Ultra-low Temperature Freezers Market 2018: Exploration on Eminent Players | Panasonic Healthcare, Thermo Fisher Scientific, Binder, Helmer Scientific, Haier, Eppendorf, Azbil Corporation, VWR International, Stirling Ultracold, EVERmed, Arctiko and ESCO M

Ultra-low Temperature Freezers Market was valued around USD 150 million in 2016, growing at 4.5% CAGR and it is anticipated to witness a remarkable growth from 2018 to 2024.

Ultra-low temperature freezers market will observe a significant growth due to increasing genomic research activities to study the contribution of genetics to various human diseases. Increasing need to understand human genetics to improve the quality of diagnosis and treatment of diseases will increase the demand for storage of biological samples in research universities, blood banks, medical centers, hospitals and in forensic labs for long-term evidence storage.

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Technological advancements in ultra-low temperature freezers such as maximized storage capacity, reduced toxicity, low flammability and low global warming potential over conventional freezers will fuel the market growth. Future innovations in freezer technology for the development of alternative safe, effective freezers and growing need for storing samples for research activities will stimulate the growth of ultra-low temperature freezers market.

Regulatory issues in U.S. and Europe will hamper the growth of the ultra-low temperature freezers market. The ultra-low temperature freezer industry is using highly efficient, but flammable refrigerants such as R270 Propane and R170 Ethane. France and U.S. do not allow the utilization of flammable refrigerants in spite of being in use for many years across the world. ULT freezers making use of flammable refrigerants are not yet available in the United States due to regulatory restrictions.

Better storage capacity and high cost effectiveness offered by chest freezers will stimulate the growth of ultra-low temperature freezers over the forecast period. Chest freezers are more energy efficient, less expensive and provide high performance as compared to upright freezers. New technological advancements to decrease power consumption and enhance accessibility will fuel the segment growth.

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Pharmacies, laboratories and hospitals use ultra-low temperature freezers for storing pharmaceuticals, medicines and biological samples to prevent them from quality degradation and contamination. Investments made by private and public players for research and development activities will lead to growth opportunities in the industry. Rising demand of medicines for advanced treatments coupled with increasing healthcare expenditure will propel the segment growth.

Automated ultra-low temperature freezers dominated the market in 2016 owing to the increasing adoption in laboratories and biobanks coupled with advantages such as reduced time for storage and recovery of samples. Automated ultra-low temperature freezers are used for depositing biological samples and compounds, such as stem cells, plasma, proteins, serum, and bacterial clones that will drive the automated technology segment.

U.S. dominated the ultra-low temperature freezers market in 2016 due to rising acceptance of ultra-low temperature freezers and increasing genomic research activities. Number of efforts undertaken by U.S. Department of Energy (DOE) and U.S. Environmental Protection Agency (EPA’s) to increase the adoption of ultra-low temperature freezers will lead to industry growth.

Some of the key industry players are Helmer Scientific, Panasonic Healthcare Corporation of North America, VWR International, Eppendrof AG, Haier, Thermofisher Scientific Inc. and others. The strategies adopted by the industry players are partnerships, acquisitions and strategic collaborations to maintain their market position and to widen their business portfolio.

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

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