Manufactures in the market are producing improved version with life span ranging from six months to one year.
Popularity for Egg Freezing to Propel the Cryopreservation & Fertilization Media Demand
The global cryopreservation & fertilization media market survey conducted by Fact.MR offers insights into key drivers and upcoming opportunities in the market over the forthcoming decade. The report also highlights key factors influencing cryopreservation & fertilization media demand outlook in terms of product type, media type and end user through 2031.
Manufactures in the market are producing improved version with life span ranging from six months to one year. The availability of such advanced products will boost demand, according to Fact.MR, because IVF clinics, hospitals, and academic research institutions are the target end-users of the cryopreservation & fertilization media market.
According to the Society of Assisted Reproductive Technology, 10,936 women in the United States frozen their eggs in 2017. In comparison to 2009 data analysis, the number has climbed to 23%. Due to this consequence, Silicon Valley leaders such as Google and Facebook provided oocyte cryopreservation services to their employees as part of their benefit plans. It has opened up new avenues for expansion in the cryopreservation and fertilization media market.
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The unexpected pandemic has had a significant impact on the IVF industry. Months of preparation and processing are required for the IVF procedure. As a result, the number of treatment cycles has reduced dramatically, resulting in a decrease in demand for IVF products.
The process of freezing eggs, sperms, and embryos to a subzero temperature is known as cryopreservation. It lengthens the life of the cells. In the in-vitro fertilization process, fertilization media is used to inseminate and incubate eggs.
“Oocyte cryopreservation is useful to treat a woman undergoing chemotherapy or radiation therapy. Oocyte cryopreservation has recently gained popularity in advanced economies is the primary factor boosting growth of market,” said a Fact.MR analyst.
Key takeaways:
- In 2018, in the U.S., 306,197 ART cycles were performed at the 456 clinics increasing demand in U.S. capitalizing the market.
- East Asian Economies such as China and South Korea has witnessed decreased birth rates and are expected to boost the demand of new products.
- Government in emerging economies taking initiatives that support assisted reproductive technology (ART) treatment.
- Asian countries are promoting incentives and program funding to IVF fertilization.
Growth drivers:
- The commercialization of the media has resulted in increasing rivalry, which has resulted in higher standards and their application to medical practice.
- Market growth is projected to be aided by increased awareness of IVF technology.
Key restraints:
- Expensiveness of IVF and cryopreservation may restrict market expansion.
- Lack of knowledge about assisted reproductive technology (ART) treatments in developing countries.
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Competitive Landscape
Product upgradation is a major strategy for leading companies in the cryopreservation and fertilization media market. This will aid important firms in advancing their increase in market share. For example,
- In February 2020, Kitazato produced enhanced version of Vitrification and thawing media. It has 3 months longer life span than previous version.
- In October 2019, FUJIFLIM Irvine Scientific attained approval for assisted reproductive technology (ART) treatments expanding company values in the European regions.
Other key players operating in the market are
- Cooper Surgical
- Vitrolife AB
- Cook Medical
- FUJIFILM Irvine scientific
- Kitazato Corporation
- Genea Biomedx
- GYNEMED GmbH & Co.,KG (A Hamilton Thorne Company)
- FERTIPRO NV
- Nidacon International AB
- Microm Ltd.
More Insights on the Global Cryopreservation and Fertilization Media Market:
Fact MR, in its new offering, brings to fore an unbiased analysis and global industry analysis of the global cryopreservation and fertilization media market presenting historical demand data (2016-2020) and forecast statistics for the period (2021-2031). The study divulges compelling insights on the cryopreservation and fertilization media market with a detailed segmentation based on:
- Based on product type
- Cryopreservation media
- Freezing Pack/Kits
- Thawing Pack/Kits
- Vitrification Pack/Kits
- Fertilization Media
- Cryopreservation media
- Based on media type
- Single Step Media
- Sequential/Two-step media
- Based on end user
- In-VitroFertility Centers
- Hospitals
- Academic Research Institutes
- Based on the region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
Explore Fact.MR’s Coverage on the Healthcare Domain –
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Gamete Preservation Market Analysis - The Gamete Preservation market is being driven by advancements in cryopreservation techniques, rising care, the advent of fertility tourism, and rising induction to infertility therapy.
Sperm Processing Media Market Insights - As the incidence of treatment adoption rises, the cultural change toward same-sex marriage is projected to boost demand for sperm processing media. During the ART treatment, sperm processing is a critical stage. As a result, the need for sperm processing media is increasing at an exponential rate.
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