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Laboratory Freezers Market

Laboratory Freezers Market Size, Share & Segment by Products (Freezers, Refrigerators, Cryopreservation Systems), By End User (Pharmaceutical and Biotechnology Companies, Blood bank, Others), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/HC/1192 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Laboratory Freezers Market Size was valued at USD 4.36 billion in 2021 and is expected to reach USD 5.94 billion by 2028, and grow at a CAGR of 4.5% over the forecast period 2022-2028.

Many blood banks, academic institutions, pharmaceutical and biotechnological corporations, and others utilize laboratory freezers to store medical equipment, devices, organs, and other items. Thermal insulation technology is used in laboratory freezers to assist maintain a cold environment by converting heat from the surrounding environment.

Laboratory Freezers Market

One of the primary drivers driving the market's growth is an increase in public-private funding for target research initiatives, combined with an increase in the prevalence of infections. Another factor driving market expansion is the increasing demand for organ transplant treatments.

Increasing technological progress and innovation of new medical devices and instruments, an increase in the number of product launches, increased government support for research and testing, rising government funding, and the real potential of emerging markets will all contribute to lucrative market growth opportunities.

MARKET DYNAMICS

DRIVERS

  • The need for blood and blood components is increasing.

RESTRAINTS

  • Refurbished laboratory freezers are becoming increasingly popular.

OPPORTUNITIES

  • Developing vaccines for new infectious illnesses

CHALLENGES

  • Lack of knowledge about the importance of specialist laboratory freezers and refrigerators

IMPACT OF COVID-19

There is a continuing slowdown in the healthcare business due to the global epidemic of COVID-19 and the forced lockout. The primary players were considering how to modify their strategy to the quickly changing circumstances. COVID-19 is projected to have substantial long-term consequences for the healthcare business, which is bad news. Countries and important actors would be forced to make significant healthcare changes until the situation is resolved. In the not-too-distant future, technological advancements, cost containment, and expanded access will all be part of healthcare reform. However, because many healthcare providers are experimenting with video conferencing and phone calls, this segment's growth will skyrocket in the next two years.

COVID-19 is thought to have had a rather beneficial and possibly long-term impact on the laboratory freezers market. Even if the COVID-19 vaccine proves successful without the need for repeated booster doses, demand for lab freezers would stay stable in this scenario, following a pattern similar to the pre-pandemic scenario. This could be due to the rise in vaccine trials fueled by rising investments, an increase in the number of surgical procedures performed (such as organ transplants), and an increase in global blood donations.

By Product:

Freezers, refrigerators, and cryopreservation equipment make up the laboratory freezer market. The freezers category held the greatest share of the market in 2020. A substantial proportion of this market can be ascribed to their use in pharmaceutical and biotechnology businesses, academic and research organizations, and medical laboratories and hospitals to support vaccine development and to store test samples.

By End User:

The increasing prevalence of blood illnesses such as sickle-cell anemia, blood cancer, and haemophilia primarily drives the demand for whole blood and blood components. Plasma freezers are in high demand in blood banks due to rising demand for plasma from biopharmaceutical companies for use in plasma fractionation operations.

COMPETITIVE LANDSCAPE

Ther are some of the major key players are as: Thermo Fisher Scientific, Haier Biomedical, PHC Corporation, Philipp Kirsch Gmbh, Cole-Parmer India Pvt. Ltd., Cryo Scientific Systems Pvt Limited, ACMAS Technologies (P) Ltd, Stericox Sterilizer Systems India, Cool Wind Scientific Systems, Nordic Lab, and other players.

MARKET SEGMENTATION:

By Products

  • Freezers

    • Ultra Low Temperature Freezers

    • Enzyme Freezers

    • Laboratory Freezers

    • Plasma Freezers

    • Explosion-proof Freezers

    • Flammable Material Freezers

  • Refrigerators

    • Laboratory Refrigerators

    • Chromatography Refrigerators

    • Flammable Material Refrigerators

    • Blood Bank Refrigerators

    • Pharmacy Refrigerators

    • Explosion-proof Refrigerators

  • Cryopreservation Systems

By End User

  • Pharmaceutical and Biotechnology Companies   

  • Blood Bank                                 

  • Others

Laboratory Freezers Market

REGIONAL ANALYSIS

North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa are just a few of the regions represented. In 2020, the Laboratory Freezers market was dominated by North America. The high healthcare spending in the United States and Canada, as well as the expanding R&D spending on pharmaceuticals and biotechnology in this region, account for the big proportion of this geographical category. The region's huge number of laboratory freezer and refrigerator producers additionally helps to drive market expansion.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Laboratory Freezers Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 4.36 Billion
Market Size by 2028 US$ 5.94 Billion
CAGR CAGR of 4.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Products (Freezers, Refrigerators, Cryopreservation Systems)
• By End User (Pharmaceutical and Biotechnology Companies, Blood bank, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Thermo Fisher Scientific, Haier Biomedical, PHC Corporation, Philipp Kirsch Gmbh, Cole-Parmer India Pvt. Ltd., Cryo Scientific Systems Pvt Limited, ACMAS Technologies (P) Ltd, Stericox Sterilizer Systems India, Cool Wind Scientific Systems, Nordic Lab, and other players.
DRIVERS • The need for blood and blood components is increasing.
RESTRAINTS • Refurbished laboratory freezers are becoming increasingly popular.


Frequently Asked Questions (FAQ) :

Laboratory Freezers Market Size was valued at USD 4.36 billion in 2021 and expected to reach USD 5.94 billion by 2028, and grow at a CAGR of 4.5% over the forecast period 2022-2028.

Segments of the laboratory freezers market are By Products, and By End User

Key drivers of the Laboratory Freezers Market is the need for blood and blood components is increasing.

Freezers, Refrigerators, and Cryopreservation Systems are the sub-segments of by-product.

Top-down, bottom-up, Quantitative, Qualitative Research, Descriptive, Analytical, Applied, Fundamental Research.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine ware

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Laboratory Freezers Market Segmentation, by Products

8.1 Freezers

8.1.1 Low Temperature Freezers

8.1.2 Enzyme Freezers

8.1.3 Laboratory Freezers

8.1.4 Plasma Freezers

8.1.5 Explosion-proof Freezers

8.1.6 Flammable Material Freezers

8.2 Refrigerators

8.2.1 Laboratory Refrigerators

8.2.2 Chromatography Refrigerators

8.2.3 Flammable Material Refrigerators

8.2.4 Blood Bank Refrigerators

8.2.5 Pharmacy Refrigerators

8.2.6 Explosion-proof Refrigerators

8.3 Cryopreservation Systems

 

9. Laboratory Freezers Market Segmentation, By End User

9.1 Pharmaceutical and Biotechnology Companies

9.2 Blood Bank.

9.3 Others

 

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3   Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4   Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5   The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6   Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

 

11. Company Profiles

11.1 Thermo Fisher Scientific

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Haier Biomedical

11.3 PHC Corporation

11.4 Philipp Kirsch Gmbh

11.5 Cole-Parmer India Pvt. Ltd.

11.6 Cryo Scientific Systems Pvt Limited

11.7 ACMAS Technologies (P) Ltd

11.8 Stericox Sterilizer Systems India

11.9 Cool Wind Scientific Systems

11.10 Nordic Lab.

 

12. Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share analysis

12.3 Recent Developments

 

13. Conclusion

 

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Secondary Research

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