Laboratory Freezers Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 Laboratory Freezers are used for the storage of diverse biological products like blood, tissues, serum, and vaccination samples, among others. Moreover, laboratory freezers are popular equipment in blood banks, academic institutions, pharmaceuticals, and biotechnological enterprises for storing biological samples that are being examined and used in experiments. In addition, the market is expanding as a result of a number of factors, including rising organ transplant procedures, rising demand for blood and blood components, and technical developments in lab freezers. Furthermore, the rising number of laboratories is also the main factor in the development of the medical refrigerator market. For instance, according to ILAC MRA (International Laboratory Accreditation Cooperation) and Signatories, in 2021, almost 85,000 laboratories, almost 13,000 inspection bodies, over 600 proficiency testing providers, and 250 reference material producers were accredited globally.

 According to UnivDatos Market Insights (UMI)’ research report “Global Laboratory Freezers Market”, the market is expected to witness robust growth during the forecast period (2022-2028).

Based on product, the market is segmented into freezers, refrigerators, and cryopreservation systems. Freezers category to witness higher CAGR during the forecast period. The factors like its bag capacity, shelf count, safety features, construction material, and, most importantly, standards and certifications such as ISO and CE are driving the growth of the factor. 

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On the basis of end-users, the market is categorized into blood banks, pharmaceutical & biotechnology companies, hospitals & pharmacies, and others. Among these, the blood banks category holds significant growth during the forecast period. This is mainly due to the rising blood donation globally, as well as vaccines and other medical or pharmaceutical supplies. Moreover, the rising demand for safe blood due to the high prevalence of blood transfusion cases is driving the growth of this market. For instance, Lightweight Tactical Laboratory Freezers Markets (LTATVs) are small side-by-sides that have been used by U.S. Special Operations Forces (SOF).

North America to witness extensive growth

For a better understanding of the market adoption of the Laboratory Freezers, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the rising R&D projects in the pharmaceutical industry or universities, blood donation, drug & vaccine development, and rising government funding are the factors that will drive the market growth in the region. For instance, according to the Federally Funded Research and Development Centers (FFRDC), in 2019, R&D expenditures totaled USD 22.7 billion, with the federal government funding USD 22.3 billion.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Laboratory Freezers market are Thermo Fisher Scientific Inc., Haier Biomedical, PHC Holdings Corporation, Avantor inc., Helmer Scientific, Liebherr, Felix Storch Inc., Blue Star Ltd, Philipp Kirsch GmbH, Vestfrost Solutions.

“Global Laboratory Freezers Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.        

Market Segmentation:

1.      By Product (Freezers, Refrigerators, and Cryopreservation Systems)

2.      By End-Users (Blood Banks, Pharmaceutical & Biotechnology Companies, Hospitals & Pharmacies, and Others)

3.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.      By Company (Thermo Fisher Scientific Inc., Haier Biomedical, PHC Holdings Corporation, Avantor inc., Helmer Scientific, Liebherr, Felix Storch Inc., Blue Star Ltd, Philipp Kirsch GmbH, Vestfrost Solutions)

Key questions answered in the study:

1.      What are the current and future trends of the global laboratory freezer industry?

2.      How the industry has been evolving in terms of product and end-users?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global laboratory freezers industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global laboratory freezers suppliers across various region and countries?