Cryogenic Equipment for Medical Market Competitive Landscape and Application Development Analysis to 2028

The Cryogenic Equipment for Medical market is growing due to the rising incidences of chronic diseases, growing healthcare expenditure. However, the cost of cryogenic storage equipment is expected to hamper the growth of the global medical cryogenic storage equipment market. Moreover, the presence of several market players offering their advanced cryogenic products is anticipated to drive demand for the growth of the market for cryogenic equipment for medical.

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Cryogenic equipment is used to sustain, generate, or operate at extremely low temperatures. The regularly adequate division between refrigeration and cryogenics is minus 180 degrees Celsius. Standard equipment used in cryogenic applications includes pressure vessels, containers, purifiers, cold traps, and piping. Proper insulation is usually critical to the effectiveness of cryogenic elements, as it ensures that temperature levels are maintained within the equipment. Similarly, insulation protects equipment users from dangerous temperatures and materials during handling. Of the liquids regularly used in cryogenic operations, nitrogen and helium are the most common; liquid helium enables for significantly low temperatures.

Leading Companies:

Thermo Fisher Scientific, Inc.
PHC Corporation
Vestfrost Solutions
B Medical Systems
Arctiko
Helmer Scientific Inc.
Eppendorf AG
Haier Biomedical
Philipp Kirsch GmbH
So-Low Environmental Equipment Co.

The Cryogenic Equipment for Medical market is segmented on the basis of product and application. Based on product, the market is segmented as blood refrigerator, medical freezer, medical cryopreservation box, medical cryogenic storage box, liquid nitrogen tank. On the basis of application, the market is categorized as pharmacy, hospital, medical testing center and others.

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