PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1337518
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1337518
Ultra-Low Temperature Freezers Market Introduction and Overview
According to SPER Market Research, 'Ultra-Low Temperature Freezers Market Size- By Type, By Capacity, By Application, By Technology, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Ultra-Low Temperature Freezers Market is predicted to reach USD 1.05 billion by 2033 with a CAGR of 5.02%.
Ultra-low temperature (ULT) freezers are predominantly utilized to maintain products at extremely low temperatures, serving as vital tools for preserving valuable drug compounds, biological samples, and specimens. These freezers have become standard equipment in research and development as well as medical sectors, enabling efficient storage of drugs, blood samples, body organs, and other essential materials.
The COVID-19 pandemic significantly impacted the market's growth as the storage and distribution of large quantities of vaccines, requiring ultra-low temperature freezers, became essential. The short-term effects were mainly seen in disruptions to the supply chain and production challenges caused by reduced demand and transportation of raw materials. However, over a more extended period, COVID-19 is expected to have a predominantly positive impact on businesses, driven by the expansion of biobanks and plasma therapies.
Scope of the Report
Report Metric Details:
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Type, By Capacity, By Application, By Technology, By End User
Regions covered Asia-Pacific, Middle East and Africa, Europe, North America, Latin America
Companies Covered Arctiko, BINDER GmbH, Eppendorf AG, Esco Micro Pte Ltd, Helmer Scientific, Labcold, PHC Corporation, Stirling Ultracold, Thermo Fisher Scientific, VWR International, LLC, Others
Ultra-Low Temperature Freezers Market Key Segments Covered
By Type: Based on the Type, Global Ultra-Low Temperature Freezers Market is segmented as; Chest ULT freezers, Upright ULT freezers, Others.
By Capacity: Based on the Capacity, Global Ultra-Low Temperature Freezers Market is segmented as; Less than 300 Liters, 301-500 Liters, 501-700 Liters, 701-900 Liters, More than 900 Liters.
By Application: Based on the Application, Global Ultra-Low Temperature Freezers Market is segmented as; Blood and Blood Products, Forensic and Genomic Research, Organs, Pharmaceuticals, Others.
By Region: This research also includes data for Asia-Pacific, Europe, the Middle East and Africa, North America, and Latin America.