Biomedical Freezing Equipment Market was valued at USD 3.25 Billion in 2022 and is projected to reach USD 5.60 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
Between 2018 and 2022, the global biomedical freezing equipment market was valued at approximately $5 billion, showing a compound annual growth rate (CAGR) of 6% in this period. This growth was largely driven by advancements in freezing equipment, especially in the medical and research sectors. Notable progress in cryopreservation techniques has played a vital role in the market's expansion, with significant contributions from key industry players in North America and Europe. However, challenges such as high initial investment costs and technical limitations on storage capacity were hurdles that slowed the market's growth at times.
The demand for biomedical freezing equipment is expected to rise substantially from 2023 to 2033, propelled by the increasing need for cell and tissue storage in clinical settings. As regenerative medicine gains momentum, the requirement for reliable and efficient freezing technologies will continue to climb. Stem cell research, in particular, is one of the primary factors driving demand, as the preservation of stem cells requires high-performance freezing equipment. Moreover, technological innovations such as ultra-low temperature freezers and automated cryopreservation systems will provide the market with much-needed solutions for streamlining operations.
The Asia-Pacific region, with its rapidly advancing healthcare infrastructure and increasing research activities, is projected to emerge as a significant market contributor during the forecast period. Additionally, the growing adoption of personalized medicine and the rising incidence of chronic diseases are expected to fuel the demand for biomedical freezing equipment.
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The biomedical freezing equipment market has seen steady growth from 2018 to 2022, driven by increased demand for cryopreservation technologies in various applications like tissue preservation, organ storage, and cell banking. Over the years, technological advancements in freezing methods, such as the development of cryogenic freezers, have improved the preservation of biological samples. The ability to store cells, embryos, and other biological materials without degradation has opened new doors in fields such as regenerative medicine, stem cell research, and fertility treatments.
Brooks Automation
Panasonic
Thermo Fisher
Haier
Dometic
Helmer Scientific
Eppendorf
Felix Storch
Follett
Vestfrost
Standex
SO-LOW
Angelantoni Life Science
AUCMA
Zkduling
ZhongkeMeiling
Arctiko
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 Biomedical Freezing Equipment Market
Hospital
Biopharmaceutical Company
Research Institute
Other
Based on Types the Market is categorized into Below types that held the largest Biomedical Freezing Equipment market share In 2023.
Medical Refrigerator (2-8℃)
Blood Refrigerator (2-6℃)
Medical Freezer (-10-25℃)
Liquid Nitrogen Tank (-150-196℃)
Other
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 Biomedical Freezing 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 Biomedical Freezing Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Biomedical Freezing Equipment Market, By Type
6. Global Biomedical Freezing Equipment Market, By Application
7. Global Biomedical Freezing Equipment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Biomedical Freezing Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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