Laboratory Freezers Industry estimated to grow at a 4.6% during 2022 to 2030

The market crossed the US$ 4.73 billion mark in 2022 and is expected to hit US$ 6.75 billion by 2030, recording a CAGR of 4.6% during the forecast period.

Recent strategic developments in the laboratory freezer market

The laboratory freezer market has undergone several significant developments, and a few of these have been mentioned below:

• In August 2022, Azenta Inc acquired B Medical Systems S.á r.l and its subsidiaries for approximately $396 million.
• In October 2021, inTest enters medical cold chain market through the acquisition of assets of z-sciences corp. Z-Sciences Corp. is a developer of ultra-cold storage solutions for the medical cold chain market.
• In March 2021, Helmer Scientific launched of GX Solutions Laboratory and Plasma Freezers for vaccines, medications, blood therapies, and sample storage. OptiCool technology GX Solutions are the first professional medical-grade freezers that are optimized for critical healthcare applications through temperature performance, noise reduction, and decreased energy use.
• In June 2021, B Medical Systems partnered with Dr. Reddy's Laboratories to provide cold chain solutions for the Sputnik V vaccine roll-out in India.
• In May 2021, BioLife Solutions, Inc. acquired Stirling Ultracold, a private manufacturer of ultra-low-temperature freezers.
• In February 2021, Follett Products, LLC, a division of The Middleby Corporation, and PHC Corporation of North America announced the formation of a partnership to market and sell the PHCbi line of ultra-low temperature freezers, pharmaceutical grade refrigerators, and biomedical freezers to Follett's healthcare customers.
• The laboratory freezer market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and Thermo Fisher Scientific Inc., LabWare, LabVantage Solutions Inc., Abbott, Waters Corporation, Agilent Technologies, Inc, IDBS, PerkinElmer, Inc., Autoscribe Informatics., Arxspan a Bruker Company, Dassault, Systèmes, RURO Inc., Kinematik are among the prominent players operating in the market.

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Major key players covered in this Laboratory Freezers Market report:
Thermo Fisher Scientific Inc.
LabWare
LabVantage Solutions Inc.
Abbott
Waters Corporation.
Agilent Technologies, Inc
IDBS
PerkinElmer, Inc.
Autoscribe Informatics.
Arxspan a Bruker Company
Dassault Systèmes
RURO Inc.
Kinematik
Others

The report provides the current market size for Laboratory Freezers, defines trends and presents growth forecasts for nine years from 2019 to 2028. 2020 is considered as the base year, and 2021 to 2028 is forecast year for the entire report. All the market numbers for revenue are provided in US dollars. The market is analyzed by the supply side, considering the market penetration of Laboratory Freezers Market for all the regions globally.

Freezers:
Ultra Low Temperature Freezers
Laboratory Freezers
Plasma Freezers
Enzyme Freezers
Explosion-proof Freezers
Flammable Material Freezers

Refrigerators:
Laboratory Refrigerators
Blood Bank Refrigerators
Pharmacy Refrigerators
Flammable Material Refrigerators
Explosion-proof Refrigerators
Chromatography Refrigerators

The scope of the Laboratory Freezers Market Report:
The research report focuses on the current market trends, opportunities, future potential of the market, and competition in the Laboratory Freezers. The study also provides market insights and analysis of the Laboratory Freezers, highlighting the technological market trends, adoption rate, industry dynamics, and competitive analysis of major players in the industry.

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The global Laboratory Freezers Market is segmented based on deployment, component, solution, application, and geography. The segmentation in this research study has been finalized post in-depth secondary research and extensive primary research. In addition, the market is also segmented on the basis of products offered by the leading participants in the industry in order to understand widely used market specific terminologies. Thus, we have incorporated the segments of the research and have finalized the market segmentation.

Major highlights of the report:
• All-inclusive evaluation of the parent market
• Evolution of significant market aspects
• Industry-wide investigation of market segments
• Assessment of market value and volume in past, present, and forecast years
• Evaluation of market share
• Tactical approaches of market leaders
• Lucrative strategies to help companies strengthen their position in the market

Note - The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on 'Laboratory Freezers Market' provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

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Reason to Buy
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Laboratory Freezers Market.
• Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
• The key findings and recommendations highlight crucial progressive industry trends in the Laboratory Freezers Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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