MarketResearch.biz has recently published its market report titled, “Global Cryopreservation Equipment Market on the basis of Equipment Type, Cryogen, Application, End User, and Region – Forecast from 2020 to 2029”. The report offers a deep-dive analysis of the global cryopreservation equipment market. It is through systematic and exhaustive research efforts, both primary and secondary, as well as ideal segmentation that the research results have been gleaned over the study period. The report also presents the first five-year cumulative revenue (2020–2024), which is projected to be valued at around US$ 15 Billion, and this is expected to increase rather moderately over the latter part of the five-year forecast period.
Cryopreservation refers to a procedure to preserve cells, organelles, tissues, and other substances by cooling these biological constructs at significantly low temperatures. The reactions of living cells to freezing at low temperatures are of practical relevance and theoretical interests. Human stem cells or tissues have tremendous potential and can be used for research and for numerous medical applications. These viable biological substances may get damaged if stored in general refrigerators for a longer period of time as it will result in formation of a layer of ice crystal, and can also lead to membrane damage and osmotic shock during freezing process and ultimately leading to cell death. In the recent years, cryopreservation of tissues and cells is gaining popularity, by using temperature control equipment and cryoprotective agents. The main objective of cryopreservation process is to reduce damages to biological substances such as stem cells, mammalian cells, tissues, plant cells; fungi, bacteria, viruses, etc. during cryopreservation.
Browse the full “Cryopreservation Equipment Market By Equipment Type (Freezers, Incubators, and Others), By Cryogen (Liquid Nitrogen, Others), By Application (Cord Blood Stem Cells, Sperms, Semen, Other Applications), and Region – Global Forecast to 2029” report at https://marketresearch.biz/report/cryopreservation-equipment-market/
Global Cryopreservation Equipment Market: Dynamics
Cryopreservation process is used for therapy and storage of stem cells. Thus, increasing demand for self-storage of cord blood stem cells coupled with increasing government initiatives in order to spread awareness regarding preservation of stem cells is another factor driving target market growth. Advancements in cryopreservation equipment such as controllers that can monitor and control the temperature inside the freezer, and offer higher accuracy, as well as freezers with higher efficiency, reduced LN2 usage, and enhanced safety and usability is expected to increase adoption of various cryopreservation equipment thereby fueling market growth. Increasing advancements in long-term preservation of pluripotent stem cells, cord-cell preservation, umbilical cord blood preservation, and bone marrow to obtain multiple tissue engineering and regenerative applications is expected to drive target market growth.
Global Cryopreservation Equipment Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global cryopreservation equipment market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global cryopreservation equipment market is expected to expand at a CAGR of 8.3% over the forecast period.
Global Cryopreservation Equipment Market: Segmental Snapshot
The market report has been segmented on the basis of equipment type, cryogen, application, end user, and region. The equipment type segment includes freezers, incubators, sample preparation systems, and accessories. The cryogen segment includes liquid nitrogen, and other cryogens. The application segment includes cord blood stem cells, sperms, semen, and testicular tissues, embryos & oocytes, and other applications. The end user segment includes stem cell banks, biotechnology and pharmaceutical organizations, stem cell research laboratories, and other end users. The regions covered in the analysis includes North America, Europe, Asia Pacific, South America, and Middle East & Africa.
By Equipment Type: The freezers equipment type segment is expected to account for the highest revenue share as compared to other equipment type segments, and is expected to register highest CAGR of more than 12.6% over the forecast period
By Cryogen: The liquid nitrogen segment is estimated to account for highest revenue share as compared to that of other cryogen segments, and is projected to register highest CAGR of more than 12.1% over the forecast period.
By Application: The sperms, semen, and testicular tissues segment is expected to account for highest revenue share contribution as compared to other application segments. The cord blood stem cells segment is expected to register a CAGR of more than 12.7% over the 10-year forecast period
By End User: The stem cell banks segment is estimated to account for highest revenue share as compared to that of other segments. The stem cell research laboratories segment is projected register highest CAGR of more than 13% over the forecast period.
By Region: The market in North America is estimated to account for highest revenue share in the global cryopreservation equipment market. The Asia Pacific market is projected to register highest CAGR of over 13.2% in terms of revenue
Global Cryopreservation Equipment Market: Competitive Analysis
The global cryopreservation equipment market report includes profiles of prominent players such as General Electric Company, Thermo Fisher Scientific Inc., Praxair Inc., Planer PLC, Custom Biogenic Systems Inc., Brooks Life Sciences, CryoLogic Pty. Ltd., Charter Medical, Ltd., and Chart Biomedical Co. Ltd.
“Global Cryopreservation Equipment Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2020–2029” report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global cryopreservation equipment market for 2019–2029.
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