The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Global Cryogenic Storage Equipment in Healthcare Market (2024-2029):

According to the latest report, the Cryogenic Storage Equipment in Healthcare Market size is valued at around USD 2.01 billion in 2023 and is estimated to grow at a CAGR of about 8.01% during the forecast period, i.e., 2024-29. The report demonstrates the prominent factors propelling the exponential growth of the Cryogenic Storage Equipment in Healthcare Market.

Key Takeaways: Beneficial for Stakeholders and Clients

• Historic Period: 2019-2022
• Base year: 2023
• Forecast Years: 2024-2029
• CAGR (2024-29): 8.01%
• Market Value in 2023: USD 2.01 Billion

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What are the major Driver the Cryogenic Storage Equipment in Healthcare industry?

Cell & Gene Therapies Storage Are Driving the Demand for Cryogenic Storage Equipment – The rising prevalence of chronic & autoimmune disease globally have been influencing the demand for cell & gene therapies for treatment, further driving the need for cryogenic storage equipment in the healthcare industry. This demand is primarily driven by the imperative to maintain the therapies at low temperatures to preserve their integrity & efficacy.
With the growing demand for cell therapies, numerous companies are actively working on creating new and inventive products that can fulfill the storage and transportation needs of these therapies while also ensuring their safety. These advancements in the safe processing and storage of cell therapies are poised to significantly boost the demand for cryogenic storage solutions in the market.

Global Cryogenic Storage Equipment in Healthcare Market Segmentation

The Cryogenic Storage Equipment in Healthcare Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

• By Type
• Blood Refrigerators- Market Size & Forecast 2019-2029, (USD Million)
• Medical Freezers- Market Size & Forecast 2019-2029, (USD Million)
• Medical Cryopreservation Box- Market Size & Forecast 2019-2029, (USD Million)
• Liquid Nitrogen Tank -Market Size & Forecast 2019-2029, (USD Million)
• Others- Market Size & Forecast 2019-2029, (USD Million)
• By Temperature Range
• Low-temperature (-50⁰C to -150⁰C)- Market Size & Forecast 2019-2029, (USD Million)
• Ultra Low-temperature (Below -150⁰C)- Market Size & Forecast 2019-2029, (USD Million)
• By Equipment
• Tanks- Market Size & Forecast 2019-2029, (USD Million)
• Valves- Market Size & Forecast 2019-2029, (USD Million)
• Vaporizers- Market Size & Forecast 2019-2029, (USD Million)
• Pumps- Market Size & Forecast 2019-2029, (USD Million)
• Others- Market Size & Forecast 2019-2029, (USD Million)
• By End User
• Hospitals- Market Size & Forecast 2019-2029, (USD Million)
• Medical Testing Centers - Market Size & Forecast 2019-2029, (USD Million)
• Disease Control & Prevention Centers- Market Size & Forecast 2019-2029, (USD Million)
• Biopharmaceutical- Market Size & Forecast 2019-2029, (USD Million)
• Others- Market Size & Forecast 2019-2029, (USD Million)
• By Region
• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

As per the regional aspect, the Cryogenic Storage Equipment in Healthcare Market is expected to be dominated by the North America by capturing the potential market share. 

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Top Companies in the Global Cryogenic Storage Equipment in Healthcare Market

Thermofisher Scientific Inc., PHC Corporation, Vestfrost Solutions, B Medical System, Arctiko, Haier Biomedical, Eppendorf, Helmer Scientific , So-Low Environmental Equipment Co., Kirsch Medical, LabCold, Bioway Corporation, Aucma International, Lec Medical, Felix Storch, Others

Global Cryogenic Storage Equipment in Healthcare Industry Recent Development:

• 2022: Thermofisher Scientific launched new integrated packaging, distribution services, this end-to-end solution combines cryogenic & cold chain logistics, serialization compliance, and global distribution for cell & gene therapy innovators.

• 2023: PHC Corporation launched PHCbi Brand VIP ECO SMART ultra-low temperature freezer series for use in facilities, including medical institutions, universities, and pharmaceutical companies

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