Market Research Future (MRFR), in its recently published study report, asserts that the Global Ultra-Low Temperature Freezer Market is forecasted to register 2.7% CAGR between 2016 -2022, to be valued at USD 701.4 million by 2022.
Ultra-Low Temperature Freezer is designed to deal with the contamination, an everyday challenge various cell culture lab confronts. Contamination, undetected or ignored endangers the reliability and reproducibility of experimental data. Hence, each lab relies on ULT freezers as the best measures to prevent microbial contamination.
Development in the field of biotechnology and life sciences have been one of key factors which has led to the development of the market. The necessity to have well preserved sample is extremely important both in the context of research and diagnostics, this need is well addressed by the vast portfolio of ultra-low temperature freezers. Better availability of funds has initiated improved demand levels for this industry, which are expected to be sustained through the forecast period.
Global Ultra-Low Temperature Freezer Market – Key Players
Some of the key players in this market are:
- Panasonic Healthcare Corporation of North America
- VWR International
- Helmer Scientific
- Eppendrof AG
- Thermofisher Scientific Inc.
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July 18, 2018 – PHC Holdings Corporation (Japan) is a global healthcare company launched the -85 °C ultra-low temperature freezer VIP ECO Series. Designed for energy savings and the low environmental impact these environment-friendly ultra-low temperature freezers are reliable and provide efficient, long-term preservation to protect high-value samples and specimens for drug development and life science studies.
Jun 2017 A new Ultra-Low Temperature Freezer, The VIP ECO, had been launched by Panasonic Healthcare Corporation of North America which can achieve temperatures as low as -86°C by employing the use of hydrocarbons propane and ethane. The offering which is being marketed as the VIP ECO freezer, has an upright cabinet. It also provides more energy efficient, dependable, ultra-low temperature storage by the use of smart compressors with hydrocarbons in a cascade refrigeration circuit such as R290 on the high-stage circuit and R170 on the low-stage one. Panasonic is aiming the product at new laboratories as well as the immediate replacement of less-efficient freezers. The VIP ECO’s interior volume of 729 litres has been sized to house many inventory racks which are existing in use in other freezers. In replacement installations, this allows quick transfers with zero downtime.
Global Ultra-Low Temperature Freezer Market – Segments
MRFR has segmented its analysis into three key dynamics for the convenience of understanding;
By Types: Upright ULT Freezers and Chest ULT Freezers among others.
By End-users: Bio-Banks, Hospital, Academic, and Research Institute among others.
By Regions: North America, Europe, APAC and Rest-of-the-World.
Global Ultra-Low Temperature Freezer Market – Key Finding
- The Global Ultra-Low Temperature Freezer Market and is expected to reach USD 701.4 million by 2022.
- Regionally, North America holds the largest market share for global Ultra-low temperature freezer market and is expected to reach USD 393.9 million by 2022.
- Asia-Pacific market is expected to be the fastest growing market and expected to reach at USD 152.5 million by 2022.
- On the basis of type, upright ULT freezers segment holds largest market share.
Global Ultra-Low Temperature Freezer Market – Regional Analysis
The regional analysis for the Ultra-Low Temperature Freezer Market includes regions such as Europe, North America, Asia Pacific and rest of the world. Globally North America is the largest market for ultra-low temperature freezer. The North American market for Ultra-low temperature freezer is expected to reach at USD 393.9 Million by the end of the forecasted period.
Europe is the second-largest market for ultra-low temperature freezer which is expected to grow at a CAGR of 2.8%. Asia pacific region is expected to be fastest growing region in Ultra-low temperature freezer market.
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