The global cryopreservation equipment market size was USD 7.1 Billion in 2022 and is expected to reach USD 14.2 Billion by 2032, and register a revenue CAGR of 7.4% during the forecast period. The increase in In-Vitro Fertilization (IVF) operations and rising demand for stem cell preservation are major factors driving the market revenue growth. To preserve biological samples at the incredibly low temperatures needed for a range of research, medical, and industrial uses, cryopreservation equipment is utilized.
The need for cryopreservation equipment in the biopharmaceutical sector is being driven by rising incidence of chronic diseases and rising demand for personalized medications. In addition, growing spending on Research and Development (R&D) initiatives in the life sciences sector is expected to drive market revenue growth.
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In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.
Key Players covered in this report are
- Thermo Fisher Scientific Inc.
- Worthington Industries, Inc.
- Chart Industries, Inc.
- BioLife Solutions, Inc.
- Abingdon Health Ltd.
- Cesca Therapeutics Inc.
- Cryoport Inc.
- Taylor-Wharton International LLC
- Asymptote Limited
- American CryoStem Corporation
Segments Covered in Report:
| By Product Type Outlook |
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| By End-Use Outlook |
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Major Points covered in this report are as below:
- An analysis of Cryopreservation Equipment industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
- In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
- In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
- This report provides information on the market status of Cryopreservation Equipment manufacturers and provides valuable insight into the market for companies and individuals.
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