Biological Storage System Market Revenue was valued at USD 3.5 Billion in 2024 and is estimated to reach USD 6.8 Billion by 2033, growing at a CAGR of 8.1% from 2026 to 2033.
The global biological storage system market size was valued at approximately USD 5.2 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030. The increasing demand for biological samples storage, rising biotechnology applications, and growing investment in healthcare and life sciences are key drivers contributing to market growth. The markets steady growth is also fueled by advancements in storage technologies, such as temperature controlled storage solutions, which ensure the safety of biological samples, including cells, tissues, and DNA. The rising need for biobanks in clinical trials and research activities is further pushing the markets expansion across various regions globally.
Regionally, North America held the largest share of the biological storage system market in 2022, accounting for approximately 40% of the global market revenue. The region’s dominance is attributed to the well established healthcare infrastructure, increasing healthcare spending, and the strong presence of pharmaceutical and biotechnology industries. Europe followed closely with a market share of 30%, driven by the growing emphasis on life sciences research and an increase in government and private sector investments in biorepositories. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, with a projected CAGR of 9.2% due to increasing healthcare awareness, advancements in biotechnology, and rising demand for biobanks. Latin America and the Middle East & Africa are anticipated to grow at a moderate rate, with an increasing adoption of biological storage systems in healthcare research and development.
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Chart Industries
Thoren Caging Systems
Inc.
SRC Refrigeration
International Cryogenics
Inc.
GenVault Corp.
SCISAFE
Hamilton Company
GenTegra LLC
Ecomembrane LLC
Firelock Fireproof Modular Vaults
Snow River Chillers
BIOBASE LLC
Azenta
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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. 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 Biological Storage System Market
Refrigerated Storage Systems
Freezers
Cold Room Facilities
Liquid Nitrogen Containers
Pharmaceutical Companies
Research Laboratories
Biotechnology Firms
Hospitals and Diagnostic Centers
Cell and Tissue Storage
Biobanking
Vaccine Storage
Sample Preservation
Small Capacity Systems (up to 100 L)
Medium Capacity Systems (100 L to 1000 L)
Large Capacity Systems (above 1000 L)
Ultralow Temperature Technology
Mechanical Storage Technology
Thermal Storage Technology
Biological Containers and Accessories
US (United States, US 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 Biological 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 Biological Storage System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Biological Storage System Market, By Type
6. Global Biological Storage System Market, By Application
7. Global Biological Storage System Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Biological Storage System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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