Cryopreservation Equipment Market Business Strategies, Development Factors and Huge Demand by 2030 | Thermo Fisher Scientific, Inc., Custom Biogenic Systems, Chart Biomedical Co. Ltd.

According to Coherent Market Insights, global cryopreservation equipment market is estimated to be valued at US$ 8,002.9 million in 2023 and is expected to exhibit a CAGR of 13.2% during the forecast period (2023-2030).

Cryopreservation equipment are instruments used for long-term storage of biomaterials such as cells, tissues, organs, and blood at sub-zero temperatures. They enable preservation of viability and structural integrity of biological products.

Market Dynamics:

The cryopreservation equipment market is expected to witness significant growth over the forecast period owing to increasing R&D activities in the fields of cell and gene therapies. Various companies are engaged in development of novel cell and gene therapies for treatment of cancer and other diseases. For example, Amgen has several pipeline candidates in Phase III trials for various cancers. Furthermore, increasing stem cell banking is also contributing to market growth. Stem cells can be harvested and stored for future therapeutic use in case of diseases or injuries.

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Market Driver:

The cryopreservation equipment market is witnessing significant growth due to the rising demand for preserving human reproductive cells and tissue. Fertility clinics worldwide are extensively using cryopreservation techniques and equipment to freeze and store sperm, eggs, embryos, and ovarian and testicular tissue. The number of individuals undergoing infertility treatments or delaying childbirth has increased substantially in recent years. Cryopreservation allows them to freeze reproductive cells and tissue for future use when desired. It provides hope for cancer patients whose reproductive potential can be harmed by chemotherapy or radiation therapy. Both private and public fertility centers are actively promoting egg, sperm, and embryo cryopreservation services to cater to this growing demand. The rising complexity of fertility treatments like IVF has also boosted the sales of cryopreservation equipment in clinics.

Market Restraint:

While the cryopreservation equipment market opportunities are abundant thanks to active research and clinical translation activities, the extremely high acquisition and maintenance costs of these systems remain a major restraint. Moreover, regular servicing of costly components like magnets and refrigeration systems contributes to high operating expenses. Publicly funded biobanks and laboratories in low and middle-income countries often face budgetary challenges procuring and sustaining these sophisticated systems over the long run. Equipment suppliers need to focus on developing more affordable alternatives without compromising too much on functionality to help alleviate this problem to some extent.

Competitive Landscape

In the segment specifically devoted to leading companies in the Cryopreservation Equipment Market of the market analysis document, our researchers provide a summary of the financial statements of all the major companies, covering their noteworthy developments, product benchmarking, and SWOT analysis. The corporate profile copy also includes financial information and a business summary. The businesses in this area can be customized to match the unique needs of the client.

Some of the Top Players in Cryopreservation Equipment Market:

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.

Detailed Segmentation:

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

By Cryogen: Liquid Nitrogen, Oxygen, Argon, Liquid Helium

By Application: Cord Blood Stem Cells, Sperms, Semen & Testicular Tissues, Embryos & Oocytes, Other Application

By End User: Stem Cells Banks, Biotechnology and Pharmaceutical organizations, Contract Research Organizations, Stem Cell Research Laboratories, Research and Academic Institutes

Regional Analysis -

North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
Latin America (Colombia, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Market Opportunity:

The cryopreservation equipment market sees extensive untapped opportunities in emerging economies in regions like Asia Pacific, Latin America, Middle East and Africa. These markets are witnessing considerable economic development and improvements in healthcare infrastructure and services. Fertility tourism and medical travel are gaining momentum in countries like India, Thailand, Mexico and Turkey as more patients travel abroad for advanced reproductive treatments and stem cell therapies at lower costs. This is prompting both private and public sector hospital investment in cryopreservation facilities. Additionally, governments are establishing biorepositories and stem cell banking programs as part of their biotech development and regulatory cell therapy initiatives. Equipment providers could explore these evolving regions more proactively through targeted marketing strategies.

Market Trend:

A major trend being witnessed in the cryopreservation equipment market is the rising adoption of fully automated or robotic liquid nitrogen storage systems. Earlier manual systems required significant labor to load and archive biological specimens. However, current automatic platforms complete these tasks independently with minimal human intervention under programmed microprocessor control. This allows handling a larger number of samples more efficiently and reduces the chances of human error. Automated visual tracking and temperature monitoring enhance safety and regulatory compliance as well. As these robotic solutions gain more popularity in biobanks and biorepositories tackling high volumes, manufacturers are aggressively marketing innovative automated cryopreservation equipment variants.

Reasons to Purchase this Report:

✔ Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
✔ Reports provide opportunities and threats faced by suppliers in the Cryopreservation Equipment industry around the world.
✔ The report shows regions and sectors with the fastest growth potential.
✔ A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.
✔ The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
✔ This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.

Questions Answered by the Report:

(1) Which are the dominant players of the Cryopreservation Equipment Market?
(2) What will be the size of the Cryopreservation Equipment Market in the coming years?
(3) Which segment will lead the Cryopreservation Equipment Market?
(4) How will the market development trends change in the next five years?
(5) What is the nature of the competitive landscape of the Cryopreservation Equipment Market?
(6) What are the go-to strategies adopted in the Cryopreservation Equipment Market?

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