The global cryogenic freezers market is expected to grow at a CAGR of around 6% during 2019-2024. Cryogenic freezers are primarily used for the process of cryopreservation in which products like biological cells, tissues, food items, pharmaceuticals, etc. are preserved by cooling at sub-zero temperatures. These freezers are majorly used to store DNA, blood products, stem cells, extracellular matrix, organs and organelles, umbilical cord blood and embryos. Gases such as helium and nitrogen are most commonly used in their liquified state to achieve extremely low temperatures for preservation in these freezers. The freezers halt the process of deterioration and provide maximum viability of samples at a temperature of around -150°C. At such low temperatures, the molecular functions and metabolic activities of water molecules stop, thus suspending the cells. These freezers also improve cell viability and offer various convenient functionalities such as display, touchpad and options for manual defrost.
The increasing need for advanced cryopreservation in both emerging and developed economies is the key factor driving the growth of the market. Advancements in the medical and healthcare industry have elevated the demand for cryogenic freezers. Furthermore, the equipment plays a vital role in the storage and activation of receptor cells, which have immense applicability in the pharmaceutical industry. In addition to this, the growing food and beverage industry is another key factor contributing to the market growth. Cryogenic freezers find extensive application in the industry as they are used to ensure food safety and prevent contamination through pathogens and other microbes. Tunnel freezers are experiencing an increase in demand from the food processing industry owing to their various properties such as increased hygiene, compact size and rapid freezing qualities.
IMARC Group’s latest report provides a deep insight into the global cryogenic freezers market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the cryogenic freezers market in any manner.
The report has also analysed the competitive landscape of the market with some of the key players being Thermo Fisher Scientific, Panasonic, Chart Industries Inc, Haier, Daihan, Froilabo, Arctiko, Nanoltik, Taylor Wharton, Xinyu, VRV Group, Aucma, Coolingway, Zhongke Meiling, etc.
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