Laboratory Freezers Market by Product(Cryopreservation, Plasma Freezer, ExplosionProof Freezer, Enzyme Freezer, Ultra-Low Freezer, Blood Bank Refrigerator, Pharmacy Refrigerator, Chromatography Refrigerator), End User(Hospitals)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027

The global Laboratory Freezers market gathered revenue around USD 3.9 Billion in 2020 and market is set to grow USD 7.8 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 5.2% during the prediction period 2021 to 2027.

Laboratory Freezers Market Size 2020 to 2027

Growth Factors:

The market Laboratory freezers are used in laboratories and in research laboratories. These freezers have to meet specific requirements with regards to safety and temperature consistency. These are, therefore, provided with several features and functions to ensure maximum storage of critical chemicals, sensitive samples, and research materials. An electronic controller enables to create optimum storage conditions such as highly effective insulation, dynamic cooling system, and accurate temperature setting. Enzyme freezer comprises a microprocessor which has a control with large digital display and has accuracy of 1 °C. A plasma freezer is used in cryoprecipitation of antihemophilic of whole blood. Explosion proof refrigerators are designed to store flammable liquids and hazardous chemical substances to reduce the risk of explosion outside and inside the cabinet. Flammable material storage freezers are also equipped to reduce the risk of explosion in the cabinet while storing volatile materials and flammable chemicals. A laboratory freezer is used for storage of volatile chemicals, industrial-grade compounds that will explode if exposed to atmosphere, and vaccines & blood samples. Ultra-low temperature freezers are used to store DNA/RNA, autopsy materials, plant samples & insect artifacts, tissues & plasma, blood, chemicals, antibiotics, and drugs.

The global laboratory freezers market is driven by technical augmentation, increase in the geriatric population, infrastructural upgrade at research laboratories, and rise in medical tourism. However, high cost of digital equipped freezers is expected to restrain the global laboratory freezers market.

The global laboratory freezers market can be segmented based on product type and end-user. In terms of product type, the global laboratory freezers market can be classified into freezers, cryopreservation systems, and refrigerators. The freezers segment can be categorized into enzyme freezers, explosion-proof freezers, plasma freezers, flammable material freezers, ultra-low temperature freezers, and laboratory freezers. Enzyme freezers are used to preserve enzymes because exposure to too much heat can cause structural deformations or melting. Explosion-proof freezers lower the threat of explosion outside and inside of the cabinet when hazardous chemicals and volatile materials are stored. Plasma freezers have a digital microprocessor controller with visual and audio alarms, thick insulation. Flammable material freezers reduce the risk of explosion inside the cabinet while storing volatile materials and flammable chemicals. Ultra-low temperature freezers are equipped to preserve all biological samples at temperatures ranging from -86 °C to -150 °C. Laboratory freezers are energy efficient and have high performance to meet the stringent standards of biotechnology, life sciences and industrial laboratories samples. The refrigerators segment can be divided into flammable material refrigerators, chromatography refrigerators, explosion-proof refrigerators, pharmacy refrigerators, blood bank refrigerators and laboratory refrigerators.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Laboratory Freezers market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Laboratory Freezers market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

Report Coverage

Report Scope Details
Market Size USD 7.8 Billion by 2027
Growth Rate CAGR of 5.2% From 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Historic Data 2017 to 2020
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends
Segments Covered Products, End Users and Region
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned  Eppendorf AG, Haier Biomedical, Thermo Fisher Scientific, Inc., Helmer Scientific, PHC Holdings Corporation, Liebherr (Switzerland), Middleby Corporation, Felix Storch, Inc., BioLife Solutions, Inc., Blue Star Limited, B Medical Systems, Philipp Kirsch GmbH.

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Laboratory Freezers market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Some of the prominent players in the Laboratory Freezers Market include:  Eppendorf AG, Haier Biomedical, Thermo Fisher Scientific, Inc., Helmer Scientific, PHC Holdings Corporation, Liebherr , Middleby Corporation, Felix Storch, Inc., BioLife Solutions, Inc., Blue Star Limited, B Medical Systems, Philipp Kirsch GmbH, Avantor, Inc., Standex International Corporation, Vestfrost Solutions A/S.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Laboratory freezers Market, By Products

  • 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
  • Cryopreservation Systems

·       End User

               Blood Banks                                                                                    

               Pharmaceutical and Biotechnology Companies                                         

 

               Others

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Laboratory Freezers market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Laboratory Freezers market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Laboratory Freezers markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

  • CEOs, VPs, market intelligence managers
  • Procuring and national sales managers technical personnel, distributors and resellers
  • Research analysts and key opinion leaders from various domains

Key Points Covered in Laboratory Freezers market Study:

  • Growth of Laboratory Freezers in 2021
  • Market Estimates and Forecasts (2017-2027)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for Laboratory Freezers and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  Laboratory Freezers Consumption Analysis
  •  Laboratory Freezers Production Analysis
  •  Laboratory Freezers and Management