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Medical Device North America Cryopreservation Equipment Market...

North America Cryopreservation Equipment Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Freezers, Sample Preparation Systems, and Accessories), Cryogen Type (Liquid Nitrogen, Oxygen, Liquid Helium, Argon, and Others), Application (Cord Blood Stem Cells, Sperms, Semen, & Testicular Tissues, Embryos & Oocytes, Cell & Gene Therapies, and Others), and End User (Stem Cell Banks, Biotechnology & Pharmaceutical Organizations, Stem Cell Research Laboratories, and Others)

TIPRE00023963 | Pages: 152 | Medical Device | Aug 2022 | Type: Regional | Status: Published

The cryopreservation equipment market in North America is expected to grow from US$ 3,403.24 million in 2022 to US$ 6,783.23 million by 2028; it is estimated to grow at a CAGR of 12.2% from 2022 to 2028.

Rising acceptance for regenerative medicine is the major factor driving North America cryopreservation equipment growth. Cryopreservation is important in regenerative medicine as it facilitates the stable and secure storage of cells and other related components for a prolonged time. Regenerative medicine enables replacing diseased or damaged cells, tissues, and organs by retrieving their normal function through stem cell therapy. Owing to the advancements in medical technology, stem cell therapy is now considered an alternative to traditional drug therapies in treating a wide range of chronic diseases, including diabetes and neurodegenerative diseases. Moreover, the US Food and Drug Administration (FDA) has approved blood-forming stem cells. The blood-forming stem cells, also known as hematopoietic progenitor cells derived from umbilical cord blood. The growing approvals for stem cell and gene therapies eventually led to the high demand for cryopreservation equipment. Following are a few instances of stem cell and gene therapies approved by the FDA and other regulatory bodies.

  • In February 2021, Bristol Myers Squibb (Juno Therapeutics, Inc.) received FDA approval for Breyanzi, a CD19-directed chimeric antigen receptor T-cell (CAR-T) therapy. The CAR-T cell therapy is used for treating relapsed or refractory large B-cell lymphoma in adults.
  • In July 2020, Kite, a Gilead Company, received approval from the US FDA for its Tecartus (formerly known as KTE-X19) CAR-T cell therapy. The therapy is designed to treat adult patients with relapsed or refractory mantle cell lymphoma (MCL).
  • In May 2019, Vericel Corporation received approval for its MACI (autologous cultured chondrocytes on porcine collagen membrane).

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America cryopreservation equipment market. The North America cryopreservation equipment market is expected to grow at a good CAGR during the forecast period.

North America Cryopreservation Equipment Market Revenue and Forecast to 2028 (US$ Million)

North America Cryopreservation Equipment Market Segmentation   

North America cryopreservation equipment market is segmented into type, cryogen type, application, end user, and country. Based on type, the cryopreservation equipment market is segmented into freezers, sample preparation systems, and accessories. The freezers segment is expected to lead the market in 2022. Based on the cryogen type, the Asia Pacific cryopreservation equipment market is segmented into liquid nitrogen, oxygen, liquid helium, argon, and others. In 2022, the liquid nitrogen segment is likely to hold the largest share of the market. The Asia Pacific cryopreservation equipment market, based on application, is segmented into cord blood stem cells, sperms, semen & testicular tissues, embryos and oocytes, cell and gene therapies, and others. The cord blood stem cells segment is likely to hold the largest share of the market in 2022. The Asia Pacific cryopreservation equipment market, based on end user, is segmented into stem cell banks, biotechnology and pharmaceuticals organizations, stem cell research laboratories, and others. The biotechnology and pharmaceuticals organizations segment is expected to hold the largest market share in 2022. On the basis of country, the market is further segmented into the US, Canada, and Mexico. The US held the largest largest share of the market in 2022.    

Antech Group Inc.; Avantor, Inc.; BioLife Solutions; Brooks Automation, Inc; Cryofab; Cryoport Systems, LLC.; Danaher Corporation; Gold Sim Cellular Science LLC; Hamilton Company; PHC Holdings Corporation; Thermo Fisher Scientific Inc.; and ZhongkeMeiling Cryogenics Company Limited are among the leading companies in the North America cryopreservation equipment market.   

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America Cryopreservation Equipment Market – By Type

1.3.2        North America Cryopreservation Equipment Market – By Cryogen Type

1.3.3        North America Cryopreservation Equipment Market – By Application

1.3.4        North America Cryopreservation Equipment Market – By End User

1.3.5        North America Cryopreservation Equipment Market – By Country

2.           North America Cryopreservation Equipment Market – Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Cryopreservation Equipment Market – Market Landscape

4.1         Overview

4.2         North America PEST Analysis

4.3         Expert Opinion

5.           North America Cryopreservation Equipment Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Rising Acceptance for Regenerative Medicine

5.1.2        Needs of Biobanking Practices Rising

5.2         Market Restraints

5.2.1        Strict Regulatory Requirements

5.3         Market Opportunities

5.3.1        Significant Importance of Cryopreservation for Success of Cell-Based Therapies

5.4         Future Trends

5.4.1        3D Printing to Provide Customizable Probes for Sensing and Monitoring in Cryobiology Applications

5.5         Impact Analysis

6.           Cryopreservation Equipment Market– North America Analysis

6.1         North America Cryopreservation Equipment Market Revenue Forecast and Analysis

6.2         North America Cryopreservation Equipment Market, By Revenue- Forecast and Analysis to 2028

7.           North America Cryopreservation Equipment Market Revenue and Forecasts To 2028– by Type

7.1         Overview

7.2         North America Cryopreservation Equipment Market Revenue Share, by Type (2021 and 2028)

7.3         Freezers

7.3.1        Overview

7.3.2        Freezers: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Sample Preparation Systems

7.4.1        Overview

7.4.2        Sample Preparation Systems: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

7.5         Accessories

7.5.1        Overview

7.5.2        Accessories: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

7.5.3        Freezer Boxes

7.5.3.1          Overview

7.5.3.2          Freezer Boxes: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

7.5.4        Freezer Racks

7.5.4.1          Overview

7.5.4.2          Freezer Racks: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

7.5.5        Cryopreservation Vials

7.5.5.1          Overview

7.5.5.2          Cryopreservation Vials: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

7.5.6        Others

7.5.6.1          Overview

7.5.6.2          Others: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

8.           North America Cryopreservation Equipment Market Revenue and Forecasts To 2028 – Cryogen Type

8.1         Overview

8.2         North America Cryopreservation Equipment Market, by Cryogen Type 2022 & 2028 (%)

8.3         Liquid Nitrogen

8.3.1        Overview

8.3.2        Liquid Nitrogen: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Oxygen

8.4.1        Overview

8.4.2        Oxygen: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

8.5         Liquid Helium

8.5.1        Overview

8.5.2        Liquid Helium: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

8.6         Argon

8.6.1        Overview

8.6.2        Argon: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

8.7         Others

8.7.1        Overview

8.7.2        Others: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.           North America Cryopreservation Equipment Market Revenue and Forecasts To 2028 – Application

9.1         Overview

9.2         North America Cryopreservation Equipment Market Revenue Share, by Application (2022 and 2028)

9.3         Cord Blood Stem Cells

9.3.1        Overview

9.3.2        Cord Blood Stem Cells: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.4         Sperms, Semen and Testicular Tissues

9.4.1        Overview

9.4.2        Sperms Semen and Testicular Tissues: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.5         Embryos and Oocytes

9.5.1        Overview

9.5.2        Embryos and Oocytes: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.6         Cell and Gene Therapies

9.6.1        Overview

9.6.2        Cell and Gene Therapies: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.7         Others

9.7.1        Overview

9.7.2        Others: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.        North America Cryopreservation Equipment Market Revenue and Forecasts To 2028 – End User

10.1      Overview

10.2      North America Cryopreservation Equipment Market Revenue Share, by End User (2021 and 2028)

10.3      Stem Cell Banks

10.3.1     Overview

10.3.2     Stem Cell Banks: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.4      Biotechnology and Pharmaceutical Organizations

10.4.1     Overview

10.4.2     Biotechnology and Pharmaceutical Organizations: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.5      Stem Cell Research Laboratories

10.5.1     Overview

10.5.2     Stem Cell Research Laboratories: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.6      Others

10.6.1     Overview

10.6.2     Others: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

11.        North America Cryopreservation Equipment Market Revenue and Forecasts to 2028 – Country Analysis

11.1      North America: Cryopreservation Equipment Market

11.1.1     Overview

11.1.2     North America: Cryopreservation Equipment Market, by Country, 2022 & 2028 (%)

11.1.2.1       US: Cryopreservation Equipment Market– Revenue and Forecast to 2028 (USD Million)

11.1.2.1.1       US: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (USD Million)

11.1.2.1.2       US: Cryopreservation Equipment Market, by Type, 2019–2028 (USD Million)

11.1.2.1.2.1     US: Cryopreservation Equipment Market, by Accessories, 2019–2028 (USD Million)

11.1.2.1.3       US: Cryopreservation Equipment Market, by Cryogen Type, 2019–2028 (USD Million)

11.1.2.1.4       US: Cryopreservation Equipment Market, by Application, 2019–2028 (USD Million)

11.1.2.1.5       US: Cryopreservation Equipment Market, by End User, 2019–2028 (USD Million)

11.1.2.2       Canada: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (USD Million)

11.1.2.2.1       Canada: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (USD Million)

11.1.2.2.2       Canada: Cryopreservation Equipment Market, by Type, 2019–2028 (USD Million)

11.1.2.2.2.1     Canada: Cryopreservation Equipment Market, by Accessories, 2019–2028 (USD Million)

11.1.2.2.3       Canada: Cryopreservation Equipment Market, by Cryogen Type, 2019–2028 (USD Million)

11.1.2.2.4       Canada: Cryopreservation Equipment Market, by Application, 2019–2028 (USD Million)

11.1.2.2.5       Canada: Cryopreservation Equipment Market, by End User, 2019–2028 (USD Million)

11.1.2.3       Mexico: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (USD Million)

11.1.2.3.1       Mexico: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (USD Million)

11.1.2.3.2       Mexico: Cryopreservation Equipment Market, by Type – 2019–2028 (USD Million)

11.1.2.3.2.1     Mexico: Cryopreservation Equipment Market, by Accessories, 2019–2028 (USD Million)

11.1.2.3.3       Mexico: Cryopreservation Equipment Market, by Cryogen Type – 2019–2028 (USD Million)

11.1.2.3.4       Mexico: Cryopreservation Equipment Market, by Application – 2019–2028 (USD Million)

11.1.2.3.5       Mexico: Cryopreservation Equipment Market, by End User – 2019–2028 (USD Million)

12.        Cryopreservation Equipment Market–Industry Landscape

12.1      Overview

12.2      Growth Strategies Done by the Companies in the Market, (%)

12.3      Organic Developments

12.3.1     Overview

12.4      Inorganic Developments

12.4.1     Overview

13.        Company Profiles

13.1      THERMO FISHER SCIENTIFIC INC.

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      GOLD SIM CELLULAR SCIENCE LLC

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Brooks Automation, Inc

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Avantor, Inc.

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      Hamilton Company

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      PHC Holdings Corporation

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      Cryoport Systems, LLC.

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      Antech Group Inc.

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9      Cryofab

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

13.10   BioLife Solutions

13.10.1  Key Facts

13.10.2  Business Description

13.10.3  Products and Services

13.10.4  Financial Overview

13.10.5  SWOT Analysis

13.10.6  Key Developments

13.11   ZhongkeMeiling Cryogenics Company Limited

13.11.1  Key Facts

13.11.2  Business Description

13.11.3  Products and Services

13.11.4  Financial Overview

13.11.5  SWOT Analysis

13.11.6  Key Developments

13.12   Danaher

13.12.1  Key Facts

13.12.2  Business Description

13.12.3  Products and Services

13.12.4  Financial Overview

13.12.5  SWOT Analysis

13.12.6  Key Developments

14.        Appendix

14.1      About The Insight Partners

14.2      Glossary of Terms

 

 

LIST OF TABLES

Table 1.             US Cryopreservation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 2.             US Cryopreservation Equipment Market, by Accessories– Revenue and Forecast to 2028 (USD Million)

Table 3.             US Cryopreservation Equipment Market, by Cryogen Type – Revenue and Forecast to 2028 (USD Million)

Table 4.             US Cryopreservation Equipment Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 5.             US: Cryopreservation Equipment Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 6.             Canada Cryopreservation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 7.             Canada Cryopreservation Equipment Market, by Accessories– Revenue and Forecast to 2028 (USD Million)

Table 8.             Canada Cryopreservation Equipment Market, by Cryogen Type – Revenue and Forecast to 2028 (USD Million)

Table 9.             Canada Cryopreservation Equipment Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 10.          Canada Cryopreservation Equipment Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 11.          Mexico Cryopreservation Equipment Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 12.          Mexico Cryopreservation Equipment Market, by Accessories– Revenue and Forecast to 2028 (USD Million)

Table 13.          Mexico Cryopreservation Equipment Market, by Cryogen Type – Revenue and Forecast to 2028 (USD Million)

Table 14.          Mexico Cryopreservation Equipment Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 15.          Mexico Cryopreservation Equipment Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 16.          Organic Developments Done by Companies

Table 17.          Inorganic Developments Done by Companies

Table 18.          Glossary of Terms

 

 

LIST OF FIGURES

Figure 1.           North America Cryopreservation Equipment Market Segmentation

Figure 2.           North America Cryopreservation Equipment Market Segmentation, By Country

Figure 3.           North America Cryopreservation Equipment Market Overview

Figure 4.           Freezers Segment Held Largest Share by Type in North America Cryopreservation Equipment Market

Figure 5.           US is Expected to Show Remarkable Growth During the Forecast Period

Figure 7.           North America: PEST Analysis

Figure 8.           North America Cryopreservation Equipment Market Impact Analysis of Drivers and Restraints

Figure 9.           North America Cryopreservation Equipment Market, By Revenue - Forecast and Analysis to 2028

Figure 10.        North America Cryopreservation Equipment Market Revenue Share, by Type (2021 and 2028)

Figure 11.        North America Freezers: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        North America Sample Preparation Systems: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        North America Accessories: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        North America Freezer Boxes: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        North America Freezer Racks: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        North America Cryopreservation Vials: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        North America Others: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        North America Cryopreservation Equipment Market, by Cryogen Type 2022 & 2028 (%)

Figure 19.        North America Liquid Nitrogen: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        North America Oxygen: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        North America Liquid Helium: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        North America Argon: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        North America Others: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        North America Cryopreservation Equipment Market Revenue Share, by Application (2022 and 2028)

Figure 25.        North America Cord Blood Stem Cells: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        North America Sperms Semen and Testicular Tissues: Cryopreservation Equipment Market – Revenue and Forecast to 2028  (US$ Million)

Figure 27.        North America Embryos and Oocytes: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        North America Cell and Gene Therapies: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        North America Others: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        North America Cryopreservation Equipment Market Revenue Share, by End User (2021 and 2028)

Figure 31.        North America Stem Cell Banks: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32.        North America Biotechnology and Pharmaceutical Organizations: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33.        North America Stem Cell Research Laboratories: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34.        North America Others: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35.        North America: Cryopreservation Equipment Market, by Key Country – Revenue (2022) (USD Million)

Figure 36.        North America: Cryopreservation Equipment Market, by Country, 2022 & 2028 (%)

Figure 37.        US: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (USD Million)

Figure 38.        Canada: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (USD Million)

Figure 39.        Mexico: Cryopreservation Equipment Market – Revenue and Forecast to 2028 (USD Million)

Figure 40.        Growth Strategies Done by the Companies in the Market, (%)

  1. Antech Group Inc.
  2. Avantor, Inc.
  3. BioLife Solutions
  4. Brooks Automation, Inc
  5. Cryofab
  6. Cryoport Systems, LLC.
  7. Danaher Corporation
  8. Gold Sim Cellular Science LLC
  9. Hamilton Company
  10. PHC Holdings Corporation  
  11. Thermo Fisher Scientific Inc.
  12. ZhongkeMeiling Cryogenics Company Limited  
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America cryopreservation equipment market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America cryopreservation equipment market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the cryopreservation equipment market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution 
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