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Global Cryogenic Storage Equipment in Healthcare Market Research Report: Forecast (2024-2029)

By Type (Blood Refrigerators, Medical Freezers, Medical Cryopreservation Box, Liquid Nitrogen Tank, Others), By Temperature Range (Low-temperature [-500C to -1500C], Ultra Low-temperature [Below -1500... ... erature [Below -1500C]), By Equipment (Tanks, Valves, Vaporizers, Pumps, Others), By End User (Hospitals, Medical Testing Centers, Disease Control & Prevention Centers, Biopharmaceutical, Others), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific), By Company (Thermofisher Scientific Inc., PHC Corporation, Vestfrost Solutions, B Medical System, Arctiko, Haier Biomedical, Eppendorf, Helmer Scientific , So-Low Environmental Equipment Co., Kirsch Medical, LabCold, Bioway Corporation, Aucma International, Lec Medical, Felix Storch, Others) Read more

Healthcare
Oct 2023
Pages 202
Report Format: PDF, Excel, PPT

Market Definition

Cryogenic storage for healthcare refers to the infrastructure & facilities used worldwide to store medical and biological materials at extremely low temperatures, typically below -150 degrees Celsius (-238 degrees Fahrenheit). This specialized storage is essential for preserving & maintaining the integrity of various healthcare-based products.

Market Insights & Analysis: Global Cryogenic Storage Equipment in Healthcare Market (2024-29):

The Global Cryogenic Storage Equipment in Healthcare Market size is valued at around USD 2.01 billion in 2023 and is estimated to grow at a CAGR of about 8.01% during the forecast period, i.e., 2024-29. The increasing need for regenerative medicine in addressing chronic diseases like cancer, diabetes, and dialysis is a key driver propelling the market growth. This surge is primarily attributed to the preservation of crucial resources such as blood cords & stem cells, essential for treating these diseases, which necessitate storage at extremely low temperatures to maintain the authenticity of the treatment.

The rising demand for medical gases like liquid nitrogen & oxygen in healthcare for managing respiratory & cardiac conditions is also fueling the requirement for cryogenic storage solutions, including tanks & freezers. These factors collectively contribute to the growing demand for cryogenic storage solutions on a global scale within the healthcare industry.

Report Coverage	Details
Study Period	Historical Data: 2019-22
	Base Year: 2023
	Forecast Period: 2024-29
CAGR (2024-2029)	8.01%
Regions Covered	North America: US, Canada, Mexico
	Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
	Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
	South America: Brazil, Argentina, Rest of South America
	Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
Key Companies Profiled	Thermofisher Scientific Inc., PHC Corporation, Vestfrost Solutions, B Medical System, Arctiko, Haier Biomedical, Eppendorf, Helmer Scientific , So-Low Environmental Equipment Co., Kirsch Medical, LabCold, Bioway Corporation, Aucma International, Lec Medical, Felix Storch, Others
Market Value (2023)	USD 2.01 Billion

Furthermore, the demand for cryogenic storage solutions has been accelerated by advances in medical research, the development of biopharmaceutical products, and the expansion of regenerative medicine. This is driven by the inherent requirements of these medical innovations for ultra-low-temperature storage. Moreover, the pandemic also emphasized the crucial role of cold storage infrastructure in vaccine distribution, prompting substantial investments in cryogenic storage facilities by both healthcare institutions & private enterprises. These investments have been significantly influencing the demand from 2020 to 2022.

Also, the industry's growth is reinforced by stringent regulatory directives & exacting quality control standards, emphasizing the imperative of maintaining the safety & integrity of stored materials. As healthcare technologies continue to evolve, and the imperative to preserve delicate medical & biological resources remains a global priority, the Cryogenic Storage Equipment in Healthcare Market is poised for sustained global expansion.

Global Cryogenic Storage Equipment in Healthcare Market Driver

Cell & Gene Therapies Storage Are Driving the Demand for Cryogenic Storage Equipment – The rising prevalence of chronic & autoimmune disease globally have been influencing the demand for cell & gene therapies for treatment, further driving the need for cryogenic storage equipment in the healthcare industry. This demand is primarily driven by the imperative to maintain the therapies at low temperatures to preserve their integrity & efficacy.

Global Cryogenic Storage Equipment in Healthcare Market Research Report (2024-2029) - Table of Contents

Market Segmentation
Introduction
1. Type Definition
2. Research Process
3. Assumptions
Executive Summary
Global Cryogenic Storage Equipment in Healthcare Market Trends & Developments
Global Cryogenic Storage Equipment in Healthcare Market Dynamics
1. Drivers
2. Challenges
Global Cryogenic Storage Equipment in Healthcare Market Patent Analysis
Global Cryogenic Storage Equipment in Healthcare Market Supply Chain Analysis
Global Cryogenic Storage Equipment in Healthcare Market Porter Five Analysis
Global Cryogenic Storage Equipment in Healthcare Market Regulations, Policies, and Type Standards
Global Cryogenic Storage in Healthcare Hotspot & Opportunities
Global Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Size & Analysis
  1. By Type
    1. Blood Refrigerators- Market Size & Forecast 2019-2029, (USD Million)
    2. Medical Freezers- Market Size & Forecast 2019-2029, (USD Million)
    3. Medical Cryopreservation Box- Market Size & Forecast 2019-2029, (USD Million)
    4. Liquid Nitrogen Tank -Market Size & Forecast 2019-2029, (USD Million)
    5. Others- Market Size & Forecast 2019-2029, (USD Million)
  2. By Temperature Range
    1. Low-temperature (-50⁰C to -150⁰C)- Market Size & Forecast 2019-2029, (USD Million)
    2. Ultra Low-temperature (Below -150⁰C)- Market Size & Forecast 2019-2029, (USD Million)
  3. By Equipment
    1. Tanks- Market Size & Forecast 2019-2029, (USD Million)
    2. Valves- Market Size & Forecast 2019-2029, (USD Million)
    3. Vaporizers- Market Size & Forecast 2019-2029, (USD Million)
    4. Pumps- Market Size & Forecast 2019-2029, (USD Million)
    5. Others- Market Size & Forecast 2019-2029, (USD Million)
  4. By End User
    1. Hospitals- Market Size & Forecast 2019-2029, (USD Million)
    2. Medical Testing Centers - Market Size & Forecast 2019-2029, (USD Million)
    3. Disease Control & Prevention Centers- Market Size & Forecast 2019-2029, (USD Million)
    4. Biopharmaceutical- Market Size & Forecast 2019-2029, (USD Million)
    5. Others- Market Size & Forecast 2019-2029, (USD Million)
  5. By Region
    1. North America
    2. South America
    3. Europe
    4. The Middle East & Africa
    5. Asia-Pacific
  6. By Competition
    1. Competition Characteristics
    2. Market Share Analysis
North America Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type- Market Size & Forecast 2019-2029, USD Million
  2. By Temperature Range- Market Size & Forecast 2019-2029, USD Million
  3. By Equipment- Market Size & Forecast 2019-2029, USD Million
  4. By End User- Market Size & Forecast 2019-2029, USD Million
  5. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type- Market Size & Forecast 2019-2029, USD Million
    2. By End User- Market Size & Forecast 2019-2029, USD Million
4. Canada Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type- Market Size & Forecast 2019-2029, USD Million
    2. By End User - Market Size & Forecast 2019-2029, USD Million
5. Mexico Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type- Market Size & Forecast 2019-2029, USD Million
    2. By End User - Market Size & Forecast 2019-2029, USD Million
South America Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type- Market Size & Forecast 2019-2029, USD Million
  2. By Temperature Range- Market Size & Forecast 2019-2029, USD Million
  3. By Equipment- Market Size & Forecast 2019-2029, USD Million
  4. By End User- Market Size & Forecast 2019-2029, USD Million
  5. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type- Market Size & Forecast 2019-2029, USD Million
    2. By End User - Market Size & Forecast 2019-2029, USD Million
4. Argentina Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type- Market Size & Forecast 2019-2029, USD Million
    2. By End User - Market Size & Forecast 2019-2029, USD Million
Europe Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type- Market Size & Forecast 2019-2029, USD Million
  2. By Temperature Range - Market Size & Forecast 2019-2029, USD Million
  3. By Equipment- Market Size & Forecast 2019-2029, USD Million
  4. By End User- Market Size & Forecast 2019-2029, USD Million
  5. By Country
    1. Germany
    2. The UK
    3. France
    4. Spain
    5. Italy
    6. Rest of Europe
3. Germany Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type- Market Size & Forecast 2019-2029, USD Million
    2. By End User - Market Size & Forecast 2019-2029, USD Million
4. The UK Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type- Market Size & Forecast 2019-2029, USD Million
    2. By End User - Market Size & Forecast 2019-2029, USD Million
5. France Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type- Market Size & Forecast 2019-2029, USD Million
    2. By End User - Market Size & Forecast 2019-2029, USD Million
6. Spain Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type- Market Size & Forecast 2019-2029, USD Million
    2. By End User - Market Size & Forecast 2019-2029, USD Million
7. Italy Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type- Market Size & Forecast 2019-2029, USD Million
    2. By End User - Market Size & Forecast 2019-2029, USD Million
The Middle East & Africa Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type- Market Size & Forecast 2019-2029, USD Million
  2. By Temperature Range- Market Size & Forecast 2019-2029, USD Million
  3. By Equipment- Market Size & Forecast 2019-2029, USD Million
  4. By End User- Market Size & Forecast 2019-2029, USD Million
  5. By Country
    1. The UAE
    2. Saudi Arabia
    3. South Africa
    4. Rest of the Middle East & Africa
3. The UAE Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type- Market Size & Forecast 2019-2029, USD Million
    2. By End User - Market Size & Forecast 2019-2029, USD Million
4. Saudi Arabia Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type- Market Size & Forecast 2019-2029, USD Million
    2. By End User - Market Size & Forecast 2019-2029, USD Million
5. South Africa Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type- Market Size & Forecast 2019-2029, USD Million
    2. By End User - Market Size & Forecast 2019-2029, USD Million
Asia-Pacific Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type- Market Size & Forecast 2019-2029, USD Million
  2. By Temperature Range- Market Size & Forecast 2019-2029, USD Million
  3. By Equipment- Market Size & Forecast 2019-2029, USD Million
  4. By End User- Market Size & Forecast 2019-2029, USD Million
  5. By Country
    1. China
    2. Japan
    3. India
    4. South Korea
    5. Australia
    6. Rest of Asia-Pacific
3. China Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type- Market Size & Forecast 2019-2029, USD Million
    2. By End User - Market Size & Forecast 2019-2029, USD Million
4. Japan Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type- Market Size & Forecast 2019-2029, USD Million
    2. By End User - Market Size & Forecast 2019-2029, USD Million
5. India Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type- Market Size & Forecast 2019-2029, USD Million
    2. By End User - Market Size & Forecast 2019-2029, USD Million
6. South Korea Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type- Market Size & Forecast 2019-2029, USD Million
    2. By End User - Market Size & Forecast 2019-2029, USD Million
7. Australia Cryogenic Storage Equipment in Healthcare Market Outlook, 2019-2029F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type- Market Size & Forecast 2019-2029, USD Million
    2. By End User - Market Size & Forecast 2019-2029, USD Million
Global Cryogenic Storage Equipment in Healthcare Market Key Strategic Imperatives for Success & Growth
Competitive Outlook
1. Company Profiles
  1. Thermofisher Scientific Inc.
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. PHC Corporation
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Vestfrost Solutions
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. B Medical System
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Arctiko
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Haier Biomedical
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Eppendorf
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Helmer Scientific
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. So-Low Environmental Equipment Co.
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Kirsch Medical
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. LabCold
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  12. Bioway Corporation
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  13. Aucma International
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  14. Lec Medical
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
  15. Felix Storch
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others.
  16. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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