Increasing Number Of Women Opting For The Egg Freezing Process Will Boost The Demand For Cryopreservation & Fertilization Media Market

Global Cryopreservation & Fertilization Media Market: Market Outlook

Cryopreservation includes freezing of eggs, sperms, and embryos to a subzero temperature. This process allows the use of preserved cells during the later phase of a fertility treatment cycle. When required, they are thawed, fertilized and then used in fertility treatment cycles. It increases the life span of the cells, as freezing suspends the biological activities of the cell. This state of the cells remains the same until they undergo the thawing process. The lab uses the cryopreservation media to prevent damage to the cells during the process.

IVF fertilization media is used during an in-vitro fertilization procedure for insemination and incubation of oocytes. This IVF fertilization media contains carbohydrates (glucose, fructose, and lactate) and amino acids. Altogether these represent energy sources for the developing embryo.

Manufacturers operating in this market are introducing an enhanced version of the cryopreservation & fertilization media, which has extended shelf-life ranging from 6 months to a year. Availability of such advanced products will drive its demand among IVF clinics, hospitals, academic research centers as these are the major end-users of the cryopreservation & fertilization media market.

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What are the Key Trends Impacting Growth of the Cryopreservation & Fertilization Media Market?

New product launches and approvals is one of the key trends observed in the cryopreservation & fertilization media market. The players in the market are aiming to launch products with enhanced features such as longer shelf-life and improved efficacy. Further, the manufacturers are also expanding their regional presence by receiving the U.S. FDA and CE. Availability of such improved products will drive its adoption among the end users. Thus, this trend is anticipated to have a positive influence on the cryopreservation & Fertilization market during the forecast period.

How the Growing Popularity for Egg Freezing/oocyte cryopreservation is expected to impact the Cryopreservation & Fertilization Media Market

Oocyte cryopreservation has recently gained more attention and has become a popular option in assisted reproductive technology especially, in advanced economies. A woman undergoing medical treatments such as radiation therapy or chemotherapy or have any genetic condition seeks egg freezing/oocyte cryopreservation as one of the most viable options.

A growing number of oocyte cryopreservation is yet another factor fueling the growth of the market. According to the Society of Assisted Reproductive Technology, in the US, in 2017, 10,936 women froze their eggs. This number has gone up by 23% as compared to the data recorded in 2009. This trend is further supported by Silicon Valley leaders such as Google and Facebook. They offer egg freezing/oocyte cryopreservation services as a part of their employee benefit plan. Owing to such significant support, the number of women opting for the egg freezing process will see a rise. This, in turn, will boost the demand for the cryopreservation media, and thus will have a positive influence on market growth.

How is Egg and embryo banking cycles creating the Demand for Cryopreservation & Fertilization Media?

Owing to the high number of infertility cases, the demand for assisted reproductive technology (ART) treatments has witnessed a significant rise. This trend is more prevalent in advanced economies such as the U.S. In 2018, in the U.S., 306,197 ART cycles were performed at the 456 clinics. Of these ART cycles performed, 103,197 were egg and embryo banking cycles (Source: CDC’s Fertility Success Report, 2018). In this process the resulting embryos and eggs were frozen for future use. Moreover, the Government in emerging economies is coming up with initiatives that support ART treatment. . As a result, the market will witness significant growth during the study period.

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What are the Key Challenges that may Restrain Growth of the Cryopreservation & Fertilization Market?

Despite the positive outlook on market growth, the high cost of IVF and cryopreservation is likely to restrict market growth. Apart from this, low awareness of ART procedures in developing countries is one-factor that have a negative influence on the market during the study period.

Competitive Landscape

Key players operating in the cryopreservation & fertilization market include

• 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

What strategies are the Key Players adopting in order to Increase their Market Share in the Cryopreservation & Fertilization Media Market?

Key players in the cryopreservation & fertilization media market are focusing on product upgradation as one of the key growth strategies. This will help the players enhance their product portfolio which will help in increasing their overall market share

• In February 2020, Kitazato introduced upgraded version of its Vitrification and Thawing Media. The new upgraded version of these media will have a long shelf life of 6 months as compared to 3 months for the previous version.

Also, the key players in the cryopreservation and fertilization media market are focused on getting regulatory approvals for various IVF media in order to reach out to maximum number of customers through their regional presence

• In October 2019, FUJIFLIM Irvine Scientific received CE approval for its ART products, including its cryopreservation media, allowing the company to expand their footprints in the European Region.

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What are the Key Opportunities for Cryopreservation and fertilization media Manufacturers?

Over the years the demand for the assisted reproductive technology (ART) treatment is growing at a global level, thus driving the demand of the IVF culture media. The commercialization of the media has created competition which has increased the standards and has implemented it to the clinical practice. Taking this into consideration, various industry players are focusing on the introducing new enhanced media solution. Some of the recent launches in this segment include Vit Kit-Freeze NX and Vit Kit NX (Fujifilm, September 2019), VT810 Vitrification media (Kitazato, February 2020). The availability of improvised version of these products are expected to drive the demand among its end users. Thus, introduction of new and advance products will provide cryopreservation & fertilization media manufacturers an edge to capitalize opportunities in the global market

Why is the U.S. a Big Market for Cryopreservation and Fertilization media?

Increasing number of in-fertility cases is one of the major factors contributing to the high share of this region. Additionally, the increase awareness about the IVF technologies further expected to drive the growth of this regional segment. Apart from the awareness, growing product approvals in the U.S. favorable reimbursement scenario for the IVF procedures is expected to drive the demand for the cryopreservation products, thus making the US one of the big market for cryopreservation and fertilization media.

Will China and South Korea Grasp a Higher Market Share for East Asia in the Cryopreservation & Fertilization Market?

East Asian Economies such as China and South Korea has witnessed a drop in the birth rates. Specifically, South Korea has seen a significant decline. To overcome this situation, and create a balance between aging population, the government in these countries are expected offer certain incentives and programs including IVF to promote the births in the country. Also, as more number of couples opt for IVF treatment cycles, the demand for IVF products such as cryopreservation & fertilization media is expected to boost the demand of these products. Thus, China and South Korea is projected to garner higher market share in East Asia during the study period.

What is the Repercussion of the Pandemic on the Growth of the Cryopreservation & Fertilization Media Market?

The sudden pandemic outburst and stricter lockdown measures have created a severe impact on the IVF sector. As the IVF process takes several months of planning, the crises have severely impacted this sector. Many prospective parents had to postpone their plan, while the ones who were undergoing treatment could not complete their treatment cycle, leading to psychological and financial disturbances. As the number of treatment cycles significantly dropped, the demand for IVF products such as cryopreservation and fertilization media dropped during this phase. However, with the availability of vaccines and on-going vaccination drive, now the fertility clinics have reopened and are coming back to normal. Initially, the demand for IVF products such as cryopreservation & fertilization media will witness a slow start, it will eventually pick the pace and will grow at a significant rate during the forecast p

Key Segments of Cryopreservation & Fertilization Media Market Covered in the Report

• Based on product type, the cryopreservation & fertilization media market has been segmented as

  • Cryopreservation media
    • Freezing Pack/Kits
    • Thawing Pack/Kits
    • Vitrification Pack/Kits
  • Fertilization Media

• Based on media type, the cryopreservation & fertilization media market has been segmented as

  • Single Step Media
  • Sequential/Two-step media

• Based on end user, the cryopreservation & fertilization market has been segmented as

  • In-VitroFertility Centers
  • Hospitals
  • Academic Research Institutes

• Based on the region, the cryopreservation & fertilization media market has been segmented as

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

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