which have multi-lineage potential, immunomodulation, and are capable of secreting anti-
inflammatory molecules, thus proving to be an effective tool in the treatment of chronic
diseases. Moreover, the increasing burden of chronic diseases such as arthritis, stroke, cancer,
diabetes and among others and growing trend of cryopreserving human mesenchymal stem cells
are expected to boost demand for cryopreservation equipment. For instance, according to the
Centers for Disease Control and Prevention (CDC), seven of the top causes of deaths in 2014,
were due to chronic diseases, with cancer and cardiovascular diseases accounting for around
46% of the all deaths in 2014, worldwide.
Increasing number of government initiatives for preservation of stem cells is expected to
augment market growth:
New York Blood Center (NYBC) initiated the National Cord Blood Program, in 1992, to
investigate, collect, process, freeze, and store the cord blood cells in liquid nitrogen freezers,
which are used when patients with hematopoietic transplants are unable to find compatible
bone marrow donors. NCBP is the first and largest cord bank in the world, which recorded a
collection of over 60,000 cord blood units, till 2016. NCBP has provided cord blood units for
transplantation to over 4,900 recipients, throughout the world. Additionally, in 2011, Canada’s
Ministry of Health, initiates Canada’s first national, publicly funded umbilical cord blood bank,
which aims to provide the donations for the allogeneic hematopoietic stem cell transplant.
North America market accounted for the largest market share, followed by Europe in 2016. This
is owing to the major collaboration and agreement of key players in the cryopreservation
equipment manufacturing. In June 2016, Cryogenic Control made a distribution agreement with
Paramount Gas Products and Cryo Inc. According to this agreement, Paramount Gas Products
and Cryo Inc. will become the official distributors of Cryogenic Control’s first product, ELLN2
in North America. The agreement allows the Paramount Gas Products and Cryo Inc. to
distribute the ELLN2 in certain major states of North America.
Report includes chapters which deeply display the following deliverable about industry :
• Cryopreservation Equipment Market Research Objective and Assumption
• Cryopreservation Equipment Market Purview - Report Description, Executive Summary, and
Coherent Opportunity Map (COM)
• Cryopreservation Equipment Market Dynamics, Regulations, and Trends Analysis - Market
Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system
Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Cryopreservation Equipment Market, By Regions