The market for ultra-low temperature freezers is projected to increase by 1.5 times between 2021 and 2031, reaching US$ 782.98 Mn. In 2021, the market is anticipated to generate US$ 509.09 Mn. Hospitals are anticipated to purchase 2 out of every 5 of these freezers during the ensuing ten years, making them the primary end users.
The historical period from 2016 to 2020 saw a CAGR of about 4% for the market. The expansion of R&D efforts among key rivals and government support for clinical trials have both helped the ultra-low temperature freezer industry flourish.
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Why are Upright ULT Freezers in High Demand?
Upright ultra-low temperature freezers will probably account for over 60% of market share by product type, mostly due to rising demand for blood component storage in hospitals, blood banks, etc.
Additionally, upright ULT freezers take up less room on the floor than chest freezers do. The ease of access to the stored goods provided by upright freezers’ design is another element contributing to their strong demand.
Key Players
- Eppendorf AG
- Helmer Scientific
- Panasonic Healthcare Corporation
- Thermo Fisher Scientific
- Arctiko A/S
- Bionics Scientific Technologies (P) Ltd
- Glen Dimplex
- Haier Biomedical
- LABCOLD
- Remi Group
Why Hospitals to Remain Major Shareholders of Ultra-Low Temperature Freezers?
According to predictions, hospitals will hold a 40% share of the global ULT freezer market. The primary factor is the increased demand for medical storage of numerous materials, such as blood components, chemicals, enzymes, etc.
Manufacturers emphasise producing top-notch freezers because hospitals are the primary POCs for all clinical research. A new series of ECO Vaccine Refrigerators & Laboratory Freezers (-30o C/-40o C) for use in hospitals, for instance, was introduced by PHCbi in 2020.
Since hospitals, blood banks, and other institutions increasingly need to keep blood components, upright ultra-low temperature freezers are expected to account for over 60% of the market.
Additionally, compared to chest freezers, upright ULT freezers take up less space on the floor. Another factor supporting upright freezers’ high demand is the design’s provision of simple access to the contents it stores.
This global Ultra-Low Temperature Freezers industry research analysis includes industry share, size, consumption, cost, revenue, CAGR, production, gross margin, and market influencing factors. This research is a complete numerical examination of a firm that provides data for generating market growth and success strategies.
The study provides industry size, revenue, gross margin, price, and market share estimations, as well as cost structure and decision-making growth rates. It offers a comprehensive analysis of the market, covering data on several factors such as drivers, constraints, opportunities, and threats. This data can assist stakeholders in making informed decisions prior to investing.
Secondary research comprises an in-depth investigation of stock prices, retail transactions, and other relevant facts. Domestic and global politics, new buying patterns, composite economic predictions, technical breakthroughs, and the environmental implications of the Ultra-Low Temperature Freezers sectors are all thoroughly examined.
Furthermore, it contains a specialized segmentation focusing on a number of categories, allowing for a comprehensive examination of any consumer goods. Similarly, the study estimates Ultra-Low Temperature Freezers market share based on existing and predicted market growth.
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This research gives extensive market knowledge with leading profiles in the Ultra-Low Temperature Freezers market. It contains data that has been verified using a limited number of research approaches and primary or secondary sources.
Elements including drivers, share, size, market revenues, potential and problems, important players, domination nations, changing Ultra-Low Temperature Freezers market dynamics, economic instability, and other competitive features are thoroughly recognized by experts SWOT, PESTEL, primary and secondary research procedures, and different analytic procedures are used to develop the consumer study.
The thesis includes a wide range of themes, such as important product offers, industry history, important statistics, risk analysis, marketing and sales strategies, product growth, recent advancements and new product releases, innovation and progress, and a variety of Ultra-Low Temperature Freezers business practices.
Key Segments Covered
- Type
- Upright Ultra-low Temperature Freezers
- Floorstanding
- Benchtop/Undercounter
- Chest Ultra-low Temperature Freezers
- Upright Ultra-low Temperature Freezers
- Degree of Cooling
- -41 to -86 Celsius
- -87 to -150 Celsius
- Application
- Blood & Blood Products
- Flammable Materials
- Biological Samples
- Drug Compounds
- Others
- End User
- Biobanks
- Hospitals
- Pharmaceutical and Biotechnology Companies
- Academic and Research Institutes
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Key Points Covered in the Ultra-Low Temperature Freezers Report:
• The Ultra-Low Temperature Freezers market study often examines important trends, risks and incentives, components, industry conditions, and difficulties in the global market.
• The report employed a variety of data and graphs to present a more complete picture of the Ultra-Low Temperature Freezers market.
• The global analysis contained a preliminary assessment of the industry’s size as well as a full review of the sector.
• This research gives a fast snapshot of the current situation of worldwide regions. The Ultra-Low Temperature Freezers report includes top sellers, unions, stores, malls, and enterprises.
• The report also contains comprehensive insights into the market segmentation.
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