Global Cryopreservation Systems Market 2017-2021

Cryopreservation systems market size

According to the cryopreservation systems market analysis, the global cryopreservation systems market will grow steadily at a CAGR of around 13% by 2021. One of the major drivers responsible for the growth of this market is the rise in the funding by governments in regenerative medicine. To encourage the development of regenerative medicines, many government organizations offer funding.

Cryopreservation systems market growth drivers

Governments in many countries have allocated funds and grants to encourage research in regenerative medicine and product development. This funding can help various vendors and research institutes innovate and develop regenerative medicine. Consequently, this increased government funding for regenerative medicine will necessitate the increased use of stem cell for research and the need to preserve them properly, which, in turn, will induce demand in the cryopreservation systems market during the forecast period.

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Cryopreservation systems market trends

One of the latest trends gaining traction in this market is the increase in outsourcing activities. With increased emphasis on R&D investments and drug discovery, several small companies have resorted to outsourcing their drug discovery process to subcontract laboratories while limiting themselves to manufacturing and marketing. The introduction of subcontract laboratories has enabled these companies to carry out research and testing to drive innovation. The presence of these laboratories allows companies to outsource their drug discovery processes at lower costs. The outsourcing of research and testing has gained enormous popularity over the past few years and is expected to augment growth for the global cryopreservation systems market in the coming years.

Cryopreservation systems market growth opportunities for key vendors

The global cryopreservation market is characterized by the presence of diversified international and regional vendors. The international players are consistently increasing their footprint in the market, as a result of this, the regional vendors are finding it increasingly difficult to compete with them, especially on features such as quality, pricing, market reach, and financial resources.

Leading vendors in the cryopreservation systems market

• Chart Industries
• Panasonic Biomedical
• Thermo Fisher Scientific
• VWR

Cryopreservation systems market segmentation by end-user

• Research laboratories
• Life science and healthcare facilities

During 2016, the life science and healthcare facilities dominated the cryopreservation systems market and accounted for a major part of the overall market share. Factors such as the rising number of chronic diseases and conditions such as cancer coupled with demand for advanced diagnostics, drugs discovery, and treatments is the major contributor to the dominance of this segment in the global market.

Cryopreservation systems market value as per geographies

• Americas
• APAC
• EMEA

In this market study, analysts have estimated the Americas to dominate the cryopreservation systems market during the forecast period. Factors such as the high prevalence of lifestyle disorders such as obesity and polycystic ovary syndrome (PCOS), which are constantly escalating the prevalence of infertility, this is the key attributor to the growth of the cryopreservation systems market in the region.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global cryopreservation systems market?
• What are the key market trends impacting the growth of the global cryopreservation systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global cryopreservation systems market?
• What are the market opportunities and threats faced by the vendors in the global cryopreservation systems market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global cryopreservation systems market?

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