Cryopreservation freezer market to be valued at $840m by 2031

The expansion of biobanking activities serves as a key driver for market growth.

The global cryopreservation freezer market is expected to reach $840m by 2031 at a compound annual growth rate of 6.1%, according to Valuates Reports.

The sector’s expansion is attributed to a rising emphasis on sample traceability, contamination prevention, and compliance with strict handling standards.

“The cryopreservation freezer market is shaped by expanding needs across life sciences, healthcare, and advanced biological storage applications where long-term sample integrity is critical,” the report said.

In addition, the expansion of biobanking activities serves as a key driver for market growth.

“These facilities require long-term preservation systems capable of maintaining sample quality over extended periods,” it added.