The Effects of the COVID-19 Outbreak on Cryogenic Freezers Market

Global Cryogenic Freezers Market: Overview

Cryotherapy is a medical therapy, which finds its utilization in the process of application of low temperature to an injured or a damaged part of a body. Cryotherapy is widely utilized for the treatment of post-operative muscle pains, soft tissue damage, sprains, and swelling. Cryogenic freezers are those equipment that are designed to ensure maintenance of cryogenic temperatures. Technically, cryogenic is a term that refers to a temperature that is lower than -150 deg. C. The product in review works with liquid carbon dioxide or liquid nitrogen as refrigerants. The global cryogenic freezers market is likely to observe growth in the growing use of the product for diminishing the process of deterioration and give maximum viability of samples. These freezers maintain temperature at around -150 deg.

Cryogenic freezers find wide use in several end use sectors, such as extracellular matrix, organs, tissues, organs and organelles, cells, food processing & preservation, and blood banks. With increased demand from such a wide variety of end users, the global cryogenic freezers market is estimated to observe considerable growth in the years to come.

Type, end use, and region are the three important parameters based on which the global cryogenic freezers market has been categorized. Such dissection of the market comes with the purpose to offer stakeholders with a detailed and clear analysis of the global cryogenic freezers market.

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Global Cryogenic Freezers Market: Notable Developments

One of the developments that offer a glimpse of the market dynamics about the global cryogenic freezers market is mentioned below:

In January 2020, Dublin-based Linde plc received a contract from Chinese foundry Shanghai Huali Microelectronics Corporation for setting up of a new air separation plant for nitrogen supply to its manufacturing setup. In addition to nitrogen, the plant is also meant to supply argon and high purity oxygen to manufacturing facility. With this strategic move, the company is anticipated to cater to the rising demand for highly pure industrial gas.

Some of the prominent organizations in the global cryogenic freezers market include the below-mentioned: