Cryopreservation is a technique to minimize cell damage through temperature freezing and storage to biological materials such as tissue, bacteria, fungi, virus, and mammalian cells. Cryopreservation provides a continuous source of tissues and genetically stable living cells that can be used for various applications such as research and biomedical processes. The equipment required for cryopreservation includes cryopreservation systems, cryoware, accessories, and cryogen.
Thermo Fisher Scientific, Inc. and PHC Corporation – Notable Market Players in Cryopreservation Equipment Market
The cryopreservation equipment market majorly consists of the players such as Thermo Fisher Scientific Inc., Gold Sim Cellular Science LLC, Brooks Automation, Inc, Avantor, Inc., Hamilton Company, PHC Holdings Corporation, General Electric Company, Cryoport Systems, LLC., Antech Group Inc., Cryofab, BioLife Solutions, and ZhongkeMeiling Cryogenics Company Limited among others. The companies have been implementing various strategies that have helped the growth of the company and in turn have brought about various changes in the market. The companies have adopted several inorganic and organic strategies to accelerate their growth and improve their market position.
Below is the list of the growth strategies done by the players operating in the cryopreservation equipment market:
| Year | News |
| January, 2021 | Thermo Scientific CryoMed Controlled-Rate Freezers (CRF) use Type T thermocouples to monitor chamber and sample temperatures in real-time, ensuring sample safety and integrity. |
| August, 2020 | PHC Corporation of North America introduced a high-performance pharmaceutical refrigerator designed for vaccine and biologics storage. |
| November, 2019 | Custom Biogenic Systems, Inc. was acquired by BioLife Solutions, Inc. for essentially all its assets (“CBS”). CBS is a privately held firm based near Detroit that specializes in the design and manufacture of cutting-edge liquid nitrogen laboratory freezers and cryogenic equipment. |
