Market Overview:
The global chest ultra-low temperature freezers market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for blood and blood products, rising prevalence of chronic diseases, and technological advancements in chest ultra-low temperature freezers. Based on type, the global chest ultra-low temperature freezer market is segmented into semi-automated freezers and automated freezers. The automated freezer segment is expected to grow at a higher CAGR than the semi-automated freezer segment during the forecast period from 2018 to 2030. This can be attributed to the advantages offered by automated chests over semi-automated chests such as increased storage capacity, reduced labor costs, and improved operational efficiency. Based on application, the global chest ultra-low temperature freezer market is divided into blood & blood products storage, organ storage, pharmaceuticals storage, forensic & genomic research storage (FGR), and others (including vaccine & biologics). The FGR segment is projected to grow at a higher CAGR than other segments during the forecast period from 2018 to 2030 owingto its growing applications in areas such as cancer research and personalized medicine.
Product Definition:
Chest Ultra-Low Temperature Freezers are used to store biological materials at very low temperatures. The importance of Chest Ultra-Low Temperature Freezers is that they can maintain a temperature of -80 degrees Celsius or lower, which is necessary for preserving many types of biological specimens.
Semi-Automated Freezers:
Semi-automated freezers, also known as storage batteries or energy storage devices (ESD), are used to store thermal energy generated by refrigeration systems. They are an integral part of any refrigeration system and help in maintaining the temperature of a specific area.
The growth factor for semi-automated freezers is driven by factors such as rising demand from commercial sectors such as food & beverages, pharmaceuticals.
Automated Freezers:
Automated freezers are used to store biological samples at extremely low temperatures. They are most commonly used for storing tissue or DNA samples that need to be analyzed for research purposes. The ultra-low temperature of the automated freezer does not affect the integrity of sample and can maintain its quality even after several cycles of thawing and freezing.
Application Insights:
The blood and blood products application segment led the global market in 2017. The segment is projected to expand further at a steady CAGR from 2018 to 2030 owing to an increase in demand for stored human blood and its components, such as red cells, white cells, plasma, platelets and cryoprecipitate. Increasing awareness about the benefits of frozen preservation of human tissues and organs is also expected to boost product demand over the forecast period.
The pharmaceuticals application segment accounted for a significant share in 2017 due largely to increasing adoption of advanced technology products that offer enhanced performance characteristics over conventional equipment. These devices automate routine tasks so that healthcare professionals can concentrate on more complex issues facing patients without havingto deal with tedious procedures or long waits between each step during processing or preservation of pharmaceutical formulations or samples taken from patients¢â‚¬â„¢ bodies for testing purposes.
Regional Analysis:
North America dominated the global chest ultra-low temperature freezers market in 2017. This can be attributed to the presence of well-established healthcare infrastructure, high purchasing power parity, and increasing demand for organ transplantation procedures. Moreover, growing use of these products for storage and transport of blood & blood products is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising awareness about organ donation coupled with government initiatives such as “Organ Transplant Week†observed throughout various countries in Asia Pacific region from 15 April 2018 till 21 April 2018 every year. Such initiatives are expected to increase awareness about potential donors and encourage people who need transplants as well as their families or friends who can donate organs during this time span thus positively impacting market growth in Asia Pacific region during the forecast period.
Growth Factors:
- Increasing demand for frozen food products: The global consumption of frozen food is projected to grow at a CAGR of 5.4% from 2016 to 2021. This is mainly attributed to the changing lifestyle and growing urbanization across the globe. Frozen food offers convenience, variety, and safety compared to fresh food, which has led to its increasing popularity among consumers.
- Technological advancements in chest ultra-low temperature freezers: Chest ultra-low temperature freezers have witnessed significant technological advancements in recent years, with features such as touchscreen displays and wireless connectivity being added into the latest models. These features are making chest ultra-low temperature freezers more user-friendly and helping them gain traction among consumers worldwide.
- Growing demand for medical grade chest ultra-low temperature freezers: The global market for medical grade chest ultra-low temperature freezer is expected to grow at a CAGR of 7% from 2016 to 2021 owing to the increasing use of these devices in hospitals and clinics for storage of sensitive medical samples & products..
Scope Of The Report
Report Attributes
Report Details
Report Title
Chest Ultra-Low Temperature Freezers Market Research Report
By Type
Semi-Automated Freezers, Automated Freezers
By Application
Blood & Blood Products, Organs, Pharmaceuticals, Forensic and Genomic Research, Others
By Companies
Haier, Stirling Ultracold, Helmer Scientific, Arctiko, Binder, Azbil, Panasonic Healthcare Corporation, Thermo Fisher Scientific, Eppendorf
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Chest Ultra-Low Temperature Freezers Market Report Segments:
The global Chest Ultra-Low Temperature Freezers market is segmented on the basis of:
Types
Semi-Automated Freezers, Automated Freezers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Blood & Blood Products, Organs, Pharmaceuticals, Forensic and Genomic Research, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Haier
- Stirling Ultracold
- Helmer Scientific
- Arctiko
- Binder
- Azbil
- Panasonic Healthcare Corporation
- Thermo Fisher Scientific
- Eppendorf
Highlights of The Chest Ultra-Low Temperature Freezers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Semi-Automated Freezers
- Automated Freezers
- By Application:
- Blood & Blood Products
- Organs
- Pharmaceuticals
- Forensic and Genomic Research
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Chest Ultra-Low Temperature Freezers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Chest ultra-low temperature freezers are a type of freezer that is designed to store food at temperatures below 0 degrees Fahrenheit. These freezers can be used to store food items that require low temperatures, such as meat, seafood, and dairy products.
Some of the major players in the chest ultra-low temperature freezers market are Haier, Stirling Ultracold, Helmer Scientific, Arctiko, Binder, Azbil, Panasonic Healthcare Corporation, Thermo Fisher Scientific, Eppendorf.
The chest ultra-low temperature freezers market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chest Ultra-Low Temperature Freezers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Chest Ultra-Low Temperature Freezers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Chest Ultra-Low Temperature Freezers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Chest Ultra-Low Temperature Freezers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Chest Ultra-Low Temperature Freezers Market Size & Forecast, 2018-2028
4.5.1 Chest Ultra-Low Temperature Freezers Market Size and Y-o-Y Growth
4.5.2 Chest Ultra-Low Temperature Freezers Market Absolute $ Opportunity
Chapter 5 Global Chest Ultra-Low Temperature Freezers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Chest Ultra-Low Temperature Freezers Market Size Forecast by Type
5.2.1 Semi-Automated Freezers
5.2.2 Automated Freezers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Chest Ultra-Low Temperature Freezers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Chest Ultra-Low Temperature Freezers Market Size Forecast by Applications
6.2.1 Blood & Blood Products
6.2.2 Organs
6.2.3 Pharmaceuticals
6.2.4 Forensic and Genomic Research
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Chest Ultra-Low Temperature Freezers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Chest Ultra-Low Temperature Freezers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Chest Ultra-Low Temperature Freezers Analysis and Forecast
9.1 Introduction
9.2 North America Chest Ultra-Low Temperature Freezers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Chest Ultra-Low Temperature Freezers Market Size Forecast by Type
9.6.1 Semi-Automated Freezers
9.6.2 Automated Freezers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Chest Ultra-Low Temperature Freezers Market Size Forecast by Applications
9.10.1 Blood & Blood Products
9.10.2 Organs
9.10.3 Pharmaceuticals
9.10.4 Forensic and Genomic Research
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Chest Ultra-Low Temperature Freezers Analysis and Forecast
10.1 Introduction
10.2 Europe Chest Ultra-Low Temperature Freezers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Chest Ultra-Low Temperature Freezers Market Size Forecast by Type
10.6.1 Semi-Automated Freezers
10.6.2 Automated Freezers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Chest Ultra-Low Temperature Freezers Market Size Forecast by Applications
10.10.1 Blood & Blood Products
10.10.2 Organs
10.10.3 Pharmaceuticals
10.10.4 Forensic and Genomic Research
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Chest Ultra-Low Temperature Freezers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Chest Ultra-Low Temperature Freezers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Chest Ultra-Low Temperature Freezers Market Size Forecast by Type
11.6.1 Semi-Automated Freezers
11.6.2 Automated Freezers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Chest Ultra-Low Temperature Freezers Market Size Forecast by Applications
11.10.1 Blood & Blood Products
11.10.2 Organs
11.10.3 Pharmaceuticals
11.10.4 Forensic and Genomic Research
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Chest Ultra-Low Temperature Freezers Analysis and Forecast
12.1 Introduction
12.2 Latin America Chest Ultra-Low Temperature Freezers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Chest Ultra-Low Temperature Freezers Market Size Forecast by Type
12.6.1 Semi-Automated Freezers
12.6.2 Automated Freezers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Chest Ultra-Low Temperature Freezers Market Size Forecast by Applications
12.10.1 Blood & Blood Products
12.10.2 Organs
12.10.3 Pharmaceuticals
12.10.4 Forensic and Genomic Research
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Chest Ultra-Low Temperature Freezers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Chest Ultra-Low Temperature Freezers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Chest Ultra-Low Temperature Freezers Market Size Forecast by Type
13.6.1 Semi-Automated Freezers
13.6.2 Automated Freezers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Chest Ultra-Low Temperature Freezers Market Size Forecast by Applications
13.10.1 Blood & Blood Products
13.10.2 Organs
13.10.3 Pharmaceuticals
13.10.4 Forensic and Genomic Research
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Chest Ultra-Low Temperature Freezers Market: Competitive Dashboard
14.2 Global Chest Ultra-Low Temperature Freezers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Haier
14.3.2 Stirling Ultracold
14.3.3 Helmer Scientific
14.3.4 Arctiko
14.3.5 Binder
14.3.6 Azbil
14.3.7 Panasonic Healthcare Corporation
14.3.8 Thermo Fisher Scientific
14.3.9 Eppendorf
