Ultra-low Temperature Freezers Market : Eminent Players – VWR International, Stirling Ultracold, EVERmed, Arctiko, ESCO MICRO, Azbil Corporation, Helmer Scientific, Haier, Panasonic Healthcare, Thermo Fisher Scientific and Binder

Ultra-low Temperature Freezers Market was valued around USD 150 million in 2016 and is projected to witness growth of over 4.5% CAGR from 2017 to 2024; according to a new research report by Global Market Insights, Inc.

The field of medical science has indeed witnessed robust expansion lately, providing a significant impetus to ultra-low temperature freezers market trends. Extensive research involving samples that require meticulous storage has led to an upsurge in product demand, spurring ultra-low temperature freezers industry size. Since the last decade, numerous studies are being carried out to solve the mysteries of incurable diseases like cancer and AIDS that have threatened the well-being of the global population. In consequence, collected samples for tests and clinical trials need to be stored in appropriately low temperatures to maintain their original state for extended periods. This requirement thus, ultimately has helped reshape the dynamics of ultra-low temperature freezers industry. Exponential improvement in testing technologies has also triggered widespread pursuit of genomic research in order to resolve unknown queries related to the human DNA and genetics, further stimulating ultra-low temperature freezers market share.

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Massive exploration in the medical field is rapidly phasing out chlorofluorocarbons that have been damaging the earth’s stratospheric layer. In consequence, firms partaking in the ultra-low temperature freezers market share have come up with specially designed products for sophisticated testing and are equipped with CFC free cooling compressors. Thus, this business sphere is also contributing to lowering atmospheric pollution in spite of the fact that the power consumption of ultra-low temperature freezers is rather high. The cooling compressors on ultra-low temperature freezers are designed with washable condense filters and aerodynamic fans that help in keeping out dirt and dust. This has enabled greater preference for these products in critical medical situations, boosting ultra-low temperature freezers market share.

Maintaining low temperatures is rather important for the storage of chemicals, blood, tissue culture and other clinical trial samples that are required for various industrial and medical purposes. As these freezers maintain temperatures lower than -60°C, in addition to maintaining variable low temperatures whenever required, ultra-low temperature freezers industry has witnessed tremendous expansion in recent times. Thus, these products not only help in halting the chemical processes that would naturally occur in organic samples causing degradation, but also facilitate the usage of products even after they have been left in the freezer for as long as 25 years, providing further impetus to ultra-low temperature freezers market size.

In 2016, blood and blood products accounted for the largest share in ultra-low temperature freezers industry. This growth can be primarily credited to the rising awareness regarding blood donation and requirement of blood storage in ultra-low temperatures.

The year 2012 brought in a change of dynamics in ultra-low temperature freezers market, when Hurricane Sandy badly affected the East Coast. Apparently, numerous research professionals had then packed research samples on dry ice for safe keeping. Considering the paramount importance these samples hold, it is undeniable that ultra-low temperature freezers industry size would be majorly stimulated by the indispensability this product has acquired in medical laboratories, hospitals and pharmacies.

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The rapid growth of ultra-low temperature freezers industry can also be credited to major technological developments such as the integration of diagnostic systems in freezers that warn users when the freezer is not operating optimally. Another advancement contributing toward impelling the popularity matrix of this business space is the launch of freezers that use two separate compressors functioning independently, continuing to maintain constant temperature even if one of them fails completely. Players partaking in ultra-low temperature freezers market are also looking forward to enhancing energy consumption by developing freezers that consume 15% less energy. In spite of the high price of these products, increasing investments through both public and private sectors toward drug discovery and development are certain to stimulate ultra-low temperature freezers market outlook over 2017-2024.

Report Content

Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition and forecast parameters
1.2. Data Sources
1.2.1. Secondary
1.2.2. Primary

Chapter 2. Executive Summary
2.1. Ultra-low temperature freezers industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Type trends
2.1.3. Application trends
2.1.4. Technology trends
2.1.5. Regional trends

Chapter 3. Ultra-low Temperature Freezers Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Advances in drug discovery & development
3.3.1.2. Increasing genomics research activities
3.3.1.3. Increasing investment by public and private organizations in U.S
3.3.2. Industry pitfalls & challenges
3.3.2.1. Regulatory issues in U.S. and Europe
3.3.2.2. High associated cost in developed countries of North America and Europe
3.4. Overview of biobanks
3.4.1. Type of biobanks
3.4.2. Biobank by size
3.5. Pricing analysis
3.6. Growth potential analysis
3.6.1. By type
3.6.2. By application
3.6.3. By technology
3.7. Regulatory landscape
3.7.1. U.S.
3.7.2. Europe
3.7.3. MEA
3.8. Porter’s analysis
3.9. Competitive landscape, 2016
3.9.1. Major industry players
3.9.1.1. U.S.
3.9.1.2. Europe
3.9.1.3. MEA
3.9.2. Competitive market positioning
3.9.2.1. Leading brands by volume
3.9.2.2. Leading brands by value
3.9.3. Company strategic initiatives
3.9.4. Type landscape (brands/features)
3.9.5. Trend/SWOT analysis
3.9.6. Company strategy dashboard
3.10. PESTEL analysis

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com

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