Press release
Medical Grade Liquid Nitrogen Industry Outlook 2025-2029: Market Set to Cross $3.19 Billion Milestone
Medical Grade Liquid Nitrogen
How Large Will the Medical Grade Liquid Nitrogen Market Size By 2025?
The market size for medical grade liquid nitrogen has seen robust expansion in the past few years. It is expected to increase from $2.34 billion in 2024 to $2.48 billion in 2025, signifying a compound annual growth rate (CAGR) of 6.0%. This growth during the historical period has been driven by rising demand for cryopreservation in biobanks, the proliferation of minimally invasive surgical procedures, an increased application in dermatology treatments, growth in the food processing industry, and heightened demand from the electronics manufacturing sector.
How Big Is the Medical Grade Liquid Nitrogen Market Size Expected to Grow by 2029?
The market for medical grade liquid nitrogen is projected to experience substantial growth in the upcoming years. The market is expected to reach $3.19 billion by 2029, expanding at a compound annual growth rate (CAGR) of 6.5%. The predicted growth during the projection period stems from heightened investments in healthcare structures, a surge in the use of cryotherapy for treating cancer, advancements in stem cell and regenerative medicine studies, expanding usage in the pharmaceutical cold chain logistics, and growing applications in veterinary. The forecast period also anticipates key trends such as advancements in storage and transportation systems, rising acceptance of personalized medicine, growing utilization of liquid nitrogen in cosmetic procedures, emphasis on sustainability and safety practices, and the incorporation of artificial intelligence (AI) and automation in cryogenic systems.
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Which Key Market Drivers Powering Medical Grade Liquid Nitrogen Market Expansion and Growth?
An increasing need for cryopreservation and cryosurgery applications in the medical sector is anticipated to stimulate the advancement of the medical-grade liquid nitrogen market. These applications require the utilization of extreme low temperatures, often using liquid nitrogen, to keep biological samples intact or to treat medical issues by freezing and eliminating abnormal tissues. The rising interest in cryopreservation and cryosurgery is linked to their application in fertility treatments and stem cell banking, as an increasing number of people choose to keep reproductive cells and stem cells for future use due to healthcare necessities, life choices, or progress in regenerative medicine. Medical-grade liquid nitrogen contributes to these applications by offering a dependable and high-purity cryogenic solution, essential for preserving the viability of biological samples and ensuring safe, effective cryosurgical treatments. For example, according to the Vitality Pro, a UK-based health and wellness firm in June 2024, globally, around 500 individuals have opted for cryonic preservation, and an additional 4,000 have signed up for future procedures, demonstrating a mounting interest in this novel technology. Thus, the growing demand for cryopreservation and cryosurgery applications in the medical sector is leading to the growth of the medical-grade liquid nitrogen market.
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Which Emerging Trends Are Transforming the Medical Grade Liquid Nitrogen Market in 2025?
Prominent businesses in the medical grade liquid nitrogen market are directing their efforts towards the creation of novel solutions like the liquid nitrogen cryotherapy machine. This innovative approach aims to revolutionize the treatment of chronic respiratory disorders through minimally invasive cryotherapy. With the help of frigid liquid nitrogen, the cryotherapy device can freeze and eradicate abnormal or damaged tissue for therapeutic reasons. This includes the treatment of warts, precancerous cells, and skin lesions. For example, during July 2024, CSA Medical Inc., a medical device firm based in the USA, publicized the conclusion of patient registration for its decisive SPRAY-CB trial concerning the RejuvenAir System - a remarkable cryotherapy device. This system employs a spray of liquid nitrogen to identify and heal chronic bronchitis by accurately subjecting damaged lung cells to intense cold temperatures. The device enhances regenerative healing without fabricating scar tissue through a minimally invasive, outpatient process. Its usage is considered a notable progress in treating chronic obstructive pulmonary disease (COPD) by targeting the core problem of excessive mucus production and airway damage.
What Are the Emerging Segments in the Medical Grade Liquid Nitrogen Market?
The medical grade liquid nitrogen market covered in this report is segmented -
1) By Type: Below 99%, 99%-99.9%, Above 99.9%
2) By Container Type: Dewar Flasks, Pressurized Cylinders, Storage Tanks, Portable Cryogenic Containers, Bulk Liquid Nitrogen Tanks
3) By Distribution Channel: Direct Sales, Online Sales, Medical Supply Distributors, Retail Pharmacies, Specialty Medical Suppliers
4) By Application Area: Cryopreservation, Cryosurgery, Medical Laboratories, Pharmaceutical Applications, Dermatological Uses
5) By End-User: Hospitals And Clinics, Biotechnology And Pharmaceutical Companies, Research Laboratories, Other End-Users
Subsegments:
1) By Below 99%: Industrial Grade Liquid Nitrogen, Food Grade Liquid Nitrogen, Laboratory Grade (Low Purity) Liquid Nitrogen
2) By 99%-99.9%: Research Grade Liquid Nitrogen, Pharmaceutical Support Grade Liquid Nitrogen, Semi-Medical Grade Liquid Nitrogen
3) By Above 99.9%: High-Purity Medical Grade Liquid Nitrogen, Ultra-High Purity Cryogenic Liquid Nitrogen, Electronic And Biotech Grade Liquid Nitrogen
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Who Are the Global Leaders in the Medical Grade Liquid Nitrogen Market?
Major companies operating in the medical grade liquid nitrogen market are Linde Gas & Equipment Inc., Air Liquide Healthcare, Air Products and Chemicals Inc., Airgas Inc., Nippon Sanso Holdings Corporation, Matheson Tri-Gas Inc., Gruppo SIAD, Gulf Cryo, AMCS Corporation, Red Ball Oxygen, MVS Engineering Pvt. Ltd., Coregas Pty Ltd., Kansal Industrial Gases, Stirling Cryogenics, CalOx Inc., US Gas, N-Two Medical Inc., Nitrogen Express, Cryogen (part of the Antares Alliance), Abhijit Enterprises
Which are the Top Profitable Regional Markets for the Medical Grade Liquid Nitrogen Industry?
North America was the largest region in the medical grade liquid nitrogen market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical grade liquid nitrogen market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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