VITRIFICATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Takeaways from Analyst

The global vitrification market is expected to grow significantly over the forecast period owing to rising prevalence of infertility globally. Increasing fertility tourism and rising number of fertility clinics worldwide are some of the major factors expected to drive demand. Furthermore, growing acceptance of vitrification as a superior cryopreservation technique compared to slow freezing is expected to support market growth.

However, high costs associated with vitrification procedures is expected to hinder market growth to some extent. Moreover, lack of awareness about available fertility treatment options in developing nations may also restrain the market growth in the coming years.

North America is expected to dominate the global vitrification market during the forecast period. High fertility rates in the region along with a strong presence of key players are some factors contributing to its large share. On the other hand, Asia Pacific is likely to witness fastest growth owing to rising medical tourism coupled with improving healthcare infrastructure in emerging economies.