The global ultra-low temperature freezer market is anticipated to grow at a significant CAGR of 4.4% during the forecast period. The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace this is anticipated to positively impact significant market growth. Hence owing to the development and manufacturing of innovative solutions the ultra-low temperature freezer market is augmenting its growth over the forecast period. For instance, in December 2021, BioLife Solutions partnered with UNICEF to extend the thermal stability of temperature-sensitive COVID-19 vaccines in emerging countries such as Africa, the Middle East, and South America. In these regions, ULT freezers remain operational with limited power infrastructure and extreme environmental conditions. Further, UNICEF has approved Stirling's upright SU780XLE freezers and also portable UL25NEU freezers for specific regions. In March 2020, Eppendorf AG acquired Koki Holdings Co., Ltd., to expand its centrifuge business and to remain in a strong position on high-end centrifuges for the pharma and life science industries and also academic and commercial research.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/ult-freezers-market
Apart from this, in March 2021, Thermo Fisher Scientific Inc., launched Thermo Scientific TSX Series Ultra-Low Temperature (ULT) Freezers, to provide research, pharmaceutical manufacturing, clinical, bio-repository, and industrial laboratories to deliver environmentally sustainable protection of materials that include biologics and reagents and among others.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product Type
o By Technology
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- Avantor, Inc., Cardinal Health, Godrej & Boyce Manufacturing Co. Ltd., BIONICS SCIENTIFIC TECHNOLOGIES (P) LTD., Haier Biomedical, Thermo Fisher Scientific Inc., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Ultra-Low Temperature Freezers Market Report by Segment
By Product Type
By Technology
By End-User
Global Ultra-Low Temperature Freezers Market Report by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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