Ultra-Low Temperature (ULT) Freezers Market 2022-2028

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Title:Global Ultra-Low Temperature (ULT) Freezers Market Size, Share, and Trends Analysis Report by Product Type (Upright ULT Freezers, and Chest ULT Freezers), by Technology (Automated, and Semi-Automated), and by End-User (Bio-Banks, Academic and Research Laboratories, Pharmaceutical and Biotechnology Companies, and Others) Forecast Period (2022-2028).

The global ULT freezers market is anticipated to grow at a significant CAGR of 4.4% during the forecast period. Increasing awareness and demand for organ donation coupled with the increasing prevalence of chronic diseases such as cancer and others resulting in organ failure have increased the demand for organ donors. These organs require proper storage and preservation at a specific temperature which will propel demand and use of ULT freezers in healthcare and medical industry across the globe.

The global ULT freezers market is segmented based on product type, technology, and end-user. Based on product type, the market is segmented into upright ULT freezers, and chest ULT freezers. Based on the technology the market is divided into automated, and semi-automated. Based on the end-user, the market is classified into the bio-banks, academic and research laboratories, pharmaceutical and biotechnology companies, and others. Among the end-user, the biobanks segment is expected to hold a considerable share in the market due to the growing use of ULT freezers for storage of various components such as drugs, enzymes, chemicals, viruses, bacteria, cell preparations, and other blood components.

Geographically, the global ULT freezers market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Among these, the North American region is anticipated to hold a prominent share in the market globally, due to the high adoption of technologically advanced ULT freezers that are being developed and manufactured by the key players. Furthermore, the increasing research activities and clinical trials by various pharmaceutical & biotechnology companies and academic and research laboratories catering to the rising demand for freezers is another major factor bolstering regional growth. For instance, in February 2021, Pfizer Inc., and BioNTech SE submitted new data to the US Food and Drug Administration (US FDA), that demonstrate the stability of the COVID-19 vaccine. This vaccine is stored at -25°C to -15°C, and it is suppurated by the US Emergency Use Authorization (EUA).

The major companies serving the global ULT freezers market include Avantor, Inc., Cardinal Health, Godrej & Boyce Manufacturing Co. Ltd., BIONICS SCIENTIFIC TECHNOLOGIES (P) LTD., Haier Biomedical, Thermo Fisher Scientific Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2021, Godrej & Boyce launched ULT freezers in partnership with the COVID-19 vaccination drive in India, under the made-in-India initiative. The initiative aims to provide medical refrigeration solutions, that safeguard sensitive vaccines at an affordable rate. These freezers preserve life-saving medical supplies that include critical vaccines below -80°C and they boost the Indian and global medical cold chain.

Research Methodology

The market study of the global ultra-low temperature (ULT) freezers market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of the market size and the intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Ultra-Low Temperature (ULT) Freezers Market Research And Analysis By Product Type.
Global Ultra-Low Temperature (ULT) Freezers Market Research And Analysis By Technology.
Global Ultra-Low Temperature (ULT) Freezers Market Research and Analysis by End-User.

The Report Covers:

Comprehensive research methodology of the global ultra-low temperature (ULT) freezers market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global ultra-low temperature (ULT) freezers market.
Insights about market determinants that are stimulating the global ultra-low temperature (ULT) freezers market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026686

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Ultra-Low Temperature Freezers Market Market
Recovery Scenario of Global Ultra-Low Temperature Freezers Market Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
3.2. Avantor, Inc.
- 3.2.1. Overview
- 3.2.2. Financial Analysis
- 3.2.3. SWOT Analysis
- 3.2.4. Recent Developments
3.3. Cardinal Health
- 3.3.1. Overview
- 3.3.2. Financial Analysis
- 3.3.3. SWOT Analysis
- 3.3.4. Recent Developments
3.4. Godrej & Boyce Manufacturing Co. Ltd.
- 3.4.1. Overview
- 3.4.2. Financial Analysis
- 3.4.3. SWOT Analysis
- 3.4.4. Recent Developments
3.5. Haier Biomedical
- 3.5.1. Overview
- 3.5.2. Financial Analysis
- 3.5.3. SWOT Analysis
- 3.5.4. Recent Developments
3.6. Thermo Fisher Scientific Inc.
- 3.6.1. Overview
- 3.6.2. Financial Analysis
- 3.6.3. SWOT Analysis
- 3.6.4. Recent Developments
3.7. Key Strategy Analysis
3.8. Impact of Covid-19 on Key Players

4. Market Segmentation

4.1. Global Ultra-Low Temperature Freezers Market Market by Product Type
- 4.1.1. Upright ULT Freezers
- 4.1.2. Chest ULT Freezers
4.2. Global Ultra-Low Temperature Freezers Market Market by Technology
- 4.2.1. Automated
- 4.2.2. Semi-Automated
4.3. Global Ultra-Low Temperature Freezers Market Market by End-User
- 4.3.1. Bio-Banks
- 4.3.2. Academic and Research Laboratories
- 4.3.3. Pharmaceutical and Biotechnology Companies
- 4.3.4. Others

5. Regional Analysis

5.1. North America
- 5.1.1. US
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Arctiko
6.2. BINDER GmbH
6.3. BIONICS SCIENTIFIC TECHNOLOGIES (P) LTD.
6.4. B Medical Systems S.a r.l.
6.5. CompareNetworks, Inc.
6.6. D.A.I. Scientific Equipment, Inc.
6.7. Eppendorf AG
6.8. Esco Lifesciences Group
6.9. Focus Technology Co., Ltd.
6.10. Helmer, Inc.
6.11. Klinge Corp.
6.12. LABCOLD
6.13. LABFREEZ INSTRUMENTS GROUP CO. LTD.
6.14. LabRepCo
6.15. Meditech Technologies India Pvt. Ltd.
6.16. Newtronic
6.17. NuAire, Inc.
6.18. PHC Corp
6.19. REMI GROUP
6.20. STERICOX INDIA PVT. LTD.
6.21. TELSTAR
6.22. Thomas Publishing LLC