MarketResearch.biz delivers in-depth insights on the global cryopreservation equipment market in its upcoming report titled, “Global Cryopreservation Equipment Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global cryopreservation equipment market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global cryopreservation equipment market report has been segmented on the basis of equipment type, cryogen, application, end user, and region.
Cryopreservation equipment plays an important role in cryopreservation where, various cells, tissues, and cell culture are stored and maintained for long period of time for various future applications. Increasing awareness about cryopreservation among the general population is a major factor driving growth of the target market.
Innovation in technology and development in cryopreservation equipment are other factors supporting growth of cryopreservation technology in various applications. For instance, cryopreservation is followed for preservation of oocytes and embryos in case of women diagnosed with cancer and who have to undergo chemotherapy. According to Assisted Reproductive Technology, in Australia and New Zealand, in between 2009 to 2013, more than 25% growth is occurred in the birth rate associated with frozen embryo transfers, which was 18% in 2009 reached to 23% in 2013.
Furthermore, as per UNSW's National Perinatal Epidemiology and Statistics Unit (NPESU), in between 2009 to 2013 IVF treatment using frozen embryos increased from 39% of life cycles to 45% of life cycles.
Continuous product development and increased focus on product innovation by leading players expected to boost growth of the global cryopreservation equipment market. For example, in January 2018, Linde LLC (The Linde Group) – a leading gases and engineering company has announced to launch next generation cryogenic freezer with improved chilling solutions and quick freezing ability for various applications in the International Production & Processing Expo (IPPE) in Atlanta.
Furthermore, in January 2018, Linde LLC (The Linde Group) has presented their new CRYOLINE CWI CRYOWAVE impingement freezer in IPPE at Atlanta. This equipment use liquid nitrogen gas to perform cryowave product agitation with cryogenic gas impingement flows.
However, high cost of the product development as well as high cost of cryopreservation equipment are major factor expected to hamper growth of the global cryopreservation equipment market up to a certain extent.
North America market dominates the global cryopreservation equipment market in terms of revenue contribution as compared to that of markets in other regions. This is attributed to increasing mergers, acquisition, and collaboration activity among leading players in the region. Europe accounts for second-largest revenue share contribution to the global cryopreservation equipment market, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively. The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years, owing to increasing government initiative for preservation of stem cells in the region. Also, the leading players are conducting awareness activities to spread importance of stem cell preservation and benefits associated with it are other factors supporting growth of the target market in countries in the region.
Global cryopreservation equipment market segmentation, by equipment type:
- Cryopreservation Freezers
- Drystore Freezers
- Sample Preparation Systems
- Freezer Box
- Cryogenic Vaporizer
- Cryopreservation Vials
Global cryopreservation equipment market segmentation, by cryogen:
- Liquid Nitrogen
- Liquid Helium
Global cryopreservation equipment market segmentation, by application:
- Cord Blood Stem Cells
- Sperms, Semen, and Testicular Tissues
- Embryos & Oocytes
Global cryopreservation equipment market segmentation, by end user:
- Stem Cell Banks
- Biotechnology and Pharmaceutical Organizations
- Stem Cell Research Laboratories
Global cryopreservation equipment market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2017 Estimated Year 2018 Forecast Period 2018–2028 Revenue in US$
- Thermo Fisher Scientific, Inc.
- Chart Biomedical Co. Ltd.
- Custom Biogenic Systems
- Barber-Nichols Inc.
- Merck KGaA
- Linde LLC.
- Praxair Technology, Inc.
- Cryologic Pty. Ltd.
- Planer PLC
- Charter Medicals
- Nikkiso Cryo Inc.
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