A recent study conducted by Future Market Insights has unveiled a promising forecast for the global cryopreservation freezers market. With an anticipated compound annual growth rate (CAGR) of 6.5% through 2033, the market is poised for significant expansion, catapulting its value from USD 585.0 million in 2023 to an impressive USD 1.1 billion by 2033.
The cryopreservation freezers sector, vital for the long-term storage of biologics, organs, and tissues, holds a pivotal position in various clinical applications. In 2022, the market closed at a valuation of USD 552.3 million and is projected to witness a year-over-year growth of 5.9% in 2023.
Unlock The Treasure Trove Of Knowledge And Innovation – Grab Our Sample Report Now
As the demand for advanced medical treatments and biotechnological innovations continues to rise, the cryopreservation freezers market is expected to see substantial growth. The increasing prevalence of chronic diseases, advancements in regenerative medicine, and the growing need for biobanking solutions are key drivers propelling this market forward.
Future Market Insights’ report underscores the importance of cryopreservation freezers in ensuring the integrity and viability of biological samples. These freezers are indispensable in research and clinical settings, offering reliable solutions for the preservation of valuable biological materials.
With the market set to reach new heights, stakeholders across the healthcare and biotechnology sectors are encouraged to leverage the growth opportunities presented by this expanding market. As cryopreservation technologies continue to evolve, the global cryopreservation freezers market is well-positioned to support the advancements in medical research and patient care.
Key Takeaways from Market Study:
- By product, tunnel freezer contributed around USD 227.5 Million in 2022. The tunnel freezers excel in reducing environmental contamination, which helps to ensure the quality of the item stored and helps for a longer duration of storage.
- By end user, medical and healthcare settings contributed around USD 233.6 Million in 2022, owed to growing demand for long-term storage options for vaccines, biological samples, stem cells, and other medicinal supplies. The segment gains from the growing demand for safeguarding these delicate materials’ viability and integrity for use in research, diagnostics, and therapeutic procedures in medical and healthcare settings.
- By region, North America held dominant share in world in 2022 contributing around USD 201.0 Million. North America’s prominent position in the cryopreservation freezer market is a result of the existence of important market participants, research organizations, and academic institutions there.
Market Competition:
The cryopreservation freezers market is highly competitive, with key players including BioLife, Common Sense Ltd. and Nanjing Liming Bio-products Co., Ltd. These companies are constantly working towards introducing new products into the market with advanced features and new technology integrated.
- In January 2021, Biolife Solutions- stirling ultracold, a leading manufacturer of ultra-low temperature (ULT) freezers, signed exclusive distribution agreement as a sole supplier of ULT freezers to Puerto Rico and all US embassy facilities.
- In March 2023, BioLife introduces Stirling Ultraguard -70°C Phase Change Material.
Elevate Your Strategy the Full Report Instantly
What Does the Report Cover?
Future Market Insights offers a unique perspective and actionable insights on the cryopreservation freezers in its latest study, presenting a historical demand assessment of 2017 – 2022 and projections for 2023 – 2033. The global cryopreservation freezers market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader
The analysis is based on product type (tunnel freezer, IQF freezer, immersion freezer, spiral freezer and others), by end user (medical and healthcare settings, bio-pharma companies, blood banks, research institutes and others) across seven key regions around the world.
Key Market Segments Covered in Cryopreservation Freezers Industry Research:
By Product:
- Tunnel Freezer
- IQF Freezer
- Immersion Freezer
- Spiral Freezer
- Others
By End User:
- Medical and Healthcare settings
- Bio-pharma companies
- Blood Banks
- Research Institutes
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
