Market Definition: Laboratory Freezers Market
Global Laboratory Freezers Market is set to rise from its initial estimated value of USD 1376.82 million in 2018 to an estimated value of USD 2161.53 million in 2026, registering a CAGR of 5.80%in the forecast period of 2019-2026.
Laboratory freezers are electronic devices used to store chemicals, enzymes and important reagents used in medical laboratory, pharmaceutical industries and blood banks. There are different type of freezers like plasma freezers, enzyme freezers, Flammable Material and Explosion-Proof Freezers.
Flammable Material and Explosion-Proof Freezers are safe for storage of the flammable and volatile materials and prevent from the explosion. These are designed as per theUS Pharmacopeia standards for drug storage as well as NFPA and OSHA standards. While plasma freezers are designed are per the FDA, ANRC and AABB.
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Key Market Competitors: Laboratory Freezers Market
Few of the major competitors are AGA Marvel (USA), Azbil Telstar, S.L. (Spain), Carbolite GERO Ltd. (UK), Chart Industries, Inc. (USA), Cole-Parmer Instrument Company (USA), Eppendorf AG (Germany), Helmer Scientific (USA), Haier Biomedical (China), Labcold Ltd. (UK), NuAire Inc. (USA), Panasonic Healthcare Holdings Co., Ltd. (Japan), Philipp Kirsch GmbH (Germany), Sheldon Manufacturing, Inc. (USA), Thermo Fisher Scientific, Inc. (USA), Worthington Industries (USA), VWR Corporation (U.S.), ARCTIKO A/S (Europe), Biomedical Solutions Inc. (U.S.), EVERmed S.R.L. (Italy), Angelantoni Life Science (Italy), BINDER (Germany), Advantage Business Marketing (U.S.), C.F. di Ciro Fiocchetti & C. s.n.c. (Italy), Lab Research Products (Denmark) and Huurre Group (Finland).
The report performs the study of market drivers and market restraints thoroughly along with the analysis of the market structure. This market report endows with the plentiful insights and business solutions that will help to stay ahead of the competition. A class and transparency is strictly maintained while carrying out research studies of this report to offer an exceptional market research report for a specific niche. Businesses can achieve better insights to drive the business into right direction with the different segments covered in the market research report. This market analysis examines various segments which help for the quickest development amid the estimated forecast frame.
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Major Market Drivers & Restraints are as follows:
- Increasing rate of geriatric population
- Rising demand for blood and blood components for transfusion and production of biopharmaceuticals
- Increasing Number of organ transplant procedures.
- Technological advancements in refrigerators or laboratory freezers
- High maintenance costs, and energy costs of laboratory freezers & refrigerators and growing use of refurbished equipment
Market Segmentation: Laboratory Freezers Market
- The Global Laboratory Freezers Market is segmented based on product type, end user and geographical segments.
- Based on Product type, the market is segmented into freezers, refrigerators and cryopreservation systems
- Based on End user, the market is segmented into blood banks, pharmaceutical & biotechnology companies, academic & research institutes, medical laboratories, hospitals and pharmacies
- Based on Geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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The global laboratory freezers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of laboratory freezers market for global, Europe, North America, Asia Pacific and South America.
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