Cryopreservation Equipment Market Projected to Reach USD 24.1 Bn by 2032, Growing at a 12.9% CAGR

ALBANY, Calif. - Sept. 17, 2025 - PRLog -- According to a report published on Globenewswire, the global cryopreservation equipment market is experiencing significant growth, with projections indicating a rise from USD 7.3 billion in 2022 to approximately USD 24.1 billion by 2032, expanding at a compound annual growth rate (CAGR) of 12.9% during the forecast period. This surge is driven by the increasing demand for organ transplants, advancements in cryopreservation methodologies, and the rising prevalence of chronic diseases necessitating cellular and tissue storage.

Cryopreservation Equipment Market Overview

Cryopreservation equipment plays a pivotal role in preserving biological specimens, ranging from cells to organs, by maintaining their viability at ultra-low temperatures. The market's growth trajectory is underpinned by the burgeoning need for organ transplants, progressive strides in cryopreservation techniques, and an upswing in chronic ailments requiring cellular and tissue storage. Envisaging the future, the market looks poised for luminous prospects, with continuous innovations in cryo-techniques and equipment.

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Cryopreservation Equipment Market Drivers

• Organ Transplantation Needs: The increasing number of patients worldwide awaiting organ transplants has escalated the demand for cryopreservation equipment to store organs and tissues, ensuring their availability when needed.
• Advancements in Cryopreservation Techniques: Continuous innovations in cryo-techniques and equipment are enhancing the effectiveness and safety of preserving biological specimens, contributing to market growth.
• Rising Prevalence of Chronic Diseases: The growing incidence of chronic diseases necessitates the storage of biological materials for research and treatment purposes, driving the demand for cryopreservation solutions.

Cryopreservation Equipment Market Regional Insights

• North America: In 2022, North America emerged as the market's leader, encapsulating a value around USD 3.1 billion. The region's dominance is attributed to advanced healthcare infrastructure, high demand for organ transplants, and significant investments in medical research.
• Asia-Pacific: The Asia-Pacific region is projected to experience substantial growth, with a CAGR exceeding 13% from 2023 to 2032. Factors contributing to this growth include increasing healthcare investments, rising awareness about cryopreservation, and expanding healthcare facilities.

Competitive Landscape

Key players in the cryopreservation equipment market include:

• Barber-Nichols Inc.
• Charter Medicals
• Cryologic Pty. Ltd.
• Custom Biogenic Systems
• Haimen United Laboratory Equipment Development Co., Ltd.
• Linde LLC
• Merck KGaA
• Nikkiso Cryo Inc.
• Planer PLC
• Praxair Technology, Inc.
• Thermo Fisher Scientific, Inc.

For more detailed insights and data, please refer to the full report available at: https://www.globenewswire.com/news-release/2023/10/09/2756399/0/en/Cryopreservation-Equipment-Market-Projected-to-Touch-USD-24-1-Billion-by-2032-Flourishing-at-a-12-9-CAGR-from-2023-2032.html (https://www.globenewswire.com/news-release/2023/10/09/275...)