Cryonics Technology Market to Witness Growth Acceleration by 2029
Cryonics technology market is anticipated to grow significantly at a CAGR of 10.1% during the forecast period. Egg preservation/freezing, also known as mature oocyte cryopreservation, is a method used to save women's ability to get pregnant in the future. These preserved eggs can be combined with sperm in a lab and implanted in a female’s uterus for pregnancy. The factors such as increasing infertility, late pregnancy, and late marriage are propelling demand for egg preservation/ freezing, which in turn is further increasing the growth of the cryonics market across the globe. Infertility is a disease of the male or female reproductive system failure to achieve a pregnancy after 12 months or more.
Carrying pregnancy at an advanced age has complications,
thus this technology can aid in the situation it is an easily approachable and
affordable process With the development and advancement in oocyte freezing
techniques. According to WHO's latest data, around 48 million couples, and 186
million individuals have infertility globally, and a further 15% of married
couples across the globe are affected by infertility. Environmental and
lifestyle aspects such as smoking, excessive alcohol consumption, obesity, and
exposure to environmental impurities have been associated with lower fertility
rates.
Increasing organ transplants is
considered to be te another factor that is supporting the growth of the
cryonics market across the globe. According to Health Resources & Services
Administration (HRSA), around 40,000+ transplants were performed in 2021 in the
US, and another 106, 162 patients are on the waiting list, which is increasing
the growth of the cryonics market.
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Market Coverage
·
The market number available for – 2022-2029
·
Base year- 2021
·
Forecast period- 2023-2029
Segment Covered-
·
By Cryoprotective Agents
·
By Method
·
By Application
·
By End-User
Regions Covered-
·
North America
·
Europe
·
Asia-Pacific
·
Rest of the World
Competitive Landscape- Bio-Rad Laboratories Inc., GE HEALTHCARE, OREGON
CRYONICS, Merck KGaA, and others.
Cryonics Technology Market– Segmentation
By Cryoprotective
Agents
·
Permeating cryoprotectants
·
Non-permeating cryoprotectants
By Method
·
Slow freezing
·
Vitrification
·
Ultra-rapid
By Application
·
Animal husbandry
·
Fishery science
·
Medical science
·
Preservation of microbiology culture
·
Conserving plant biodiversity
By end-user
·
Life science and healthcare facilities
·
Research laboratories
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Cryonics Technology Market by Region
North America
· United
States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest
of Europe
Asia-Pacific
· India
· China
· Japan
· South
Korea
· Rest
of APAC
Rest of the World
•
Latin America
•
Middle East and Africa
Company
Profiles
·
BioCision
·
Cryologics, Inc.
·
Cryonics Asia, Ltd.
·
Cryonics Institute
·
Cryotherm GmbH & Co. KG
·
GE Healthcare
·
Humai Technologies GmbH
·
KrioRus
·
Oregon Cryonics
·
Praxair Technology, Inc.
·
Sigma-Aldrich
·
Thermo Fisher Scientific Inc.
·
ThermoGenesis Holdings, Inc.
·
The Alcor Life Extension Foundation
·
VWR International
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