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Global Egg Freezing Service Market Size By Product, By End User, By Geographic Scope And Forecast


Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Egg Freezing Service Market Size By Product, By End User, By Geographic Scope And Forecast

Egg Freezing Service Market Size And Forecast

Egg Freezing Service Market size was valued at USD 6.4 Billion in 2024 and is projected to reach USD 13.8 Billion by 2031, growing at a CAGR of 4.9% during the forecast period 2024-2031.

The rising number of women going for higher education, the rising number of women who prefer late pregnancy, and the rising number of incidences of cancer among women are some of the factors anticipated to foster market growth during the forecast period. The Global Egg Freezing Service Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Egg Freezing Service Market Definition

Egg freezing, also termed as mature oocyte cryopreservation is a method to retrieve women’s eggs for future use. The process includes stimulation of ovaries, post which the viable eggs are retrieved and frozen for future utilization. There are two methods of freezing eggs- slow freezing and fast freezing (also known as vitrification). The latter process involves freezing the eggs at an ultra-rapid pace to prevent the formation of ice crystals.

Earlier, this method was used primarily by women who would undergo chemotherapy for treatment of cancer. Chemotherapy is known to affect women’s fertility. However, nowadays with a greater number of women going for higher education and interested in strengthening their career, egg freezing is being carried out for social reasons as well.

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Global Egg Freezing Service Market Overview

Women wanting to advance their careers and a greater number of women aspiring to go for higher education are some of the major factors driving the market. Egg freezing offers many benefits to women who wish to get pregnant at a mature age. For instance, it enables them to get the opportunity to be parents of genetically related children. It also reduces the risk of children being born with abnormalities because of conception at an advanced age. It is also a great alternative for women who do not have a partner but wish to have genetically related children. It is also proven to be beneficial for women who have health issues that can a deteriorating effect on egg quality and fertility.

However, there are certain side effects and precautions to be taken which can restrain the growth of egg freezing services. There are emotional costs associated to the process. The process can often lead to instilling false hopes among women. Even after successfully retrieving and storing the egg, the chances of fertilization are not 100%. The clinical rate of pregnancy per vitrified oocyte is 4.5%-12%. Moreover, this data is obtained from women who were able to conceive at an age of less than 30 years.

The rate of pregnancy decreases for women who are of a more mature age. A lot of clinics place an age limit on the age of women to whom they suggest egg freezing services. The financial costs associated can act as another market restraint. A single cycle can be extremely costly and the cost doesn’t usually include the cost of IVF and storage. Egg storage costs, similarly are too high and also indefinite. A woman might not know for how long she’ll need the egg. The process for preparation involves a woman injecting hormones into her body which can have severe side effects and can cause weight gain and many other discomforts.

Global Egg Freezing Service MarketSegmentation Analysis

The Global Egg Freezing Service Market is segmented based on Product, End-User, and Geography.

Egg Freezing Service Market, By Product

• Slow Freezing• Rapid Freezing

Based on Product, the market is bifurcated into Slow Freezing and Rapid Freezing segments. The rapid freezing segment accounted for a higher market share as it enables the cell to solidify quickly and thus prevents the formation of ice crystals. This ensures that the frozen eggs do not get damaged.

Egg Freezing Service Market, By End User

• 25-30 Year Old Female• 30–40-Year-Old Female

Based on End User, the market is segmented into 25-30-year-old females and 30-40-year-old females. The 25-30-Year-old female segment accounts for the largest market share as retrieving and storing viable eggs is more successful at an earlier age as compared to a lower age. This is because women are more fertile in the age group of 25-30.

Egg Freezing Service Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of regional analysis, the Global Egg Freezing Service Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America held the largest revenue share of 39.62% in 2019 and is expected to maintain the lead throughout the forecast period. The U.S. and Canada accounted for the leading share in the North American market. Key factors contributing to its growth include a higher number of women going for higher education and pregnancy at an age greater than 30. The Asia Pacific region is the fastest-growing region. The growth can be attributed to the increasing rate of literacy in the countries belonging to this region.

Key Players

The “Global Egg Freezing Service Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are CHA Medical Group, Trellis, Reproductive Biology Associates, Extend Fertility, Mayo Clinic, CREATE Fertility, Shady Grove, IVF Australia, FrzMyEggs, and West Coast Fertility Centers.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

CHA Medical Group, Trellis, Reproductive Biology Associates, Extend Fertility, Mayo Clinic, CREATE Fertility, Shady Grove, IVF Australia

SEGMENTS COVERED
  • By Product
  • By End-User
  • By Geography
CUSTOMIZATION SCOPE

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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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Table of Content

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