Cryopreservation Equipment Market Growth & Trends 2024-2031

Cryopreservation Equipment Market Overview

Cryopreservation Equipment Market is expected to grow at a CAGR of 12% during the forecast period 2024-2031

Cryopreservation refers to the technique of freezing biological substances at extremely low temperatures. At these temperatures, all biological activities, including the biochemical reactions that cause cell death and DNA degradation, cease. This method theoretically allows for the indefinite storage of living cells and other biological materials without any changes.

The apparatus used to carry out this preservation is known as cryopreservation equipment. It is typically used to preserve a variety of biological materials such as sperm, plant seeds, embryos, and eggs, which are often used for future research purposes.

The cryopreservation process incorporates solutions that contain a high concentration of cryoprotectant agents. These cryoprotectants are essential as they help maintain osmotic balance and prevent dehydration during the cooling process.

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Cryopreservation Equipment Market Trends

The global demand for cryopreservation equipment is primarily fueled by the growing need for In Vitro Fertilization (IVF) procedures in recent years, a trend expected to persist in the forecast period. As per the U.S. Society of Assisted Reproductive Technology (SART), one million babies were born in the United States between 1987 and 2015 via IVF procedures.

The rise in clinical and research studies involving stem cell applications using cryopreservation equipment is propelling the global cryopreservation equipment market. The emergence of modern cryopreservation technology has paved the way for the harvesting and banking of stem cells for future use. For example, in 2018, the University of California reported the first successful in utero stem cell transplant trial, resulting in the live birth of an infant diagnosed with alpha thalassemia in utero, a blood disorder typically fatal for fetuses.

The market is further driven by technological advancements and increased research in medical and pharmaceutical studies. However, the high cost of product development poses a constraint to the global cryopreservation equipment market over the forecast period.

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Market Segmentation

By Application Type
Oocytes And Embryos
Sperm And Semen
Stem cells
Hepatocytes
Others

By End User
Fertility Centers
Hospitals
Research Organizations
Others

Market Key Players
Major players are Thermo Fisher Scientific, Inc., Praxair Technology, Inc., Advanced Cell Technology, Inc., Angioblast Systems, Inc., Cell Therapeutics, Inc., Aastrom Biosciences, Inc, Millipore Corporation, Cryologic Pty. Ltd., Custom Biogenic Systems and Haimen United Laboratory Equipment Development Co., Ltd.

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