Cryogenic Storage Equipment in Healthcare Market Forecast 2029: Key Players and Emerging Trends

Jackson Harris
9 hours ago
4 min read

Future of Cryogenic Storage Equipment in Healthcare Market: Key Dynamics, Size & Share Analysis

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 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.

Top Challenges Impacting the Cryogenic Storage Equipment in Healthcare Market Growth

Cryogenic Storage Packaging for Cell Lines to Impede Market Growth – Cryogenic storage packaging for cell lines creates challenges in market growth. As cell lines are crucial in various biomedical and biotechnological applications, therefore their storage poses challenges. This is primarily due to the traditional packaging systems, made up of glass, and are ill-suited for cryogenic storage environments.

Glass containers are unable to withstand the extreme conditions of low temperatures, leading to concerns such as breakage & cracking when vials are subjected to temperature fluctuations, potentially resulting in cell death. These limitations in packaging & handling systems hinder the efficient & safe storage of cell lines, posing a notable challenge within the Global Cryogenic Storage Equipment in Healthcare Market.

Understanding the Core Segments in the Cryogenic Storage Equipment in Healthcare Market

Cryogenic Storage Equipment in Healthcare Market Size, Share & Industry Trends Analysis- 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.

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Geographical Analysis of the Cryogenic Storage Equipment in Healthcare Market

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

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

Who Dominates the Cryogenic Storage Equipment in Healthcare Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.d

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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