Tag: Ultra-Low Temperature Freezers Market Trend

Ultra-Low Temperature Freezers Market Overview:

The necessity to store temperature-sensitive biological product storage, especially in the ongoing pandemic, is estimated to shape the ultra-low temperature freezers market. The medical device reports are made by Market Research Future, which includes market options for expansion.

According to the MRFR reports, the global ultra-low temperature freezers market is projected to acquire a market size of approximately USD 989.44 million and record a robust CAGR of 5.67% until 2027.

Key Boosters and Challenges

Despite the COVID-19 impact, it is expected that the ultra-low temperature freezers market can perform well in the upcoming years. These freezers offer numerous advantages, including stabilization of delicate and heat-sensitive products without compromising their physical structure as well as chemical properties. Biological and pharmaceutical products including bacteria, viruses, blood, semen and eukaryotic cells are generally stored in ultra-low temperature freezers to maintain their quality. The consistent expansion of the biopharmaceutical and pharmaceutical industries has bolstered the need for industrial equipment, such as ultra-low temperature freezers in manufacturing applications. These factors are also responsible for the increasing spending on R&D activities to accelerate the number of biological samples and drug compounds that require preservation for a long period.

Dearth of blood and blood components happens to be a great concern for the healthcare industry, which boosts the need for their long term and safer storage. Most of the industry contenders are also focusing on developing safe and extremely energy efficient ULT freezers, which could help foster the product demand in research laboratories. Ultra-low temperature freezers’ rising use in research activities to transfer biomaterials in aseptic conditions is also anticipated to favor the global industry in the following years.

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Ultra-Low Temperature Freezers Market Top Companies:

VWR International, LLC(US)

Thermo Fisher Scientific (US)

Eppendorf AG (Germany)

Stirling Ultracold (Greece)

PHC Corporation (US)

Arctiko (UK)

Helmer Scientific (US)

BINDER GmbH (Germany)

Labcold (UK)

Esco Micro Pte Ltd (US)

Ultra-Low Temperature Freezers Market Segmental Analysis:

The global ultra-low temperature freezers market is bifurcated into numerous segments based on type, temperature, application, end-user, and region.

Based on type, the global ULT freezers market is divided into chest and upright.

The global market is split into Negative 87-150 degrees Celsius and Negative 41-86 degrees Celsius by temperature.

Based on application, the global ULT freezers market is bifurcated into drug products, biological samples, blood and blood products, and others.

The global market is split into academic and research settings, hospitals and clinics, bio-banks, and others based on end-user.

Ultra-Low Temperature Freezers Market Regional Overview:

Ultra low temperature freezer market share has been studied with respect to certain regions, namely the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

The America market has been the most lucrative since 2019, thanks to the existence of high quality healthcare services along with the heightened demand for samples that require cold storage. The US market is currently in the lead, mostly due to the presence of a large number of established vendors, thriving healthcare infrastructure and the significant number of R&D activities. The fast adoption of modern technologies and technically innovative laboratory devices also enhances the market share in the region.

Ultra low temperature freezer market growth rate is the highest in APAC, on account of the increasing spending on technological innovations in healthcare and the availability of cheap labor and manufacturing costs. The burgeoning pool of research organizations, subsequent increase in R&D activities as well as scientific researches and the mounting number of pharmaceutical & biotechnology vendors and biobanks also work in favor of the APAC market. Biodiversity paired with growth in unmet needs with respect to disease therapeutics can most likely boost the expansion of the pharmaceutical and biobanks industries, which can mean favorable outcomes for the ultra-low temperature freezers market in the ensuing years.

Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/ultra-low-temperature-freezer-market-1813

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