Saudi Arabia Vitrification Market Size & Outlook
Saudi Arabia vitrification market, 2018-2030 (US$M)
Related Markets
Saudi Arabia vitrification market highlights
- The Saudi Arabia vitrification market generated a revenue of USD 28.6 million in 2023 and is expected to reach USD 67.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 13.2% 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 28.6 million |
| Market revenue in 2030 | USD 67.9 million |
| Growth rate | 13.2% (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, Saudi Arabia accounted for 0.3% 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 Middle East & Africa, Saudi Arabia vitrification market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 67.9 million by 2030.
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Vitrification Market Scope
Vitrification Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 42.31% in 2024. Horizon Databook has segmented the Saudi Arabia vitrification market based on oocytes, embryo, sperm covering the revenue growth of each sub-segment from 2018 to 2030.
Infertility in Saudi Arabia has become a major concern as the condition affects around 10%–15% of couples in the country, thereby creating a high demand for ARTs in the country. Moreover, Saudi Arabia is the leader in the market across the Middle East region owing to its higher population as compared to other countries.
In recent years, the country allowed IVF and ARTs as a legal practice, thus, creating a strong demand for vitrification services. In addition, increasing population, rising infertility rates, and growing awareness about infertility treatments are projected to drive the country’s market in the coming years.
The high number of service providers, rising collaboration among hospitals, and supportive government legislation are expected to propel the growth of the country’s market. For instance, International Medical Center has established its own ART unit to provide accurate diagnosis and treatment to needful people.
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Target buyers of Saudi Arabia 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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia vitrification market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia vitrification market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia vitrification market size, by specimen, 2018-2030 (US$M)
Saudi Arabia Vitrification Market Outlook Share, 2024 & 2030 (US$M)
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