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Cryopreservation Equipment Market Key Players Business Strategies Study Report
Cryopreservation Equipment Market
North America and Western Europe are likely to account for dominant shares of the global cryopreservation equipment market. Increase in the number of organ transplantations, technological advancements, and rise in healthcare coverage are likely to drive the cryopreservation equipment market in both regions during the forecast period.
Asia Pacific is expected to be a highly lucrative market for cryopreservation equipment during the forecast period
High competition, however, is likely to hamper the cryopreservation equipment market
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Increase in Demand for Regenerative Medicines to Accelerate Cryopreservation Equipment Market Growth
Regenerative medicine is the process of creating living, functional tissues in order to repair or replace tissues lost due to age, disease, damage, or congenital defects
Regenerative medicine has the potential to solve the problem of shortage of organs available through donation. Rapid development in transplant medicine, along with the aging of the baby boomer generation has fueled the demand for tissues and organs far exceeding the available donor organs.
Approximately 500,000 people in the U.S. benefit from transplants every year. Regenerative medicine is expected to improve the quality of life of individuals by providing healthy, functional tissues, and organs.
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Advancements in Biobanking Technology to Augment Cryopreservation Equipment Market
Advancements in biobanking technology have improved new areas of science such as biorepository and biospecimen
Usage of robotic sample handling and processing, along with software specifically designed for storage management in facilities is anticipated to make the biobanking process easy and effective, as biobanking grows larger and more complex
Storage Problems and Instability to Restrain Cryopreservation Equipment Market
Storage of biological products under required temperature is important for stability and biological activity
Some factors responsible for stability issues are shortage of storage containers and electricity failure. These factors are expected to restrain the cryopreservation equipment market.
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Asia Pacific Cryopreservation Equipment Market to Expand Significantly
Rise in prevalence of chronic diseases, increase in collaborations between hospitals and tissue banks, and surge in investments in research & development are likely to drive the cryopreservation equipment market in Asia Pacific during the forecast period
The cryopreservation equipment market in Asia Pacific is likely to expand at a high CAGR from 2019 to 2027
Growth of the cryopreservation equipment market in the region can be attributed to increase in healthcare coverage, rise in healthcare expenditure, surge in awareness among people, and government initiatives
Global Cryopreservation Equipment Market: Competition Landscape
The report also provides profiles of leading players operating in the global cryopreservation equipment market. These include Thermo Fisher Scientific, Inc., Beckman Coulter, Inc., Brooks Automation, Inc., VWR International, LLC, Merck KGaA, BioLifeSolutions, Inc., Bluechiip Ltd., Custom Biogenic Systems, Hamilton Company, and PHC Corporation.
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Global Cryopreservation Equipment Market: Segmentation
Global Cryopreservation Equipment Market, by Type
Freezers
Cryopreservation Freezers
Drystore Freezers
Incubators
Sample Preparation Systems
Accessories
Freezer Boxes
Cryogenic Vaporizers
Cryopreservation Vials
Others
Cryopreservation Equipment Market, by Cryogen
Liquid Nitrogen
Oxygen
Liquid Helium
Argon
Cryopreservation Equipment Market, by Application
Cord Blood Stem Cells
Sperms, Semen, and Testicular Tissues
Embryos & Oocytes
Others
Global Cryopreservation Equipment Market, by End User
Stem Cell Banks
Biotechnology & Pharmaceutical Organizations
Stem Cell Research Laboratories
Others
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Global Cryopreservation Equipment Market, by Region
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of the Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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