Global Cryopreservation Equipment Market By Equipment Type (Freezers, Incubators, Sample Preparation Systems, and Accessories), By Cryogen (Liquid Nitrogen and Other Cryogens), By Application (Cord Blood Stem Cells, Sperms, Semen, and Others), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019–2029

Market.us announces publication of its most recently generated research report titled, “Global Cryopreservation Equipment Market By Equipment Type (Freezers, Incubators, Sample Preparation Systems, and Accessories), By Cryogen (Liquid Nitrogen and Other Cryogens), By Application (Cord Blood Stem Cells, Sperms, Semen, and Testicular Tissues, Embryos & Oocytes, and Other Applications), By End User (Stem Cell Banks, Biotechnology and Pharmaceutical Organizations, Stem Cell Research Laboratories, and Other End Users) and By Region – Global Forecast to 2029.”, which offers a holistic view of the global cryopreservation equipment market through systematic segmentation that covers every aspect of the target market.

The Global Cryopreservation Equipment Market is projected to be US$ 2,146.7 Mn in 2019 to reach US$ 6,709.3 Mn by 2029 at a CAGR of 12.2%.

Cryo-preservation is a process where cells, organelles, extracellular matrix, tissues, or any other biological constructs prone to damage (also known as cryoinjury) triggered by unregulated chemical kinetics are conserved by cooling to very low temperatures (usually −80 °C with solid carbon dioxide or −196 °C with liquid nitrogen). Increasing prevalence of acute and chronic diseases across the globe is another factor supporting the growth of the target market. Furthermore, rising healthcare investment in different regions coupled with increasing demand for stem cells by the biomedical research industry is driving target market growth. However, the high cost of cryopreservation equipment may hamper the market growth to a certain extent.

Global Cryopreservation Equipment Market Revenue (US$ Mn), 2019–2029

Technological advancement in cryopreservation equipment, which enables the controller to control and monitor the environment inside a freezer with a high level of accuracy is further likely to drive market growth. Use of oocyte cryopreservation for fertility preservation in women at risk of losing fertility due to chronic disease and oncological treatment is increasing. Therefore, increasing prevalence of the chronic disease is expected to fuel target market growth. However, increasing awareness about the use of bioengineered products to address various issues of the human body, coupled with favorable government initiatives for raising awareness about the preservation of stem cells are expected to drive growth of the target market. Cryopreservation equipment can be used by a wide range of fields such as biomedical research, clinical medicine, biotechnology, and zoology. Therefore, wide application of cryopreservation equipment is expected to support market growth in the coming years.

The global cryopreservation equipment market is segmented on the basis of equipment type, cryogen, application, end user, and region. On the basis of equipment type, the market is segmented into freezers, incubators, sample preparation systems, and accessories. The freezers segment accounts for the majority share and is expected to register highest growth over forecast period. On the basis of cryogen, the market is segmented into liquid nitrogen and other cryogens. The liquid nitrogen segment accounts for the majority share and is expected to register highest growth over forecast period. On the basis of application, the market is segmented into cord blood stem cells, sperms, semen, and testicular tissues, embryos & oocytes, and other applications. The sperms, semen, and testicular tissues segment accounts for the majority share and is expected to register highest growth over forecast period. On the basis of end user, the market is segmented into stem cell banks, biotechnology and pharmaceutical organizations, stem cell research laboratories, and other end users. The stem cell banks segment accounts for a majority share in the global cryopreservation equipment market.

Global Cryopreservation Equipment Market Attractiveness Analysis by Equipment Type, 2013–2019

On the basis of region, the market is segmented into North America, Europe, APAC, South America and MEA. North America accounts for the majority share in the global cryopreservation equipment market owing to increase in investments for research and development coupled with presence of major manufacturers in the region. North America is followed by Europe and APAC owing to favorable government regulations and increasing demand for advanced equipment used for critical biological sample storage. Regions such as South America and MEA are expected to register stable growth over the forecast period.

The research report on the global cryopreservation equipment market includes profiles of some of the major companies such as Thermo Fisher Scientific Inc., General Electric Company, Praxair, Inc., Custom Biogenic Systems Inc., Planer PLC, Chart Biomedical Co. Ltd., Brooks Life Sciences, CryoLogic Pty. Ltd., and Charter Medical, Ltd.

Key Market Segments

Type

• Freezers
• Incubators
• Sample Preparation Systems And Accessories

Application

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

Key Market Players included in the report:

• Thermo Fisher Scientific Inc.
• General Electric Company
• Praxair Inc.
• Custom Biogenic Systems Inc.
• Planer PLC
• Chart Biomedical Co. Ltd.
• Brooks Life Sciences
• CryoLogic Pty. Ltd.
• Charter Medical Ltd

For the Cryopreservation Equipment Market research study, the following years have been considered to estimate the market size: