South Korea Vitrification Market Size & Outlook, 2023-2030
South Korea vitrification market, 2018-2030 (US$M)
Related Markets
South Korea vitrification market highlights
- The South Korea vitrification market generated a revenue of USD 140.9 million in 2023 and is expected to reach USD 315.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 12.2% 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 140.9 million |
| Market revenue in 2030 | USD 315.5 million |
| Growth rate | 12.2% (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, South Korea accounted for 1.7% 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 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 |
|---|
South Korea 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 42.3% in 2023. Horizon Databook has segmented the South Korea vitrification market based on oocytes, embryo, sperm covering the revenue growth of each sub-segment from 2018 to 2030.
The number of women opting to freeze their eggs is significantly increasing in the country. Moreover, facilities such as CHA Medical Center and Maria Fertility Hospital provide vitrification services. For instance, in 2021, many single unmarried women underwent egg-freezing at CHA Medical Center.
Moreover, companies are undertaking various strategies to increase awareness about infertility treatment services. For instance, the Fertility Institute of Hawaii, which offers preservation facilities, undertakes novel strategies to promote awareness about IVF treatments and egg freezing, sperm freezing, and embryo freezing services.
For instance, in February 2023, the facility doctors live-streamed on Facebook and discussed various topics about fertility preservation.
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Target buyers of South Korea 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 South Korea vitrification market , including forecasts for subscribers. This country databook contains high-level insights into South Korea vitrification market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea vitrification market size, by specimen, 2018-2030 (US$M)
South Korea Vitrification Market Outlook Share, 2023 & 2030 (US$M)
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