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GMP Storage Market is expected to witness a significant volume CAGR of approximately 5.6% through 2032
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A historic CAGR of 4.4% was seen in the last nine years, from 2012 to 2021, on the global GMP storage market. The development of large molecule biological products that need to be stored chilled or frozen has been spurred by the current emphasis on vaccine manufacture. The global market is positively impacted by these new items, but temperature-controlled GMP storage is essential.
The cost of building and maintaining temperature-controlled GMP storage facilities is the first consideration. In addition to refrigeration equipment, such facilities require significant security, building management/temperature monitoring, inventory management, and backup power systems. For the upkeep and operation of the equipment as well as regulatory compliance, they also require qualified personnel.
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Companies
ThermoGenesis Holdings, Inc.
ThermoFisher Scientific Inc.
BioLife Solutions, Inc.
Danaher(Cytiva)
MEDIPOST
REMI GROUP
Eurofins Scientific
Eppendorf
Intertek Group Plc
Arctiko
Bioline Technologies
Hindustan Apparatus Mfg. Co.
P L Tandon & Co.
Stericox India Private Limited
SY-LAB Geräte GmbH
BioConvergence LLC d/b/a Singota Solutions
PHC Holdings Corporation
Pace Life Sciences
Haier Biomedical
Helmer Scientific Inc.
Competitive Landscape
To strengthen their product lines around the globe, leading manufacturers are developing technologically-advanced products. Similarly, several major competitors in the GMP storage industry have engaged in consolidation activities such as mergers & acquisitions. Another significant approach noticed in the industry is the expansion of corporate collaborations to boost their GMP storage services.
BioLife Solutions, Inc. acquired Global Cooling, Inc. in May 2021, which has a portfolio of freezers ranging in size from portable units to stationary upright freezers to suit a wide range of applications.
BioLife Solutions debuted a new high-capacity, controlled-rate freezer line in April 2021, with the first shipment going to a leading cell treatment provider.
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Key Segments Covered in GMP Storage Industry Research
GMP Storage Market by Product & Service: GMP Storage Products : Refrigerators and Freezers, Cryogenic Storage, GMP Storage Services
GMP Storage Market by Application: Cell & Gene Therapy, Cell Banking, Biologics, Small Molecules, Others
GMP Storage Market by End User: Biopharmaceutical Companies, Contract Manufacturing Organizations, Contract Research Organizations, Research & Academic Institutes
GMP Storage Market by Region: North America GMP Storage Market, Latin America GMP Storage Market, Europe GMP Storage Market, South Asia GMP Storage Market, East Asia GMP Storage Market, Oceania GMP Storage Market, The Middle East & Africa GMP Storage Market
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