(MENAFN- PR Newswire) NEW YORK, Aug. 28, 2023 /PRNewswire/ -- The
cryogenic freezers market
is estimated to grow
by
USD
148.21 million
at a
CAGR of 7.2%
between 2022 and 2027, according to Technavio.
North America is estimated to contribute 35% to the growth of the global market during the forecast period.
Theis the key contributor to the market in the region, due to the growing demand for cryopreservation of biological materials such as antibodies, nucleic acids, proteins, cells, and tissue samples in biopharmaceutical research. In addition, supportive regulatory measures such as the Regenerative Medicine Promotion Act of 2014 (H.R. 4494; S. 2126) help providers establish facilities for the efficient storage of pluripotent stem cells for regenerative medicine purposes. Hence, these factors are expected to drive market growth in the region during the forecast period.
For Comprehensive details on the market size of the historical period(2017 to 2021) and forecast period (2023-2027) - View the Free Sample report Continue Reading
![Technavio has announced its latest market research report titled Global Cryogenic Freezers Market]( "Technavio has announced its latest market research report titled Global Cryogenic Freezers Market")
Technavio has announced its latest market research report titled Global Cryogenic Freezers Market
Company Landscape
The cryogenic freezers market is fragmented;
the companies of new entrants cannot be overlooked. The major companies have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products - The report provides a full list of key companies, their strategies, and the latest developments. Buy Now
Market Dynamics
Key Driver
The favorable government support and increase in funding is a key factor driving market growth. The government is improving cryopreservation, cell banking, and biobanking through continued funding and promotion, with the aim of improving healthcare quality and supporting biotech firms in life science research. In addition, organizations such as FAO and NBPGR preserve genetic samples, seeds, and tissues of rare species to ensure their conservation. Hence, government support is expected to drive market growth during the forecast period.
Major Trend -
Increasing mergers and acquisitions (M&As) and collaboration are major trends in the market.
Significant Challenge -
The threat from faulty or loosely insulated cryogenic freezers is a significant challenge restricting market growth.
Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. - View Free Sample Report
Company Profiles
The cryogenic freezers market report includes information on the product launches, sustainability, and prospects of leading companies
including Air Water Inc., ARCTIKO AS, Aucma Co. Ltd, Avantor Inc., Azenta Inc., BioLife Solutions Inc., Chart Industries Inc., Eppendorf SE, Froilabo, Haier Biomedical, Helmer Scientific Inc., Messer SE and Co. KGaA, PHC Holdings Corp., Scientific Research InstrumentsPvt Ltd, Stericox India Pvt. Ltd., Taylor Wharton, Thermo Fisher Scientific Inc., ZHONGKE MEILING CRYOGENICS CO. LTD., and ACMAS Technologies Pvt. Ltd.
Market Segmentation
The cryogenic freezer market is segmented by
type (tunnel freezer, IQF
freezer, immersion freezer, spiral freezer, and others),
end-user (hospitals and blood centers, biotechnology companies, academic and research institutions, and others), and
geography (North America, Europe, Asia, and Rest of World (ROW)).
The market share growth by the tunnel freezer segment will be significant during the forecast period. Tunnel freezers use a continuconveyor system to quickly freeze items, improving freezing speed and efficiency. These freezers use cryogenic gases such as liquid nitrogen or carbon dioxide to achieve extremely low temperatures in the freezer chamber. Furthermore, they have several advantages, including high throughput and continuprocessing, which ensure a smooth product flow. The fast speed of the freezing tunnel reduces the cost and freezing time compared to conventional batch freezers. Hence, these factors are expected to drive segment growth during the forecast period.
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Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End User
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About
Technavio is a leading global technology research and advisory company. Their research and analysis foon emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts,
Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
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SOURCE Technavio
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