According to recent findings, the  Global 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. 

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Cryogenic Storage Equipment in Healthcare Overview:

The increasing need for regenerative medicine in addressing chronic diseases like cancer, diabetes, and dialysis is a key driver propelling the market growth. This surge is primarily attributed to the preservation of crucial resources such as blood cords & stem cells, essential for treating these diseases, which necessitate storage at extremely low temperatures to maintain the authenticity of the treatment.

The rising demand for medical gases like liquid nitrogen & oxygen in healthcare for managing respiratory & cardiac conditions is also fueling the requirement for cryogenic storage solutions, including tanks & freezers. These factors collectively contribute to the growing demand for cryogenic storage solutions on a global scale within the healthcare industry.

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Cryogenic Storage Equipment in Healthcare Outlook and Future Trends :

Government Industry Collaborations to Propel Market Expansion – In the Global Cryogenic Storage Equipment in Healthcare Market, a notable trend is the strategic collaboration between governments & cryogenic storage manufacturers to facilitate the establishment of manufacturing plants within their respective countries. This is driven by the increasing need for specialized storage facilities dedicated to drugs and therapies to meet growing domestic demand.

Global Cryogenic Storage Equipment in Healthcare Segmentation Analysis:

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)

According to reports, Medical freezers captured a considerable share of the Global Cryogenic Storage Equipment in the Healthcare Market in 2023.

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)

According to reports, Biopharmaceutical companies would capture the potential share of the Global Cryogenic Storage Equipment in Healthcare Market during the forecast period. 

By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific.

According to reports, The Asia-Pacific region is expected to dominate the Cryogenic Storage Equipment in Healthcare Market.

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Some of the Market players in the Global Cryogenic Storage Equipment in Healthcare are:

  • 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
  •  

Cryogenic Storage Equipment in Healthcare Recent Development:

  • 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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Key Highlights of the Report – Unlock Valuable Market Insights

  • Market Size, Share & Future Projections – Understand the current market dimensions and forecasted growth trajectory.
  • In-Depth Pricing Analysis – Get clarity on pricing trends and cost structures across segments.
  • Company Strategies & Developments – Discover recent mergers, acquisitions, partnerships, and innovations.
  • Key Stakeholders & Value Chain Insights – Identify the main players and their roles within the industry ecosystem.
  • Import & Export Dynamics – Analyze global trade flows, regional export trends, and supply chain movements.
  • Competitive Benchmarking – Gain a clear view of the leading companies and their market positioning.
  • Emerging Growth Opportunities – Spot untapped areas and niche markets for potential investment.
  • Market Trends & Growth Drivers – Stay ahead with insights into evolving consumer behavior and industry indicators.

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

  • Define objectives and research design
  • Collect data through surveys and interviews
  • Analyze and validate data using reliable tools
  • Forecast trends and deliver actionable insights

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