Overview of the Global Cryogenic Storage Equipment in Healthcare Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “Global Cryogenic Storage Equipment in Healthcare Market By Type (Blood Refrigerators, Medical Freezers, Medical Cryopreservation Box, Liquid Nitrogen Tank, Others), By Temperature Range (Low-temperature [-500C to -1500C], Ultra Low-temperature [Below -1500C]), By Equipment (Tanks, Valves, Vaporizers, Pumps, Others), By End User (Hospitals, Medical Testing Centers, Disease Control & Prevention Centers, Biopharmaceutical, Others), 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. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Global Cryogenic Storage Equipment in Healthcare Market Growth and Scope:
Base Year: 2023
Forecast Period: 2024-2030
Historical Data: 2019-22
CAGR (2024-2029): 8.01%
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Global Cryogenic Storage Equipment in Healthcare Market Opportunity
Advancing Novel Cell-based Therapies Creating Opportunities for Manufacturers – The emergence of novel cell-based therapies in the market presents a significant opportunity for cryogenic storage providers. Pharmaceutical & biotechnology companies are actively developing therapies for treating chronic diseases like cancer. For instance, in 2023, Bayer initiated phase 2 of a clinical trial for a cell therapy aimed at treating Parkinson’s disease following the successful completion of their early-stage study.
In anticipation of this demand, many cryogenic storage manufacturing companies are preparing to meet these upcoming storage needs. As the healthcare industry continues to innovate and develop advanced cell-based treatments, the role of cryogenic storage in supporting these therapies becomes increasingly vital in the future, thus enhancing the Cryogenic Storage Equipment in Healthcare Market size.
A Comprehensive Analysis of Leading Companies of Cryogenic Storage Equipment in Healthcare Market by MarkNtel Advisors:
- 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
Key Cryogenic Storage Equipment in Healthcare Market Segmentation:
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/cryogenic-storage-equipment-healthcare-market.html
-By Type
- Blood Refrigerators
- Medical Freezers
- Medical Cryopreservation Box
- Liquid Nitrogen Tanks
- Others
Medical freezers captured a considerable share of the Global Cryogenic Storage Equipment in the Healthcare Market in 2023.
-By End User
- Hospitals
- Medical Testing Centers
- Disease Control & Prevention Centers
- Biopharmaceuticals
- Others
Biopharmaceutical companies would capture the potential share of the Global Cryogenic Storage Equipment in Healthcare Market during the forecast period.
-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)
Geographical Analysis
-By Region
- North America
- Latin America
- Europe
- The Middle East & Africa
- Asia-Pacific
The Asia-Pacific region is expected to dominate the Cryogenic Storage Equipment in Healthcare Market.
Key Reports Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
- Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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