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Global Freeze and Thaw Systems Market 2023: Single-use Bags to Account for 39% Market Share | BioLifeSolutions, Inc, CARON Products & Services, Inc, Farrar Scientific
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The market for freeze and thaw systems is expected to see significant growth in the coming years due to the increasing demand for high-quality biological samples for research and the growing demand for biobanking services. In addition, the increasing adoption of advanced freezing technologies, such as vapor phase liquid nitrogen and automated controlled-rate freezing systems, is expected to drive the market.
Companies
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.
L. Gore & Associates, Inc.
ZETA Holding GmbH
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Geographically, the market for freeze and thaw systems is expected to be dominated by North America and Europe due to the presence of well-established research and biobanking infrastructure in these regions. However, the market in Asia Pacific is expected to grow at a significant rate due to the increasing demand for biological samples in countries such as China and India, as well as the growing awareness about the importance of biobanking in the region.
Overall, the market for freeze and thaw systems is expected to see strong growth in the coming years due to the increasing demand for high-quality biological samples and the growing demand for biobanking services.
The global freeze and thaw systems market is expected to project significant growth at 6.8% CAGR from 2022 to 2032, with market value increasing from around US$ 345 Mn in 2022 to US$ 665.3 Mn by 2032.
As per Persistence Market Research's industry analysis, the commercial application freeze and thaw systems held a substantial share of 61.5% in 2021 in the global market. Sales of freeze and thaw systems will account for nearly 7.1% share of the global cryopreservation market in 2022.
Competitive Landscape
Key suppliers of freeze and thaw systems are focusing on the development of new and technologically-innovative products to enhance their product portfolios and gain augmented revenue figures.
Innovations by manufacturers of freeze and thaw systems also comply with customized requirements by the markets they serve. Partnerships and acquisitive efforts enable the expansion of product portfolios.
April 2021: BioLife Solutions launched High Capacity Controlled Rate Freezers (HCRF), a new line of freezers that enable the production of allogeneic cell therapies in high volume, thereby filling the need for critical cold chains.
December 2021: Sartorius and HOF Sonderanlagenbau entered into a partnership agreement. The partnership led to the inclusion of two HOF freeze-thaw units (horizontal plate) into Sartorius' product range, thereby offering a wide range of freeze-thaw consumables and equipment to its customers.
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Key Segments in Freeze and Thaw Systems Industry Research
Freeze and Thaw Systems Market by Product:
Freeze-thaw Modular Platforms
Lab Scale
Small/Pilot Scale
Large Scale
Controlled Rate Chambers
Single-use Bags
Shippers
Freeze and Thaw Systems Market by Application:
R&D
Pre-Clinical & Clinical
Commercial
Freeze and Thaw Systems Market by End User:
Academic & Research Institutes
Pharmaceutical & Biotechnology Companies
Contract Research Organizations
Contract Manufacturing Organizations
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Our expert team of industry analysts comprising management graduates, medical professionals, engineers, and project managers provides insights on emerging therapy areas, diagnostic tools, medical devices and components, reimbursement and market access, biotechnology, and life science research products and services to equip decision-makers with sound inputs and strategic recommendations. Click here to learn more about how we zero in on the critical aspects of this industry.
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