Automated Cryogenic Biological Sample Storage System Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 3.5 Billion by 2030, growing at a CAGR of 10.8% from 2024 to 2030.
The automated cryogenic biological sample storage system market has seen significant growth in recent years with a current market size valued at approximately USD 2.1 billion in 2023. The market is projected to grow at a compound annual growth rate CAGR of 9.5% over the next 5–10 years. This growth can be attributed to increasing demand for sample storage in biobanks pharmaceuticals research institutions and biotechnology sectors all of which require high volume secure and temperature controlled solutions for storing sensitive biological samples.
Several factors are driving this growth including advancements in automation technology the rising number of biopharmaceutical companies and the expanding application areas of cryogenic storage in various research fields like genomics drug discovery and personalized medicine. Moreover the adoption of automated systems offers increased efficiency enhanced accuracy and minimized human error in sample management. The growing need for sample integrity and safety across industries has accelerated the demand for cryogenic biological sample storage systems.
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The key drivers of the automated cryogenic biological sample storage system market include:
Technological Advancements: Automation technologies such as robotics artificial intelligence AI and Internet of Things IoT are increasingly being integrated into cryogenic storage systems to improve efficiency safety and sample tracking. This reduces the need for manual intervention and ensures better sample management.
Increased Demand in Healthcare and Research: With rising global investments in healthcare and biomedical research particularly in genomics biotechnology and drug discovery the need for secure and reliable sample storage solutions has escalated.
Growing Biobank Infrastructure: The expansion of biobanks and biorepositories is driving the demand for high capacity automated cryogenic storage solutions to manage large volumes of biological samples.
Despite the market’s growth there are several restraints affecting the industry:
High Initial Costs: The upfront cost of automated cryogenic biological sample storage systems can be substantial making them less accessible for smaller laboratories or institutions with limited budgets.
Regulatory Compliance: Stringent regulations related to the handling storage and transportation of biological samples across regions can create complexities for market participants. Compliance with local national and international guidelines requires significant investments in infrastructure and operational processes.
Key opportunities for growth in the market include:
Expansion in Emerging Markets: Emerging economies particularly in Asia Pacific are witnessing an increase in healthcare spending biopharmaceutical research and biobank infrastructure development providing lucrative opportunities for market players.
Technological Innovation: Continuous advancements in cryogenic storage technologies including energy efficient and sustainable systems open up new market opportunities. The development of smaller modular systems also offers customization potential for various types of end users.
Personalized Medicine Growth: The rise of personalized medicine which relies heavily on the availability and integrity of biological samples is expected to drive demand for advanced cryogenic storage systems.
The market can be segmented into the following applications:
Research & Development: This segment holds the largest share of the market driven by the increasing demand for sample preservation in genomics molecular biology and drug discovery research.
Biobanks & Biorepositories: Biobanks store biological samples for long term preservation and with the growing global biobank network this segment continues to expand rapidly.
Pharmaceutical & Biotechnology: Pharmaceutical companies use cryogenic storage for drug development processes clinical trials and genetic research supporting this segment’s growth.
The end user categories include:
Research Institutions: Academic research institutions and laboratories are significant users of automated cryogenic storage systems for biological sample preservation and experimentation.
Hospitals & Healthcare Providers: Hospitals particularly in areas like fertility clinics or genetic counseling centers rely on cryogenic storage systems for preserving biological samples for diagnostic purposes.
Biotech & Pharmaceutical Companies: These companies heavily invest in automated storage systems for drug discovery and clinical trials.
The market is further segmented by region with key regions including:
North America: The largest market for cryogenic storage systems driven by robust healthcare infrastructure and significant investments in biomedical research.
Europe: Europe is also a key market with substantial contributions from biopharma and healthcare sectors.
Asia Pacific: This region is expected to grow at the highest rate due to increasing healthcare expenditure growing biotech research and the rise of biobank infrastructure in countries like China and India.
Rest of the World: The Middle East Latin America and Africa show steady growth especially in emerging healthcare markets.
Leading players in the automated cryogenic biological sample storage system market include:
Thermo Fisher Scientific: A global leader in scientific research and laboratory equipment Thermo Fisher offers state of the art automated cryogenic storage solutions and has a significant market presence.
Chart Industries Inc.: Chart Industries provides a range of cryogenic storage equipment including automated storage tanks and liquid nitrogen based systems serving both healthcare and research sectors.
Panasonic Healthcare: Known for its innovative cryogenic storage products Panasonic provides reliable automated systems tailored for pharmaceutical biotechnology and academic research applications.
BioCision: A leader in cryogenic transport and storage systems BioCision’s products focus on temperature sensitive biological samples.
The market is evolving due to emerging trends such as:
Integration with Cloud Technology: Automated cryogenic systems are increasingly being integrated with cloud computing allowing for real time monitoring data storage and analysis of sample conditions remotely.
Energy Efficient Systems: With a growing focus on sustainability companies are investing in energy efficient cryogenic storage systems that reduce energy consumption and minimize environmental impact.
Modular Storage Systems: Customizable modular cryogenic storage systems that can be expanded based on specific requirements are becoming more popular among small to medium sized research labs and companies.
Some of the challenges faced by the market include:
Supply Chain Issues: There are potential disruptions in the supply chain of cryogenic storage equipment primarily due to the global shortage of certain components. Solution: Diversifying the supplier base and leveraging localized manufacturing facilities could alleviate these challenges.
Regulatory Barriers: Adhering to global regulatory standards such as the FDA and EMA can be complex. Solution: Companies should invest in compliance management and regulatory affairs teams to ensure smooth operations.
The automated cryogenic biological sample storage system market is poised for continued growth driven by advancements in automation technology increasing demand for biobanks and the rise of personalized medicine. Over the next decade the market is expected to expand further with the integration of more sophisticated technologies such as AI robotics and IoT into cryogenic storage systems. Key growth drivers will include the increasing need for safe and long term storage solutions for sensitive biological samples and the expansion of healthcare and pharmaceutical sectors worldwide.
North America and Europe currently lead the market due to robust healthcare infrastructure while Asia Pacific is expected to see rapid growth in the coming years due to the expansion of biopharmaceutical industries and research sectors.
Key applications include research and development biobanks and biorepositories and pharmaceutical and biotechnology industries which require secure long term storage of biological samples.
The major challenges include high initial costs regulatory compliance issues and supply chain disruptions. Companies are adopting solutions such as diversifying suppliers and investing in compliance teams to mitigate these challenges.
Leading companies include Thermo Fisher Scientific Chart Industries Panasonic Healthcare and BioCision all of which offer a range of innovative cryogenic storage solutions for various industries.
The market has significant growth potential driven by technological advancements expanding biobank infrastructure and rising demand for personalized medicine and biomedical research. The market is expected to grow at a robust CAGR of 9.5% over the next decade.
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Haier Biomedical
Hamilton
SPT Labtech
Azenta (formerly Brooks Automation)
Thermo Fisher Scientific
IRELEC
MGI Tech
Askion Biobanking
Labplan
Liconic
BioLife Solutions
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automated Cryogenic Biological Sample Storage System Market
Hospital
Research Institutes
Biopharmaceutical Company
Other
Based on Types the Market is categorized into Below types that held the largest Automated Cryogenic Biological Sample Storage System market share In 2023.
Small Capacity
Medium Capacity
Large Capacity
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automated Cryogenic Biological Sample Storage System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automated Cryogenic Biological Sample Storage System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automated Cryogenic Biological Sample Storage System Market, By Type
6. Global Automated Cryogenic Biological Sample Storage System Market, By Application
7. Global Automated Cryogenic Biological Sample Storage System Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automated Cryogenic Biological Sample Storage System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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