Freeze and Thaw System Market

Freeze and Thaw System Market by Product Type (Freeze-Thaw Modular Platforms, Single-use Bags, Controlled Rate Chambers, and Shippers), by Application (Research and Development, Pre-Clinical and Clinical, and Commercial), by End User (Academic and Research Institutes, Contract Research Organizations, Pharmaceutical and Biotechnology Companies, and Contract Manufacturing Organizations), By Region - Global Market Report (2024 to 2034)

Analysis of Freeze and Thaw System Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Freeze and Thaw System Market Outlook (2024 to 2034)

The global freeze and thaw system market size is estimated to be US$ 398.8 million in 2024. The market is anticipated to expand at a CAGR of 6.9% through 2034 and is anticipated to reach US$ 780.1 million during the forecast period. The growth is expected to continue rising on account of the increasing dependence of pharmaceutical and biotechnology firms to store medicinal drugs, etc.

Heightened concerns over the safe storage of bulk drug solutions over extended periods are generating demand for freeze and thaw systems since these systems are effective in preventing the deterioration of medicinal drug components.

Top Factors Fostering Market Growth Over the Next 10 Years

  • Surging cases of chronic diseases are creating demand for novel and more effective drugs and therapies. Thus, generating requirements for freeze and thaw systems to ensure safe and proper transportation and storage of various hormonal drugs or cell-based substances, among others.
  • Rising launches and agreements to increase sales are propelling market growth. Additionally, continued technological advancements to simplify and ease the process of freezing and thawing are augmenting market growth.
  • An increasing number of pharmaceutical and biotechnological companies are adopting these systems to store their medicines and drugs.
  • Surging demand for novel medicinal inventions is spiking the adoption rates of thawing systems, thus creating lucrative opportunities for players in the freeze and thaw system market.
  • End users are acknowledging the necessity of storing and transferring sensitive products via viable methods, consequently driving the development and adoption of freeze and thaw systems.
Report Attributes Details
Estimated Market Value (2024E) US$ 398.8 million
Forecasted Market Value (2034F) US$ 780.1 million
Global Market Growth Rate (2024 to 2034) 6.9% CAGR
Single-use Bags Segment Growth Rate (2024 to 2034) 7.8% CAGR
Commercial Segment Growth Rate (2024 to 2034) 7% CAGR
North America Market Share (2024) 34.5%
East Asia Market Share (2024) 18%
Key Companies Profiled in the Freeze and Thaw System Market Report
  • BioLifeSolutions, Inc.
  • CARON Products & Services, Inc.
  • Farrar Scientific
  • GE Healthcare Life Sciences
  • HOF Sonderanlagenbau GmbH
  • Meissner Filtration Products, Inc.
  • Precision Cryosystems
  • Sartorius AG
  • Thermo Fisher Scientific, Inc.
  • Single Use Support GmbH
  • ZETA Holding GmbH
  • W.L. Gore & Associates, Inc.
  • Others

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What are Opportunities Present for Freeze and Thaw System Manufacturers in the Market?

“Set up of Cost-effective Production Bases to Gain Higher Product Sales”

Market leaders, to level up their game, are introducing novel-engineered designs. These superior-quality products are finding significant opportunities in untapped markets, as reflected by their increasing uptake. Further, low-cost production bases in geographies like the Asia Pacific, South America, the Middle East and Africa, present a valuable investment option with high returns for manufacturing facilities. Consequently, manufacturers are employing this strategic move to raise their profits.

“Focus on Product Advancements in Terms of Technology and Functionality”

Key players are developing advanced versions of freeze and thaw systems that promote time efficiency for transportation and product storage. Thus making them a viable option for storing and transferring delicate biological products. Further on, the surging use of single-use systems in production units within the pharmaceutical industry, along with increasing traction for an alternative replacement for large-scale stainless-steel tanks, is promoting sales of freeze and thaw systems.

Which Factors are Restraining the Expansion of the Market?

“Durability Concerns and High-Cost Factors are Coming up As Top Hurdles”

Small and medium-scale players often avoid investing in large-scale freeze and thaw modular platforms as it results in high costs. Additionally, concerns about durability show up due to the single-use modality of freeze and thaw systems. These systems suffer from slight defects while performing operational processes and have a high chance of incurring mechanical damages through transportation or production.

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Country-wise Insights

The North America freeze and thaw system market is projected to lead the industry with a value share of 34.5% in 2024 and is set to expand at a 7.4% CAGR over the forecast period. An increase in the regional market with an estimated 36% share indicates a surge in opportunities for the business in the region.

The East Asia market follows behind North America. The region will occupy a total of 18% value share in 2024. The region is projected to witness a drop in value share, settling at 17.2% in 2034. The product sales in this region are projected to register a 6.5% CAGR through 2034.

Which Factors Boost the Revenue of the United States Freeze and Thaw System Market?

“Increasing Investments and Demand for Novel Therapeutics in the United States”

Attribute Details
Market Value in 2024 US$ 118 million
CAGR (2024 to 2034) 7.6%

The market in the United States is anticipated to reach US$ 118 million in 2024. Further on, the market is forecasted to expand at a CAGR of 7.6% to attain US$ 246 million by 2034. The United States is anticipated to lead the market in North America, with an estimated 86.2% regional share in 2024. Canada and Mexico are expected to capture a meager 8.8% and 5.1% value shares, respectively, in 2024.

The United States enjoys a leading share of the global market. This can be attributed to the increasing density of established manufacturers in the biotechnology industry that offer sample storage systems and proper protein drugs. Additionally, growing demand for novel therapeutics and robustly expanding healthcare infrastructure are raising prospects for freeze and thaw consumption in the United States.

Which Factors Propel Market Growth in China?

“Strong Demand for Freeze and Thaw Systems in China Due to Surging Pharmaceutical Companies”

Attribute Details
Market Value in 2024 US$ 35 million
CAGR (2024 to 2034) 6.2%

The China freeze-and-thaw system market is projected to enjoy a market share of 49.1% in East Asia in 2024. Value-wise, the market is anticipated to acquire revenue worth US$ 35 million in 2024. By 2034, the market is expected to rise to US$ 64 million while expanding at a CAGR of 6.2%.

Surging pharmaceutical companies in the country are increasing prospects for freeze and thaw systems to produce and transport their medical items. Increasing funding for research and development is strengthening the freeze-and-thaw system market. Additionally, the rising consumption of single-use bags for food and edibles, aside from their use in manufacturing units, is propelling the region’s growth.

Segment-wise Insights

By product type, single-use bags are forecast to acquire a market share of 36.5% in 2024. By 2034, the segment is anticipated to gain a value share of 39.6%, registering a CAGR of 7.8% meanwhile. The segment is closely followed by shippers, which are expected to acquire a share of 34.5% in 2024 while expanding at a CAGR of 6.7%.

Based on application, the commercial segment is anticipated to obtain a market share of 62% in 2024. The segment is forecast to reach 62.4% by 2034, expanding at a CAGR of 7%.

On the basis of end users, the pharmaceutical and biotechnology companies segment is the leading user of freeze and thaw systems. The segment is projected to acquire 41.5% in 2024. Throughout the forecast period, the segment is projected to expand at a CAGR of 7.1%.

Which Product Segment Dominates the Freeze and Thaw System Market?

“Single-use Bags Top the Charts of the Global Market”

Attribute Details
Market Share in 2024 36.5%

The single-use bags segment is projected to obtain a market value of US$ 145.5 million in 2024. By 2034, the segment is pegged to attain US$ 308.8 million, expanding at a CAGR of 7.8%.

The demand for single-use bags is rising as they ensure sealed protection to the biological substances within the bags, augmenting the segment’s growth. Furthermore, diverse applications of single-use bags due to their time economy in freeze and thaw processes, and assurance of sample integrity, are increasing their adoption rate.

Which Application Accounts for a Leading Share of Freeze and Thaw System Market?

“Commercial Application Reigns Supreme in Terms of Market Share”

Attribute Details
Market Share in 2024 62%

The commercial segment is anticipated to acquire a market value of US$ 247.4 million in 2024. By 2034, the market is projected to gain a revenue of US$ 486.5 million, expanding at a CAGR of 7% through 2034. Commercial freeze and thaw systems help avoid the logistical burden on capital by ensuring product reliability and endurance to the contents within. This factor is propelling sales of freeze and thaw systems for commercial applications.

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Competitive Landscape

Leading players are focusing their resources on developing new and technologically progressive products to expand their product portfolio and generate increased revenue figures. Increasing efforts by leading manufacturers to innovate and meet the customized requirements of their end users. Additionally, acquisition and partnerships are projected to increase the influence of leading players.

Latest Developments by Key Players Impacting the Global Market

  • In April 2021, BioLife Solutions introduced high-capacity controlled rate freezers (HCRF), which is a new line of freezers that facilitate the production of allogeneic cell therapies in significant volume. Thus, meeting the demand for critical cold chains.
  • In December 2021, HOF Sonderanlagenbau and Sartorius entered into a partnership contract for the addition of two HOF freeze-thaw units (horizontal plate) into Sartorius’ product range. This provides an extensive range of freeze-thaw equipment and consumables to its target customers.

Segmentation of Freeze and Thaw System Market Research

  • By Product Type:

    • Freeze-Thaw Modular Platforms
    • Controlled Rate Chambers
    • Single-Use Bags
    • Shippers
  • By Application:

    • Research and Development
    • Pre-Clinical and Clinical
    • Commercial
  • By End User:

    • Academic and Research Institutes
    • Pharmaceutical and Biotechnology Companies
    • Contract Research Organizations
    • Contract Manufacturing Organizations
  • By Region:

    • North America
    • Europe
    • Latin America
    • East Asia
    • South Asia and Oceania
    • Middle East and Africa

- FAQs -

What was the Value of the Freeze and Thaw System Market in 2019?

The global freeze and thaw system market was worth US$ 272.4 million in 2019.

What is the Sales Outlook for Freeze and Thaw Systems in 2024?

The sales outlook for freeze and thaw systems is likely to be valued at US$ 398.8 million in 2024.

What is the Demand Forecast for Freeze and Thaw Systems over the Coming Decade?

The demand for freeze and thaw systems is projected to reach a market value of US$ 780.1 million by 2034.

What is the Growth Projection for the Freeze And Thaw System Market?

The deployment of the freeze and thaw system is projected to rise at a CAGR of 6.9% through 2034.

At What Rate is the Market in North America Predicted to Grow?

The North America market for freeze and thaw systems is forecasted to expand at a CAGR of 7.4% through 2034.

- Also of Interest -

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Blood Thawing System Market By Product Type (Dry Plasma Thawer, Wet Plasma Thawer), By Capacity (2 Bags, 4 Bags, 8 Bags), By Sample Type (Blood Plasma, RBCs, Platelets, Whole Blood), By End-user, By Region - Global Market Insights to 2031

Biomedical Refrigerators and Freezers Market

Biomedical Refrigerators and Freezers Market Size, Share Analysis by Product (Plasma Freezers, Blood Bank Refrigerators, Ultra-Low Temperature Freezers, Medical Refrigerators, Cryogenic Storage Systems), by End User & Regional Forecast 2021-2031

Freeze and Thaw System Market

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