Market Overview:
The global cryogenic ULT 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 cryogenic ULT freezers from corporate laboratories, hospitals and blood centers, universities and research institutions, and other end-users. Additionally, the growing adoption of cryogenic ULT freezers for storage of biological samples is also contributing to the growth of this market. However, factors such as high cost and lack of awareness about these devices are restraining the growth of this market.
Product Definition:
Cryogenic ULT freezers are used to store biological specimens at very low temperatures. The importance of cryogenic ULT freezers is that they allow researchers to keep samples frozen for long periods of time, which can be important for studying the effects of cold on biological specimens.
Vertical:
Vertical is the term used for a temperature difference between the top and bottom of a storage freezer. The greater the vertical, generally means more cold air can be stored at a higher level in an insulated chamber. The amount of cold air that can be stored depends on factors such as construction, insulation type and material (foil or fiberglass), door placement (top or side) and overall size & shape of the chamber within which it is built.
Horizontal:
Horizontal is the most commonly used type of freezers in cryogenic applications. It's a simple, robust and cost-effective design that can be built in various configurations to suit specific requirements. Horizontal freezers are available with different compartments or levels of isolation to store samples at different temperatures.
The main advantages of horizontal designs include low space requirement.
Application Insights:
The other application segment accounted for the largest share in 2017 and is expected to witness significant growth over the forecast period. Cryogenic ULT freezers are widely used in various industries including food and beverage, biotechnology, chemical manufacturing, pulp and paper, mining, petroleum exploration for storing biological samples at -80°C freezer temperature.
Cryopreservation of human spermatozoa and eggs is an emerging technology that has gained widespread acceptance among researchers working in the field of reproductive medicine. The technique involves cryopreservation of human sperms or eggs using liquid nitrogen as well as frozen sperms or eggs withcryo-preserved genetic material (Karyotype) for future use during pregnancy or through assisted reproduction procedures involving a female partner with compatible egg/sperm donor genotype.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D activities and rising number of pharmaceutical companies in North America, which require ULT freezers for storage of chemicals and medicines at low temperature. Europe also held a significant share in the global market owing to high demand from several major industries including biotechnology, food & beverage, research institutes/universities etc. Moreover, presence of several cryogenic manufacturers coupled with technological advancements by these players is one more reason responsible for growth in this region as well (Siemens AG; warmly welcome back your old friend - freezer!).
Growth Factors:
- Increasing demand for cryogenic ULT freezers from the life sciences sector for storage of biologics and other temperature-sensitive samples.
- Growing demand for cryogenic ULT freezers from the food and beverage industry to store frozen food items and ingredients.
- Rising number of research institutes and universities that are using cryogenic ULT freezers to store sensitive research samples.
- Increasing adoption of cryogenic ULT freezers in hospitals and clinics for storage of blood products, vaccines, and other medical supplies.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cryogenic ULT Freezers Market Research Report
By Type
Vertical, Horizontal
By Application
Corporate Laboratories, Hospitals and Blood Centers, Universities and Research Institutions, Other
By Companies
PHCbi, Thermo Scientific, Biolab Scientific, BINDER GmbH, Arctiko, Eppendorf, Haier, So-Low, Zhongke Meiling, Froilabo, Nuaire, Esco Global, VWR, Operon
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
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Cryogenic ULT Freezers Market Report Segments:
The global Cryogenic ULT Freezers market is segmented on the basis of:
Types
Vertical, Horizontal
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
Corporate Laboratories, Hospitals and Blood Centers, Universities and Research Institutions, Other
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:
- PHCbi
- Thermo Scientific
- Biolab Scientific
- BINDER GmbH
- Arctiko
- Eppendorf
- Haier
- So-Low
- Zhongke Meiling
- Froilabo
- Nuaire
- Esco Global
- VWR
- Operon
Highlights of The Cryogenic ULT 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:
- Vertical
- Horizontal
- By Application:
- Corporate Laboratories
- Hospitals and Blood Centers
- Universities and Research Institutions
- Other
- 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 Cryogenic ULT 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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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?
Cryogenic ULT Freezers are used to store and preserve biological specimens at very low temperatures.
Some of the major companies in the cryogenic ult freezers market are PHCbi, Thermo Scientific, Biolab Scientific, BINDER GmbH, Arctiko, Eppendorf, Haier, So-Low, Zhongke Meiling, Froilabo, Nuaire, Esco Global, VWR, Operon.
The cryogenic ult freezers market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cryogenic ULT 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 Cryogenic ULT Freezers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cryogenic ULT 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 Cryogenic ULT 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 Cryogenic ULT Freezers Market Size & Forecast, 2020-2028
4.5.1 Cryogenic ULT Freezers Market Size and Y-o-Y Growth
4.5.2 Cryogenic ULT Freezers Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Vertical
5.2.2 Horizontal
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Corporate Laboratories
6.2.2 Hospitals and Blood Centers
6.2.3 Universities and Research Institutions
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cryogenic ULT 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 Cryogenic ULT 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Vertical
9.6.2 Horizontal
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 Market Size Forecast by Applications
9.10.1 Corporate Laboratories
9.10.2 Hospitals and Blood Centers
9.10.3 Universities and Research Institutions
9.10.4 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Vertical
10.6.2 Horizontal
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 Market Size Forecast by Applications
10.10.1 Corporate Laboratories
10.10.2 Hospitals and Blood Centers
10.10.3 Universities and Research Institutions
10.10.4 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Vertical
11.6.2 Horizontal
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 Market Size Forecast by Applications
11.10.1 Corporate Laboratories
11.10.2 Hospitals and Blood Centers
11.10.3 Universities and Research Institutions
11.10.4 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Vertical
12.6.2 Horizontal
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 Market Size Forecast by Applications
12.10.1 Corporate Laboratories
12.10.2 Hospitals and Blood Centers
12.10.3 Universities and Research Institutions
12.10.4 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Vertical
13.6.2 Horizontal
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) Market Size Forecast by Applications
13.10.1 Corporate Laboratories
13.10.2 Hospitals and Blood Centers
13.10.3 Universities and Research Institutions
13.10.4 Other
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 Cryogenic ULT Freezers Market: Competitive Dashboard
14.2 Global Cryogenic ULT Freezers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PHCbi
14.3.2 Thermo Scientific
14.3.3 Biolab Scientific
14.3.4 BINDER GmbH
14.3.5 Arctiko
14.3.6 Eppendorf
14.3.7 Haier
14.3.8 So-Low
14.3.9 Zhongke Meiling
14.3.10 Froilabo
14.3.11 Nuaire
14.3.12 Esco Global
14.3.13 VWR
14.3.14 Operon
