Upright Ultra-Low Temperature Freezers Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Ultra-low temperature freezers are made to store biological materials. These freezers are utilized in blood banks, hospitals, and research institutes, among others. An ultra-low temperature freezer is also called a minus 80 freezer or a negative 80 freezer and includes only goods and services that are traded between entities or sold to end consumers. These freezers are of two types, including upright ULT freezers and chest ULT freezers. Upright ULT freezers require lesser floor space than chest freezers. Additionally, the design of the upright freezer gives a convenience factor, i.e., ease of access of products stored due to which they are in high demand. Upright ULT freezers generally have a temperature range of -40°C to -86°C and are utilized to store drugs, enzymes, bacteria, cell preparations, chemicals, viruses, and tissue samples.

MARKET SCOPE

The

"Global Upright Ultra-Low Temperature Freezers Market Analysis to 2031"

is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the upright ultra-low temperature freezers market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading upright ultra-low temperature freezers market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on type, the global upright ultra-low temperature freezers market is segmented into semi-automated freezers, and automated freezers.
  
•  On the basis of application, the market is segmented into blood & blood products, organs, pharmaceuticals, forensic and genomic research, and others.
  

MARKET DYNAMICS

Drivers

•   Rising prevalence of various infectious diseases, cancer, and other chronic diseases along with growing adoption of personalized medicine drive the upright ultra-low temperature freezers market growth.
  
•   Increasing genomics research activities and advancement in drug discovery and clinical testing boost the market growth.
  
•   Growing investment by public and private organizations and technological advancements fuel the market growth.
  
•   High demand for these freezers in the bio banks for the storage and protection of drugs, enzymes, viruses, cell preparations, and tissue samples propel the market growth.
  

Restraints

•   High cost of new equipment.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The upright ultra-low temperature freezers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the upright ultra-low temperature freezers market in these regions.

IMPACT OF COVID-19 ON UPRIGHT ULTRA-LOW TEMPERATURE FREEZERS MARKET

COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. During the initial time of the pandemic, the market faced slight challenges regarding growth due to worldwide lockdown, supply chain disruptions, and business shutdown. However, the change in growth trend has been mainly due to the companies stabilizing their output function after catering to the demand that grew exponentially during the pandemic. As the cases were increasing daily, the demand for the development of vaccines surged. Manufacturers needed ultra-low temperature freezers and incubators to retain novel coronavirus samples so that they can be recovered whenever appropriate and examined. So, the ULTF was required to provide protection and anti-contamination features for storage and transportation of the vaccines to various locations. Therefore, the large number of COVID-19 cases will contribute to the growth of the market.

MARKET PLAYERS

The report covers key developments in the upright ultra-low temperature freezers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from upright ultra-low temperature freezers market are anticipated to have lucrative growth opportunities in the future with the rising demand for upright ultra-low temperature freezers in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the upright ultra-low temperature freezers market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Haier
  
•  Arctiko
  
•  Thermo Fisher Scientific
  
•  Panasonic Healthcare Corporation
  
•  Helmer Scientific
  
•  Stirling Ultracold
  
•  Telstar
  
•  VWR International
  
•  Eppendorf
  
•  Labcold
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Upright Ultra-Low Temperature Freezers Report Scope