U.S. Vitrification Market Size & Outlook, 2023-2030
U.S. vitrification market, 2018-2030 (US$M)
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U.S. vitrification market highlights
- The U.S. vitrification market generated a revenue of USD 1,746.7 million in 2023 and is expected to reach USD 4,969.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 16.1% 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 1,746.7 million |
| Market revenue in 2030 | USD 4,969.9 million |
| Growth rate | 16.1% (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, U.S. accounted for 21.3% 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 North America, U.S. vitrification market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 603.2 million by 2030.
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Vitrification Market Scope
Vitrification Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 41.93% in 2023. Horizon Databook has segmented the U.S. vitrification market based on oocytes, embryo, sperm covering the revenue growth of each sub-segment from 2018 to 2030.
Infertility is among the common concerns for the U.S. population. There can be many factors leading to infertility. Some of the common factors leading to infertility in men and women are underlying disease conditions, genetic conditions, and lifestyle-associated factors.
According to the CDC, the percentage of women aged 15-49 have an impaired fecundity rate of 13.4%, and the percentage of infertile married women aged 15-49 is around 8.5% in the country. The U.S. is one of the key markets for vitrification services.
According to the Society for Assisted Reproductive Technology, in 2020, the number of donor oocyte banking cycles was 1374, and oocyte banking for fertility preservation was 16,786 in the U.S. This showed an increased use of fertility preservation techniques in the country, which is anticipated to further promote the use of vitrification for the same.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. vitrification market , including forecasts for subscribers. This country databook contains high-level insights into U.S. vitrification market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. vitrification market size, by specimen, 2018-2030 (US$M)
U.S. Vitrification Market Outlook Share, 2023 & 2030 (US$M)
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