Cryogenic Freezer Market To Reach USD 1,382.2 Million By

January 08, 2024 06:30 ET | Source: DataHorizzon Research DataHorizzon Research

Fort Collins, Colorado, Jan. 08, 2024 (GLOBE NEWSWIRE) -- The Cryogenic Freezer Market size was valued at USD 768.2 Million in 2022 and is anticipated to reach USD 1,382.2 Million by 2032 at a CAGR of 6.1%. Fish Iqf Freezers

Cryogenic Freezer Market To Reach USD 1,382.2 Million By

The medical field is driving the growth of the freezer market. These freezers store vaccines, enzymes, medicines, and medical reagents, preventing deterioration. They also preserve living organisms, such as cells, bacteria, virus specimens, and bodies, for research purposes by slowing the cell division at lower temperatures.

With the increase in population and transportation of food across cities and countries, the need to preserve food is also increasing. Freezers help maintain the freshness and quality of food, increasing its shelf life for later consumption. This trend is growing in developed countries, and the demand for freezers is expected to rise.

As the biotechnology sector grows and research in this field expands, there has been an increasing demand for freezers to preserve living beings for various studies and experiments. This trend is expected to continue due to the significance of safeguarding biological samples for future research.

The global cryogenic freezer market has been segmented into product type, application, end-use, and region. The cryogenic freezer market is segmented into tunnel, IQF, immersion, spiral, and others. Tunnel freezers are in high demand due to their ability to store large quantities of products while preserving their texture and flavor. The market is segmented into food and beverages, medical institutes, pharmaceuticals, and chemical units. Medical institutes hold a significant share due to the growing demand for medical and pharmaceutical research and storage.

Cryogenic Freezer Market Report Highlights:

-          Thermo Fisher Scientific has launched the Thermo Scientific KingFisher Apex Dx and Applied Biosystems MagMAX Dx Viral/Pathogen NA Isolation Kit. These products offer an IVD-R-approved automated solution for isolating and purifying pathogens from respiratory specimens, ensuring accurate downstream results.

-          Panasonic is committed to making significant contributions to China's high-quality development. In a recent interview with Xinhua, Homma, the Group Regional Head for China and Northeast Asia, reaffirmed the company's commitment to supporting China's high-quality development in the future. 

Looking Exclusively For Region/Country Specific Report?

By Product Type: Tunnel, IQF, Immersion, and Spiral Freezer, Others

By Application: Corporate Laboratories, Hospitals, and Blood Centres, Universities and Research Institutes, and Others

By End-use: Food and beverages, Medical Institutes, pharmaceuticals, chemical units

By Region: North America, Latin America, Europe, Asia Pacific, the Middle East and Africa.

DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.

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Cryogenic Freezer Market To Reach USD 1,382.2 Million By

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