Cryogenic Storage Equipment in Healthcare Market Overview: 2024-2029
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-29
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 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.
Markntel Advisor’s Cryogenic Storage Equipment in Healthcare Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Cryogenic Storage Equipment in Healthcare Market drivers, barriers, Cryogenic Storage Equipment in Healthcare Market Trends, and Key Players in Cryogenic Storage Equipment in Healthcare Market.
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Cryogenic Storage Equipment in Healthcare Market Dynamics: 2024-2029
Cryogenic Storage Equipment in Healthcare Market Driver:
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.
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Cryogenic Storage Equipment in Healthcare Market (2024-29): Segmentation Outlook
The market report has segmented the market into the following categories:
- 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
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Top Companies Operating in the 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.
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