The global liquid nitrogen cryopreservation market accounted revenue of US$1,805.5 Mn in 2020 with a growing CAGR of 12.5% for the analysis period of 2021 to 2028
The Journal of Fertilization: In vitro - IVF-Worldwide, Reproductive Medicine, Genetics & Stem Cell Biology defines liquid nitrogen cryopreservation as a substance produced through an industrial process using the fractional distillation method. Furthermore, liquid nitrogen is a cryogenic fluid that is required for in-vitro reproductive technologies, which are widely used in human IVF, the cattle industry for in-vitro embryo production, and livestock breeding.
Market Drivers
Rising number of government initiatives for preservation of stem cells foster the ultimate growth of global market
The National Cord Blood Program (NCBP), established in 1992, examines cord blood as a potential remedy for vital public health. This is for determining appropriate hemopoetic transplants for patients who do not have a match for bone marrow donor. NCBP freezes and stores cord blood units in liquid nitrogen so that they can be shipped as needed. In 2011, the Canadian Department of Health established the first publicly funded national umbilical cord blood bank in Canada, which accepts donations for allergenic stem cell transplantation hematopoietic stem cell transplantation. Furthermore, the UK Stem Cell Bank, which is sponsored by the UK Medical Research Council, is a quality-controlled, ethically accepted, and confirmed repository for human embryo, foetus, and adult stem cell lines that are provided by the Science and Healthcare Growth, Biotechnology, and Biological Research Council. The Stem Cell Bank (UK) distributed human cell lines to Sheffield University for use in medical trials and research. Storage and preservation of stem cells, bone marrow cells, foetus and sperm needs an extremely low temperature, making liquid nitrogen as the best suitable option. Such aforementioned factors will have a positive impact on the overall growth of the global liquid nitrogen cryopreservation market.
To learn more about this report, request a free sample copy
Market Restraint
High risk associated during handling of liquid nitrogen cryopreservation equipment limit the growth of global market
When nitrogen circulated from a cryogenic storage vessel and the oxygen concentration around it is unacceptably high, the utility of freezers is jeopardized. Moreover, liquid nitrogen is extremely cold in nature and can make rapid frostbite or cold contact burns on the exposed skin that comes into contact with it. Accidental releases or overflow of liquid nitrogen pose hazards and cause property damage, and most common cause of accidental releases is insufficient training on handling specific hazards materials. Leak of LN2 into laboratories pose the greatest risk of asphyxiation, personal injury, and environmental harm among others.
Report coverage
| Market |
Liquid Nitrogen Cryopreservation Market |
| Analysis Period |
2017 - 2028 |
| Base Year |
2020 |
| Forecast Data |
2021 - 2028 |
| Segments Covered |
By Application, By End-Use and By Geography |
| Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled |
CUSTOM BIOGENIC SYSTEMS, Chart Industries, Linde, Taylor-Wharton, Antech Group Inc., Abeyance Cryo Solutions, Thermo Fisher Scientific, Inc., Worthington Industries, Inc., BIOLOGIX GROUP LTD, and others
|
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
| Customization Scope |
10 hrs of free customization and expert consultation
|
Key takeaways:
The ability to replace organs and tissues on demand saves and improves millions of lives worldwide each year, resulting in public health benefits by curing numerous life-threatening diseases. Advanced organ preservation techniques may even allow for cutting-edge pretransplant interventions with the potential to improve transplant outcomes, such as immunomodulation or gene therapy approaches for functional augmentation in specialized laboratories. Such factors have resulted in a high demand for the liquid nitrogen cryopreservation market, which has led to the overall growth of the global market.
Market Segmentation
Global liquid nitrogen cryopreservation market is segmented based on application and end-use. By application, the market is segmented as stem cells, sperms, semen, & testicular tissues, embryos & oocytes, and others. End-use is segmented as stem cell banks, biotechnology and pharmaceutical organization, contract research organization, stem cell research laboratories, and research and academic institutes.
Based on application, stem cell segment dominates the overall market by recording considerable revenue and will continue to do so till the foreseeable future. Based on end-use, stem cell research laboratories segment dominates the segmental growth by recording dominating share.
Regional Landscape
Europe records considerable market share for liquid nitrogen cryopreservation
The increasing number of contract manufacturing organizations (CMO) and contract research organizations (CRO), as well as increased R&D activities related to cell line development and stem cell research are key factors driving the global market. Furthermore, rising partnerships and agreements enhances the business presence with rising customer base will positively influence the target market's growth.
Asia Pacific registers fastest growing CAGR for liquid nitrogen cryopreservation market
Countries such as South Korea, Russia, India, and others are focusing on strengthening their research and development capabilities in response to the rising COVID-19, and are spending on the development and establishment of advanced laboratories. As a result, the demand for liquid nitrogen freezers is increasing. Furthermore, favorable government business policies and the emergence of small and mid-sized players with innovative solutions will drive the global liquid nitrogen cryopreservation market.
Competitive Landscape
The prominent players of global liquid nitrogen cryopreservation market includes CUSTOM BIOGENIC SYSTEMS, Chart Industries, Linde, Taylor-Wharton, Antech Group Inc., Abeyance Cryo Solutions, Thermo Fisher Scientific, Inc., Worthington Industries, Inc., BIOLOGIX GROUP LTD, and others
Market Segmentation
Market by Application
- Stem Cells
- Sperms, Semen & Testicular Tissues
- Embryos & Oocytes
- Others
Market by End-Use
- Stem Cell Banks
- Biotechnology & Pharmaceutical Organizations
- Contract Research Organizations
- Stem Cell Research Laboratories
- Research and Academic Institutes
Market By Geography
- North America
- Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Liquid Nitrogen Cryopreservation
1.1. Definition and Scope
1.1.1. Definition of Liquid Nitrogen Cryopreservation
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Liquid Nitrogen Cryopreservation Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Liquid Nitrogen Cryopreservation Market By Application
1.2.3. Liquid Nitrogen Cryopreservation Market By End-Use
1.2.4. Liquid Nitrogen Cryopreservation Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Liquid Nitrogen Cryopreservation Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Liquid Nitrogen Cryopreservation Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2020
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2020
4.2. R&D Status and Application Source of Liquid Nitrogen Cryopreservation Major Manufacturers in 2020
CHAPTER 5. Liquid Nitrogen Cryopreservation Market By Application
5.1. Introduction
5.2. Liquid Nitrogen Cryopreservation Revenue By Application
5.2.1. Liquid Nitrogen Cryopreservation Revenue (US$ Mn) and Forecast, By Application, 2017-2028
5.2.2. Stem Cells
5.2.2.1. Stem Cells Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.3. Sperms, Semen & Testicular Tissues
5.2.3.1. Sperms, Semen & Testicular Tissues Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.4. Embryos & Oocytes
5.2.4.1. Embryos & Oocytes Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.5. Others
5.2.5.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 6. Liquid Nitrogen Cryopreservation Market Revenue By End-Use
6.1. Introduction
6.2. Liquid Nitrogen Cryopreservation Revenue (US$ Mn) By End-Use
6.2.1. Liquid Nitrogen Cryopreservation Revenue (US$ Mn) and Forecast By End-Use, 2017-2028
6.2.2. Stem Cell Banks
6.2.2.1. Stem Cell Banks Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.3. Biotechnology & Pharmaceutical Organizations
6.2.3.1. Biotechnology & Pharmaceutical Organizations Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.4. Contract Research Organizations
6.2.4.1. Contract Research Organizations Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.5. Stem Cell Research Laboratories
6.2.5.1. Stem Cell Research Laboratories Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.6. Research and Academic Institutes
6.2.6.1. Research and Academic Institutes Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 7. North America Liquid Nitrogen Cryopreservation Market By Country
7.1. North America Liquid Nitrogen Cryopreservation Overview
7.2. U.S.
7.2.1. U.S. Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
7.2.2. U.S. Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By End-Use, 2017-2028
7.3. Canada
7.3.1. Canada Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
7.3.2. Canada Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By End-Use, 2017-2028
7.4. North America PEST Analysis
CHAPTER 8. Europe Liquid Nitrogen Cryopreservation Market By Country
8.1. Europe Liquid Nitrogen Cryopreservation Market Overview
8.2. U.K.
8.2.1. U.K. Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
8.2.2. U.K. Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By End-Use, 2017-2028
8.3. Germany
8.3.1. Germany Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
8.3.2. Germany Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By End-Use, 2017-2028
8.4. France
8.4.1. France Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
8.4.2. France Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By End-Use, 2017-2028
8.5. Spain
8.5.1. Spain Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
8.5.2. Spain Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By End-Use, 2017-2028
8.6. Rest of Europe
8.6.1. Rest of Europe Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
8.6.2. Rest of Europe Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By End-Use, 2017-2028
8.7. Europe PEST Analysis
CHAPTER 9. Asia Pacific Liquid Nitrogen Cryopreservation Market By Country
9.1. Asia Pacific Liquid Nitrogen Cryopreservation Market Overview
9.2. China
9.2.1. China Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
9.2.2. China Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By End-Use, 2017-2028
9.3. Japan
9.3.1. Japan Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
9.3.2. Japan Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By End-Use, 2017-2028
9.4. India
9.4.1. India Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
9.4.2. India Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By End-Use, 2017-2028
9.5. Australia
9.5.1. Australia Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
9.5.2. Australia Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By End-Use, 2017-2028
9.6. South Korea
9.6.1. South Korea Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
9.6.2. South Korea Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By End-Use, 2017-2028
9.7. Rest of Asia-Pacific
9.7.1. Rest of Asia-Pacific Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
9.7.2. Rest of Asia-Pacific Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By End-Use, 2017-2028
9.8. Asia Pacific PEST Analysis
CHAPTER 10. Latin America Liquid Nitrogen Cryopreservation Market By Country
10.1. Latin America Liquid Nitrogen Cryopreservation Market Overview
10.2. Brazil
10.2.1. Brazil Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
10.2.2. Brazil Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By End-Use, 2017-2028
10.3. Mexico
10.3.1. Mexico Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
10.3.2. Mexico Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By End-Use, 2017-2028
10.4. Rest of Latin America
10.4.1. Rest of Latin America Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
10.4.2. Rest of Latin America Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By End-Use, 2017-2028
10.5. Latin America PEST Analysis
CHAPTER 11. Middle East & Africa Liquid Nitrogen Cryopreservation Market By Country
11.1. Middle East & Africa Liquid Nitrogen Cryopreservation Market Overview
11.2. GCC
11.2.1. GCC Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
11.2.2. GCC Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By End-Use, 2017-2028
11.3. South Africa
11.3.1. South Africa Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
11.3.2. South Africa Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By End-Use, 2017-2028
11.4. Rest of Middle East & Africa
11.4.1. Rest of Middle East & Africa Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
11.4.2. Rest of Middle East & Africa Liquid Nitrogen Cryopreservation Market Revenue (US$ Mn) and Forecast By End-Use, 2017-2028
11.5. Middle East & Africa PEST Analysis
CHAPTER 12. Player Analysis Of Liquid Nitrogen Cryopreservation
12.1. Liquid Nitrogen Cryopreservation Market Company Share Analysis
12.2. Competition Matrix
12.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
12.2.2. New Product Launches and Product Enhancements
12.2.3. Mergers And Acquisition In Global Liquid Nitrogen Cryopreservation Market
12.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 13. COMPANY PROFILE
13.1. CUSTOM BIOGENIC SYSTEMS
13.1.1. Company Snapshot
13.1.2. Business Overview
13.1.3. Financial Overview
13.1.3.1. Revenue (US$ Mn), 2020
13.1.3.2. CUSTOM BIOGENIC SYSTEMS 2020 Liquid Nitrogen Cryopreservation Business Regional Distribution
13.1.4. Product/ Service and Specification
13.1.5. Recent Developments & Business Strategy
13.1.6. Manufacturing Plant Footprint Analysis
13.2. Chart Industries
13.3. Linde
13.4. Taylor-Wharton
13.5. Antech Group Inc.
13.6. Abeyance Cryo Solutions
13.7. Thermo Fisher Scientific, Inc.
13.8. Worthington Industries, Inc.
13.9. BIOLOGIX GROUP LTD
13.10. Others
