According to DataHorizzon Research, The cryogenic freezer market size was valued at USD 768.2 Million in 2022 and is anticipated to reach USD 1,382.2 Million by 2032 at a CAGR of 6.1%.

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The demand for these freezers is growing with the advances in medical technology creating the need for preserving samples, studying and researching them for developing vaccines and medicines, and also due to rise in food industry.