Global Cryogenic Storage Equipment in Healthcare Market Analysis
MarkNtel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Global Cryogenic Storage Equipment in Healthcare market. The research report on the Cryogenic Storage Equipment in Healthcare Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.
The report further comprises, “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.
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Global Cryogenic Storage Equipment in Healthcare Market Opportunity:
Advancing Novel Cell-based Therapies Creating Opportunities for Manufacturers – The emergence of novel cell-based therapies in the market presents a significant opportunity for cryogenic storage providers. Pharmaceutical & biotechnology companies are actively developing therapies for treating chronic diseases like cancer. For instance, in 2023, Bayer initiated phase 2 of a clinical trial for a cell therapy aimed at treating Parkinson’s disease following the successful completion of their early-stage study.
In anticipation of this demand, many cryogenic storage manufacturing companies are preparing to meet these upcoming storage needs. As the healthcare industry continues to innovate and develop advanced cell-based treatments, the role of cryogenic storage in supporting these therapies becomes increasingly vital in the future, thus enhancing the Cryogenic Storage Equipment in Healthcare Market size.
Global Cryogenic Storage Equipment in Healthcare Market Segment & Geography [2024-29]
The Cryogenic Storage Equipment in Healthcare market is segmented into significant segments based on Geography.
-By Type
- Blood Refrigerators- Market Size & Forecast 2019-2029, (USD Million)
- Medical Freezers- Market Size & Forecast 2019-2029, (USD Million)
- Medical Cryopreservation Box- Market Size & Forecast 2019-2029, (USD Million)
- Liquid Nitrogen Tank -Market Size & Forecast 2019-2029, (USD Million)
- Others- Market Size & Forecast 2019-2029, (USD Million)
-By Temperature Range
- Low-temperature (-500C to -1500C)- Market Size & Forecast 2019-2029, (USD Million)
- Ultra Low-temperature (Below -1500C)- Market Size & Forecast 2019-2029, (USD Million)
-By Equipment
- Tanks- Market Size & Forecast 2019-2029, (USD Million)
- Valves- Market Size & Forecast 2019-2029, (USD Million)
- Vaporizers- Market Size & Forecast 2019-2029, (USD Million)
- Pumps- Market Size & Forecast 2019-2029, (USD Million)
- Others- Market Size & Forecast 2019-2029, (USD Million)
-By End User
- Hospitals- Market Size & Forecast 2019-2029, (USD Million)
- Medical Testing Centers – Market Size & Forecast 2019-2029, (USD Million)
- Disease Control & Prevention Centers- Market Size & Forecast 2019-2029, (USD Million)
- Biopharmaceutical- Market Size & Forecast 2019-2029, (USD Million)
- Others- Market Size & Forecast 2019-2029, (USD Million)
Geographical Analysis
-By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
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Top Companies Essentially Working in Cryogenic Storage Equipment in Healthcare Market
- 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
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Cryogenic Storage Equipment in Healthcare adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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