Ultra-Low Temperature Freezers Market to Expand Substantially by 2030 as Demand for Blood Storage and R&D Facilities Increases

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Ultra-Low Temperature Freezers Market- by Types (Chest Freezers, Upright Freezers, and Other Types), Technology (Automated and Semi-automated), Applications (Blood and blood products, Organs, Pharmaceuticals, Forensic and Genomic Research, and Other Applications), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

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According to the latest research by InsightAce Analytic, the global Ultra-Low Temperature Freezers market is valued at US$ 558.13 Million in 2021, and it is expected to reach US$ 904.08 Million by 2030, with a CAGR of 5.8 % during a forecast period of 2022-2030.

Ultra-low freezers are specialized bio-cooling devices designed to preserve biological materials such as drugs, bacteria, viruses, chemicals, enzymes, cell preparations, and tissue samples. These freezers, which operate at temperatures ranging from -45°C to -86°C, play a crucial role in safeguarding organs, blood samples, and pharmaceuticals. They are widely utilized in the medical sector, as well as in research and development settings, particularly for clinical testing, drug discovery, and blood bank storage by pharmaceutical companies.

The growing prevalence of infectious diseases and cancer is a key driver of market growth. The demand for ultra-low temperature freezers is expected to rise significantly in the coming years, fueled by increasing requirements for blood and blood component storage, expanding R&D efforts aimed at launching new medicinal products, and increased government support for research and clinical trials. Furthermore, the rising investment in life sciences R&D, particularly in areas such as infant medications and vaccines, is anticipated to further propel market expansion. The increasing adoption of personalized medicines is also expected to boost investments in life sciences, driving higher demand for ultra-low freezers. Additionally, the growing need for pharmaceutical storage facilities in blood banks, academic and research institutions, and hospitals, coupled with heightened public awareness of organ and blood donation initiatives, will contribute to the growth of the ultra-low temperature freezer market.

North America is projected to be the leading contributor to the ultra-low temperature freezer market, driven by the presence of numerous industry leaders and significant investments in freezing technology. The United States holds the largest share of the global market, supported by substantial investments from both public and private sectors to meet the growing demand for product storage. Meanwhile, the Asia Pacific market for ultra-low temperature freezers is expected to experience robust growth due to the increasing number of hospitals and biobanks in the region. Additionally, the rise in R&D activities and the growing presence of pharmaceutical and biotechnology companies are expected to further stimulate market expansion.

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Major market players operating in the Ultra-Low Temperature Freezers market include
Binder, Arctiko, Eppendorf,Azbil Corporation, Helmer Scientific, EVERmed, Haier, Panasonic Healthcare Corporation of North America, Stirling Ultracold, VWR International (Avantor, Inc.), ESCO MICRO PTE, PHC Corporation, Thermo Fisher Scientific, Global Cooling Inc., Glen Dimplex, REMI GROUP, LABCOLD, B Medical System, Biobase China, Fiocchetti, Nüve, KW Apparecchi Scientifici, NuAire Laboratory Equipment, Froilabo - Firlabo, B. Science Global Apps, OVAN, Thalheimer Kuehlung, Z-SC1 Biomedical Corp, Nor-Lake, Across International LLC, and Other Prominent Player.

Recent collaborations and agreements in the market:
• In July 2021, PHC Corporation debuted new sliding door pharmaceutical refrigerators and refrigerators with freezers. These projects have inverter compressors and CFC-free natural refrigerant and are intended for use in research programs and medical institutions.
• In March 2021, Thermo Fisher Scientific Inc. introduced the Thermo Scientific Aerosol Sense Sampler. It is a revolutionary surveillance system designed to provide instant and accurate information on the presence of SARS-CoV-2 and in-air infections.
• In May 2020, Esco CelCulture® with CCL-HHS was introduced as a new Incubator of CO2 with High Heat Sterilization. This innovative incubator effectively eliminates bacterial spores, and resistant vegetative cells and adapts a dry heat sterilising system of up to 180°C.

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Market Segments
Global Ultra-Low Temperature Freezers Market, by Types, 2022-2030 (Value US$ Mn)
• Chest Freezers
• Upright Freezers
• Other Types
Global Ultra-Low Temperature Freezers Market, by Technology, 2022-2030 (Value US$ Mn)
• Automated
• Semi-automated
Global Ultra-Low Temperature Freezers Market, by Applications, 2022-2030 (Value US$ Mn)
• Blood and blood products
• Organs
• Pharmaceuticals
• Forensic and Genomic Research
• Other Applications
Global Ultra-Low Temperature Freezers Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Ultra-Low Temperature Freezers Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Ultra-Low Temperature Freezers Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Ultra-Low Temperature Freezers Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Ultra-Low Temperature Freezers Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Ultra-Low Temperature Freezers Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global Ultra-Low Temperature Freezers market
 To receive an industry overview and future trends of the Ultra-Low Temperature Freezers market
 To analyze the Ultra-Low Temperature Freezers market drivers and challenges
 To get information on the Ultra-Low Temperature Freezers market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the Ultra-Low Temperature Freezers market industry

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This release was published on openPR.