Laboratory Freezers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Laboratory Freezers Market is Segmented By Type (Plasma Freezers, Enzyme Freezers, Flammable Material Freezers, and Others), End-User, and Geography

Market Snapshot

Laboratory Freezers Market Size
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.5 %
Laboratory Freezers Market Key Players

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Market Overview

Laboratory freezers are normally used in hospitals and industrial sectors. Certain factors that are driving the market growth include increasing demand for blood and blood components, rising number of organ transplant procedures and technological advancements in laboratory freezers.

The rising number of organ transplant procedure is the key factor that drives the growth of the global market. According to a global database on donation and transplantation, in 2017, around 139,024 organs were transplanted annually, which is an increase of 7.25% over 2015. Furthermore, government support for the development of technologically advanced products will further accelerate market growth. For instance, the European Commission’s Medical Device Directive has employed certain requirements and regulations for the freezers to safeguard the storage of blood and blood components. Hence, with the rising number of organ transplant procedures and increased awareness drives the demand of this market.

However, the high cost of laboratory freezers is expected to hamper the growth of the global market.

Scope of the Report

As per the scope of the report, Laboratory freezers are devices used to store chemicals, enzymes and important reagents used in medical laboratory, pharmaceutical industries and blood banks.

By Type
Plasma Freezers
Enzyme Freezers
Flammable Material Freezers
Others
By End User
Blood Banks
Medical Laboratories
Pharmaceutical & Biotechnology Companies
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Blood Banks Segment is expected to dominate the Market

Based on End-user, the market has been segmented into Blood Banks, Medical Laboratories, Pharmaceutical & Biotechnology Companies, and Others. The blood bank segment is driven by high demand for blood and blood components due to the rising prevalence of blood disorders such as sickle cell anemia, blood cancer, and hemophilia. According to the American Cancer Society, in 2019, around 176,200 people in the US are diagnosed with leukemia, lymphoma or myeloma. In addition, several government initiatives for spreading awareness regarding blood donation has also increased the usage of laboratory freezers.

Laboratory Freezers Market Trends

North America dominates the Laboratory Freezers Market

North America has multiple factors, which support the growth of this market, better than other geographic regions. Some factors include increase in R&D activities in the pharmaceutical & biotechnology industries, advanced health care infrastructure and rising organ transplant procedures. According to U.S. Department of Health and Human Services, on average, 95 transplants take place each day in the U.S., The region is also supported by multiple international companies being collaborated with many major hospital chains, which drives the business of the studied market.

Asia-Pacific is expected to grow at a faster pace, owing to the presence of large patient pool, rapid population growth, and increase in research and development activities in this region.

Laboratory Freezers Market Analysis

Competitive Landscape

The market studied is moderately competitive. Some of the major players in the laboratory freezers market include Arctiko A/S, Avantor, Inc. (VWR International), Biomedical Solutions Inc., Eppendorf AG, Evermed S.R.L., Haier lnc., Helmer Scientific, Panasonic Healthcare Co., Ltd., Philipp Kirsch GmbH, and Thermo Fisher Scientific, Inc. which provides these products across the globe.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Demand for Blood and Blood Components

      2. 4.2.2 Growing Number of Organ Transplant Procedures

      3. 4.2.3 Technological Advancements in Laboratory Freezers

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Laboratory Freezers

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Plasma Freezers

      2. 5.1.2 Enzyme Freezers

      3. 5.1.3 Flammable Material Freezers

      4. 5.1.4 Others

    2. 5.2 By End User

      1. 5.2.1 Blood Banks

      2. 5.2.2 Medical Laboratories

      3. 5.2.3 Pharmaceutical & Biotechnology Companies

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Arctiko A/S

      2. 6.1.2 Avantor, Inc. (VWR International)

      3. 6.1.3 Biomedical Solutions Inc.

      4. 6.1.4 Eppendorf AG

      5. 6.1.5 Evermed S.R.L.

      6. 6.1.6 Haier lnc.

      7. 6.1.7 Helmer Scientific

      8. 6.1.8 Panasonic Healthcare Co., Ltd.

      9. 6.1.9 Philipp Kirsch GmbH

      10. 6.1.10 Thermo Fisher Scientific, Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Laboratory Freezers Market market is studied from 2018 - 2026.

The Laboratory Freezers Market is growing at a CAGR of 4.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Arctiko A/S, Biomedical Solutions Inc.,, Eppendorf AG, Haier lnc.,, Thermo Fisher Scientific, Inc. are the major companies operating in Laboratory Freezers Market.

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