TMR’s report on the global cryopreservation equipment market studies the past as well as the current growth trends and opportunities to gain valuable insights of the mentioned indicators for the market during the forecast period from 2019 to 2027. The report provides the revenue of the global cryopreservation equipment market for the period from 2017 to 2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global cryopreservation equipment market for the forecast period from 2019 to 2027.
The report has been prepared after extensive research. Primary research involves bulk of research efforts, wherein analysts conducted interviews with market leaders and opinion makers. Extensive secondary research involved studying key players’ product literature, annual reports, press releases, and relevant documents to understand the cryopreservation equipment market.
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Global Cryopreservation Equipment market Witness Most Promising Rise in Demand
Companies in the cryopreservation equipment market are focusing on strategic acquisitions to expand their product portfolio. For instance, BioLife – a manufacturer of cryopreservation freeze media, announced its acquisition of Custom Biogenic Solutions – a producer of cryopreservation equipment for the biotech industry, to expand its portfolio of liquid nitrogen laboratory freezers and other cryogenic equipment.
Strategic acquisitions have led to rise in investments in improving the technology of freezers. As such, freezers segment is expected to account for the highest revenue of the cryopreservation equipment market. The segment is projected to reach a value of ~US$ 3.5 Bn by the end of 2027. Companies are increasing efficacy of cloud-based monitoring systems that help in evaluating biologic sample storage conditions.
Developments in cryogen techniques have led to innovations in liquid nitrogen laboratory freezers. As such, liquid nitrogen cryogen segment dominates the cryopreservation equipment market and is projected to reach a value of ~US$ 5.1 Bn by 2027. Companies are tapping into opportunities for the development of tools for bioproduction of cell and gene therapies.
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The report analyzes the global cryopreservation equipment market in terms of type, cryogen, application, end user, and region. Key segments under each criteria have been studied at length and the market share for each of these at the end of 2027 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the cryopreservation equipment market.
Key Players of Cryopreservation Equipment Market Report:
The cryopreservation equipment report concludes with the company profiles section that includes key information about the major players in the market
Key players operating in the global cryopreservation equipment market include
- Thermo Fisher Scientific, Inc.
- Beckman Coulter, Inc.
- Brooks Automation, Inc.
- VWR International,
- Merck KGaA
- BioLifeSolutions, Inc.
- Bluechiip Ltd.
- Custom Biogenic Systems
- Hamilton Company
- PHC Corporation
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