ULT Freezers Market Scope
Ultra-low temperature freezers (ULT freezers) are also known as bio-freezer that are utilized to preserve viruses, bacteria, drugs, enzymes, chemicals, cell preparations, and tissue samples among others. Their temperature scope is from - 45C to - 86C for the most part. Various top players such as Thermo Fishers and Panasonic Healthcare have developed more energy efficient ultra-low temperature freezers that could save more than 20% of the energy consumed by the ULT freezers.
According to AMA, the Global ULT Freezers market is expected to see growth rate of 3.7%
The Manufacturers having a strong hold in the market are Eppendorf Helmer Scientific Panasonic Biomedical Thermo Fisher Scientific. Research Analyst at AMA estimates that Global Manufacturers will contribute to the maximum growth of Global ULT Freezers market throughout the predicted period.
Eppendorf (Germany), Helmer Scientific (United States), Panasonic Healthcare Corporation (Japan), Thermo Fisher Scientific (United States), Arctiko (Denmark), Bionics Scientific Technologies (India), Glen Dimplex (Ireland), Haier Biomedical (China), REMI GROUP (India) and LABCOLD (United Kingdom) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global ULT Freezers market by Type (Upright ULT freezers and Chest ULT freezers), by Application (Bio-banks, Hospital, Academic & research institute and Others) and Region with country level break-up.
On the basis of geography, the market of ULT Freezers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- Surging emphasis on temperature uniformity and energy efficiency
- A rise of AI deployment in ULT Freezer
Market Drivers
- Gaining prominence of ULT freezers in the biomedical sector
- Growing demand for blood bank storage
- Increasing adoption for storage of high-value pharmaceuticals
Opportunities
- Manufacturers are continuously focusing on the invention of energy saving ultra-low temperature freezer.
- Growing number of plasma and red blood cell transfusion in emerging economies
Restraints
- High cost associated with ultralow temperature freezers
Challenges
- Uncertain performance of temperature alarm system.
Key Target Audience
Hospitals, Research and Development Organisation, Manufacturers, Distributors & Suppliers and Others