South & Central America Cryopreservation Equipment Market
Brazil is expected to have a major market share in this region. Also, it is projected to grow with the highest growth rate. Developing healthcare facilities, rising demand for In Vitro Fertilization (IVF) procedures and growing demand for regenerative medicines are expected to witness rapid growth in the cryopreservation equipment market. Brazil is the fifth largest country globally in the world by area and population and experiencing the fastest demographic aging, which is expected to serve wider growth opportunities for market growth. Brazil's government and healthcare authorities are implementing constructive strategies to increase the country's awareness and exposure to stem cell therapies. Moreover, to provide international exposure, the authorities focus on conducting clinical trials in the country. Similar to Brazil, Argentina is also the largest country in the region. The country has a vital role to play in the cryopreservation equipment market. In August 2018, the international society for stem cell application (ISSCA) conducted a regenerative medicine symposium in Argentina. This event aimed to share the research information, applications, regulations, commercialization, and business opportunities in Argentina and the global market. Some prominent countries contributing to the growth of the cryopreservation equipment market include Chile, Colombia, Peru, and Bolivia. The cryopreservation equipment market is influenced by factors such as the increasing demand for In Vitro Fertilization (IVF) procedures. However, it is accessible only to a few couples with the economic capacity to cover out-of-pocket funding. Thus, the above factors are likely to increase the demand for cryopreservation equipment in South & Central America.
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 South & Central America cryopreservation equipment market. The South & Central America cryopreservation equipment market is expected to grow at a good CAGR during the forecast period.
South & Central America cryopreservation equipment market is segmented into type, cryogen type, application, end user, and country. By 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. South & Central America cryopreservation equipment market based on the cryogen type 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 South & Central America cryopreservation equipment market by 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 South & Central America cryopreservation equipment market by end user, is segmented into stem cell banks, biotechnology and pharmaceuticals organizations, stem cell research laboratories, and others. The biotechnology and pharmaceuticals organizations segment are likely to hold the largest share of the market in 2022. On the basis of country, the market is further segmented into Brazil, Argentina, and the Rest of South & Central America. South Africa is expected to hold the largest share of the market in 2022.
Antech Group Inc.; Avantor, Inc.; BioLife Solutions; Brooks Automation, Inc; Cryoport Systems, LLC.; Danaher Corporation; Hamilton Company; PHC Holdings Corporation; Thermo Fisher Scientific Inc.; and ZhongkeMeiling Cryogenics Company Limited are among the leading companies in the South & Central America cryopreservation equipment market.
The South & Central America Cryopreservation Equipment Market is valued at US$ 342.64 Million in 2022, it is projected to reach US$ 626.99 Million by 2028.
As per our report South & Central America Cryopreservation Equipment Market, the market size is valued at US$ 342.64 Million in 2022, projecting it to reach US$ 626.99 Million by 2028. This translates to a CAGR of approximately 10.6% during the forecast period.
The South & Central America Cryopreservation Equipment Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Cryopreservation Equipment Market report:
The South & Central America Cryopreservation Equipment Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Cryopreservation Equipment Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Cryopreservation Equipment Market value chain can benefit from the information contained in a comprehensive market report.
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