This report analyzes the current and future scenario of the global ultra-low temperature freezers market. Ultra-low temperature freezers are one of the critical storage and preservation devices in the life sciences and material sciences industries. Biological samples and other valuable compounds and specimen are stored in ULT freezers at temperatures ranging from -41 °C to -150 °C for long term preservation. Increase in demand for preservation of biological sample, drug compounds, botanical & plant samples, etc. for scientific research is projected to drive demand for ULT freezers during the forecast period.

This report on the global ultra-low temperature freezers market comprises an elaborate executive summary, including a market snapshot that provides information about various segments of the market. The report also provides information and data analysis of the global market with respect to its segments based on product, degree of cooling, application, end-user, and region. A detailed qualitative analysis of drivers, restraints, and opportunities of the market has been provided in the overview section. Additionally, the market outlook section offers key insights of the global market such as winning imperatives based on top 3 players, key brand/product analysis, and industry & technological developments. The competition landscape section comprises a competitive matrix and company profiles with a business overview to project the competitive landscape of the market. It also provides market attractiveness analysis in terms of region and key strategies adopted by players, thereby presenting a thorough analysis of the overall competitive scenario prevailing in the global ultra-low temperature freezers market.

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Global Ultra-low Temperature Freezers market Witness Most Promising Rise in Demand

The ultra-low temperature freezers market is expected to see positive growth in the forecast period of 2018-2026. An ultra-low-temperature freezer has a freezing range of -45 to -86 degrees Celsius. It is prominently used for the storage of chemicals, viruses, tissue samples, drugs, enzymes, and others.  Ultra-low temperature freezers are also used by pharmaceutical companies for clinical testing processes.

The global ultra-low temperature freezers market was valued at US$ 500.0 Mn in 2017 and is projected to expand at a CAGR of 5.0% from 2018 to 2026 to reach US$ 800.0 Mn in 2026. Rise in demand for collection & preservation of rare and valuable biological samples for scientific research and future references is projected to drive adoption of ultra-low temperature (ULT) freezers. Advances in research and knowledgebase of various disease and disorder pathologies is resulting in the development of new therapeutics such as biological drugs, personalized medicines, and stem cell based therapies. This is expected to drive demand for their safe and long-term preservation, thereby creating demand for advanced ULT freezers. Lower replacement rate owing to long life of ULT freezers and practice of shared facilities are the key areas of concern.

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The COVID-19 outbreak has grappled the entire world with its dangerous effects, reaching over a million positive cases. Researchers are in the process of developing a vaccine. To preserve the novel coronavirus samples, ultra-low temperature freezers are necessary. For instance, the BINDER CO2 freezer is helping the scientists and researchers in preserving the coronavirus samples. These freezers are vital as they provide safety as well as anti-contamination properties. Hence, this can prove to be a breeding ground for the growth of the ultra-low temperature freezers market.

 Key Players of Ultra-low Temperature Freezers Market Report:

Prominent players operating in the global ultra-low temperature freezers market include Thermo Fisher Scientific, Inc., PHC Holdings Corporation (Panasonic Biomedical), Haier Biomedical, Eppendorf AG, Arctiko A/S, Helmer Scientific, Abzil Telstar S.L., Labcold Ltd., Bionics Scientific Technologies (P) Ltd., and Global Cooling, Inc. Thermo Fisher Scientific offers one of the industry leading and widest range of ULT freezers and has strong presence in the global market. Panasonic Biomedical and Haier Biomedical are leading players in their respective domestic markets, Japan and China. These players also account for significant share of the global market. These key players emphasize on development and introduction of new and advanced ULT freezers to remain competitive in the market. Moreover, there are several players at regional level who compete on pricing. Post sales services and support is one of the key differentiating criteria among the key players.

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