Global Cryogenic Freezers Market 2015-2019
About cryogenic freezers
Cryogenic freezers are technologies used in storing DNA, human tissues, blood products, stem cells, umbilical cord blood, oocytes and embryos, and other sensitive medical and biological specimens. They rely on specialized mechanical systems or liquid nitrogen to operate. These freezers minimize the level of deterioration and provide maximum viability of samples as they have a temperature of approximately -150°C. At this temperature, the metabolic activities and molecular motion of water cease, putting cells in suspended animation and making it suitable for their pristine preservation.
Technavio's analysts forecast the global cryogenic freezers market to grow at a CAGR of 8.17% during 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global cryogenic freezers market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of cryogenic freezers.
Technavio's report, Global Cryogenic Freezers Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Asia, Europe, North America, and ROW; it also covers the landscape of the global cryogenic freezers market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key regions
Technavio Announces the Publication of its Research Report – Global Cryogenic Freezers Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Cryogenic Freezers Market: Chart Industries, Panasonic Healthcare, Planer, Taylor Wharton and Thermo Fisher
The other prominent vendors are: American Biotech Supply, Bioline Technologies, CES Group, Custom Biogenic Systems, Eppendorf, Haier Bio-Medical, Nanolytik, Reflect Scientific and VRV Group
Commenting on the report, an analyst from Technavio’s team said: “Temperature uniformity is a necessity in cryogenic freezers. Market vendors have thus developed mechanical cryogenic freezers, an alternative technology to liquid nitrogen and liquid nitrogen vapor phase storage technologies. For instance, Panasonic Medical and Thermo Fisher have introduced the MDF-1156ATN-PE ultra-low temperature freezers and the ULT10140-9 models, respectively. These freezers typically constitute the cooling elements of cryogenic freezers, which surround the walls of the storage chamber and eliminate heat, creating a uniform temperature environment.”
According to the report, biological samples and life science products require proper preservation to ensure their integrity as they are extremely sensitive. Considering that the preservation of cells is important for cell culture, samples require freezing systems that impede intracellular functions damaging the samples' physiochemical structures. These samples become ineffective if not preserved appropriately. This, in turn, can hamper the discovery, development, and introduction of new drugs and medical treatments.
Further, the report states that cryogenic freezing comes with high operating costs that offset its advantage of low initial investment.
Chart Industries, Panasonic Healthcare, Planer, Taylor Wharton, Thermo Fisher, American Biotech Supply, Bioline Technologies, CES Group, Custom Biogenic Systems, Eppendorf, Haier Bio-Medical, Nanolytik, Reflect Scientific, VRV Group