What is Global Medical Cryogenic Storage Equipment Market?
The Global Medical Cryogenic Storage Equipment Market is a vast and dynamic field that encompasses a wide range of medical equipment designed for the storage of biological samples at extremely low temperatures. This market includes various types of equipment such as Blood Refrigerators (4℃-±1℃), Medical Refrigerators (2℃-8℃), Biomedical Freezers (-10℃--50℃), Ultra Low Freezers (-50℃--150℃), Liquid Nitrogen Tanks (-150℃--196℃), and others. These devices are crucial in the medical field as they help in preserving the integrity of biological samples, which can be anything from blood and tissue samples to vaccines and other medical supplies. The ability to store these samples at cryogenic temperatures helps in preventing their degradation, thereby ensuring their usability when needed.
Blood Refrigerator (4℃-±1℃), Medical Refrigerators (2℃-8℃), Biomedical Freezer (-10℃--50℃), Ultra Low Freezers (-50℃--150℃), Liquid Nitrogen Tank (-150℃--196℃), Other in the Global Medical Cryogenic Storage Equipment Market:
The usage of these cryogenic storage equipment is widespread across various sectors within the healthcare industry. Pharmacies, for instance, use these devices to store vaccines and other temperature-sensitive medications. Hospitals, on the other hand, use them for storing blood and tissue samples for future use or for testing. Medical Testing Centers also rely on these devices for the preservation of samples collected for various tests. Disease Control and Prevention Centers use these devices for storing samples of various diseases for research and development purposes. Other sectors that use these devices include research institutions, biotechnology companies, and others. The versatility and utility of these devices make them an indispensable part of the healthcare industry.
Pharmacy, Hospital, Medical Testing Center, Disease Control and Prevention Center, Other in the Global Medical Cryogenic Storage Equipment Market:
In terms of market outlook, the Global Medical Cryogenic Storage Equipment Market has shown promising growth in recent years. In 2022, the market was valued at US$ 2571.6 million. This figure is expected to rise significantly in the coming years, with projections indicating that the market could reach a value of US$ 3911.4 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period of 2023-2029. This growth can be attributed to various factors such as advancements in technology, increasing demand for these devices due to the growing healthcare industry, and the need for efficient storage solutions for biological samples.
Global Medical Cryogenic Storage Equipment Market Outlook:
In conclusion, the Global Medical Cryogenic Storage Equipment Market is a vital part of the healthcare industry, with its devices playing a crucial role in the preservation of biological samples. The market has shown significant growth in recent years and is expected to continue this trend in the coming years. This growth is driven by various factors, including technological advancements, increasing demand, and the need for efficient storage solutions.
| Report Metric | Details |
| Report Name | Medical Cryogenic Storage Equipment Market |
| Accounted market size in 2022 | US$ 2571.6 million |
| Forecasted market size in 2029 | US$ 3911.4 million |
| CAGR | 6.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Consumption by Region |
|
| By Company | 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 |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
