Press release
Sales of Freeze And Thaw Systems Market is expected to reach US$ 665.3 Mn by the end of 2032, increasing at 6.8% CAGR.
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).Request For Free Sample Report of "Freeze and Thaw Systems Market"@ https://www.persistencemarketresearch.com/samples/15760
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.
Companies
BioLifeSolutions, Inc.
CARON Products & Services, Inc.
Farrar Scientific
GE Healthcare Life Sciences
HOF Sonderanlagenbau 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.
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Key Questions Answered in This Report.
What are the Roadblocks for Freeze and Thaw Systems Suppliers?
What are the Key Opportunities for Freeze and Thaw Systems Manufacturers?
How is Focus on Safety Influencing Freeze and Thaw Systems Demand?
What is the Regulatory Impact on Global Sales of Freeze and Thaw Systems?
Which Region Offers the Largest Opportunity for Sales of Freeze and Thaw Systems?
Where Does the U.S. Stand in the Market for Freeze and Thaw Systems?
What Is the Outlook for Freeze and Thaw Systems Manufacturers in China?
Why is Germany a Lucrative Market for Freeze and Thaw Systems Manufacturers?
Why Will Belgium Outpace Other European Markets for Freeze and Thaw Systems?
Why is There High Demand for Tires in Freeze and Thaw Systems?
Why are Sales of Freeze and Thaw Systems Surging?
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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