Global Cryopreservation Equipment Market Driven by Increased Use in Stem Cell Research

San Francisco, California, November 14, 2018: A recent market research report by TMR Research estimates that the global cryopreservation equipment market will benefit from the widening set of applications of these equipment, especially in the field of stem cell research and development. The report is titled “Cryopreservation Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”

The market has also benefitted from the vast advancements seen in freezing technologies aimed specifically at the medical and biosciences industries and the presence of several product varieties in the market. Increased interest of research bodies in bioengineered products owing to their potential benefits in treating a vast variety of conditions ranging from cardiovascular diseases to cancer is also working well for the global cryopreservation equipment market.

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On the flipside, the market is likely to be challenged by factors such as a visible dearth of skilled workforce necessary for handling these equipment and the potential dangers of even a minute slip in handling these equipment to the life of the handling personnel. Moreover, concerns associated with the use of some toxic salts in these equipment also hamper the prospects of people taking interest in the field as a prospective profession. Nevertheless, the promising expansion of industries such as biotechnology, pharmaceutical, and contract research outsourcing are likely to help market stay lucrative.

From a geographical standpoint, the markets in Europe and North America are highly lucrative for cryopreservation equipment owing to the vast set of applications and the well-established pharmaceutical and bio-sciences industries. Increased focus on the use of stem cells for devising effective cures for a number of chronic diseases in these regions also strengthen the position of the cryopreservation equipment market. The market in Asia Pacific is steadily emerging as a highly lucrative regional market owing to the rapidly rising numbers of contract research organizations.

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Some of the leading companies operating in the market are Advanced Cell Technology, Inc., Praxair Technology, Inc., Angioblast Systems, Inc., Thermo Fisher Scientific, Inc., Aastrom Biosciences, Inc., Cryologic Pty. Ltd., Boehringer Ingelheim, Gmbh, Cell Therapeutics, Inc., and Millipore Corporation.

Cryopreservation Equipment Market likely to be Hampered during 2025

Cryopreservation Equipment Market: Snapshot

Cryopreservation equipment market has been gaining traction due to its widening applications. The increasing investments in research and development of stem cells is expected to fuel the growth of the global market in the near future. Rapid advancements in technologies and increasing healthcare expenditure have also been identified as the key factors likely to influence the trajectory of the global cryopreservation equipment market. The rising interest in bioengineered products for dealing with the various issues of the human body have also resulted in the soaring revenues for the global cryopreservation equipment market.

On the downside, the global cryopreservation equipment market is likely to be hampered by the lack of skilled personnel to handle the equipment. The slightest slip in handling can lead to severe injuries, which is discouraging many to take up careers in this field. Furthermore, market is also likely to be hampered by the use of salts that can prove to be extremely toxic. However, growth of industries such as pharmaceutical, biotechnology, and contract research organizations are projected to offer the global cryopreservation equipment market several avenues for growth in the foreseeable future.

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The growing number of government initiatives to raise awareness about preservation of stem cells has been noticed as the key emerging trend in the global market. If equipment manufacturers overcome the challenge of high cost and complicated operations systems, the global cryopreservation equipment market could have a wider consumer base. Companies are also expected to invest in product innovation to offer the global market a wider and a better choice of products.

Global Cryopreservation Market: General Outline

Cryopreservation refers to the preserving of intact biological cells and tissues at extremely low temperatures. It commonly involves the preservation of sperms, plant seeds, embryos and eggs are some of the most common applications of cryopreservation. Cryopreservation is when the cells or tissues are frozen off, generally in liquid nitrogen at a temperature of at least (-148) degrees. At this temperature, metabolic processes of the biological tissues slow down to a near halt and results in a delayed decaying process, successfully preserving them for future purposes and storage.

During cryopreservation, however, there is a possibility of the destruction of cells as the liquids present in the cells may undergo anomalous expansion as they solidify. It is therefore essential to replace the liquid present in the tissue by cryoprotectants – aids that increase the concentration of solutes in a system – reducing the amount of ice at any given temperature. Dimethyl sulfoxide and glycerol are commonly used as replacements and are mixed with a media or serum in which the cells or tissues are suspended.

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Global Cryopreservation Market: Scope of the Study

The media used in cryopreservation generally comprises protein sources, base mediums, and cryopreservative. The role of a cryopreservative is to protect the cell from both physical and mechanical stresses and also to reduce water content in the cells, thereby decreasing the creation of cell-lysing ice crystals. The optimum cell density required to freeze per 1 ml of cell suspension is dependent on the type of the cell to be preserved. For instance, mammalian cells are frozen at a concentration between 1×106 cells/ml and 1×107 cells/ml. The cryopreservation process is facilitated by the use of various cryopreservation equipment such as sample preparation, storage systems, and ultra-low freezers.

The equipment in the global cryopreservation market can be segmented into freezers, storage systems, sample preparation systems, and accessories. Regulatory and approval policies are the core governing factors of the market currently. Geographically, North America and Europe exhibit a very high potential for growth in the global cryopreservation market, owing to the extensive use of preservation systems in various applications. Asia Pacific and the rest of the world show high promise to be lucrative regions for the growth and acceptance of these systems.

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Global Cryopreservation Market: Key Trends and Prospects

The top factors favoring the growth of the global cryopreservation market include a continuous rate of technological advancement, an increased use of cryopreservation equipment, and an increased investment by key players into the development of advanced systems that offer multiple freezing profiles and automated controls. However, high cost of cryopreservation systems, complicated operations and inaccessibility due to high costs of use are some of the factors that might restrain the global cryopreservation market’s growth.

Cryopreservation equipment holds multiple applications because of their growing utility in commercial and academic projects in stem cell research. These platforms are used in various setups, including stem cell banks, biotechnology and pharmaceutical manufacturers, contract research organizations, and stem cells research laboratories. Currently, several players from the global cryopreservation market are introducing products with specific or custom advanced features that can be capable of providing multiple freezing profiles along with enhanced connectivity through microprocessor controls and printers.

Global Cryopreservation Market: Companies Mentioned in the Report

Thermo Fisher Scientific, Inc., Praxair Technology, Inc., Advanced Cell Technology, Inc., Angioblast Systems, Inc., Boehringer Ingelheim, Gmbh, Cryologic Pty. Ltd., Custom Biogenic Systems, Haimen United Laboratory Equipment Development Co., Ltd., Genzyme Corp., Cell Therapeutics, Inc., Aastrom Biosciences, Inc. and Millipore Corporation are some of the leading players engaged in development of the global cryopreservation market.

Rise in Funds to Create Opportunities for Cryopreservation Equipment Vendors

San Francisco, July 21, 2017: According to a new research report by TMR research, the global market for cryopreservation equipment is undergoing a phase of remarkable growth. The report, titled “Cryopreservation Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025,” emphasizes on the key factors that influence the market’s performance. It also takes the existing and historical performance of this market in consideration to determine its future prospects.

Hitherto, with the widening application array of cryopreservation equipment, this market has gained significant traction across the world, states the research study. The substantial increase in the government funding in regenerative medicine has also boosted this market tremendously. The governments in various economies have allocated huge grants and funds to encourage research activities to increase the development of regenerative medicine.

Healthcare and life science units and research laboratories have surfaced as the key end user of cryopreservation equipment. Compared to research laboratories, the demand for these devices has been much higher in healthcare and life science units. Thanks to the augmenting demand for drugs discovery, advanced diagnostics, and treatments, the scenario is likely to continue in the years to come, notes the study.

On the basis of the geography, the report has classified the global market for cryopreservation equipment into the Middle East and Africa, Europe, Latin America, North America, and Asia Pacific. With the increasing prevalence rate of various lifestyle disorders, such as obesity, diabetes, and polycystic ovary syndrome (PCOS), leading to an increase in the incidence of infertility, North America has emerged as the leading regional market for cryopreservation equipment across the world. The markets in Asia Pacific and the Middle East and Africa are also projected to experience a high rise in the demand for these devices, states the market report.

The report also presents a competitive analysis of the global market for cryopreservation equipment. As per the study, the business landscape of this market is characterized by the presence of a large pool of multi-national and local vendors. Thermo Fisher Scientific Inc., Advanced Cell Technology Inc., Praxair Technology Inc., Angioblast Systems Inc., Cryologic Pty. Ltd., Boehringer Ingelheim GmbH, Custom Biogenic Systems, Genzyme Corp., Haimen United Laboratory Equipment Development Co. Ltd., Cell Therapeutics Inc., Millipore Corp., and Aastrom Biosciences Inc. are some of the leading vendors of cryopreservation equipment across the world, reports the research study.

The prime intent of this study is to provide deep insights into the global market for cryopreservation equipment to participants in an effort to assist them in expanding their market presence.