The global 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.

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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.

Market Coverage

The market number available for - 2022-2028Base year- 2021Forecast period- 2022-2028Segment Covered-By Cryoprotective AgentsBy MethodBy ApplicationBy End-UserRegions Covered-North AmericaEuropeAsia-PacificRest of the WorldCompetitive Landscape- Bio-Rad Laboratories Inc., GE HEALTHCARE, OREGON CRYONICS, Merck KGaA, and others.

Key questions addressed by the report

What is the market growth rate?Which segment/region dominates the market in the base year?Which segment/region will project the fastest growth in the market?How has COVID-19 impacted the market?oRecovery TimelineoDeviation from the pre-COVID forecastoMost affected region/segmentWho is the leader in the market?How players are addressing challenges to sustain growth?Where is the investment opportunity?

Global Cryonics Technology Market- Segmentation

By Cryoprotective Agents

Permeating cryoprotectantsNon-permeating cryoprotectants

By Method

Slow freezingVitrificationUltra-rapid

By Application

Animal husbandryFishery scienceMedical sciencePreservation of microbiology cultureConserving plant biodiversity

By end-user

Life science and healthcare facilitiesResearch laboratories

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Cryonics Technology Market- Segment by Region

North America

United StatesCanada

Europe

GermanyUnited KingdomFranceSpainItalyRest of Europe

Asia-Pacific

ChinaJapanIndiaRest of Asia-Pacific

Rest of the World

Middle East & Africa Latin America

Company Profiles

BioCisionCryologics, Inc.Cryonics Asia, Ltd.Cryonics InstituteCryotherm GmbH & Co. KGGE HealthcareHumai Technologies GmbHKrioRus Oregon CryonicsPraxair Technology, Inc. Sigma-Aldrich

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Cryonics Technology Market Trends, Research Report, Growth, Opportunities and Forecast 2023-2029 - openPR