Cryogenic Freezers Market to record USD 131.52 Mn incremental growth; Driven by growing demand from the healthcare industry -- Technavio

USA - English

• USA - English

NEW YORK, Oct. 24, 2022 /PRNewswire/ -- The "Cryogenic Freezers Market by End-user and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The report expects the market size to grow by 131.52 million, accelerating at a CAGR of 7.18% during the forecast period. To estimate the size of the market, Technavio has tracked the latest trends and developments in the life sciences tools and services industry. Some of the factors considered to estimate the market size include the prevalence rate of diseases, GDP growth, current healthcare expenditure, per capita income, disposable incomes, and commodity price fluctuations among others. Discover market potential and make informed business decisions based on qualitative and quantitative evidences highlighted exclusively in this market study. Buy Full Report Here

The market is driven by the growing demand from the healthcare industry. Cryogenic freezers play an important role in the healthcare industry. They are used for the biological storage of stem cells, bone marrow, human tissues, and cord blood and for other highly sensitive biological and pharmaceutical applications. The healthcare industry is constantly experiencing technological advances and innovations in areas such as regenerative medicines, vaccinations, immunotherapy, and biopharmaceuticals. This is increasing the need for cryogenic freezers for preservation, storage, and treatment applications at specific temperatures. As a result of these factors, the market size will grow significantly over the forecast period.

Identify other drivers, trends, and challenges impacting the growth of the global cryogenic freezers market. Request Sample PDF Report Now

The global cryogenic freezers market is fragmented due to the presence of numerous vendors ranging from small regional vendors to large global vendors. The established vendors hold a significant share of the market. They have strong customer support capabilities, financial abilities, and technical expertise for product development. However, these vendors face significant competition from local vendors in terms of price. To compete with established vendors, local vendors adopt competitive pricing strategies and application-specific offerings that enhance their market penetration. In addition, many major and emerging cryogenic freezers manufacturers are expanding their businesses through organic growth strategies by making a collaborative effort with end-users and developing biorepositories using companies' products. All these factors are expected to intensify the competition in the market over the forecast period.

Technavio identifies the following as the major players in the market.

• ACMAS Technologies Pvt. Ltd.
• Air Water Inc.
• ARCTIKO AS
• Aucma Co. Ltd
• Avantor Inc.
• BioLife Solutions, Inc. 
• Brooks Automation Inc.
• Chart Industries Inc.
• ZHONGKE MEILING CRYOGENICS CO. LTD.
• Froilabo
• Haier Biomedical
• Hamilton Thorne Ltd. 
• Helmer Scientific Inc.
• Panasonic Holdings Corp.
• PHC Holdings Corp.
• Scientific Research Instruments Co Pvt Ltd
• Thermo Fisher Scientific Inc.
• Wuxi Guanya Refrigeration Technology Co. Ltd.
• Scimed Asia Pte Ltd.
• Stericox India Pvt. Ltd.

Technavio's library includes over 17,000+ reports covering more than 2,000 emerging technologies. Subscribe to our "Basic Plan" at just USD 5,000 and get lifetime access to our Technavio Insights.

• Hospitals and blood centers - size and forecast 2021-2026
• Biotechnology companies - size and forecast 2021-2026
• Academic and research institutions - size and forecast 2021-2026
• Others - size and forecast 2021-2026

Hospitals and blood centers are the prime end-users of cryogenic freezers. In hospitals, cryogenic freezers are required to store biological sample freezers, drugs and vaccines, skin cells, and cultures. In blood banks, cryogenic freezers are used to store blood samples.

• North America - size and forecast 2021-2026
• Europe - size and forecast 2021-2026
• Asia - size and forecast 2021-2026
• Rest of World (ROW) - size and forecast 2021-2026

About 36% of the market growth will come from North America during the forecast period. Factors such as the increasing demand for the cryopreservation of biomaterials and the growth in cryopreserved sample volumes are driving the growth of the regional market. In addition, the increasing adoption of connected IT architecture among biobanks and laboratories is positively influencing the growth of the cryogenic freezers market in North America.

Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request Free Sample Report Here

Related Reports:

Global Cryogenic Vials Market 2021-2025: The global cryogenic vials market is segmented by type (internally threaded cryogenic vials and externally threaded cryogenic vials) and geography (North America, Europe, Asia, and ROW). The market will observe increased demand for internally threaded cryogenic vials during the forecast period. North America to have a significant share of the market. View Report Snapshot Here

Global Stem Cell Banking Market 2021-2025: The global stem cell banking market is segmented by type (adult stem cells, sarcoma, umbilical cord blood stem cells, and embryonic stem cells) and geography (North America, Europe, Asia, and ROW). By type, the market growth will be significant in the adult stem cells segment during the forecast period. North America will dominate market growth. View Report Snapshot Here

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

• 5.1 Market segments 
• Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user 
• Exhibit 26: Chart on Comparison by End-user
• Exhibit 27: Data Table on Comparison by End-user

• 5.3 Hospitals and blood centers - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Hospitals and blood centers - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Hospitals and blood centers - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Hospitals and blood centers - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Hospitals and blood centers - Year-over-year growth 2021-2026 (%)

• 5.4 Biotechnology companies - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Biotechnology companies - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Biotechnology companies - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Biotechnology companies - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Biotechnology companies - Year-over-year growth 2021-2026 (%)

• 5.5 Academic and research institutions - Market size and forecast 2021-2026 
• Exhibit 36: Chart on Academic and research institutions - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Academic and research institutions - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Academic and research institutions - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Academic and research institutions - Year-over-year growth 2021-2026 (%)

• 5.6 Others - Market size and forecast 2021-2026
• Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.7 Market opportunity by End-user 
• Exhibit 44: Market opportunity by End-user ($ million)

• 6.1 Customer landscape overview 
• Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

• 7.1 Geographic segmentation 
• Exhibit 46: Chart on Market share by geography 2021-2026 (%)
• Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 48: Chart on Geographic comparison
• Exhibit 49: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 Asia - Market size and forecast 2021-2026
• Exhibit 58: Chart on Asia - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Asia - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Asia - Year-over-year growth 2021-2026 (%)

• 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
• Exhibit 62: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)

• 7.7 US - Market size and forecast 2021-2026
• Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.8 Germany - Market size and forecast 2021-2026
• Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.9 France - Market size and forecast 2021-2026
• Exhibit 74: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.10 China - Market size and forecast 2021-2026
• Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.11 UK - Market size and forecast 2021-2026
• Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.12 Market opportunity by geography 
• Exhibit 86: Market opportunity by geography ($ million)

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 90: Impact of key risks on business

• 10.1 Vendors covered 
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Air Water Inc. 
• Exhibit 93: Air Water Inc. - Overview
• Exhibit 94: Air Water Inc. - Business segments
• Exhibit 95: Air Water Inc. - Key offerings
• Exhibit 96: Air Water Inc. - Segment focus

• 10.4 ARCTIKO AS 
• Exhibit 97: ARCTIKO AS - Overview
• Exhibit 98: ARCTIKO AS - Product / Service
• Exhibit 99: ARCTIKO AS - Key offerings

• 10.5 Aucma Co. Ltd 
• Exhibit 100: Aucma Co. Ltd - Overview
• Exhibit 101: Aucma Co. Ltd - Product / Service
• Exhibit 102: Aucma Co. Ltd - Key offerings

• 10.6 Avantor Inc. 
• Exhibit 103: Avantor Inc. - Overview
• Exhibit 104: Avantor Inc. - Business segments
• Exhibit 105: Avantor Inc. - Key news
• Exhibit 106: Avantor Inc. - Key offerings
• Exhibit 107: Avantor Inc. - Segment focus

• 10.7 Chart Industries Inc. 
• Exhibit 108: Chart Industries Inc. - Overview
• Exhibit 109: Chart Industries Inc. - Business segments
• Exhibit 110: Chart Industries Inc. - Key news
• Exhibit 111: Chart Industries Inc. - Key offerings
• Exhibit 112: Chart Industries Inc. - Segment focus

• 10.8 Froilabo 
• Exhibit 113: Froilabo - Overview
• Exhibit 114: Froilabo - Product / Service
• Exhibit 115: Froilabo - Key offerings

• 10.9 Haier Biomedical 
• Exhibit 116: Haier Biomedical - Overview
• Exhibit 117: Haier Biomedical - Product / Service
• Exhibit 118: Haier Biomedical - Key offerings

• 10.10 Panasonic Holdings Corp. 
• Exhibit 119: Panasonic Holdings Corp. - Overview
• Exhibit 120: Panasonic Holdings Corp. - Business segments
• Exhibit 121: Panasonic Holdings Corp. - Key news
• Exhibit 122: Panasonic Holdings Corp. - Key offerings
• Exhibit 123: Panasonic Holdings Corp. - Segment focus

• 10.11 Scientific Research Instruments Co Pvt Ltd
• Exhibit 124: Scientific Research Instruments Co Pvt Ltd - Overview
• Exhibit 125: Scientific Research Instruments Co Pvt Ltd - Product / Service
• Exhibit 126: Scientific Research Instruments Co Pvt Ltd - Key offerings

• 10.12 Thermo Fisher Scientific Inc. 
• Exhibit 127: Thermo Fisher Scientific Inc. - Overview
• Exhibit 128: Thermo Fisher Scientific Inc. - Business segments
• Exhibit 129: Thermo Fisher Scientific Inc. - Key news
• Exhibit 130: Thermo Fisher Scientific Inc. - Key offerings
• Exhibit 131: Thermo Fisher Scientific Inc. - Segment focus

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 132: Inclusions checklist
• Exhibit 133: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 134: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 135: Research methodology
• Exhibit 136: Validation techniques employed for market sizing
• Exhibit 137: Information sources

• 11.5 List of abbreviations 
• Exhibit 138: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio