Global Cryopreservation Equipment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Equipment;
Freezers - [Cryopreservation Freezers & Drystore Freezers], Incubators, Sample Preparation Systems and Accessories - [Cryopreservation Vials, Freezer Box, Cryocart, Cryogenic Vaporizer and Others]By Cryogen;
Liquid Nitrogen, Oxygen ,Argon, and Liquid HeliumBy Application;
Cord Blood Stem Cells, Semen & Testicular Tissues, Embryos & Oocytes, and OthersBy End Users;
Stem Cells Banks, Biotechnology & Pharmaceutical Organizations , Contract Research Organizations, Stem Cell Research Laboratories, and Research & Academic InstitutesBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Cryopreservation Equipment Market Overview
Cryopreservation Equipment Market (USD Million)
Cryopreservation Equipment Market was valued at USD 7,255.62 million in the year 2024. The size of this market is expected to increase to USD 15,063.84 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 11.0%.
Global Cryopreservation Equipment Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 11.0 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 11.0 % |
Market Size (2024) | USD 7,255.62 Million |
Market Size (2031) | USD 15,063.84 Million |
Market Concentration | Low |
Report Pages | 315 |
Major Players
- Thermo Fisher Scientific, Inc.
- Custom Biogenic Systems
- Chart Biomedical Co. Ltd.
- Merck KGaA
- Barber-Nichols Inc.
- Praxair Technology, Inc.
- Linde LLC
- Planer PLC
- Cryologic Pty. Ltd.
- Charter Medicals
- Nikkiso Cryo Inc
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Cryopreservation Equipment Market
Fragmented - Highly competitive market without dominant players
The Cryopreservation Equipment Market is experiencing robust growth, driven by the increasing need for biobanking and cell preservation technologies. This trend is strongly linked to the expanding use of cell-based therapies, which now constitute nearly 40% of regenerative medicine applications. Additionally, the growing emphasis on personalized treatments is fueling the demand for efficient cryopreservation systems, ensuring long-term viability and integrity of biological samples.
Technological Innovations in Cryopreservation
Significant advancements in cryopreservation methods are reshaping the market, with a focus on rapid freezing and optimized storage solutions. Nearly 30% of recent innovations in this sector are centered on faster cooling techniques that enhance cell viability over extended periods. These breakthroughs are essential for supporting large-scale biobanking and medical research, contributing to the broader adoption of cryopreservation technologies.
Adoption Across Biotechnology and Pharmaceutical Sectors
The biotechnology and pharmaceutical industries account for nearly 60% of the market's end-user base, underscoring their reliance on cryopreservation technologies. These sectors depend on cryogenic solutions to maintain the stability and viability of biological samples, which are critical for drug development, clinical trials, and vaccine production.
Future Growth and Market Outlook
With ongoing advancements in cryogenic technologies and the increasing focus on personalized medicine, the Cryopreservation Equipment Market is poised for sustained growth. Strategic industry collaborations and investments in research infrastructure are expected to further expand this market, supporting innovative cell-based therapies and enhancing overall healthcare outcomes.
Cryopreservation Equipment Market Recent Developments
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In August 2022, Medtronic Plc acquired Affera, Inc., enhancing its cardiac ablation portfolio with advanced mapping, navigation, and ablation technologies, reinforcing its presence in the cardiac care market.
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In February 2022, Medtronic Plc received FDA approval for its Freezor and Freezor Xtra cryoablation catheters, enabling treatment for pediatric AVNRT patients and expanding its reach in the electrophysiology space.
Cryopreservation Equipment Market Segment Analysis
In this report, the Cryopreservation Equipment Market has been segmented by Equipment, Cryogen, Application, End Users, Cryogen and Geography.
Cryopreservation Equipment Market, Segmentation by Equipment
The Cryopreservation Equipment Market has been segmented by Equipment into Freezers - Cryopreservation Freezers and Drystore Freezers, Incubators, Sample Preparation Systems & Accessories - Cryopreservation Vials , Freezer Box, Cryocart, Cryogenic Vaporizer, and Others.
Freezers (Cryopreservation Freezers and Drystore Freezers)
Freezers are the leading equipment category in the cryopreservation equipment market, comprising nearly 48% of global sales. Cryopreservation freezers offer ultra-low temperature storage critical for preserving cells, tissues, and genetic materials, while drystore freezers provide safe, long-term storage without ice contamination. Their central role in biobanking, stem cell research, and fertility preservation ensures strong market demand across clinical and research settings.
Incubators
Incubators hold a 19% market share and are essential for ensuring controlled environmental conditions during sample handling, thawing, or cell culture preparation. With precise regulation of temperature, humidity, and CO₂ levels, incubators are widely used in cell therapy labs, IVF clinics, and pharmaceutical R&D.
Sample Preparation Systems & Accessories
Sample preparation systems and accessories contribute about 33% of the total market and include items such as cryopreservation vials, freezer boxes, cryocarts, and cryogenic vaporizers. These tools are crucial for sample integrity, safe transport, and organized storage. As biological sample volumes grow, the demand for automated, reliable storage solutions continues to rise.
Cryopreservation Equipment Market, Segmentation by Cryogen
The Cryopreservation Equipment Market has been segmented by Cryogen into Cord Blood Stem Cells, Semen & Testicular Tissues, Embryos & Oocytes, and Others.
Cord Blood Stem Cells
Cord blood stem cells lead the cryopreservation equipment market by cryogen, accounting for around 36% of total usage. These stem cells are a valuable resource for treating blood and immune system disorders, and their long-term preservation supports both public and private banking initiatives. The expanding use of stem cell transplants and regenerative therapies is significantly boosting this segment’s growth.
Semen & Testicular Tissues
Semen and testicular tissue cryopreservation holds a 28% market share. It plays a crucial role in fertility preservation, particularly for men undergoing cancer treatments or facing reproductive challenges. With increasing awareness of male infertility and the expansion of sperm banks, this segment continues to experience steady demand.
Embryos & Oocytes
Embryos and oocytes make up about 25% of the market and are central to assisted reproductive technologies (ART). These cryogens support egg freezing, embryo banking, and IVF procedures, particularly for women seeking to delay childbearing or undergoing medical treatments. Improvements in vitrification techniques and clinical success rates are fueling further adoption.
Others
The Others segment, comprising roughly 11%, includes cryopreservation of tissues, bone marrow stem cells, and rare or genetically modified cell lines used in research. As personalized medicine, gene therapy, and biobanking evolve, this diverse segment is expected to witness increasing demand.
Cryopreservation Equipment Market, Segmentation by Application
The Cryopreservation Equipment Market has been segmented by Application into Cord Blood Stem Cells, Semen & Testicular Tissues, Embryos & Oocytes, and Others.
Cord Blood Stem Cells
Cord blood stem cell cryopreservation leads the cryopreservation equipment market by application, making up around 37% of global demand. These stem cells are widely used for treating blood cancers, genetic disorders, and immune deficiencies. Increasing investment in public and private cord blood banks, coupled with advancements in stem cell transplantation, continues to drive rapid growth in this segment.
Semen & Testicular Tissues
Semen and testicular tissue preservation holds a 26% market share and is essential for male fertility preservation. It is commonly used prior to chemotherapy, radiation therapy, or vasectomy. The rise in male infertility cases and the proliferation of sperm banks across emerging markets are propelling this segment forward.
Embryos & Oocytes
Embryo and oocyte cryopreservation comprises approximately 24% of the market and plays a critical role in assisted reproductive technologies (ART). It supports women undergoing IVF treatments, those choosing to delay childbearing, or preserving fertility before medical interventions. Innovations in vitrification have significantly improved survival rates and success outcomes, enhancing demand.
Others
The Others category, covering 13% of the market, includes the cryopreservation of research cell lines, engineered tissues, and experimental therapeutic materials. As regenerative medicine, personalized therapies, and cell-based research grow, this segment is gaining strategic importance across biotechnology and academic research institutions.
Cryopreservation Equipment Market, Segmentation by End Users
The Cryopreservation Equipment Market has been segmented by End Users into Stem Cells Banks, Biotechnology & Pharmaceutical Organizations , Contract Research Organizations, Stem Cell Research Laboratories, and Research & Academic Institutes.
Stem Cell Banks
Stem cell banks dominate the cryopreservation equipment market by end user, contributing nearly 34% of total demand. These banks store cord blood, placental, and peripheral blood stem cells for future therapeutic use. The growing popularity of stem cell preservation, fueled by increasing public and private investments and greater awareness of cell-based therapies, is a key driver of growth in this segment.
Biotechnology & Pharmaceutical Organizations
Biotechnology and pharmaceutical companies account for approximately 26% of the market. These organizations use cryopreservation systems to store cell lines, genetic material, and biologic drug candidates during research, development, and clinical trials. As investment in biologics, immunotherapy, and personalized medicine accelerates, their reliance on advanced storage solutions is expanding rapidly.
Contract Research Organizations (CROs)
Contract Research Organizations (CROs) hold a market share of about 18%. These third-party providers support clinical and preclinical studies by managing biological sample storage and logistics. With more biotech firms outsourcing research, CROs are becoming major end users of cryopreservation infrastructure, especially in regulated environments.
Stem Cell Research Laboratories
Stem cell research laboratories represent roughly 13% of the market. Focused on regenerative medicine, cell therapy development, and basic research, these labs require precise cryogenic storage for ongoing experimentation. Their role in translating stem cell science into clinical application continues to drive demand for advanced equipment.
Research & Academic Institutes
Research and academic institutions make up approximately 9% of global demand. These facilities use cryopreservation equipment in educational programs, life sciences research, and collaborative projects. Increased funding from governments and institutions for biomedical research is supporting adoption in this segment.
Cryopreservation Equipment Market, Segmentation by Geography
In this report, the Cryopreservation Equipment Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Regions and Countries Analyzed in this Report
Cryopreservation Equipment Market Share (%), by Geographical Region
North America
North America dominates the cryopreservation equipment market, contributing around 41% of total revenue. The region’s leadership is fueled by a well-established healthcare infrastructure, heavy investments in biotech R&D, and a strong presence of cryogenic equipment manufacturers. The U.S., in particular, sees extensive use of cryopreservation in stem cell therapy, IVF, and biobanking.
Europe
Europe holds a solid 26% share of the market, with countries like Germany, France, and the UK at the forefront. The region’s growth is supported by robust public health funding, widespread adoption of regenerative therapies, and a mature network of biobanks and research institutes using cryogenic storage for medical and research applications.
Asia Pacific
Asia Pacific represents about 22% of the global market and is witnessing the fastest growth among all regions. This is driven by increasing demand for assisted reproductive technologies (ART), rising investments in biotechnology, and expanding access to stem cell banking in emerging markets like India, China, and Japan.
Middle East & Africa
Middle East & Africa contribute approximately 6% of global demand. With growing awareness of fertility preservation and stem cell-based therapies, the region is seeing increased adoption of cryopreservation equipment. Modernization of healthcare systems in countries such as the UAE, Saudi Arabia, and South Africa is supporting this upward trend.
Latin America
Latin America accounts for nearly 5% of the market. Countries such as Brazil and Mexico are leading adoption through enhanced access to fertility services, increased government support for life sciences research, and emerging demand for biobanking and regenerative healthcare solutions.
Cryopreservation Equipment Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Cryopreservation Equipment Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
---|---|---|---|---|---|
Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunities
Drivers
- Rapid advancements in freezing technologies
- Increasing demand for organ and tissue preservation
- Rising prevalence of fertility treatments
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Expansion of biobanking and stem cell research - The growth of biobanking and advancements in stem cell research have significantly boosted the demand for cryopreservation equipment. Biobanks serve as critical repositories for storing biological samples like tissues, cells, and blood, which are essential for medical research and developing personalized therapies. As stem cell therapies gain popularity, the need to maintain sample integrity during long-term storage has increased, driving innovation in cryopreservation technology.
The expanding focus on personalized medicine has encouraged researchers and healthcare providers to invest in reliable equipment that ensures the viability of stored biological materials. Governments and private sectors are actively funding new biobank establishments and modernizing existing facilities, which further fuels market growth. Digital monitoring and management systems are being integrated to enhance the safety and efficiency of sample storage.
Stem cell therapies are increasingly being used to treat complex diseases such as cancer and autoimmune disorders. This growing clinical adoption demands advanced preservation techniques that guarantee the quality of samples when thawed for treatment, positioning cryopreservation devices as indispensable tools in medical practice.
Restraints
- High costs of cryopreservation equipment
- Complex regulatory compliance hurdles
- Limited skilled workforce availability
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Potential risks associated with sample thawing - The risk of sample degradation during thawing is a major challenge limiting the global cryopreservation equipment market’s growth. While freezing techniques preserve biological materials at ultra-low temperatures, the thawing process can damage cells or reduce their viability if not managed precisely. This is particularly critical for sensitive samples such as stem cells and tissues, where improper thawing impacts their usability in research and clinical applications.
Developing standardized thawing protocols is complex since different sample types require unique conditions to maintain viability. Variability in thawing methods can result in inconsistent outcomes, which affects the reliability of preserved samples and hinders clinical success rates. Furthermore, repeated freeze-thaw cycles may diminish sample potency, limiting how often materials can be preserved and reused.
There is also an increased risk of contamination during thawing if sterile conditions are not strictly maintained, raising concerns about sample safety. These challenges add operational complexities and increase costs, especially in smaller or resource-limited facilities. Collectively, these factors act as a significant barrier to wider market adoption and growth, particularly in developing regions.
Opportunities
- Growing adoption in regenerative medicine
- Integration with automated storage systems
- Expansion in emerging healthcare markets
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Development of portable cryopreservation devices - The rise of portable cryopreservation devices offers exciting growth opportunities by enabling flexible, on-the-go preservation of biological samples. Unlike traditional bulky equipment that requires stable infrastructure, portable units allow samples such as organs, tissues, and reproductive cells to be safely frozen and transported, even in remote or underserved locations.
This increased mobility is crucial for time-sensitive medical procedures like organ transplantation and fertility treatments, where rapid sample cooling is essential to maintain viability. Portable cryopreservation also supports field research by allowing scientists to preserve samples immediately after collection, reducing the risk of degradation and expanding research possibilities in diverse environments.
Cryopreservation Equipment Market Competitive Landscape Analysis
Key players in Cryopreservation Equipment Market include
- Thermo Fisher Scientific, Inc.
- Custom Biogenic Systems
- Chart Biomedical Co. Ltd.
- Merck KGaA
- Barber-Nichols Inc.
- Praxair Technology, Inc.
- Linde LLC
- Planer PLC
- Cryologic Pty. Ltd.
- Charter Medicals
- Nikkiso Cryo Inc
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Equipment
- Market Snapshot, By Cryogen
- Market Snapshot, By Application
- Market Snapshot, By End Users
- Market Snapshot, By Region
- Cryopreservation Equipment Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rapid advancements in freezing technologies
- Increasing demand for organ and tissue preservation
- Rising prevalence of fertility treatments
- Expansion of biobanking and stem cell research
- Restraints
- High costs of cryopreservation equipment
- Complex regulatory compliance hurdles
- Limited skilled workforce availability
- Potential risks associated with sample thawing
- Opportunities
- Growing adoption in regenerative medicine
- Integration with automated storage systems
- Expansion in emerging healthcare markets
- Development of portable cryopreservation devices
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Cryopreservation Equipment Market, By Equipment, 2021 - 2031 (USD Million)
- Freezers
- Cryopreservation Freezers
- Drystore Freezers
- Incubators
- Sample Preparation Systems & Accessories
- Cryopreservation Vials
- Freezer Box
- Cryocart
- Cryogenic Vaporizer
- Others
- Freezers
- Cryopreservation Equipment Market, By Cryogen, 2021 - 2031 (USD Million)
- Liquid Nitrogen
- Oxygen
- Argon
- Liquid Helium
- Cryopreservation Equipment Market, By Application, 2021 - 2031 (USD Million)
- Cord Blood Stem Cells
- Sperms, Semen & Testicular Tissues
- Embryos & Oocytes
- Others
- Cryopreservation Equipment Market, By End Users, 2021 - 2031 (USD Million)
- Stem Cells Banks
- Biotechnology and Pharmaceutical Organizations
- Contract Research Organizations
- Stem Cell Research Laboratories
- Research and Academic Institutes
- Cryopreservation Equipment Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Cryopreservation Equipment Market, By Equipment, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Thermo Fisher Scientific, Inc.
- Custom Biogenic Systems
- Chart Biomedical Co. Ltd.
- Merck KGaA
- Barber-Nichols Inc.
- Praxair Technology, Inc.
- Linde LLC
- Planer PLC
- Cryologic Pty. Ltd.
- Charter Medicals
- Nikkiso Cryo Inc
- Company Profiles
- Analyst Views
- Future Outlook of the Market