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Freeze and Thaw Systems Market is attain a value of US$ 665.3 Mn by the end of 2032|BioLifeSolutions, Inc., CARON Products & Services and more
Freeze and Thaw Systems Market 2022
The global Freeze and Thaw Systems Market is estimated to reach US$ 665.3 Mn at a CAGR of 6.8% by the year 2032. With remote monitoring comes remote surgery. With digital twinning, this surgery becomes feasible. This could help in saving on prices of development of complex medical products, thereby improvising on time-to-market metric. This would be the thing with the healthcare vertical in the upcoming period.
The global freeze and thaw systems market was valued at US$ 318.9 Mn in 2021. Significant rise in incidence of chronic illnesses and increasing research & development activities with collaborative efforts by manufacturers for the introduction of novel therapeutics are driving market expansion. The market is expected to exhibit a CAGR of 6.8% over the forecast period (2022-2032).
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Demand for novel and alternate therapeutics and growing product development associated with global metrics on disease burden have propelled demand for freeze and thaw systems, globally. Developed economies of North America and Europe are experiencing a shift toward single-use equipment and tools, and have thus enhanced their production and transport capabilities within their regions and also worldwide.
Adoption of freeze and thaw systems in the biotechnology and pharmaceutical sphere has promoted greater industrial efficiency in terms of throughput and output. Large-scale manufacturing processes require vigilant monitoring around the manufacturing cycle, and ensuring product viability is a critical element. Freeze and thaw systems provide quicker application of use and promote easy application for further processes.
Major players in the market space are adopting collaborative and expansion strategies. The freeze and thaw systems market is set to experience a great impact as novel avenues of management will open up in the near future.
Company Profiles:
BioLifeSolutions, Inc.
CARON Products & Services, Inc.
Farrar Scientific
GE Healthcare Life Sciences
HOF Sonderanlagenbau GmbH
Meissner Filtration Products, Inc.
Precision Cryosystems
Sartorius AG
Single Use Support GmbH
Thermo Fisher Scientific, Inc.
W. L. Gore & Associates, Inc.
ZETA Holding GmbH
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Key Takeaways from Market Study
By product, single-use bags are expected to hold over 39% market value share by the end of 2032.
Based on application, the commercial segment is leading with nearly 2/3 market share by value.
Pharmaceutical & biotechnology companies dominated the end user segment with a revenue share of around 41.4% in 2021.
North America was the leading regional market with a value share of 32.2% in 2021.
"Rising global chronic disease burden and increasing research activities are set to propel demand growth of freeze and thaw systems," says an analyst of Persistence Market Research.
Market Competition
Manufacturing giants such as Thermo Fisher and GE Healthcare, amongst many others, have been enhancing and expanding their product portfolios by introducing new technologies in their product lines.
For instance, the Jab 2021 introduction of new CryoMed Controlled-Rate Freezers by Thermo Scientific, which deliver repeatable and consistent temperature performance with enhanced data traceability.
Additionally, GE Healthcare acquired Asymptote has an integrated set of software, consumables, and hardware for cryopreservation, which helps maintain the potency of cellular therapies.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the freeze and thaw systems market in its latest study, presenting historical demand assessment of 2017 - 2021 and projections for 2022 - 2032.
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The research study is based on the product (freeze-thaw modular platforms (lab scale, small/pilot scale, and large scale), controlled rate chambers, single-use bags, and shippers), application (R&D, pre-clinical & clinical, and commercial), and end user (academic & research institutes, pharmaceutical & biotechnology companies, contract research organizations, and contract manufacturing organizations), across seven key regions of the world.
Key Questions Answered in the Freeze And Thaw Systems Market Report
How is the Freeze And Thaw Systems Market expected to grow over the projected period?
What direction is the Freeze And Thaw Systems Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Freeze And Thaw Systems Market in future?
What are the key market drivers in the Freeze And Thaw Systems Market?
What are significant opportunities and improvement areas for Freeze And Thaw Systems Market manufacturers?
What are the key developments and trends taking over the Freeze And Thaw Systems Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Freeze And Thaw Systems Market?
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PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against rep/uted organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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