This report provides exclusive insights into the COVID-19 impact on the Cryopreservation Equipment Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Cryopreservation Equipment Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Cryopreservation Equipment Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium
Global Research on the cryopreservation equipment market provides an in-depth
analysis of segments and sub-segments in the global as well as regional
cryopreservation equipment market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global and regional
cryopreservation equipment market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of
the global cryopreservation equipment market. According to the report, the
global cryopreservation equipment market is projected to grow at a CAGR of
11.5% over the forecast period of 2019-2025.
Market
Insight
Cryopreservation is the process that
is used to preserve the biological samples such as cells, organs, organelles,
tissues, extracellular matrix at a subzero temperature wherein the activity of
the chemical and enzymes get to stop. It is performed in the apparatus called
cryopreservation equipment. A certain amount of nitrogen is used to maintain
ultra-low temperature. IRMS uses the cryopreservation to freeze and then thaw
the eggs, embryo or sperm for the use in vitro fertilization. And with the
availability of the frozen embryo, it’s not necessary that a woman needs to
undergo stimulation by fertility drugs in order to have an embryo transfer
during an infertility treatment cycle.
Globally the applications of
cryopreservation have increased significantly due to the substantial growth in
application areas such as cryopreservation is used in the biopharmaceutical
industry for freezing various cells such as mammalian cells to produce
high-value protein therapeutics. In addition, for therapy and storage of stem
cells cryopreservation is used. Thus, increasing initiatives by the government
for spreading awareness regarding stem cell preservation is anticipated to
experience the rapid growth of the cryopreservation equipment market. On the
other hand, the government is taking initiative towards funds and grants to
encourage research in biomedical cells and the development of regenerative
medicine. This, in turn, helps the manufactures as well as a research institute
to innovate and develop regenerative medicine. These factors contribute to the
growth of this market. For handing the equipment high skilled professional is
required. However, the lack of skilled professionals may lead to severe
injuries while handling the equipment yet remains one of the major restraints
to the market. The equipment that is used for the slow freezing is expensive,
this also hampers the growth of this market. Moreover, increasing awareness
about the use of cryopreservation of critical biomedical samples in the various
industries such as pharmaceutical, zoology industry, clinical medicine,
biomedical research is likely to offer several avenues for global
cryopreservation equipment market growth.
Geographically, North America holds
the largest revenue share and is projected to continue the dominance over the
forecast period owing to the increasing mergers, acquisition, and collaboration
activity among leading players in the region. The Asia Pacific is the
second-largest market share in this market due to the increasing stem cell
research, growing at a faster rate as compared to the world average growth in
research while it is also used in the production of regenerative medicines.
Europe is expected to grow the highest CAGR in the forecast period.

Segment
Covered
The report on the global
cryopreservation equipment market covers segments such as type, application,
and end user. On the basis of type, the sub-markets include freezer,
incubators, sample preparation, and other types. On the basis of application,
the sub-markets include cord blood stem cells, sperms, semen and testicular
tissues, embryos and oocytes, and other application. On the basis of end user,
the sub-markets include stem cells banks, biotechnology, pharmaceutical organizations,
contract research organizations, stem cell research laboratories, and research
and academic institutes.
Companies
Profiled:
The report provides profiles of the
companies in the market such as Thermo Fisher Scientific Inc., Chart Biomedical
(Chengdu) Co Ltd, Custom Biogenic Systems, Barber-Nichols Inc., Merck KGaA,
Linde plc. Praxair, Inc, CryoLogic Pty. Ltd, Planer PLC, and General Electric
Company.
Report
Highlights:
The report provides deep insights into
the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the cryopreservation equipment market. Moreover, the study
highlights current market trends and provides forecast from 2019-2025. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.