Cryonics Technology Market Will Generate Record Revenue by 2029

Cryonics technology market is anticipated to grow significantly at a CAGR of 10.1% during the forecast period. Egg preservation/freezing, also known as mature oocyte cryopreservation, is a method used to save women's ability to get pregnant in the future. These preserved eggs can be combined with sperm in a lab and implanted in a female's uterus for pregnancy. The factors such as increasing infertility, late pregnancy, and late marriage are propelling demand for egg preservation/ freezing, which in turn is further increasing the growth of the cryonics market across the globe. Infertility is a disease of the male or female reproductive system failure to achieve a pregnancy after 12 months or more.

Carrying pregnancy at an advanced age has complications, thus this technology can aid in the situation it is an easily approachable and affordable process With the development and advancement in oocyte freezing techniques. According to WHO's latest data, around 48 million couples, and 186 million individuals have infertility globally, and a further 15% of married couples across the globe are affected by infertility. Environmental and lifestyle aspects such as smoking, excessive alcohol consumption, obesity, and exposure to environmental impurities have been associated with lower fertility rates.

Increasing organ transplants is considered to be te another factor that is supporting the growth of the cryonics market across the globe. According to Health Resources & Services Administration (HRSA), around 40,000+ transplants were performed in 2021 in the US, and another 106, 162 patients are on the waiting list, which is increasing the growth of the cryonics market.

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Market Coverage

· The market number available for - 2022-2029

· Base year- 2021

· Forecast period- 2023-2029

Segment Covered-

· By Cryoprotective Agents

· By Method

· By Application

· By End-User

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- Bio-Rad Laboratories Inc., GE HEALTHCARE, OREGON CRYONICS, Merck KGaA, and others.

Cryonics Technology Market- Segmentation

By Cryoprotective Agents

· Permeating cryoprotectants

· Non-permeating cryoprotectants

By Method

· Slow freezing

· Vitrification

· Ultra-rapid

By Application

· Animal husbandry

· Fishery science

· Medical science

· Preservation of microbiology culture

· Conserving plant biodiversity

By end-user

· Life science and healthcare facilities

· Research laboratories

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Cryonics Technology Market by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· BioCision

· Cryologics, Inc.

· Cryonics Asia, Ltd.

· Cryonics Institute

· Cryotherm GmbH & Co. KG

· GE Healthcare

· Humai Technologies GmbH

· KrioRus

· Oregon Cryonics

· Praxair Technology, Inc.

· Sigma-Aldrich

· Thermo Fisher Scientific Inc.

· ThermoGenesis Holdings, Inc.

· The Alcor Life Extension Foundation

· VWR International

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