South Africa Vitrification Market Size & Outlook
South Africa vitrification market, 2018-2030 (US$M)
Related Markets
South Africa vitrification market highlights
- The South Africa vitrification market generated a revenue of USD 17.9 million in 2023 and is expected to reach USD 26.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.8% 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 17.9 million |
| Market revenue in 2030 | USD 26.6 million |
| Growth rate | 5.8% (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, South Africa accounted for 0.2% 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 |
|---|
South Africa 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 41.34% in 2024. Horizon Databook has segmented the South Africa vitrification market based on oocytes, embryo, sperm covering the revenue growth of each sub-segment from 2018 to 2030.
The number of single women freezing their eggs for non-medical reasons is increasing in South Africa. This can be attributed to factors such as the need to avoid impulsive decisions related to conception. This increasing number is anticipated to boost the use of vitrification techniques.
There are a substantial number of clinics, such as Cape Fertility Clinic in South Africa, which provide egg vitrification services to people seeking treatment. There are also egg donor banks, such as Gift of Life.
In addition, sperm banks such as Aevitas Sperm Bank and WIJNLAND Sperm Bank are engaged in offering sperm preservation services. All these factors are anticipated to drive the vitrification market in South Africa.
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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 South Africa vitrification market , including forecasts for subscribers. This country databook contains high-level insights into South Africa vitrification market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa vitrification market size, by specimen, 2018-2030 (US$M)
South Africa Vitrification Market Outlook Share, 2024 & 2030 (US$M)
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