Recent Developments in Laboratory Freezers Market
- B Medical Systems (Luxembourg) partnered with Dr. Reddy’s Laboratories (India) to provide cold chain solutions for the Sputnik V vaccine roll-out in India.
- BioLife Solutions, Inc. (US) acquired Stirling Ultracold (US), a private manufacturer of ultra-low-temperature freezers.
According to a research report “Laboratory Freezers Market by Product(Cryopreservation, Plasma Freezer, ExplosionProof Freezer, Enzyme Freezer, Ultra-Low Freezer, Blood Bank Refrigerator, Pharmacy Refrigerator, Chromatography Refrigerator), End User(Hospitals) - Global Forecast to 2026” published by MarketsandMarkets, The 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%.
Informational PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=196600540
The growth of this market is driven by increasing demand for blood and blood components for transfusion and cancer treatment support. Technological advances in laboratory freezers are also driving the growth of this market.
Key players in the Laboratory Freezers market include Eppendorf AG (Germany), Haier Biomedical (China), Thermo Fisher Scientific, Inc. (US), Helmer Scientific (US), PHC Holdings Corporation (Japan), Liebherr (Switzerland), Middleby Corporation (Follett Products, LLC), Felix Storch, Inc. (US), BioLife Solutions, Inc. (Stirling Ultracold) (US), Blue Star Limited (India), B Medical Systems (Luxembourg), Philipp Kirsch GmbH (Germany), Avantor, Inc. (US), Standex International Corporation (US), Vestfrost Solutions A/S (Denmark), Changhong Meiling Co. Ltd.
Major Growth Boosting Factors:
The freezers segment holds the highest market share, by product, in the laboratory freezers market, in the forecast period.
the freezers segment accounted for the largest share of the laboratory freezers market. The large share of this segment can be attributed to their utility in pharmaceutical and biotechnology companies and academic and research institutes to support vaccine development and in medical laboratories and hospitals for storing test samples.
In the freezers segment, the ultra-low-temperature freezers segment is expected to grow at the highest CAGR in the forecast period.
The ultra-low-temperature freezers segment is expected to grow at the highest CAGR in the forecast period. The large share of this segment can be attributed to their utility in pharmaceutical and biotechnology companies and academic and research institutes to support vaccine development and in medical laboratories and hospitals for storing test samples.
The laboratory refrigerators segment holds the highest share in the refrigerators segment
the refrigerators market is segmented into blood bank refrigerators, chromatography refrigerators, explosion-proof refrigerators, flammable material refrigerators, laboratory refrigerators, and pharmacy refrigerators. the laboratory refrigerators segment accounted for the largest shatories, hospitals, and clinics.
Latin America is expected to grow at the highest CAGR, by region, in the forecast period
APAC to grow at the highest CAGR in the laboratory 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 RD activities as well as efforts to modernize the existing healthcare system.
Request for Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.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 pain points around revenues decisions.
