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Market Overview of Global Cryogenic LN2 Freezers market:
According to our latest research, the global Cryogenic LN2 Freezers market looks promising in the next 5 years. As of 2022, the global Cryogenic LN2 Freezers market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
A cryogenic freezer is a device or device responsible for generating extremely low temperatures (cryogenic temperatures) in order to freeze certain materials or substances. Cryogenic LN2 Freezers provide cryopreservation solutions for the research and clinical industries requiring cryopreservation at -150°C to -190°C.
Drivers
Development of biomedicine
Cryogenic LN2 Freezers can be used in hospitals, disease control centers, testing centers, biopharmaceutical companies, research institutes, and other institutions to store biological samples, blood products, vaccines, drugs, and testing reagents for long-term or temporary low-temperature storage. With the development of biomedical technology, cryogenic storage equipment has gradually become one of the important infrastructures in the biomedical field, and the market demand for Cryogenic LN2 Freezers continues to increase. Biomedical developments are driving the Cryogenic LN2 Freezers market.
Limitations
High technical barriers
Biological samples require extremely low storage temperatures due to the need to preserve the activity of biomolecules and cells in long-term storage. Therefore, in view of the particularity of storage products of Cryogenic LN2 Freezers, on the one hand, enterprises must not only master key technologies such as low-temperature insulation of the box to achieve ultra-low temperatures, but also ensure that the storage temperature is uniform, stable, and accurate for a long time, and at the same time have a series of safety alarms, Functions such as maintaining the stability of the internal environment for a period of time in the event of a sudden failure. Therefore, the company's Cryogenic LN2 Freezers are characterized by high technical standards and require continuous investment in research and development to promote product, function, and solution upgrades. The high technical barrier of Cryogenic LN2 Freezers is one of the important challenges restricting the development of the industry.
Company Overview:
Azenta is dedicated to helping life sciences organizations around the world bring impactful breakthroughs and therapeutics to market faster. The company's leading capabilities in genomics, cryogenic storage, automation and informatics are dedicated to sample discovery and management. Azenta Life Sciences' deep application experience and proven technology help preserve sample integrity while adding precise inventory accuracy and documentation.
MVE Biological Solutions offers a wide range of accessories for cryogenic freezers and aluminum Dewars. From racking systems to protective gear, from liquid nitrogen switchers to shipping options, the company's accessories make using cryogenic storage equipment safer, easier and more efficient. The MVE Series cryogenic freezers and aluminum Dewars are engineered for the highest reliability and maximum storage time at ultra-low temperatures, which are critical for preserving critical human and animal tissues and vaccines.
Azenta is one of the major players operating in the Cryogenic LN2 Freezers market, holding a share of 34.34% in 2023.
Segmentation Overview:
?10L This type refers to Cryogenic LN2 Freezers with a capacity of ?10L.
11~30L This type refers to Cryogenic LN2 Freezers with a capacity between 11L and 30L.
>30L This type refers to Cryogenic LN2 Freezers with a capacity greater than 30L.
The >30L segment by type showed a value growth of 86.62% in 2022.
Application Overview:
According to different storage applications of Cryogenic LN2 Freezers, it is divided into Vaccine Storage, Umbilical Cord Storage, Stem Cell Preservation, Embryo Storage, and Gene Data Bank. For example, Vaccine Storage refers to products used in the low-temperature storage of vaccines. Umbilical Cord storage refers to products used for low-temperature storage of umbilical cord blood, etc.
By application, the Organ and Tissue Storage segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Cryogenic LN2 Freezers market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Cryogenic LN2 Freezers Market Report:
Market Size Estimates: Cryogenic LN2 Freezers market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Cryogenic LN2 Freezers market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Cryogenic LN2 Freezers market
Segment Market Analysis: Cryogenic LN2 Freezers market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Cryogenic LN2 Freezers market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Cryogenic LN2 Freezers Market: Revenue and sales volume of major countries in each region
Cryogenic LN2 Freezers Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Cryogenic LN2 Freezers market in major regions.
Cryogenic LN2 Freezers Industry Value Chain: Cryogenic LN2 Freezers market raw materials & suppliers, manufacturing process, distributors, downstream customers
Cryogenic LN2 Freezers Industry News, Policies & Regulations
Key players in the global Cryogenic LN2 Freezers market are covered in Chapter 12:
CryoSafe
MVE Biological Solutions
Statebourne Cryogenics Ltd
BioLife Solutions Inc.
Azenta Life Sciences
Thermo Fisher Scientific Inc.
Cryometrix, Inc.
IC Biomedical, LLC.
In Chapter 2 and Chapter 15.1, based on types, the Cryogenic LN2 Freezers market from 2018 to 2028 is primarily split into:
?10L
11~30L
>30L
In Chapter 3 and Chapter 15.2, based on applications, the Cryogenic LN2 Freezers market from 2018 to 2028 covers:
Germ Cell and Embryo Storage
Umbilical Cord Blood Storage
Organ and Tissue Storage
Blood Product Storage
Stem Cell Storage
Gene Storage
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Cryogenic LN2 Freezers market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028