Laboratory Freezers Market Scope
Freezers are used to keep the object at a low temperature. Whereas, laboratory freezers are the freezers used in laboratories which have some specification associated with safety and temperature consistency as per the requirement. The laboratory freezer offers high insulation and strong cooling system with precise temperature setting options. Increasing use of blood component for research purpose and production of biopharmaceuticals have been driving the market. In addition, the increasing number of organs transplant processes across the globe and increasing adoption of portable freezers due to medical tourism are the factors that are supplementing the growth of the market. However, the high cost of laboratory freezers due to the price associated with the cooling system, high maintenance cost and power consumption by freezers are hampering the growth of the market. Moreover, increasing R&D activities by established players and government initiatives can create a new opportunity for the market.
According to AMA, the Global Laboratory Freezers market is expected to see growth rate of 4.23% and may see market size of USD5.23 Billion by 2026.
The Players having a strong hold in the market are Thermo Fisher Scientific Inc., Haier Biomedical, Eppendorf AG, Helmer Scientific, VWR Corporation. Research Analyst at AMA estimates that United States, European and Asian Players will contribute to the maximum growth of Global Laboratory Freezers market throughout the predicted period.
Thermo Fisher Scientific Inc. (United States), Haier Biomedical (China), Eppendorf AG (Germany), Helmer Scientific (United States), VWR Corporation (United States), ARCTIKO A/S (Denmark), Biomedical Solutions Inc. (United States), EVERmed S.R.L. (Italy), Philipp Kirsch GmbH (Germany) and Panasonic Healthcare Co., Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Helmer Scientific (United States) and Terumo Corporation (Japan).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Laboratory Freezers market by Type (Enzyme Freezers, Laboratory Freezers, Explosion-proof Freezers, Flammable Material Freezers, Plasma Freezers and Ultra-low Temperature Freezers) and Region with country level break-up.
On the basis of geography, the market of Laboratory Freezers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On July 2017, the Panasonic Healthcare Co., Ltd. has launched dual compressor freezers named as TwinGuard that offers two compressors as a failsafe, strong cooling system and accurate temperature controlling system. The new freezer of the company can create a new opportunity in the coming years due to its two compressor and strong Colling system.
- Rising a Trend for Ultra-Low Temperature Freezers
- Rising Demand of Freezers for Blood Components for Transfusion and Production of Biopharmaceuticals
- Increasing Number of Organs Transplant Processes across the Globe
- Increasing R&D Activities by Established Players and Government Initiatives lead to New Launches and Innovation
- Increasing Adoption of Portable Freezers due to Medical Tourism
- High Cost of Laboratory Freezers due to Price Associated with Compressor
- High Maintenance cost and power Consumption by Freezers Limiting the Market
Key Target AudienceLaboratory Freezer Manufacturers, Laboratory Equipment Manufacturers, Suppliers and Distributors, Healthcare Service Providers, Medical Institutes, Research and Consulting Firms, Investors and Others