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Cryopreservation is the process of freezing tissues and cells at low temperatures to keep the biological material metabolically inert, maintain its viability, and prevent ice crystal formation. Cells are cryopreserved to minimize genetic change and prevent loss through contamination. The equipment which is designed to preserve the biological material is known as cryopreservation equipment. Cryopreservation is primarily used for the preservation of oocytes and embryos with in-vitro fertilization (IVF) cycle and before chemotherapy for women diagnosed with breast cancer, to preserve their reproductive capacity. Moreover, it is also used for the preservation of sperms, plant seeds, and other biological materials used for research purposes in the future. The cryopreservation process involves solutions for cryopreservation which include a high concentration of cryoprotective agents. These cryoprotective agents provide improved osmotic balance and dehydration during cooling.
COVID-19 Impact Analysis
Top Impacting Factors
Increase in demand for regenerative medicines, and advancements in the biobanking technology are expected to boost the market growth.
In addition, surge in demand for fertility treatments such as In Vitro Fertilization (IVF) treatment and therapies, for women and higher effectiveness of frozen embryos in the IVF procedures act as major growth drivers for the cryopreservation equipment market.
Increase in clinical and research studies in stem cell applications using cryopreservation equipment boosts the growth of the market during the forecast period.
Moreover, surge in demand for self-storage of cord blood stem cells, and increase in number of government initiatives to raise awareness about preservation of stem cells are other major factors that are expected to propel the market growth.
Technological advancements, increase in research in medical and pharmaceutical studies, and rise in healthcare expenditure fuel the market growth.
However, stability issues and storage problems are factors anticipated to restrain the growth of the market.Â
Market Trends
New Product Launches to Flourish the Market
Key Benefits of the Report
Questions Answered in the Cryopreservation Equipment Market Report
Cryopreservation Equipment Market Report Highlights
Aspects | Details |
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By Equipment |
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By Cryogen |
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By Application |
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By End User |
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By Region |
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Key Market Players | Cryologic Pty. Ltd., Charter Medicals, Praxair Technology Inc., Nikkiso Cryo Inc., Cryogenic Control,, Chart Biomedical Co. Ltd., Linde LLC, Thermo Fisher Scientific Inc., Merck KGaA, Barber-Nichols Inc., Custom Biogenic Systems, Planer PLC, Haimen United Laboratory Equipment Development Co., Ltd. |
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