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Global Laboratory Freezers Market Size, By Products(Freezers, Refrigerator, Cryopreservation), By End User(Blood Banks, Pharmaceutical and Biotechnology Companies) Forecasts 2017 - 2028

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Published on 10/26/2021| Code: CMM460001| Category: Heavy Industry| Total Pages: 102

Global laboratory freezers market- Description

Laboratory freezers are referred to as the refrigerated cabinets specifically designed to store biological specimens and other sensitive samples at temperatures ranging between -40 ºC and 10 ºC. These freezers have a thermally insulated compartment and a mechanical, electronic or chemical heat pump. The heat pump is one of the vital constituents of a lab freezer as it is equipped with the ability to transmit internal device heat to the external environment. This in turn aids in keeping the freezer temperature below the freezing point of water.

Laboratory freezers are predominantly used in pharmaceutical & biotechnological companies, academic institutions, hospitals, and blood banks, among others.

Global laboratory freezers market- Overview

The global laboratory freezers market is presently valued at USD 4.7 billion and is poised to amass a valuation of USD 7.10 billion by 2030, expanding at a CAGR of 5.30% over the assessment period of 2022-2030. The escalating demand for blood components for transfusion and support in cancer therapy is primarily stimulating the industry outlook. Alongside, rising number of surgical procedures and growing expenditure in healthcare infrastructure are fueling the market growth.

Additionally, widespread adoption of advanced IT healthcare technologies and growing demand for organ transplant procedures are aiding the industry expansion. Besides, surging government initiatives to support research & development activities in the field is creating lucrative opportunities for the market to prosper.

Moreover, increase in geriatric population, rise in medical tourism, and infrastructural upgrades at research laboratories across various regions are positively swaying the market dynamics.

On the flipside, high investment and maintenance costs pertaining to laboratory freezers is hampering the market remuneration scope. Also, the growing adoption of refurbished laboratory freezers is likely to impede the market progression in the ensuing years.

Global laboratory freezers market- Key Trends

Growing prevalence of cancer to aid market expansion

There has been a steep rise in cancer cases across the globe. This is driven by a wide array of factors including unhealthy lifestyle, pollution, and age, among others. Patients diagnosed with leukemia or other forms of blood cancer require a large amount of blood during the treatment procedures. This in turn has accelerated the demand for laboratory freezers for the efficient storage of blood components.

Vaccine development for emerging infectious ailments to boost market development

There has been a massive surge in vaccine development activities owing to the emergence of numerous infectious diseases. In fact, the ongoing COVID-19 pandemic has necessitated the administration of effective vaccines to shield the people from the deadly coronavirus infection. The necessity of storing vaccines at low temperatures at the time of their development and distribution has created massive demand for laboratory refrigerators.

Global laboratory freezers market- Segment Analysis

By Product

  • Freezers
    • Flammable Material Freezers
    • Shock Freezers
    • Plasma Freezers
    • Enzyme Freezers
    • Explosion-proof Freezers
    • Undergraduate Laboratory Freezer
    • Ultra-low temperature freezer
  • Refrigerator
    • Chromatography Refrigerators
    • Blood Bank Refrigerators
    • Flammable Material Refrigerators
    • Explosion-proof Refrigerators
    • Pharmacy Undergraduate Refrigerators
  • Cryopreservation

The freezers segment is poised to capture a significant revenue share by 2030 owing to their capability of providing favorable temperature for the effective storage of sensitive medical test samples and vaccines.

By End-User

  • Blood Banks
  • Pharmaceutical and Biotechnology Companies
  • Others

The blood banks segment is projected to register notable gains over the stipulated timeline ascribing to the growing prevalence of blood disorders and rising road accidents.

Global laboratory freezers market- Geographical Landscape

From the geographical frame of reference, the industry vertical is divided into North America, Middle East & Africa, Latin America, Asia Pacific, and Europe. Among these, North America is expected to showcase lucrative expansion trends over 2022-2030 attributing to the rising healthcare expenditure and strong presence of prominent players in the region.

Global laboratory freezers market- Competitive Intelligence

The competitive framework of this business sphere is defined by prominent companies such as Blue Star Limited, BioLife Solutions, Inc., Eppendorf AG, Felix Storch, Inc., Thermo Fisher Scientific, Inc., The Middleby Corporation, Helmer Scientific, Inc., PHC Holdings Corporation, The Liebherr Group, Haier Biomedical, Avantor, Inc., Jeio Tech, Refrigerated Solutions Group, Standex International Corporation, Vestfrost Solutions A/S, Philip Kirsch GmbH, and Glen Dimplex Medical Appliances.

Notably, in April 2019, Smith and Nephew announced the acquisition of Osiris Therapeutics for USD 660 million to boost the company’s advanced wound management franchise.

Report Scope

Global laboratory freezers market- Historical Years- 2018-2021

Global laboratory freezers market- Forecast Years- 2022-2030

Global laboratory freezers market 2022- USD 4.7 billion

Global laboratory freezers projected market 2030- USD 7.10 billion

Global laboratory freezers market CAGR- 5.30%

Key segments reported-

  • By Products (Cryopreservation, Refrigerator, and Freezers)
  • By End User (Blood Banks, and Pharmaceutical & Biotechnology Companies)

Major regions and countries covered-

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia, and Spain)
  • Asia Pacific (China, Japan, India, South Korea, and Australia)
  • Latin America (Brazil, Argentina and Colombia)
  • Middle East and Africa (South Africa, GCC, and Egypt)

Prominent players profiled- Blue Star Limited, BioLife Solutions, Inc., Eppendorf AG, Felix Storch, Inc., Thermo Fisher Scientific, Inc., The Middleby Corporation, Helmer Scientific, Inc., PHC Holdings Corporation, The Liebherr Group, Haier Biomedical, Avantor, Inc., Jeio Tech, Refrigerated Solutions Group, Standex International Corporation, Vestfrost Solutions A/S, Philip Kirsch GmbH, and Glen Dimplex Medical Appliances.

1 Executive Summary
1.1.    Global Laboratory Freezers Market Snapshot
1.2.    Global Laboratory Freezers Market Taxonomy
1.3.    Global Laboratory Freezers Introduction

2 Market Dynamics
2.1.    Drivers
2.2.    Restraints
2.3.    Opportunities
2.4.    Recent Trends
2.5.    PROTER’S Five Analysis
2.6.    PEST Analysis
2.7.    COVID-19 Impacts on industry

3 Global Laboratory Freezers Market overview
3.1.    Global Laboratory Freezers Market Value (US$ Mn), 2016-2028
3.2.    Global Laboratory Freezers Market Incremental $ Opportunity, 2016-2028

3.3.    Global Laboratory Freezers Market Outlook, By Type
3.3.1. Global Laboratory Freezers Market share % by Type, 2016-2020-2028
3.3.2. Global Laboratory Freezers Market Value forecast US $Mn , By Type, 2016-2028
3.3.3. Global Laboratory Freezers Market Y-O-Y %, By Type, 2017-2028
3.3.4. Global Laboratory Freezers Market Value (US$ Mn) Table, By Type, 2016-2028
3.3.5. Global Laboratory Freezers Market Value (US$ Mn), By Freezers Type, 2016-2028
3.3.6. Global Laboratory Freezers Market Value (US$ Mn), By Refrigerators Type, 2016-2028
3.3.7. Global Laboratory Freezers Market share (%)Table, By Type, 2016-2028
3.3.8. Global Laboratory Freezers Market share (%), By Freezers Type, 2016-2028
3.3.9. Global Laboratory Freezers Market share (%), By Refrigerators Type, 2016-2028

3.4.    Global Laboratory Freezers Market Outlook, By End User
3.4.1. Global Laboratory Freezers Market share % by End User, 2016-2020-2028
3.4.2. Global Laboratory Freezers Market Value forecast US $Mn , By End User, 2016-2028
3.4.3. Global Laboratory Freezers Market Y-O-Y %, By End User, 2017-2028
3.4.4. Global Laboratory Freezers Market Value (US$ Mn) Table, By End User, 2016-2028
3.4.5. Global Laboratory Freezers Market share (%)Table, By End User, 2016-2028

3.5.    Global Laboratory Freezers Market Outlook, By Region
3.5.1. Global Laboratory Freezers Market share % by Region, 2016-2020-2028
3.5.2. Global Laboratory Freezers Market Value forecast US $Mn , By Region, 2016-2028
3.5.3. Global Laboratory Freezers Market Y-O-Y %, By Region, 2017-2028
3.5.4. Global Laboratory Freezers Market Value (US$ Mn) Table, By Region, 2016-2028
3.5.5. Global Laboratory Freezers Market share (%)Table, By Region, 2016-2028

4 North America Laboratory Freezers Market overview
4.1.    North America Laboratory Freezers Market Outlook, By Type
4.1.1. North America Laboratory Freezers Market share % by Type, 2016-2020-2028
4.1.2. North America Laboratory Freezers Market Value forecast US $Mn , By Type, 2016-2028
4.1.3. North America Laboratory Freezers Market Y-O-Y %, By Type, 2017-2028
4.1.4. North America Laboratory Freezers Market Value (US$ Mn) Table, By Type, 2016-2028
4.1.5. North America Laboratory Freezers Market Value (US$ Mn), By Freezers Type, 2016-2028
4.1.6. North America Laboratory Freezers Market Value (US$ Mn), By Refrigerators Type, 2016-2028
4.1.7. North America Laboratory Freezers Market share (%)Table, By Type, 2016-2028
4.1.8. North America Laboratory Freezers Market share (%), By Freezers Type, 2016-2028
4.1.9. North America Laboratory Freezers Market share (%), By Refrigerators Type, 2016-2028
4.2.    North America Laboratory Freezers Market Outlook, By End User
4.2.1. North America Laboratory Freezers Market share % by End User, 2016-2020-2028
4.2.2. North America Laboratory Freezers Market Value forecast US $Mn , By End User, 2016-2028
4.2.3. North America Laboratory Freezers Market Y-O-Y %, By End User, 2017-2028
4.2.4. North America Laboratory Freezers Market Value (US$ Mn) Table, By End User, 2016-2028
4.2.5. North America Laboratory Freezers Market share (%)Table, By End User, 2016-2028
4.3.    North America Laboratory Freezers Market Outlook, By Country
4.3.1. North America Laboratory Freezers Market share % by Country, 2016-2020-2028
4.3.2. North America Laboratory Freezers Market Value forecast US $Mn , By Country, 2016-2028
4.3.3. North America Laboratory Freezers Market Y-O-Y %, By Country, 2017-2028
4.3.4. North America Laboratory Freezers Market Value (US$ Mn) Table, By Country, 2016-2028
4.3.5. North America Laboratory Freezers Market share (%)Table, By Country, 2016-2028

5 Europe Laboratory Freezers Market overview
5.1.    Europe Laboratory Freezers Market Outlook, By Type
5.1.1. Europe Laboratory Freezers Market share % by Type, 2016-2020-2028
5.1.2. Europe Laboratory Freezers Market Value forecast US $Mn , By Type, 2016-2028
5.1.3. Europe Laboratory Freezers Market Y-O-Y %, By Type, 2017-2028
5.1.4. Europe Laboratory Freezers Market Value (US$ Mn) Table, By Type, 2016-2028
5.1.5. Europe Laboratory Freezers Market Value (US$ Mn), By Freezers Type, 2016-2028
5.1.6. Europe Laboratory Freezers Market Value (US$ Mn), By Refrigerators Type, 2016-2028
5.1.7. Europe Laboratory Freezers Market share (%)Table, By Type, 2016-2028
5.1.8. Europe Laboratory Freezers Market share (%), By Freezers Type, 2016-2028
5.1.9. Europe Laboratory Freezers Market share (%), By Refrigerators Type, 2016-2028
5.2.    Europe Laboratory Freezers Market Outlook, By End User
5.2.1. Europe Laboratory Freezers Market share % by End User, 2016-2020-2028
5.2.2. Europe Laboratory Freezers Market Value forecast US $Mn , By End User, 2016-2028
5.2.3. Europe Laboratory Freezers Market Y-O-Y %, By End User, 2017-2028
5.2.4. Europe Laboratory Freezers Market Value (US$ Mn) Table, By End User, 2016-2028
5.2.5. Europe Laboratory Freezers Market share (%)Table, By End User, 2016-2028
5.3.    Europe Laboratory Freezers Market Outlook, By Country
5.3.1. Europe Laboratory Freezers Market share % by Country, 2016-2020-2028
5.3.2. Europe Laboratory Freezers Market Value forecast US $Mn , By Country, 2016-2028
5.3.3. Europe Laboratory Freezers Market Y-O-Y %, By Country, 2017-2028
5.3.4. Europe Laboratory Freezers Market Value (US$ Mn) Table, By Country, 2016-2028
5.3.5. Europe Laboratory Freezers Market share (%)Table, By Country, 2016-2028

6 Asia Pacific Laboratory Freezers Market overview
6.1.    Asia Pacific Laboratory Freezers Market Outlook, By Type
6.1.1. Asia Pacific Laboratory Freezers Market share % by Type, 2016-2020-2028
6.1.2. Asia Pacific Laboratory Freezers Market Value forecast US $Mn , By Type, 2016-2028
6.1.3. Asia Pacific Laboratory Freezers Market Y-O-Y %, By Type, 2017-2028
6.1.4. Asia Pacific Laboratory Freezers Market Value (US$ Mn) Table, By Type, 2016-2028
6.1.5. Asia Pacific Laboratory Freezers Market Value (US$ Mn), By Freezers Type, 2016-2028
6.1.6. Asia Pacific Laboratory Freezers Market Value (US$ Mn), By Refrigerators Type, 2016-2028
6.1.7. Asia Pacific Laboratory Freezers Market share (%)Table, By Type, 2016-2028
6.1.8. Asia Pacific Laboratory Freezers Market share (%), By Freezers Type, 2016-2028
6.1.9. Asia Pacific Laboratory Freezers Market share (%), By Refrigerators Type, 2016-2028
6.2.    Asia Pacific Laboratory Freezers Market Outlook, By End User
6.2.1. Asia Pacific Laboratory Freezers Market share % by End User, 2016-2020-2028
6.2.2. Asia Pacific Laboratory Freezers Market Value forecast US $Mn , By End User, 2016-2028
6.2.3. Asia Pacific Laboratory Freezers Market Y-O-Y %, By End User, 2017-2028
6.2.4. Asia Pacific Laboratory Freezers Market Value (US$ Mn) Table, By End User, 2016-2028
6.2.5. Asia Pacific Laboratory Freezers Market share (%)Table, By End User, 2016-2028
6.3.    Asia Pacific Laboratory Freezers Market Outlook, By Country
6.3.1. Asia Pacific Laboratory Freezers Market share % by Country, 2016-2020-2028
6.3.2. Asia Pacific Laboratory Freezers Market Value forecast US $Mn , By Country, 2016-2028
6.3.3. Asia Pacific Laboratory Freezers Market Y-O-Y %, By Country, 2017-2028
6.3.4. Asia Pacific Laboratory Freezers Market Value (US$ Mn) Table, By Country, 2016-2028
6.3.5. Asia Pacific Laboratory Freezers Market share (%)Table, By Country, 2016-2028

7 South America Laboratory Freezers Market overview
7.1.    South America Laboratory Freezers Market Outlook, By Type
7.1.1. South America Laboratory Freezers Market share % by Type, 2016-2020-2028
7.1.2. South America Laboratory Freezers Market Value forecast US $Mn , By Type, 2016-2028
7.1.3. South America Laboratory Freezers Market Y-O-Y %, By Type, 2017-2028
7.1.4. South America Laboratory Freezers Market Value (US$ Mn) Table, By Type, 2016-2028
7.1.5. South America Laboratory Freezers Market Value (US$ Mn), By Freezers Type, 2016-2028
7.1.6. South America Laboratory Freezers Market Value (US$ Mn), By Refrigerators Type, 2016-2028
7.1.7. South America Laboratory Freezers Market share (%)Table, By Type, 2016-2028
7.1.8. South America Laboratory Freezers Market share (%), By Freezers Type, 2016-2028
7.1.9. South America Laboratory Freezers Market share (%), By Refrigerators Type, 2016-2028
7.2.    South America Laboratory Freezers Market Outlook, By End User
7.2.1. South America Laboratory Freezers Market share % by End User, 2016-2020-2028
7.2.2. South America Laboratory Freezers Market Value forecast US $Mn , By End User, 2016-2028
7.2.3. South America Laboratory Freezers Market Y-O-Y %, By End User, 2017-2028
7.2.4. South America Laboratory Freezers Market Value (US$ Mn) Table, By End User, 2016-2028
7.2.5. South America Laboratory Freezers Market share (%)Table, By End User, 2016-2028
7.3.    South America Laboratory Freezers Market Outlook, By Country
7.3.1. South America Laboratory Freezers Market share % by Country, 2016-2020-2028
7.3.2. South America Laboratory Freezers Market Value forecast US $Mn , By Country, 2016-2028
7.3.3. South America Laboratory Freezers Market Y-O-Y %, By Country, 2017-2028
7.3.4. South America Laboratory Freezers Market Value (US$ Mn) Table, By Country, 2016-2028
7.3.5. South America Laboratory Freezers Market share (%)Table, By Country, 2016-2028

8 MEA Laboratory Freezers Market overview
8.1.    MEA Laboratory Freezers Market Outlook, By Type
8.1.1. MEA Laboratory Freezers Market share % by Type, 2016-2020-2028
8.1.2. MEA Laboratory Freezers Market Value forecast US $Mn , By Type, 2016-2028
8.1.3. MEA Laboratory Freezers Market Y-O-Y %, By Type, 2017-2028
8.1.4. MEA Laboratory Freezers Market Value (US$ Mn) Table, By Type, 2016-2028
8.1.5. MEA Laboratory Freezers Market Value (US$ Mn), By Freezers Type, 2016-2028
8.1.6. MEA Laboratory Freezers Market Value (US$ Mn), By Refrigerators Type, 2016-2028
8.1.7. MEA Laboratory Freezers Market share (%)Table, By Type, 2016-2028
8.1.8. MEA Laboratory Freezers Market share (%), By Freezers Type, 2016-2028
8.1.9. MEA Laboratory Freezers Market share (%), By Refrigerators Type, 2016-2028
8.2.    MEA Laboratory Freezers Market Outlook, By End User
8.2.1. MEA Laboratory Freezers Market share % by End User, 2016-2020-2028
8.2.2. MEA Laboratory Freezers Market Value forecast US $Mn , By End User, 2016-2028
8.2.3. MEA Laboratory Freezers Market Y-O-Y %, By End User, 2017-2028
8.2.4. MEA Laboratory Freezers Market Value (US$ Mn) Table, By End User, 2016-2028
8.2.5. MEA Laboratory Freezers Market share (%)Table, By End User, 2016-2028
8.3.    MEA Laboratory Freezers Market Outlook, By Country
8.3.1. MEA Laboratory Freezers Market share % by Country, 2016-2020-2028
8.3.2. MEA Laboratory Freezers Market Value forecast US $Mn , By Country, 2016-2028
8.3.3. MEA Laboratory Freezers Market Y-O-Y %, By Country, 2017-2028
8.3.4. MEA Laboratory Freezers Market Value (US$ Mn) Table, By Country, 2016-2028
8.3.5. MEA Laboratory Freezers Market share (%)Table, By Country, 2016-2028

9 Company Profile
9.1.    Competitive Index
9.2.    Eppendorf AG
9.2.1. Company Description
9.2.2. Recent Developments
9.2.3. SWOT Analysis
9.2.4. Financial Analysis
9.3.    Haier Biomedical
9.3.1. Company Description
9.3.2. Recent Developments
9.3.3. SWOT Analysis
9.3.4. Financial Analysis
9.4.    Thermo Fisher Scientific, Inc.
9.4.1. Company Description
9.4.2. Recent Developments
9.4.3. SWOT Analysis
9.4.4. Financial Analysis
9.5.    Helmer Scientific Inc.
9.5.1. Company Description
9.5.2. Recent Developments
9.5.3. SWOT Analysis
9.6.    PHC Holdings Corporation
9.6.1. Company Description
9.6.2. Product Portfolio
9.6.3. Recent Developments
9.6.4. SWOT Analysis
9.7.    The Middleby Corporation
9.7.1. Company Description
9.7.2. Product Portfolio
9.8.    Liebherr
9.8.1. Company Description
9.8.2. Product Portfolio
9.8.3. Recent Developments
9.8.4. SWOT Analysis
9.9.    Felix Storch, Inc.
9.9.1. Company Description
9.9.2. Product offerings
9.9.3. Recent Developments
9.9.4. SWOT analysis
9.10.BioLife Solutions, Inc.
9.10.1.    Company Description
9.10.2.    Product offerings
9.10.3.    Recent Developments
9.10.4.    SWOT analysis
9.11.Blue Star Limited
9.11.1.    Company Description
9.11.2.    Product offerings
9.11.3.    Recent Developments
9.11.4.    SWOT analysis
9.11.5.    Financial Analysis

10 Notes & Disclaimer
11 Research Methodology

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