Ultra-Low Temperature Freezers Market Overview
The ultra-low temperature
freezers market overview report estimates the industry to reach USD 0.52 Billion in
2023 and is projected to grow from USD 0.54 Billion in 2024 to USD 0.72 Billion
by 2032, exhibiting a compound annual growth rate (CAGR) of 3.59% during the
forecast period (2024 - 2032).
Ultra-low
temperature freezers (ULT freezers) are types of bio-freezers used to preserve
bacteria, viruses, enzymes, drugs, chemicals, cell preparations, and tissue
samples. They generally have a temperature range of -40°C, -86°C, down to
-150°C. The global market for ultra-low temperature freezers is being driven by
factors such as the increasing demand for ultra-low temperature freezers,
raising awareness and improving technology, alternative refrigeration cycles,
demand for environment-friendly refrigerators, and increased biomedical R&D
spending in Asian countries.
Ultra-low
temperature freezers are widely used in research activities to transfer
biomaterial in aseptic conditions and store perishable materials. In
pharmaceutical research & development activities, ultra-low temperature
freezers are used to store consumables, enzymes, and chemicals. The increasing
investments in the pharmaceutical industry for the development of innovative
drugs and ongoing research and development activities related to the
biotechnology sector are providing favorable conditions for the growth of the
market during the forecast period.
Latest Innovation on
Ultra-Low Temperature Freezers Market
1. Energy-Efficient Cryogenic
Freezers
Recent advancements in ultra-low
temperature (ULT) freezers include the development of energy-efficient models
that utilize advanced insulation materials and optimized refrigeration systems.
These innovations reduce energy consumption and operational costs while
maintaining reliable and precise temperature control for critical storage
needs.
2. IoT-Enabled Monitoring
Systems
New ULT freezers are
incorporating Internet of Things (IoT) technology for real-time monitoring and
remote management. These systems provide continuous tracking of temperature and
operational status, send alerts for any deviations, and enable remote troubleshooting,
enhancing safety and reducing the risk of temperature-related failures.
Ultra-Low
Temperature Freezers
Market Companies
MRFR recognizes
the following companies as the key players in the global ultra-low temperature
freezers market—VWR International, LLC (US), Thermo Fisher Scientific (US),
Eppendorf AG (Germany), Stirling Ultracold (Greece), PHC Corporation (US),
Arctiko (UK), Helmer Scientific (US), BINDER GmbH (Germany), Labcold (UK), and
Esco Micro Pte Ltd (US).
Ultra-Low
Temperature Freezers
Market Segment Analysis
The global
ultra-low temperature freezers market has been divided on the basis of type,
degree of cooling, application, and end user.
Based on type,
the market has been segregated into upright ultra-low temperature freezers and
chest ultra-low temperature freezers.
The ultra-low
temperature freezers market, on the basis of degree of cooling, has been
divided into41°C To -86°C freezers and -87°C To -150° C freezers.
Based on
application, the ultra-low temperature freezers market has been divided
into blood & blood products, biological samples, drug compounds,
and others.
On the basis of
end user, the market is bifurcated into bio-banks, hospitals & clinics,
academic & research laboratories, and others.
Ultra-Low
Temperature Freezers
Market Regional Analysis
The global
ultra-low temperature freezers market, on the basis of region, is divided into
the Americas, Europe, Asia-Pacific, and the Middle East &Africa. The
Americas accounted for the largest market share in the global ultra-low
temperature freezer market. This large share is mainly due to the presence of
major healthcare manufacturers, R&D facilities, and rising healthcare
spending. The Americas have been further sub-segmented into North America and
Latin America. The global ultra-low temperature freezers market in North
America is expected to account for the largest share and dominate the market.
The major factor that influences the growth of the North American ULT freezers
market is the existence of a large number of healthcare services and the rising
demand for products for huge repository and storage.
The Europe ultra-low
temperature freezers market size is driven by the government taking steps for the
safety of pharmaceutical preservation products. Vaccines, drugs, human tissues,
cells, blood components, and others require ultra-low temperatures for the
preservation of these medical entities. Furthermore, the rising fund for
R&D activities in this region supports the market growth. A wide range of
opportunities is available for the ULT freezer in Asia-Pacific due to the
rising investment towards technological advancements in healthcare
infrastructure, research organizations, low manufacturing and labor costs, and
increasing investments by major players.
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