What is Global Stem Cells Cryopreservation Equipments Market?
The Global Stem Cells Cryopreservation Equipments Market is a specialized sector within the broader medical and healthcare industry. It focuses on the development, manufacturing, and distribution of equipment used for the cryopreservation of stem cells. Stem cells are unique cells that have the potential to develop into many different cell types in the body. They serve as a sort of repair system, replenishing adult tissues. Cryopreservation is a process where cells, whole tissues, or any other substances susceptible to damage caused by chemical reactivity or time are preserved by cooling to very low temperatures. This equipment is crucial in the medical field, particularly in treatments such as regenerative medicine and various types of therapies. The market for this equipment is global, meaning it spans across all continents and countries, with various key players contributing to its growth and development. The market is influenced by several factors, including technological advancements, the increasing prevalence of diseases requiring stem cell therapy, and the growing awareness and acceptance of stem cell therapies.
Liquid Phase, Vapor Phase in the Global Stem Cells Cryopreservation Equipments Market:
In the Global Stem Cells Cryopreservation Equipments Market, there are two primary methods of cryopreservation: Liquid Phase and Vapor Phase. The Liquid Phase method involves immersing the stem cells directly into liquid nitrogen, maintaining a temperature of -196 degrees Celsius. This method, while effective, poses a risk of cross-contamination. On the other hand, the Vapor Phase method does not involve direct contact with liquid nitrogen. Instead, stem cells are stored in the nitrogen vapor phase, maintaining a temperature of -150 degrees Celsius. This method significantly reduces the risk of cross-contamination, making it a safer option for stem cell preservation. Both methods have their advantages and disadvantages, and the choice between the two often depends on specific requirements and circumstances.
Cord Blood Stem Cells Cryopreservation, Other Stem Cells Cryopreservation in the Global Stem Cells Cryopreservation Equipments Market:
The Global Stem Cells Cryopreservation Equipments Market plays a crucial role in two main areas: Cord Blood Stem Cells Cryopreservation and Other Stem Cells Cryopreservation. Cord blood, which is blood that remains in the placenta and umbilical cord after childbirth, is rich in stem cells. These stem cells are preserved using cryopreservation equipment and can be used in the future to treat various diseases. Other Stem Cells Cryopreservation refers to the preservation of other types of stem cells, such as embryonic stem cells, adult stem cells, and induced pluripotent stem cells. These stem cells are used in a wide range of medical treatments and research. The cryopreservation of these stem cells ensures their availability for future use.
Global Stem Cells Cryopreservation Equipments Market Outlook:
The Global Stem Cells Cryopreservation Equipments Market has shown promising growth and potential. In 2022, the market was valued at US$ 97.9 million and is expected to reach US$ 107.3 million by 2029. This growth is projected at a CAGR of 1.3% during the forecast period of 2023-2029. The United States holds the largest market share, accounting for about 90% of the global market. China follows with a 4% market share. The top three companies in this market hold a combined market share of about 93%. This data indicates the concentrated nature of this market, with a few key players dominating the majority of the market share.
| Report Metric | Details |
| Report Name | Stem Cells Cryopreservation Equipments Market |
| Accounted market size in 2023 | US$ 97.9 million |
| Forecasted market size in 2030 | US$ 107.3 million |
| CAGR | 1.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Chart, Worthington Industries, Cesca Therapeutics, Shengjie Cryogenic Equipment, Sichuan Mountain Vertical, Qingdao Beol |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
