation.
In addition, with increasing awareness about available facilities to preserve bio-specimens, more men are choosing to freeze their sperm in the country. This is anticipated to increase the use of vitrification techniques for fertility biospecimen preservation.
Greater awareness about changing societal trends, social acceptance of fertility preservation techniques, and the increasing number of women with career goals have positively impacted the demand for egg freezing in India.
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Our clientele includes a mix of vitrification market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the India vitrification market , including forecasts for subscribers. This country databook contains high-level insights into India vitrification market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India vitrification market size, by specimen, 2018-2030 (US$M)
India Vitrification Market Outlook Share, 2024 & 2030 (US$M)
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