Product Code: 138067-01-23
Ultra-low temperature freezers (ULT freezers) are among the most crucial equipment used in healthcare sector to preserve biological samples, drugs, pathogens and others. ULT freezers are designed to operate between -460C to -860C. Thus, ultra-low temperature freezers have become highly popular in medical and R&D sectors to effectively preserve drugs, body organs and blood samples among others. Rising incidences of cancer and other infectious diseases is one of the prominent factors stimulating the market growth.
According to product type, the market is segmented into chest and upright ultra-low temperature freezers. Upright freezers dominated the market in 2021, owing to higher reliability and sophisticated design. Industry players are concentrating more on reducing energy consumption and further enhancing product design. Subsequently, the segment would retain its dominance in the market over the forecast period. Cost-effectiveness coupled with high storage capacity provided by chest freezers is estimated to ensure high segment growth worldwide during the forecast period. However, high energy consumption and manufacturing cost are some of the challenges for the market.
Rising investment towards life science research & development of orphan drugs is positively impacting the ULT freezers market growth. Presence of organizations (including Bills and Melinda), funding for effective research to cure widespread diseases is further expected to drive the ULT market in coming years. Technological advancement in ULT freezers including mobility, natural refrigerants and provision for maintaining temperature uniformity has ensured strong penetration of these equipment across the world.
Growing adoption of personalized medicines is also one of the most promising factors, influencing the demand for ultra-low temperature freezers. Similarly, rising demand for high value pharmaceuticals storage from hospitals, blood banks and research & academic institutes is another important factor supporting the market growth. Presence of microprocessor control panel coupled with air filters are some additive factors, stimulating the market growth. Furthermore, growing awareness about blood donation camps and body organ donations also has significant contribution to ULT freezers market growth.
Major drivers of ultra-low temperature freezers:
- Rising prevalence of chronic diseases
- Universal demand for high efficiency products
- Growing investments in life science research
- Growing emphasis on temperature uniformity
Major restraint of ultra-low temperature freezers:
- High initial costs and expensive maintenance
Key players identified for ultra-low temperature freezer market include but are not limited to:
Eppendrop AG, Antech Group, Inc., Helmer Scientific, Panasonic Healthcare Co., Ltd., Thermo Fisher Scientific, Inc., Arctiko A/S, Bionics Scientific Technologies Pvt. Ltd., GlenDimplex Company, Haier Biomedical, LABCOLD Ltd., Azbil Telstar, S.L., Global Cooling Inc. And Others.
Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Ultra-low Temperature (ULT) Freezers market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Ultra-low Temperature (ULT) Freezers market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Type
- Chest freezers
- Upright freezers
Technology
Application
- Blood & Blood products
- Bio-banks
- Hospitals
- Pharmaceutical Manufacturing
- Academic & Research Institutes
- Forensic & Genomics Research
Region Segment (2021-2031; US$ Million)
- North America
- U.S.
- Canada
- Rest of North America
- UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
Key questions answered in this report:
- What are the key micro and macro environmental factors that are impacting the growth of Ultra-low Temperature (ULT) Freezers market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2031.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Ultra-low Temperature (ULT) Freezers market?
- Which is the largest regional market for Ultra-low Temperature (ULT) Freezers market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Ultra-low Temperature (ULT) Freezers market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Ultra-low Temperature (ULT) Freezers market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Ultra-low Temperature (ULT) Freezers Market
- 2.2. Global Ultra-low Temperature (ULT) Freezers Market, By Type, 2022 (US$ Million)
- 2.3. Global Ultra-low Temperature (ULT) Freezers Market, By Technology, 2022 (US$ Million)
- 2.4. Global Ultra-low Temperature (ULT) Freezers Market, By Application, 2022 (US$ Million)
- 2.5. Global Ultra-low Temperature (ULT) Freezers Market, By Geography, 2022 (US$ Million)
- 2.6. Attractive Investment Proposition by Geography, 2022
3. Ultra-low Temperature (ULT) Freezers Market: Competitive Analysis
- 3.1. Market Positioning of Key Ultra-low Temperature (ULT) Freezers Market Vendors
- 3.2. Strategies Adopted by Ultra-low Temperature (ULT) Freezers Market Vendors
- 3.3. Key Industry Strategies
- 3.4. Tier Analysis 2022 Versus 2031
4. Ultra-low Temperature (ULT) Freezers Market: Macro Analysis & Market Dynamics
- 4.1. Introduction
- 4.2. Global Ultra-low Temperature (ULT) Freezers Market Value, 2021 - 2031, (US$ Million)
- 4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
- 4.4. Impact Analysis of Drivers and Restraints
- 4.5. See-Saw Analysis
5. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2022 Versus 2031
- 5.3. Market Segmentation
- 5.3.1. Chest freezers
- 5.3.2. Upright freezers
6. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2022 Versus 2031
- 6.3. Market Segmentation
- 6.3.1. Automated
- 6.3.2. Semi-automated
7. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 7.1. Market Overview
- 7.2. Growth & Revenue Analysis: 2022 Versus 2031
- 7.3. Market Segmentation
- 7.3.1. Blood & Blood products
- 7.3.2. Bio-banks
- 7.3.3. Hospitals
- 7.3.4. Pharmaceutical Manufacturing
- 7.3.5. Academic & Research Institutes
- 7.3.6. Forensic & Genomics Research
8. North America Ultra-low Temperature (ULT) Freezers Market, 2021-2031, USD (Million)
- 8.1. Market Overview
- 8.2. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 8.3. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 8.4. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 8.5.Ultra-low Temperature (ULT) Freezers Market: By Region, 2021-2031, USD (Million)
- 8.5.1.North America
- 8.5.1.1. U.S.
- 8.5.1.1.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 8.5.1.1.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 8.5.1.1.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 8.5.1.2. Canada
- 8.5.1.2.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 8.5.1.2.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 8.5.1.2.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 8.5.1.3. Rest of North America
- 8.5.1.3.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 8.5.1.3.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 8.5.1.3.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
9. UK and European Union Ultra-low Temperature (ULT) Freezers Market, 2021-2031, USD (Million)
- 9.1. Market Overview
- 9.2. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 9.3. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 9.4. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 9.5.Ultra-low Temperature (ULT) Freezers Market: By Region, 2021-2031, USD (Million)
- 9.5.1.UK and European Union
- 9.5.1.1. UK
- 9.5.1.1.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 9.5.1.1.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 9.5.1.1.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 9.5.1.2. Germany
- 9.5.1.2.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 9.5.1.2.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 9.5.1.2.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 9.5.1.3. Spain
- 9.5.1.3.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 9.5.1.3.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 9.5.1.3.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 9.5.1.4. Italy
- 9.5.1.4.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 9.5.1.4.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 9.5.1.4.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 9.5.1.5. France
- 9.5.1.5.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 9.5.1.5.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 9.5.1.5.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 9.5.1.6. Rest of Europe
- 9.5.1.6.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 9.5.1.6.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 9.5.1.6.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
10. Asia Pacific Ultra-low Temperature (ULT) Freezers Market, 2021-2031, USD (Million)
- 10.1. Market Overview
- 10.2. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 10.3. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 10.4. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 10.5.Ultra-low Temperature (ULT) Freezers Market: By Region, 2021-2031, USD (Million)
- 10.5.1.Asia Pacific
- 10.5.1.1. China
- 10.5.1.1.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 10.5.1.1.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 10.5.1.1.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 10.5.1.2. Japan
- 10.5.1.2.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 10.5.1.2.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 10.5.1.2.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 10.5.1.3. India
- 10.5.1.3.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 10.5.1.3.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 10.5.1.3.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 10.5.1.4. Australia
- 10.5.1.4.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 10.5.1.4.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 10.5.1.4.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 10.5.1.5. South Korea
- 10.5.1.5.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 10.5.1.5.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 10.5.1.5.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 10.5.1.6. Rest of Asia Pacific
- 10.5.1.6.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 10.5.1.6.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 10.5.1.6.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
11. Latin America Ultra-low Temperature (ULT) Freezers Market, 2021-2031, USD (Million)
- 11.1. Market Overview
- 11.2. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 11.3. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 11.4. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 11.5.Ultra-low Temperature (ULT) Freezers Market: By Region, 2021-2031, USD (Million)
- 11.5.1.Latin America
- 11.5.1.1. Brazil
- 11.5.1.1.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 11.5.1.1.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 11.5.1.1.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 11.5.1.2. Mexico
- 11.5.1.2.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 11.5.1.2.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 11.5.1.2.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 11.5.1.3. Rest of Latin America
- 11.5.1.3.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 11.5.1.3.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 11.5.1.3.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
12. Middle East and Africa Ultra-low Temperature (ULT) Freezers Market, 2021-2031, USD (Million)
- 12.1. Market Overview
- 12.2. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 12.3. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 12.4. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 12.5.Ultra-low Temperature (ULT) Freezers Market: By Region, 2021-2031, USD (Million)
- 12.5.1.Middle East and Africa
- 12.5.1.1. GCC
- 12.5.1.1.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 12.5.1.1.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 12.5.1.1.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 12.5.1.2. Africa
- 12.5.1.2.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 12.5.1.2.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 12.5.1.2.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
- 12.5.1.3. Rest of Middle East and Africa
- 12.5.1.3.1. Ultra-low Temperature (ULT) Freezers Market: By Type, 2021-2031, USD (Million)
- 12.5.1.3.1. Ultra-low Temperature (ULT) Freezers Market: By Technology, 2021-2031, USD (Million)
- 12.5.1.3.1. Ultra-low Temperature (ULT) Freezers Market: By Application, 2021-2031, USD (Million)
13. Company Profile
- 13.1. Eppendrop AG
- 13.1.1. Company Overview
- 13.1.2. Financial Performance
- 13.1.3. Product Portfolio
- 13.1.4. Strategic Initiatives
- 13.2. Antech Group, Inc.
- 13.2.1. Company Overview
- 13.2.2. Financial Performance
- 13.2.3. Product Portfolio
- 13.2.4. Strategic Initiatives
- 13.3. Helmer Scientific
- 13.3.1. Company Overview
- 13.3.2. Financial Performance
- 13.3.3. Product Portfolio
- 13.3.4. Strategic Initiatives
- 13.4. Panasonic Healthcare Co., Ltd.
- 13.4.1. Company Overview
- 13.4.2. Financial Performance
- 13.4.3. Product Portfolio
- 13.4.4. Strategic Initiatives
- 13.5. Thermo Fisher Scientific, Inc.
- 13.5.1. Company Overview
- 13.5.2. Financial Performance
- 13.5.3. Product Portfolio
- 13.5.4. Strategic Initiatives
- 13.6. Arctiko A/S
- 13.6.1. Company Overview
- 13.6.2. Financial Performance
- 13.6.3. Product Portfolio
- 13.6.4. Strategic Initiatives
- 13.7. Bionics Scientific Technologies Pvt. Ltd.
- 13.7.1. Company Overview
- 13.7.2. Financial Performance
- 13.7.3. Product Portfolio
- 13.7.4. Strategic Initiatives
- 13.8. GlenDimplex Company
- 13.8.1. Company Overview
- 13.8.2. Financial Performance
- 13.8.3. Product Portfolio
- 13.8.4. Strategic Initiatives
- 13.9. Haier Biomedical
- 13.9.1. Company Overview
- 13.9.2. Financial Performance
- 13.9.3. Product Portfolio
- 13.9.4. Strategic Initiatives
- 13.10. LABCOLD Ltd.
- 13.10.1. Company Overview
- 13.10.2. Financial Performance
- 13.10.3. Product Portfolio
- 13.10.4. Strategic Initiatives
- 13.11. Azbil Telstar, S.L.
- 13.11.1. Company Overview
- 13.11.2. Financial Performance
- 13.11.3. Product Portfolio
- 13.11.4. Strategic Initiatives
- 13.12. Global Cooling Inc.
- 13.12.1. Company Overview
- 13.12.2. Financial Performance
- 13.12.3. Product Portfolio
- 13.12.4. Strategic Initiatives
- 13.13. Others
- 13.13.1. Company Overview
- 13.13.2. Financial Performance
- 13.13.3. Product Portfolio
- 13.13.4. Strategic Initiatives