Cryo Bio freezers are primarily used for the process of cryopreservation in which products like biological cells, tissues, 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.
Nowadays, there are three mainly LN2 Capacity types of Cryo Bio Freezer, including < 50L, 50 ~ 100L and > 100L, and < 50L is the main type for Cryo Bio Freezer, and the < 50L reached a sales value of approximately 74.84 million USD in 2020, with 52.71% of global sales value.
The global Cryo Bio Freezer market is expected to reach 240.06 million USD by 2027 from 141.98 million USD in 2020, growing at a CAGR of 7.11% between 2021 and 2027. 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 cryo bio freezers.
North America accounted for the largest sales share of the Cryo Bio Freezer market in 2020. The region is characterized by the presence of a large number of service providers, especially in the USA. At the same time, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.
At present, the major players of Cryo Bio Freezer in the world include: MVE Biological Solutions, Thermo Fisher, Worthington Industries, Statebourne Cryogenics, INOXCVA, CryoSafe, BioLife Solutions, GOLD SIM and Abeyance Cryo Solutions, among which MVE Biological Solutions is the world’s largest Cryo Bio Freezer manufacturer, its market share is about 39.95% in 2020. There are companies adding new capacities and aming at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.
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