The ultra-low temperature freezers market is expected to reach $ XX Billion by 2026; with a CAGR of 3.5% from 2019 to 2026. North America accounts for the major share in the ultra-low temperature freezers market.
The growing demand of preserving the biological samples is dominating the market growth of ultra-low temperature freezers. The key market drivers of the global ultra-low temperature freezers are the major use in the biobanks & research institutes. The innovation in preservation technology in the medical arena also propels the market. The advancement in the process of biological drugs, stem cell therapies, and personalized medicines also fuel the market. However, lack of operational capacities along with the low replacement rate may hamper the market. Moreover, the demand from rare disease therapeutics & major competition from the biotechnology and pharmaceutical companies are expected to boost the market.
The ultra-low temperature freezers market is segmented into product, degree of cooling, application, end-use and geography. By product, the market is divided into chest freezers and upright freezers. By degree of cooling, the market is divided into -41^0 C to -86^0 C and -87^0 C to -150^0 C. By application, the market is divided into biological samples, flammable materials, drug compounds and blood and blood products. By the end-use industry, the market is divided into academic research institute, biotechnology and pharmaceuticals companies and biobanks. By geography, the market is distributed across the various geographical regions such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
The country-wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico while Europe covers Germany, Italy, UK, & Rest of Europe. Japan, China, India, Australia, and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. Rest of the world includes Central & South America, the Middle East, and Africa.
The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. The market has been analyzed both from demand as well as supply side to come to an accurate scenario. Products across application and application across geographies have been mapped to provide you a precise competitive scenario to have a leading edge in the market.
Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also part of the report. Top players are Haier Biomedical, Bionics Scientific Technologies (P) Ltd., PHC Holdings Corporation (Panasonic Biomedical), Eppendorf AG, Remi Group, Helmer Scientific, Abzil Telstar S.L., Binder, Labcold Ltd., Global Cooling, Inc., and others.
The Highlights of the Report
Scope of the Ultra-low Temperature Freezers Market
By Degree of Cooling
• North America
o Rest of Asia-Pacific.
o Rest of Europe
• Rest Of the world
o South America & Central America
o The Middle East