The global Cryogenic Freezer market was valued at US$ 1200 million in 2019 and it is expected to reach US$ 1655 million by the end of 2026, growing at a CAGR of 4.7% during 2021-2026.
The cryogenic freezer is usually cooler than -20℃ and is used to store drugs, enzymes, chemicals, viruses, bacteria, cell preparations, and tissue samples.In 2018, the global market revenue of cryogenic refrigerators was 7.5 billion yuan, which is expected to reach 10.3 billion yuan in 2025.From 2018 to 2025, we expect global revenue to grow at a compound annual rate of 4.77%.On the production side, North America was the largest market owner in 2018 with a 45% share, followed by Europe and Japan with 19% and 15% respectively.China is a close second with 12 per cent of the market.As the industry grows, global capacity will gradually shift from developed countries such as the us and Europe to emerging powers, particularly China.Currently the world’s leading producers have sai’s Thermal, Panasonic, Eppendorf, Aucma, Haier Biomedical, Meiling, Daihan Scientific, Nihon Freezer, Binder, So Low and IlShin, etc.On the consumer side, it has been used most in life sciences and pharmaceuticals in recent years, accounting for about 43 percent of the total market in 2018.Part of the cryogenic freezer products belong to the field of medical equipment.With the stable development of the global economy and the aggravation of the aging trend of the population, the investment in medical and health undertakings in various countries is increasing year by year, and people’s expenditure on health is also increasing day by day, among which the expenditure on medical equipment, which accounts for a relatively high proportion, is also increasing.According to Evaluate Med Tech’s 2018 global medical device market overview and 2024 outlook, the global sales volume of medical devices in 2017 was 400 billion us dollars, and it is expected to reach 600 billion us dollars in 2024, with an annual compound growth rate of 6%.From the perspective of region, the medical device industry in developed countries and regions such as the United States, Europe and Japan has an early development time, which requires high technical level and quality of medical device products. The market demand is dominated by the upgrading and upgrading of new products, with a large market size and stable growth.The emerging market represented by China is the most promising medical device market in the world. The product popularization demand and upgrading demand coexist, and the growth rate in recent years is higher than the world average.According to statistics from the blue book of China’s medical devices, the size of China’s medical device market reached 400 billion yuan in 2017, with an average annual compound growth rate of 24% from 2008 to 2017, which is much higher than the growth rate of the global medical device market in the same period.Cryogenic freezers are expected to be a strong driver in the life sciences and pharmaceuticals, with growth projected at 6 per cent over the next six years.In the future, if the national tax policy, the recognition conditions of high-tech enterprises or the situation of enterprises themselves change so that domestic enterprises do not meet the recognition conditions of high-tech enterprises, the enterprises will be unable to continue to enjoy the relevant preferential tax policies, may have a certain negative impact on the profitability of domestic enterprises.At the same time, with the escalation of world trade disputes, future transnational sales will be affected by the political environment, economic development level, trade policy and other factors of exporting countries. If these factors have adverse changes, they will have adverse effects on the domestic business.
Global Cryogenic Freezer Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Cryogenic Freezer Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Thermo Fisher, Panasonic, Eppendorf, Aucma, Haier Bio-Medical, ZhongkeMeiling Cryogenics Company Limited, Daihan Scientific, Nihon Freezer, Binder, So – Low, IlShin and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-cryogenic-freezer-market-research-report
Segment by Type
- Temperature: -20℃~-80℃
- Temperature: below – 80 ℃
Segment by Application
- Research Institutes and Universities
- Life Sciences & Pharmaceuticals
Table of Content:
1 Cryogenic Freezer Market Overview
2 Cryogenic Freezer Market Competition by Manufacturers
3 Cryogenic Freezer Retrospective Market Scenario by Region
4 Global Cryogenic Freezer Historic Market Analysis by Type
5 Global Cryogenic Freezer Historic Market Analysis by Application
6 Key Companies Profiled
7 Cryogenic Freezer Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Cryogenic Freezer Market Dynamics
10 Global Cryogenic Freezer Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.