Spain Vitrification Market Size & Outlook, 2023-2030
Spain vitrification market, 2018-2030 (US$M)
Related Markets
Spain vitrification market highlights
- The Spain vitrification market generated a revenue of USD 588.1 million in 2023 and is expected to reach USD 2,002.8 million by 2030.
- The Spain market is expected to grow at a CAGR of 19.1% 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 588.1 million |
| Market revenue in 2030 | USD 2,002.8 million |
| Growth rate | 19.1% (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, Spain accounted for 7.2% 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 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 |
|---|
Spain 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 41.61% in 2023. Horizon Databook has segmented the Spain vitrification market based on oocytes, embryo, sperm covering the revenue growth of each sub-segment from 2018 to 2030.
The country’s supportive healthcare policies & initiatives to increase public awareness regarding fertility treatment are expected to increase the demand for ARTs in the country. According to the Global Competitiveness 2020 Report, the World Economic Forum placed Spain as the country with the world's best healthcare system.
Key players in the market are adopting strategies such as collaborations, launch of products, and acquisitions to maintain their position in the market. For instance, in December 2021, INVO Bioscience, Inc.
Expanded its agreement with Ovoclinic Spain to accelerate the adoption of INVOcell within their markets. Ovoclinic is a leading provider of ARTs in the country. With a 2% increase in total fertility cycles in Spain, frozen cycles accounted for 20% of them in 2019.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain vitrification market , including forecasts for subscribers. This country databook contains high-level insights into Spain vitrification market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain vitrification market size, by specimen, 2018-2030 (US$M)
Spain Vitrification Market Outlook Share, 2023 & 2030 (US$M)
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