Medical Cryogenic Storage Equipment Market size was valued at USD 4.3 Billion in 2024 and is forecasted to grow at a CAGR of 7.2% from 2026 to 2033, reaching USD 7.9 Billion by 2033.
The global medical cryogenic storage equipment market was valued at approximately USD 2.4 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 8.2% from 2023 to 2030. The market's growth can be attributed to increasing demand for cryogenic storage in the healthcare sector, particularly for preserving biological materials such as blood, stem cells, and vaccines. North America dominated the market in 2022, holding a significant share due to the presence of well-established healthcare infrastructure, growing investments in research and development, and the rising number of healthcare facilities adopting cryogenic technologies. The market in this region was valued at around USD 1.1 billion in 2022. Europe followed closely, accounting for a substantial market share as well, driven by advancements in medical research and an increasing number of fertility clinics utilizing cryogenic storage solutions. Asia Pacific is expected to witness the highest growth rate during the forecast period, with a CAGR of 9.4%. This growth can be attributed to the growing healthcare infrastructure, an increasing number of biotech research initiatives, and expanding awareness regarding cryogenic technologies in emerging economies such as China and India. The market in the Asia Pacific region was valued at around USD 600 million in 2022. Latin America and the Middle East & Africa (MEA) are also expected to experience steady growth, fueled by rising investments in healthcare and the growing demand for medical cryogenic storage solutions in hospitals and research facilities. These regions accounted for a smaller portion of the market, but their growth potential presents opportunities for industry players looking to expand into these regions.
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Thermo Fisher
PHC Corporation
Haier Biomedical
B Medical Systems
Vestfrost Solutions
Helmer Scientific
KIRSCH
Eppendorf
Arctiko
Follett
Nihon Freezer
Angelantoni Life Science
Zhongke Meiling
Felix Storch
Aucma
So-Low
FIOCCHETTI
Labcold
Custom Biogenic Systems
Lec Medical
Statebourne Cryogenics
KW Apparecchi Scientifici
KRYOTECH
Thalheimer Kühlung
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 Medical Cryogenic Storage Equipment Market
Liquid Nitrogen Tanks
Freezers
Storage Bags
Automated Storage Systems
Transport Containers
Stem Cell Storage
Sperm and Oocyte Preservation
Tissue and Organ Preservation
Drug Development and Pharmaceutical Storage
Research and Development Applications
Healthcare Institutions
Biotechnology Companies
Pharmaceutical Companies
Academic and Research Institutions
Blood Banks and Biorepositories
Small Scale (Up to 1 Liter)
Medium Scale (1 to 10 Liters)
Large Scale (10 to 100 Liters)
Commercial Scale (Above 100 Liters)
Storage Chamber
Control Systems
Monitoring Systems
Insulation Materials
Accessories (trolleys, sensors, etc.)
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 Medical Cryogenic Storage Equipment 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 Medical Cryogenic Storage Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Medical Cryogenic Storage Equipment Market, By Type
6. Global Medical Cryogenic Storage Equipment Market, By Application
7. Global Medical Cryogenic Storage Equipment Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Medical Cryogenic Storage Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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