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The global Ultra-low Temperature Freezers market size was valued at USD 1064.8 Million in 2022 and will reach USD 912.0 Million in 2028, with a CAGR of -2.55% during 2022-2028.
Ultra-low temperature freezers are used to store samples below -40°C and are available in a variety of formats and sizes, including upright, chest, and countertop models. These freezers are used for the storage of drugs, enzymes, chemicals, viruses, bacteria, cell preparations, and tissue samples, among others.
Influence of COVID-19 Outbreak on Ultra-low Temperature Freezers Industry Development
The COVID-19 has affected millions of people around the world, stimulating the demand for vaccines to reduce infections. As the new crown pneumonia vaccine developed by multinational pharmaceutical companies has entered the later stage of testing, countries have begun to prepare vaccination plans. Among them, several vaccines jointly developed by American
pharmaceutical company Moderna, Pfizer Pharmaceuticals and German BioNTech, and China Zhongwei Biotech Co., Ltd. have entered the third trial stage. But it must be stored at -70°C to maintain its effectiveness. Before a large number of vaccines flooded into the market, the transportation and storage of vaccines became an urgent problem to be solved. Ultra-low temperature freezers can be said to be a feasible solution to this problem. Many pharmaceutical companies have cooperated with ULTF manufacturing companies to store and transport vaccines to various places through ultra-low temperature freezers. Therefore, with rapid vaccine development activities and the specific temperature requirements of certain vaccines, the ultra-low temperature freezer market will grow substantially as the global demand for COVID-19 vaccines grows in the predicted time period.
With the progress of COVID-19 vaccine research and development in many countries, the costly low-temperature transportation link has become a major problem for vaccine use. As biological products, vaccines are extremely sensitive to temperature and often require medical freezers with lower refrigeration temperatures for storage. It is understood that taking the vaccines in Europe and Canada as examples, the vaccine developed by Modena must be transported at minus 20 degrees Celsius; Pfizer vaccine requires more stringent cold chain conditions, requiring storage at minus 70 degrees Celsius. However, since March 2020, the epidemic in Western countries has continued to spread, and a large number of factory supply chains are facing challenges, and global orders are concentrated in China. The harsh cold chain transportation conditions have brought opportunities for Chinese companies that have long been working in this field and possess core technologies. With the great supply capacity, a large number of Chinese companies can obtain a large number of development opportunities in actively responding to a large amount of demand.
Strength
Increasing adoption of environmentally friendly and technologically advanced products will promote the growth of the ultra-low temperature freezer market. Such as the automated technology makes the freezer consume less electricity and lower greenhouse gas emissions when in use.
The increasing use of personalized medicine has affected the demand for ultra-low temperature freezers.
The temperature refrigerator manufacturer has its own mature sales network. In order to obtain a better sales business, a large number of low-
temperature refrigerator manufacturers usually invest in their marketing channel infrastructure every year.
Weakness
Products have high initial costs and expensive maintenance costs
In many medical fields in developing regions, the ultra-low temperature freezers market is monopolized by European and American brands, and the products are expensive, which puts a heavy economic burden on medical institutions, pharmaceutical companies, scientific research departments, and users.
Opportunity
The increasing incidence of various infectious diseases, cancer and other chronic diseases, and the increasing adoption of personalized medicines have accelerated the development of new medicines.
The growing interest in the field of genomes has accelerated various research and development activities including next-generation sequencing.
People's awareness of organ donation continues to increase, and the demand for organ donation is increasing. And the prevalence of chronic diseases is rising, leading to organ failure, which drives the demand for organ donors.
Threat
The temperature freezers manufacturer has its own mature sales network. In order to obtain a better sales business, ultra-low temperature freezers manufacturers usually invest in their marketing channel infrastructure every year.
Due to the global outbreak of COVID-19, the production activities of ULT freezers and the entire industrial chain will be greatly restricted by epidemic prevention and control measures.
Region Overview:
North America had the highest growth rate of all regions.
Company Overview:
Thermo Scientific is one of the major players operating in the Ultra-low Temperature Freezers market, holding a share of 19.04% in 2020.
Thermo Fisher Scientific, Inc. manufactures scientific instruments, consumables, and chemicals. The Company offers analytical instruments, laboratory equipment, software, services, consumables, reagents, chemicals, and supplies to pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions, and government agencies.
PHC Holdings Corporation, Tokyo, Japan, a global leader in development, design and manufacturing of laboratory equipment for biopharmaceutical, life sciences, academic, healthcare and government markets.
Segmentation Overview:
Among different product types, -41°C to -86° C Freezers segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Hospitals and Bio Banks segment occupied the biggest share from 2018 to 2022.
The Ultra-low Temperature Freezers market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Ultra-low Temperature Freezers market covered in Chapter 4:
Thermo Scientific
Panasonic
Arctiko
NuAire
Haier
Stirling Ultracold
So-Low
BINDER GmbH
Eppendorf
Helmer Scientific
In Chapter 12 and Chapter 14.1, on the basis of types, the Ultra-low Temperature Freezers market from 2018 to 2028 is primarily split into:
-41°C to -86°C Freezers
-87°C to -150° C Freezers
Other
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Ultra-low Temperature Freezers market from 2018 to 2028 covers:
Corporate Laboratories
Hospitals and Bio Banks
Universities and Research Institutions
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Ultra-low Temperature Freezers market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Ultra-low Temperature Freezers market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Ultra-low Temperature Freezers industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Ultra-low Temperature Freezers industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Ultra-low Temperature Freezers market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Ultra-low Temperature Freezers market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Ultra-low Temperature Freezers market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Ultra-low Temperature Freezers market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
2022
Ultra-low temperature freezers are used to store samples below -40°C and are available in a variety of formats and sizes, including upright, chest, and countertop models. These freezers are used for the storage of drugs, enzymes, chemicals, viruses, bacteria, cell preparations, and tissue samples, among others.
Influence of COVID-19 Outbreak on Ultra-low Temperature Freezers Industry Development
The COVID-19 has affected millions of people around the world, stimulating the demand for vaccines to reduce infections. As the new crown pneumonia vaccine developed by multinational pharmaceutical companies has entered the later stage of testing, countries have begun to prepare vaccination plans. Among them, several vaccines jointly developed by American
pharmaceutical company Moderna, Pfizer Pharmaceuticals and German BioNTech, and China Zhongwei Biotech Co., Ltd. have entered the third trial stage. But it must be stored at -70°C to maintain its effectiveness. Before a large number of vaccines flooded into the market, the transportation and storage of vaccines became an urgent problem to be solved. Ultra-low temperature freezers can be said to be a feasible solution to this problem. Many pharmaceutical companies have cooperated with ULTF manufacturing companies to store and transport vaccines to various places through ultra-low temperature freezers. Therefore, with rapid vaccine development activities and the specific temperature requirements of certain vaccines, the ultra-low temperature freezer market will grow substantially as the global demand for COVID-19 vaccines grows in the predicted time period.
With the progress of COVID-19 vaccine research and development in many countries, the costly low-temperature transportation link has become a major problem for vaccine use. As biological products, vaccines are extremely sensitive to temperature and often require medical freezers with lower refrigeration temperatures for storage. It is understood that taking the vaccines in Europe and Canada as examples, the vaccine developed by Modena must be transported at minus 20 degrees Celsius; Pfizer vaccine requires more stringent cold chain conditions, requiring storage at minus 70 degrees Celsius. However, since March 2020, the epidemic in Western countries has continued to spread, and a large number of factory supply chains are facing challenges, and global orders are concentrated in China. The harsh cold chain transportation conditions have brought opportunities for Chinese companies that have long been working in this field and possess core technologies. With the great supply capacity, a large number of Chinese companies can obtain a large number of development opportunities in actively responding to a large amount of demand.
Strength
Increasing adoption of environmentally friendly and technologically advanced products will promote the growth of the ultra-low temperature freezer market. Such as the automated technology makes the freezer consume less electricity and lower greenhouse gas emissions when in use.
The increasing use of personalized medicine has affected the demand for ultra-low temperature freezers.
The temperature refrigerator manufacturer has its own mature sales network. In order to obtain a better sales business, a large number of low-
temperature refrigerator manufacturers usually invest in their marketing channel infrastructure every year.
Weakness
Products have high initial costs and expensive maintenance costs
In many medical fields in developing regions, the ultra-low temperature freezers market is monopolized by European and American brands, and the products are expensive, which puts a heavy economic burden on medical institutions, pharmaceutical companies, scientific research departments, and users.
Opportunity
The increasing incidence of various infectious diseases, cancer and other chronic diseases, and the increasing adoption of personalized medicines have accelerated the development of new medicines.
The growing interest in the field of genomes has accelerated various research and development activities including next-generation sequencing.
People's awareness of organ donation continues to increase, and the demand for organ donation is increasing. And the prevalence of chronic diseases is rising, leading to organ failure, which drives the demand for organ donors.
Threat
The temperature freezers manufacturer has its own mature sales network. In order to obtain a better sales business, ultra-low temperature freezers manufacturers usually invest in their marketing channel infrastructure every year.
Due to the global outbreak of COVID-19, the production activities of ULT freezers and the entire industrial chain will be greatly restricted by epidemic prevention and control measures.
Region Overview:
North America had the highest growth rate of all regions.
Company Overview:
Thermo Scientific is one of the major players operating in the Ultra-low Temperature Freezers market, holding a share of 19.04% in 2020.
Thermo Fisher Scientific, Inc. manufactures scientific instruments, consumables, and chemicals. The Company offers analytical instruments, laboratory equipment, software, services, consumables, reagents, chemicals, and supplies to pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions, and government agencies.
PHC Holdings Corporation, Tokyo, Japan, a global leader in development, design and manufacturing of laboratory equipment for biopharmaceutical, life sciences, academic, healthcare and government markets.
Segmentation Overview:
Among different product types, -41°C to -86° C Freezers segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Hospitals and Bio Banks segment occupied the biggest share from 2018 to 2022.
The Ultra-low Temperature Freezers market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Ultra-low Temperature Freezers market covered in Chapter 4:
Thermo Scientific
Panasonic
Arctiko
NuAire
Haier
Stirling Ultracold
So-Low
BINDER GmbH
Eppendorf
Helmer Scientific
In Chapter 12 and Chapter 14.1, on the basis of types, the Ultra-low Temperature Freezers market from 2018 to 2028 is primarily split into:
-41°C to -86°C Freezers
-87°C to -150° C Freezers
Other
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Ultra-low Temperature Freezers market from 2018 to 2028 covers:
Corporate Laboratories
Hospitals and Bio Banks
Universities and Research Institutions
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Ultra-low Temperature Freezers market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Ultra-low Temperature Freezers market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Ultra-low Temperature Freezers industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Ultra-low Temperature Freezers industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Ultra-low Temperature Freezers market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Ultra-low Temperature Freezers market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Ultra-low Temperature Freezers market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Ultra-low Temperature Freezers market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
