Ultra-low temperature freezers (ULT freezers) are the type of bio-freezers that utilized for the preservation of viruses, bacteria, drugs, enzymes, chemicals, cell preparations and tissue samples among others. They generally have a temperature range of – 45C to – 86C. There are majorly two types of ULT freezers; Upright and Chest ULT freezers.
The Global Ultra-Low Temperature Freezer Market is expected to reach USD 701.4 million by the end of the forecasted period and is expected to grow at a CAGR of 2.7%.
The Ultra-Low Temperature Freezer Marketis growing with increasing need of development in biomedical industry. Moreover, in recent years the investment for biomedical R&D by Asian countries like china, South Korea, India, Japan and others subsequently increased when compared to North America and Europe. This shows that the ULT freezers market is expected to grow at fastest rate in the Asia region with most of the development countries.
Furthermore, the manufacturers are keen in developing the existing ULT freezers. The companies like Thermo Fishers and Panasonic Healthcare have developed more energy efficient ultra-low temperature freezers that could save more than 20% of the energy consumed by the ULT freezers. With these developments the market for ULT freezers is expected grow increase exponentially.
Global Ultra-Low Temperature Freezer Market – Key Players
Some of the key players in this market are:
- Panasonic Healthcare Corporation of North America
- VWR International
- Helmer Scientific
- Eppendrof AG
- Thermofisher Scientific Inc.
Global Ultra-Low Temperature Freezer Market – Segments
Global Ultra-Low Temperature Freezer Market has been segmented based on type which comprises of upright ULT freezers, chest ULT freezers. Based on end user; market is segmented into bio-banks, hospital, academic & research institute and others
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Global Ultra-Low Temperature Freezer Market – Regional Analysis
Globally North America is the largest market for ultra-low temperature freezer. The North American market for Ultra-low temperature freezer is expected to reach at USD 393.9 Million by the end of the forecasted period.
Europe is the second-largest market for ultra-low temperature freezer which is expected to grow at a CAGR of 2.8%. Asia pacific region is expected to be fastest growing region in Ultra-low temperature freezer market.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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