|By Business Wire||
|April 21, 2017 04:03 PM EDT|
Technavio’s latest report on the global cryopreservation systems market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
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Technavio has published a new report on the global cryopreservation systems market from 2017-2021. (Graphic: Business Wire)
Amber Chourasia, a lead analyst from Technavio, specializing in research on lab equipment sector, says, “Cryopreservation is the process of preserving living organisms, cells, or tissues by cooling them at very low temperatures to avoid any damage caused by unregulated chemical kinetics.”
Technavio’s market research analyst predicts the global cryopreservation systems market to grow steadily at a CAGR of nearly 13% by 2021. Phenomena that can cause damage to cells during cryopreservation mainly occur during the freezing stage. This includes solution effects, dehydration, extracellular ice formation, and intracellular ice formation. Many of these effects are reduced by cryoprotectant (CPA). Once the preserved material is frozen, it is comparatively safe from further damage.
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The top three emerging trends driving the global cryopreservation systems market according to Technavio research analysts are:
Growing number of egg, sperm or embryo donors
The advancements in freezing technology are likely to increase the use of donor eggs, sperm, or embryo for fertility treatment. Some fertility clinics have also started using their own banks. This is increasing awareness about the procedure among individuals. Countries with high elderly population have a high demand for donors due to the high chances of infertility among them.
“There has been a rise in the number of eggs, sperm, or embryo donation in the recent past. This is because of the rising number of donors for money. The rise in the amount paid to donors attracts more donors each year. For instance, egg donors in New Zealand will soon be paid USD 2000 to help boost numbers,” according to Amber.
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 number of subcontract laboratories has been rising rapidly since 2011, and this trend will continue over the forecast period.
In the past, cost constraints had prevented several companies from investing in research facilities due to the high capital requirements, leading to a reduction in R&D investments by companies. The introduction of subcontract laboratories has enabled these companies to carry out research and testing to drive innovation.
Increasing trend of cryopreservation of eggs and embryos
Like egg freezing, the cryopreservation of embryos is also common. It is often used when there are more embryos than needed for a fresh IVF transfer. It provides an additional opportunity for pregnancy, without undergoing another ovarian stimulation and retrieval through frozen embryo transfer (FET). Thus, one of the reasons for the rise in demand for frozen embryos is it being less invasive.
The survival rate of frozen embryos is now 90 to 95%. Also, the rate of pregnancy using cryopreserved or fresh embryos is similar. There is no known rise in the rate of miscarriages or in the rate of congenital disabilities that have resulted from the implantation of previously thawed and frozen embryos.
The key vendors are as follows:
- Chart Industries
- Panasonic Biomedical
- Thermo Fisher Scientific
Browse Related Reports:
- Global Ultra-low Temperature Freezer Market 2017-2021
- Global Chiral Chromatography Column Market 2017-2021
- Global Mortuary Refrigerator Market 2017-2021
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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