Cryopreservation Equipment Market Growth And Trend By Global Top Key Players like Thermo Fisher Scientific, Inc., Custom Biogenic Systems, Chart Biomedical Co. Ltd., Merck KGaA, Barber-Nichols, Praxair Technology, Linde LLC, Planer PLC, Cryologic Pty. Ltd

Cryopreservation is a process of maintaining biological samples in a form of suspended state at cryogenic temperature for considerable period and is used to preserve the fine structure of cells. Through this process, samples of cells, tissues, and organelles are cooled at very low temperatures (less than -2130F), for preservation. Cryopreservation is primarily used in the preservation of oocytes and embryos with in-vitro fertilization (IVF) cycle, prior to chemotherapy for women diagnosed with breast cancer, in order to preserve their reproductive capacity. Moreover, frozen embryos are found to provide similar results as fresh embryos.

Some of the key players operating in the global cryopreservation equipment market are Thermo Fisher Scientific, Inc., Custom Biogenic Systems, Chart Biomedical Co. Ltd., Merck KGaA, Barber-Nichols Inc., Praxair Technology, Inc., Linde LLC, Planer PLC, Cryologic Pty. Ltd., Charter Medicals, Nikkiso Cryo Inc., Cryogenic Control, and Haimen United Laboratory Equipment Development Co., Ltd.

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Market Dynamics

Growing advancements in cord-cell preservation, long-term preservation of pluripotent stem cells, bone marrow, and umbilical cord blood preservation, to obtain multiple regenerative and tissue engineering application, is driving growth of the cryopreservation equipment market. Stem cells are specialized cells capable of being regenerated through cell division and differentiated into multi-lineage cells. Mesenchymal stem cells (MSCs) are adult stem cells, which have multi-lineage potential, immunomodulation, and are capable of secreting anti-inflammatory molecules, thus proving to be an effective tool in the treatment of chronic diseases. Moreover, the increasing burden of chronic diseases such as arthritis, stroke, cancer, diabetes and among others and growing trend of cryopreserving human mesenchymal stem cells are expected to boost demand for cryopreservation equipment. For instance, according to the Centers for Disease Control and Prevention (CDC), seven of the top causes of deaths in 2014, were due to chronic diseases, with cancer and cardiovascular diseases accounting for around 46% of the all deaths in 2014, worldwide.

Detailed Segmentation:

Global Cryopreservation Equipment Market, By Equipment :
Freezers
Cryopreservation Freezers
Drystore Freezers
Incubators
Sample Preparation Systems
Accessories
Cryopreservation Vials
Freezer Box
Cryocart
Cryogenic Vaporizer
Other Accessories

Increasing number of government initiatives for preservation of stem cells is expected to augment market growth

New York Blood Center (NYBC) initiated the National Cord Blood Program, in 1992, to investigate, collect, process, freeze, and store the cord blood cells in liquid nitrogen freezers, which are used when patients with hematopoietic transplants are unable to find compatible bone marrow donors. NCBP is the first and largest cord bank in the world, which recorded a collection of over 60,000 cord blood units, till 2016. NCBP has provided cord blood units for transplantation to over 4,900 recipients, throughout the world. Additionally, in 2011, Canada’s Ministry of Health, initiates Canada’s first national, publicly funded umbilical cord blood bank, which aims to provide the donations for the allogeneic hematopoietic stem cell transplant.

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