Middle East and Africa Cryopreservation Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Freezers, Sample Preparation Systems, and Accessories); Cryogen Type (Liquid Nitrogen, Oxygen, Liquid Helium, Argon, and Others); Ap

Middle East and Africa Cryopreservation Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Freezers, Sample Preparation Systems, and Accessories); Cryogen Type (Liquid Nitrogen, Oxygen, Liquid Helium, Argon, and Others); Application (Cord Blood Stem Cells, Sperms, Semen, & Testicular Tissues, Embryos & Oocytes, Cell and Gene Therapies, and Others); End User (Stem Cell Banks, Biotechnology & Pharmaceutical Organizations, Stem Cell Research Laboratories, and Others)

The cryopreservation equipment market in Middle East and Africa is expected to grow from US$ 229.6 million in 2021 to US$ 387.2 million by 2028; it is estimated to grow at a CAGR of 7.7% from 2021 to 2028.

Cryopreservation has become an important aspect of the manufacturing process for many cellular therapies, as it occasionally comes before cell culture (by conserving the starting cellular material before moving forward with large-scale manufacturing) and generally follows cell expansion therapies. The ability to store cells at different points during the manufacturing process allows for the creation of a customized workflow. Cryopreservation can be employed in both types of transplant manufacturing processes a patient-specific therapy, such as autologous therapy, and/or an allogeneic therapy. The efficacy of immune cell-based cancer therapies depends on the injection of highly viable cells after thawing; the injected cells can effectively detect and destroy target tumour cells. Adopting best practices during manufacturing such as the selection of GMP-grade or suitable cryoprotective agents (CPA) and controlled-rate freezing equipment with appropriate cooling profiles for immune cells helps generate high-quality cells. This guarantees the consistency of products and effective functioning of cells. The cryopreservation of cell-based therapeutic products also aids in quarantining donor cells and final products, allowing for more extensive microbiological testing. Coordinating and transporting the final product in accordance with the patient's treatment plan and extending the final product's shelf life prior to patient administration. Thus, the importance of cryopreservation in the successful delivery of cell-based therapies boosts the use of cryopreservation equipment.

The market for cryopreservation equipment market is segmented into type, cryogen type, application, and end user. Based on type, the cryopreservation equipment market is segmented into freezers, sample preparation systems, and accessories. In 2020, the freezers segment held the largest share of the market, by type. Moreover, the same segment is estimated to grow at significant CAGR due to versatile nature of freezers to be used in various settings, easy to use, technological advances, increasing product launches, and high adoption of freezers in stem cell banks during the forecast period.

The cryopreservation equipment market in the Middle East and Africa comprises UAE, Saudi Arabia, South Africa, and other GCC. The COVID-19 pandemic has become the most significant challenge in the region. The Middle East has reported around 12 million cases while Africa witnessed 4.5 million cases. Many countries in the region have very less developed and underfunded healthcare systems. Sudden emergence of the virus caused severe pressure on healthcare facilities in the region. Furthermore, shortage of hospital supplies also accelerate the criticality of the condition. During the pandemic, the focus of healthcare professionals was only limited to the COVID management, which substantially hampered a few other research and stem cell research projects in the region. Moreover, implementation of social distancing policies resulted into limited patients visits to laboratories and academic centers, which drastically impacted the use and thus the demand of cryopreservation equipment in Middle East and Africa. However, launch of coronavirus vaccination programs in several countries will ultimately control the situation in years to come. These efforts to control the spread will ultimately recover and restore the situations post-pandemic.

The overall Middle East and Africa cryopreservation equipment market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Middle East and Africa cryopreservation equipment market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Middle East and Africa Cryopreservation equipment market. Thermo Fisher Scientific Inc., Brooks Automation, Inc., Avantor, Inc., Hamilton Company, PHC Holdings Corporation, General Electric Company, Cryoport Systems, LLC., Antech Group Inc., BioLife Solutions, and ZhongkeMeiling Cryogenics Company Limited are among a few players operating in the Middle East and Africa cryopreservation equipment market.

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