The global laboratory freezers market is projected to reach USD 5.7 billion by 2026 from USD 4.7 billion in 2022, at a CAGR of 4.9%. Growth in the market is driven by the increasing demand for blood and blood components for transfusion and for support in cancer therapy.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=196600540
Browse in-depth TOC on "Laboratory Freezers Market"
274 – Tables
52 – Figures
291 – Pages
The laboratory freezers market has shown a significant rise in demand in 2020 and 2021 due to the utility of these products for appropriate temperature-controlled storage of COVID-19 vaccines. This demand is expected to decline after 2021 and remain steady from 2022, fueled by pre-pandemic growth drivers. However, the laboratory freezers market during 2022–2026 may show growth if booster doses of COVID-19 vaccines are made mandatory during the forecast period. The market growth is restrained by the growing use of refurbished laboratory freezers. In this report, the global lab freezers market is segmented by product, end user, and region.
Key Market Players
The global laboratory freezers market is fairly consolidated. Prominent players in the laboratory freezers market include Eppendorf AG (Germany), Haier Biomedical (China), Thermo Fisher Scientific, Inc. (US), Helmer Scientific (US), and PHC Holdings Corporation (Japan). Companies in the laboratory freezers market adopted strategies such as partnerships, agreements, acquisitions, product launches & upgrades as well as expansions to enhance their presence in the laboratory freezers market.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=196600540
Thermo Fisher Scientific (US) is a leading player in the laboratory freezers market and accounted for the largest share of the market. The company’s products in the laboratory freezers market include laboratory refrigerators, cryopreservation systems, ultra-low-temperature freezers, flammable materials refrigerator, explosion-proof refrigerators, and chromatography refrigerators. In June 2020, the company launched the upgraded TSX Series of ultra-low-temperature freezers to include additional functionalities to deliver environmentally sustainable protection of materials
Haier Biomedical (US) is one of the prominent players in the laboratory freezers market. It is one of the leading manufacturers of durable goods throughout the globe. Haier Biomedical is engaged in designing, manufacturing, and marketing quality laboratory equipment and refrigerated products for the life science and clinical industry. The company’s products include cryopreservation systems, ultra-low-temperature freezers, laboratory refrigerators, laboratory freezers, pharmacy refrigerators, and vaccine refrigerators.
Latin America is expected to grow at the highest CAGR, by region, in the forecast period
The laboratory freezers market is segmented into North America, Europe, Asia Pacific, Latin America and Mare of the refrigerators segment. In 2020 and 2021, this segment shows high growth due to the extensive use of laboratory refrigerators in the short-term storage of samples for COVID-19 testing in medical laboriddle East & Africa. APAC to grow at the highest CAGR in the lab 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.
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=196600540
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com