The report for Global Ultra-low Temperature Freezer Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.
The global Ultra-Low Temperature Freezer Market is expected to reach USD 701.4 million by the end of the forecasted period and is expected to grow at a CAGR of 2.7%.
Ultra-low temperature freezers (ULT freezers) are the type of bio-freezers that utilized for the preservation of viruses, bacteria, drugs, enzymes, chemicals, cell preparations and tissue samples among others. They generally have a temperature range of - 45C to - 86C. There are majorly two types of ULT freezers; Upright and Chest ULT freezers.
Key Finding:
The global ultra-low temperature freezer market and is expected to reach USD 701.4 million by 2022.
Regionally, North America holds the largest market share for global Ultra-low temperature freezer market and is expected to reach USD 393.9 million by 2022.
Asia-Pacific market is expected to be the fastest growing market, and expected to reach at USD 152.5 million by 2022.
On the basis of type, upright ULT freezers segment holds largest market share.
Prominent Key Players for Global Ultra-Low Temperature Freezer Market:
Panasonic Healthcare Corporation of North America, VWR International, Helmer Scientific, Haier, Eppendrof AG, Thermofisher Scientific Inc. and others.
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Segments:
Global Ultra-low temperature freezer market has been segmented on the basis of type which comprises of upright ULT freezers, chest ULT freezers. On the basis of end user; market is segmented into bio-banks, hospital, academic & research institute and others
Regional Analysis of Global Ultra-Low Temperature Freezer Market:
Globally North America is the largest market for ultra-low temperature freezer. The North American market for Ultra-low temperature freezer is expected to reach at USD 393.9 Million by the end of the forecasted period.
Europe is the second-largest market for ultra-low temperature freezer which is expected to grow at a CAGR of 2.8%. Asia pacific region is expected to be fastest growing region in Ultra-low temperature freezer market.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 DEFINITION
1.2 SCOPE OF STUDY
1.3 RESEARCH OBJECTIVE
1.4 ASSUMPTIONS & LIMITATIONS
1.4.1 ASSUMPTIONS
1.4.2 LIMITATIONS
1.5 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
3 MARKET DYNAMICS
3.1 DRIVERS
3.1.1 GROWING PREVALENCE OF CHRONIC DISEASES
3.1.2 NEED FOR HIGH-EFFICIENCY PRODUCTS
3.1.3 ALTERNATIVE REFRIGERATION CYCLES: BETTER OPTION OVER CONVENTIONAL CASCADE
3.1.4 DEMAND FOR ENVIRONMENT-FRIENDLY REFRIGERATORS
3.1.5 INCREASING BIOMEDICAL R&D SPENDING IN ASIAN COUNTRIES
3.2 RESTRAINTS
3.2.1 HIGH COST AND MAINTENANCE
3.2.2 ETHICAL ISSUE RELATED TO EMBRYOS FREEZING
3.3 OPPORTUNITIES
3.3.1 ENERGY EFFICIENT DESIGNS
3.4 CHALLENGES
4 MARKET FACTOR ANALYSIS
…Continued
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