Global 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 2030

“Global Cryopreservation Equipment Market” is the title of a recently published market report compiled by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global cryopreservation equipment market has been segmented on the basis of by equipment, cryogen, application, end-user, as well as regions and countries.

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The Global Cryopreservation Market was valued at UЅD $2,388.2 Мn in 2020, and is projected to achieve a valuation of UЅD $6,709.3 Мn by 2030, at a САGR of 12.9%.

Overview:

Cryopreservation is a process that preserves organelles, cells, tissues, or any other biological constructs by cooling the samples to very low temperatures. Cryopreservation equipment refers to the necessary equipment needed to ensure the success of this process.

Dynamics:

The widespread application of cryopreservation techniques in the biopharmaceutical industry, and the subsequent expansion of this industry, especially in recent years, is a primary factor that is expected to continue to fuel the revenue growth of the global cryopreservation equipment market over the next 10 years.

Moreover, the increasing demand for self-storage of cord blood stem cells, in conjunction with numerous government initiatives aimed at raising awareness levels concerning the benefits of stem cell preservation are also other major factors that are expected to augment future market growth opportunities for this global industry.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global cryopreservation equipment market is no different, and this factor is anticipated to have a negative impact on the revenue growth of this industry. Furthermore, the high costs associated with cryopreservation equipment is also a factor that may impede on the market growth of this global industry in the years to come.

Nonetheless, the steady expansion of industries such as clinical medicine, biomedical research, pharmaceutical, biotechnology, zoology, etc. is expected to open up new areas of market growth for this global industry in the foreseeable future.

Segmentation of the global cryopreservation equipment market is as follows:

In terms of equipment type, the freezers segment accounted for the maximum number of revenue shares of the global cryopreservation equipment market in 2020, and is expected to continue doing so over the forecast period. The sample preparations systems segment is also anticipated to index a high CAGR over the next 10 years.

With regards to cryogen, the liquid nitrogen segment accounted for the highest number of revenue shares of the global cryopreservation equipment market in 2020, and is anticipated to continue doing so over the next decade. The other cryogens segment is also indicative of registering a high CAGR over the forecast period.

On the basis of application, sperms, semen, and testicular tissues segment accounted for the majority number of revenue shares of the global cryopreservation equipment market in 2020, and is indicative of remaining this industry’s front-runner in the foreseeable future. The cord blood stem cells segment is also expected to index a high CAGR over the next 10 years.

With respect to end-user, stem cell banks segment accounted for the majority number of revenue shares in 2020, and is expected to remain index a high CAGR over the forecast period. However, stem cell research laboratories segment is expected to register the highest CAGR over the next 10 years.

Regional Segmentation and Analysis:

North America accounted for the maximum number of revenue shares of the global cryopreservation equipment market in 2020, and is indicative of remaining this industry’s front-runner over the next decade. However, the markets in the Asia Pacific region are anticipated to index the highest CAGR over the forecast period.

Segmentation of the Global Cryopreservation Equipment Market:

Segmentation by Equipment Type:

• Freezers
• Controlled-Rate Freezers
• Rapid Freezers
• Incubators
• Sample Preparation Systems
• Accessories
• Freezer Box
• Cryogenic Vaporizer
• Cryopreservation Vials
• Other Accessories

Segmentation by Cryogen:

• Liquid Nitrogen
• Other Cryogens

Segmentation by Application:

• Cord Blood Stem Cells
• Sperms, Semen, and Testicular Tissues
• Embryos & Oocytes
• Other Applications

Segmentation by End-User:

• Stem Cell Banks
• Biotechnology and Pharmaceutical Organizations
• Stem Cell Research Laboratories
• Other End Users

Segmentation by Regions:

• North America
• Europe
• APAC
• Latin America
• MEA