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Cryogenic Freezers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global cryogenic freezers market size reached US$ 183.5 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 262.7 Million by 2027, exhibiting a growth rate (CAGR) of 6.33% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cryogenic freezers market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, application and end use industry.

Breakup by Product Type:

  • Tunnel Freezer
  • IQF Freezer
  • Immersion Freezer
  • Spiral Freezer
  • Others
     

Breakup by Application:

  • Corporate Laboratories
  • Hospitals and Blood Centers
  • Universities and Research Institutions
  • Others
     

Breakup by End Use Industry:

  • Food and Beverages
  • Medical and Healthcare
  • Pharmaceuticals
  • Chemicals
  • Others
     

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Thermo Fisher Scientific Inc., Panasonic Corporation, Chart Industries, Inc., Haier Group, DAIHAN Scientific, Froilabo, Arctiko, Taylor-Wharton, VRV Group, Aucma Co., Ltd., and Zhongke Meiling Cryogenics Company Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Product Type, Application, End Use Industry, Region
Region Covered North America, Europe, Asia Pacific, Middle East and Africa, Latin America
Companies Covered Thermo Fisher Scientific Inc., Panasonic Corporation, Chart Industries, Inc., Haier Group, DAIHAN Scientific, Froilabo, Arctiko, Taylor-Wharton, VRV Group, Aucma Co., Ltd., and Zhongke Meiling Cryogenics Company Limited
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global cryogenic freezers market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global cryogenic freezers industry?
  • What has been the impact of COVID-19 on the global cryogenic freezers industry?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the global cryogenic freezers industry?
  • What are the key driving factors and challenges in the global cryogenic freezers industry?
  • What is the structure of the global cryogenic freezers industry and who are the key players?
  • What is the degree of competition in the global cryogenic freezers industry?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Cryogenic Freezers Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Product Type
    5.5    Market Breakup by Application
    5.6    Market Breakup by End Use Industry
    5.7    Market Breakup by Region
    5.8    Market Forecast
6   SWOT Analysis
    6.1    Overview
    6.2    Strengths
    6.3    Weaknesses
    6.4    Opportunities
    6.5    Threats
7   Value Chain Analysis
8   Porter’s Five Forces Analysis

    8.1    Overview
    8.2    Bargaining Power of Buyers
    8.3    Bargaining Power of Suppliers
    8.4    Degree of Competition
    8.5    Threat of New Entrants
    8.6    Threat of Substitutes
9   Market Breakup by Product Type
    9.1    Tunnel Freezer
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    IQF Freezer
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Immersion Freezer
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Spiral Freezer
        9.4.1    Market Trends
        9.4.2    Market Forecast
    9.5    Others
        9.5.1    Market Trends
        9.5.2    Market Forecast
10  Market Breakup by Application
    10.1    Corporate Laboratories
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Hospitals and Blood Centers
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Universities and Research Institutions
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Others
        10.4.1    Market Trends
        10.4.2    Market Forecast
11  Market Breakup by End Use Industry
    11.1    Food and Beverages
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    Medical and Healthcare
        11.2.1    Market Trends
        11.2.2    Market Forecast
    11.3    Pharmaceuticals
        11.3.1    Market Trends
        11.3.2    Market Forecast
    11.4    Chemicals
        11.4.1    Market Trends
        11.4.2    Market Forecast
    11.5    Others
        11.5.1    Market Trends
        11.5.2    Market Forecast
12  Market Breakup by Region
    12.1    North America
        12.1.1    Market Trends
        12.1.2    Market Forecast
    12.2    Europe
        12.2.1    Market Trends
        12.2.2    Market Forecast
    12.3    Asia Pacific
        12.3.1    Market Trends
        12.3.2    Market Forecast
    12.4    Middle East and Africa
        12.4.1    Market Trends
        12.4.2    Market Forecast
    12.5    Latin America
        12.5.1    Market Trends
        12.5.2    Market Forecast
13  Price Analysis
14  Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Thermo Fisher Scientific Inc.
        14.3.2    Panasonic Corporation
        14.3.3     Chart Industries, Inc.
        14.3.4    Haier Group
        14.3.5    DAIHAN Scientific
        14.3.6    Froilabo
        14.3.7    Arctiko
        14.3.8    Taylor-Wharton
        14.3.9    VRV Group
        14.3.10    Aucma Co., Ltd.
        14.3.11    Zhongke Meiling Cryogenics Company Limited

List of Figures

Figure 1: Global: Cryogenic Freezers Market: Major Drivers and Challenges
Figure 2: Global: Cryogenic Freezers Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Cryogenic Freezers Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Cryogenic Freezers Market: Breakup by Application (in %), 2021
Figure 5: Global: Cryogenic Freezers Market: Breakup by End Use Industry (in %), 2021
Figure 6: Global: Cryogenic Freezers Market: Breakup by Region (in %), 2021
Figure 7: Global: Cryogenic Freezers Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 8: Global: Cryogenic Freezers Industry: SWOT Analysis
Figure 9: Global: Cryogenic Freezers Industry: Value Chain Analysis
Figure 10: Global: Cryogenic Freezers Industry: Porter’s Five Forces Analysis
Figure 11: Global: Cryogenic Freezers (Tunnel Freezer) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Cryogenic Freezers (Tunnel Freezer) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Cryogenic Freezers (IQF Freezer) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Cryogenic Freezers (IQF Freezer) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Cryogenic Freezers (Immersion Freezer) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Cryogenic Freezers (Immersion Freezer) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Cryogenic Freezers (Spiral Freezer) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Cryogenic Freezers (Spiral Freezer) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Cryogenic Freezers (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Cryogenic Freezers (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Cryogenic Freezers (Corporate Laboratories) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Cryogenic Freezers (Corporate Laboratories) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Cryogenic Freezers (Hospitals and Blood Centers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Cryogenic Freezers (Hospitals and Blood Centers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Cryogenic Freezers (Universities and Research Institutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Cryogenic Freezers (Universities and Research Institutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Cryogenic Freezers (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Cryogenic Freezers (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Cryogenic Freezers (Food and Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Cryogenic Freezers (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Cryogenic Freezers (Medical and Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Cryogenic Freezers (Medical and Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Cryogenic Freezers (Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Cryogenic Freezers (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Cryogenic Freezers (Chemicals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Cryogenic Freezers (Chemicals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Cryogenic Freezers (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Cryogenic Freezers (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: North America: Cryogenic Freezers Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: North America: Cryogenic Freezers Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Europe: Cryogenic Freezers Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Europe: Cryogenic Freezers Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Asia Pacific: Cryogenic Freezers Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Asia Pacific: Cryogenic Freezers Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Middle East and Africa: Cryogenic Freezers Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Middle East and Africa: Cryogenic Freezers Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Latin America: Cryogenic Freezers Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Latin America: Cryogenic Freezers Market Forecast: Sales Value (in Million US$), 2022-2027

List of Tables

Table 1: Global: Cryogenic Freezers Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Cryogenic Freezers Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Cryogenic Freezers Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Cryogenic Freezers Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Global: Cryogenic Freezers Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Cryogenic Freezers Market: Competitive Structure
Table 7: Global: Cryogenic Freezers Market: Key Players


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