The Global Laboratory Freezers Market size is set to grow by USD 5.7 billion by 2026 according to MarketsandMarkets. The growth in this market is driven by increasing demand for blood and blood components for transfusion and for support in cancer therapy. Technological advancements in lab freezers also drive the growth of this market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The global Laboratory Freezers market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
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Laboratory Freezers Market Segmentation
Product
§ Freezers
§ Refrigerators
§ Cryopreservation Systems
Geography
o North America
o Europe
o Asia
o ROW
Global Laboratory Freezers Market Vendor Analysis
To help businesses improve their market position, MnM report provides a detailed analysis of around 25 vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Some of the major vendors of the global Laboratory Freezers market in the health care industry include:
Eppendorf AG (Germany), Haier Biomedical (China), Thermo Fisher Scientific, Inc. (US), Helmer Scientific (US), PHC Holdings Corporation (Japan), Liebherr (Switzerland), Middleby Corporation (Follett Products, LLC), Felix Storch, Inc. (US), BioLife Solutions, Inc. (Stirling Ultracold) (US), Blue Star Limited (India), B Medical Systems (Luxembourg), Philipp Kirsch GmbH (Germany), Avantor, Inc. (US)
APAC to grow at the highest CAGR in the laboratory freezers market during the forecast period. Latin America is one of the fastest-growing markets for laboratory freezers owing to growing investments from global pharmaceutical manufacturers in Latin America and the availability of government funding for R&D activities as well as efforts to modernize the existing healthcare system.
Global Laboratory Freezers Market Key Highlights
· CAGR of the market during the forecast period
· Detailed information on factors that will assist global Laboratory Freezers market growth during the next five years
· Estimation of the global Laboratory Freezers market size and its contribution to the parent market
· Predictions on upcoming trends and changes in consumer behavior
· The growth of the global Laboratory Freezers market
· Analysis of the market’s competitive landscape and detailed information on vendors
· Comprehensive details of factors that will challenge the growth of global Laboratory Freezers market vendors
Key Developments in Global Laboratory Freezers Market
§ In March 2021, Eppendorf AG (Germany) redesigned and upgraded CryoCube F570 to be equipped with future-proof green cooling liquids, green insulation foam, and better performance.
§ In March 2021, Helmer Scientific (US) launched the GX Solutions Laboratory & Plasma Freezers for vaccines, medications, blood therapies, and sample storage using the Global Warming Potential (GWP) Technology In January 2021, UnitedHealth Group (US) launched virtual primary care for employees for wellness and routine and chronic condition management.
§ In June 2021, B Medical Systems (Luxembourg) partnered with Dr. Reddy’s Laboratories (India) to provide cold chain solutions for the Sputnik V vaccine roll-out in India.
§ In May 2021, BioLife Solutions, Inc. (US) acquired Stirling Ultracold (US), a private manufacturer of ultra-low-temperature freezers.
§ In February 2021, Follett Products, LLC. (US) entered into a partnership with PHC Corporation of North America (US) to market and sell the PHCbi line of ultra-low-temperature freezers, pharmaceutical-grade refrigerators, and biomedical freezers to Follett’s healthcare customers.
Each of these players has been profiled in the global Laboratory Freezers market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.
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