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Cryopreservation Equipment Industry Growth Outlook: 15.4% CAGR and $19.55 Billion by 2029
"Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.What Is the Long-Term Growth Forecast for the Cryopreservation Equipment Market Size 2025?
The expansion of the cryopreservation equipment market has been significant in recent years. The market which is expected to escalate from $9.52 billion in 2024 to $11.01 billion in 2025, will do so with a compound annual growth rate (CAGR) of 15.7%. This swift growth during the past period is a result of heightened demand for regenerative medicine, advancements in stem cell research and biobanking, progress in fertility preservation techniques, increment in healthcare expenditure, government initiatives for the preservation of stem cells, technological progression in cryopreservation equipment, rising cognizance of personalized medicine, rise in organ transplantation procedures, and emergence of cryogen-free preservation systems.
What CAGR is Forecasted for the Cryopreservation Equipment Market Through 2029?
Expectations are high for swift expansion in the cryopreservation equipment market in the approaching years. The market is forecasted to reach $19.55 billion by 2029, with a compound annual growth rate (CAGR) of 15.4%. This anticipated surge during the forecast period can be linked to various factors such as the growing demand for cell-based therapies, innovative strides in regenerative medicine, a rise in biobanking adoption, increased recognition of personalized medicine, and stem cell research expansion. This also includes technological advancements related to cryopreservation equipment, government backing for stem cell preservation, increasing healthcare outlays, an uptick in organ transplantation procedures, and the evolution of cryogen-free preservation systems. Notable trends to watch out for during this period include automated cryopreservation processes, development of cryogen-free preservation systems, enhancements in vitrification techniques, implementation of nanotechnology for better preservation, AI and machine learning application for process optimization, emergence of portable cryopreservation equipment, improved monitoring and control systems, refined cryoprotectant formulations, integration with digital health records, and advancements in ultra-low temperature storage solutions.
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What Are the Critical Factors Driving Cryopreservation Equipment Market Development?
The cryopreservation equipment market is anticipated to grow due to the surge in the demand for regenerative medicines. These are therapies that rejuvenate, replace or fix damaged tissues or organs to restore their normal functioning. The popularity of regenerative medicines is linked to their potential to mend damaged tissues, thus providing lasting solutions and diminishing the need for multiple treatments. Cryopreservation equipment plays a crucial role in regenerative medicines as they aid the long-term preservation of cells, tissues, and other biological entities without jeopardising their health or therapeutic capacity. As an example, the Catapult, a UK-based biotech firm, reported in January 2025 that in 2024, clinical trials, including gene therapies, cell therapies, and tissue-engineered products, constituted 9.5% of global trials and approximately 50% of all the trials in Europe. This intermittent growth in clinical trials bolsters the advancement of regenerative medicine. Consequently, the heightened demand for regenerative medicines boosts the cryopreservation equipment market.
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How Does the Cryopreservation Equipment Market Break Down Across Major Segments?
The cryopreservation equipment market covered in this report is segmented -
1) By Type: Freezers, Incubators, Sample Preparation Systems, Accessories
2) By Application: Cord Blood Stem Cells, Sperms, Semen And Testicular Tissues, Embryos And Oocytes, Other Applications
3) By End User: Stem Cells Banks, Biotechnology And Pharmaceutical Organizations, Contract Research Organizations, Stem Cell Research Laboratories, Research And Academic Institutes
Subsegments:
1) By Freezers: Ultra-Low Temperature Freezers (ULT Freezers), Mechanical Freezers, Liquid Nitrogen Freezers, Cryogenic Freezers, Portable Freezers
2) By Incubators: CO2 Incubators, Non-CO2 Incubators, Hypoxia Incubators, Shaking Incubators, Vacuum Incubators
3) By Sample Preparation Systems: Automated Sample Thawing Systems, Controlled Rate Freezing Systems, Vial Filling and Sealing Systems, Cryovial Handling Systems, Cell Processing Systems
4) By Accessories: Cryovials And Cryotubes, Storage Boxes And Racks, Temperature Monitoring Devices, Labels And Markers, Cryogenic Gloves And Protective Gear
What Are the Major Trends Transforming the Cryopreservation Equipment Industry?
Prominent businesses in the cryopreservation equipment market are concentrating on creating inventive solutions, like comprehensive centres for cell and gene therapy, to improve the handling, storage, and shipping of biological materials, increase operational efficiency, and facilitate the swift commercialization of cutting-edge treatments. These comprehensive centres refer to integrated facilities offering a complete range of services, from processing and cryopreservation to storage and distribution, all under one roof. For example, Cryoport Inc., a US-based firm providing temperature-controlled supply chain solutions for the life sciences sector, launched its IntegriCell cryopreservation services in October 2024. These services are provided through Cryoport Systems at a newly established, state-of-the-art facility located on its supply chain campus in Houston. This facility is dedicated to the standardized cryopreservation of leukapheresis material, and dovetails perfectly with Cryoport's international logistics platform to aid the advancement and commercialization of cell therapy. This move has enhanced Cryoport's capacity in the areas of biostorage and cell therapy logistics.
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Which Players Are Driving Innovation in the Cryopreservation Equipment Market?
Major companies operating in the cryopreservation equipment market are Thermo Fisher Scientific Inc., Linde LLC, Danaher Corporation, Merck KGaA, Avantor Inc., Beckman Coulter Inc., PHC Corporation, Chart Biomedical Co. Ltd., Hamilton Company, Azenta Life Sciences, Cryoport Systems Inc., Chemglass Life Sciences Inc., BioLife Solutions Inc., Charter Medicals, Planer PLC, CellBios Healthcare and Lifesciences Pvt. Ltd., Antech Group Inc., Cryologic Pty. Ltd., Bluechiip Ltd., Haimen United Laboratory Equipment Development Co. Ltd.
Which Regions Are Driving Global Cryopreservation Equipment Market Expansion?
North America was the largest region in the cryopreservation equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cryopreservation equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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