Ultra-Low Temperature Freezers Market Introduction and Overview
According to SPER Market Research, the Global Ultra-Low Temperature Freezers Market is estimated to reach USD 1.05 billion by 2033 with a CAGR of 5.02%.
The report includes an in-depth analysis of the Global Ultra-Low Temperature Freezers Market, including market size and trends, product mix, distribution channels, and supplier analysis. Ultra-low temperature (ULT) freezers are widely utilized to preserve products at extremely low temperatures, making them indispensable for storing valuable and unique drug compounds, biological samples, and specimens. As a result, these freezers have become a standard requirement in research and development as well as medical sectors, enabling efficient storage of drugs, blood samples, body organs, and more. The increasing demand for secure and advanced storage solutions has driven the widespread adoption of ULT freezers.
- February 2023: PHC Corporation of North America recently introduced the PHCbibrand VIP ECO SMART series of ultra-low temperature freezers designed for various facilities, such as medical institutions, universities, and pharmaceutical companies. This new series comprises four HFC-free models that offer efficient and secure long-term storage of specimens and samples. These freezers cater to the needs of researchers involved in drug discovery and life science research, providing them with reliable and advanced storage solutions.
- June 2022: Haier Biomedical has unveiled the TwinCool Frequency Conversion ULT Freezer, aiming to provide enhanced safety for biological samples, improve energy efficiency, and achieve environmentally-friendly and efficient storage solutions.
Market Opportunities and Challenges
For producers and stakeholders, the market for ultra-low temperature (ULT) freezers offers a variety of opportunities and problems. First, the market is developing as a result of the rising need for extremely low temperature storage of pharmaceuticals, biological samples, and vaccines. ULT freezers are now essential in research laboratories, biobanks, pharmaceutical businesses, and healthcare facilities all over the world due to the increase in healthcare research and the requirement for long-term preservation of sensitive materials. The market is also expected to rise as a result of the increasing development of biotechnological products and the requirement to protect proprietary medicinal components. The demand for ULT freezers in the medical sector is further influenced by the growing use of precision medicines and personalised medicine.
The ULT freezers market, however, also confronts difficulties. Particularly in areas with limited resources, the expensive cost of these specialised freezers may prevent widespread use. Sustainability issues are also brought up by the energy use and environmental concerns associated with the use of fluorinated refrigerants in some ULT freezers. Several major competitors are striving for market share in this fiercely competitive sector. Manufacturers must concentrate on ongoing innovation, increasing energy efficiency, and guaranteeing compliance with strict rules and requirements if they want to succeed. Additionally, supply chain problems and logistical difficulties in remote or undeveloped areas can impede the efficient distribution of ULT freezers, impacting end users' access to them.
Market Competitive Landscape
In the global ultra-low temperature freezers market, prominent players dominate, while regional and local markets are fragmented with numerous small and medium manufacturers. Thermo Fisher Scientific and PHC Holdings Corporation hold the highest combined market share due to their strong product portfolios and industry-leading freezers. These companies are prioritizing new product development, focusing on features like expanded storage capacity, energy efficiency, and enhanced sample security. Additionally, they differentiate their freezers by incorporating networking solutions, RFID remote temperature monitoring, and sample tracking capabilities. Prominent key players in the global ultra-low temperature freezers market are Arctiko, BINDER GmbH, Eppendorf AG, Esco Micro Pte Ltd, Helmer Scientific, Labcold, PHC Corporation, Stirling Ultracold, Thermo Fisher Scientific, VWR International, LLC, Others
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
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| Regions covered | Asia-Pacific, Middle East and Africa, Europe, North America, Latin America
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| 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
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COVID-19 Impact on Global Ultra-Low Temperature Freezers Market
The COVID-19 pandemic's impact on the market has been relatively modest. In the short term, the primary effects have been disruptions in the supply chain and production challenges due to reduced demand and limitations in raw material movement. However, in the longer term, there is a positive outlook for companies, mainly due to the growing number of biobanks and the use of plasma treatments, which are expected to extend over time. As the manufacturing industry gradually returns to normalcy, the demand for ULT freezers is anticipated to stabilize.
Key Target Audience
- Academic Institutions
- Biobanks
- Biotechnology Companies
- Food Industry
- Forensic Laboratories
- Hospitals and Healthcare Facilities
- Pharmaceutical Companies
- Research Laboratories
- Vaccine Storage Centers
- Others
Our in-depth analysis of the Ultra-Low Temperature Freezers Market includes the following segments:
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By Type:
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Chest ULT freezers
Upright ULT freezers
Others
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By Capacity:
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Less than 300 Liters
301-500 Liters
501-700 Liters
701-900 Liters
More than 900 Liters
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By Application:
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Blood and Blood Products
Forensic and Genomic Research
Organs
Pharmaceuticals
Others
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By Technology:
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Automated
Semi-Automated
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By End User:
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Academic and Research Laboratories
Bio-Banks
Pharmaceutical and Biotechnology Companies
Others
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Key Topics Covered in the Report
- Global Ultra-Low Temperature Freezers Market Size (FY’2023-FY’2033)
- Overview of Global Ultra-Low Temperature Freezers Market
- Segmentation of Global Ultra-Low Temperature Freezers Market By Type (Chest ULT freezers, Upright ULT freezers, Others)
- Segmentation of Global Ultra-Low Temperature Freezers Market By Capacity (Less than 300 Liters, 301-500 Liters, 501-700 Liters, 701-900 Liters, More than 900 Liters)
- Segmentation of Global Ultra-Low Temperature Freezers Market By Application (Blood and Blood Products, Forensic and Genomic Research, Organs, Pharmaceuticals, Others)
- Segmentation of Global Ultra-Low Temperature Freezers Market By Technology (Automated, Semi-Automated)
- Segmentation of Global Ultra-Low Temperature Freezers Market By End User (Academic and Research Laboratories, Bio-Banks, Pharmaceutical and Biotechnology Companies, Others)
- Statistical Snap of Global Ultra-Low Temperature Freezers Market
- Expansion Analysis of Global Ultra-Low Temperature Freezers Market
- Problems and Obstacles in Global Ultra-Low Temperature Freezers Market
- Competitive Landscape in the Global Ultra-Low Temperature Freezers Market
- Impact of COVID-19 and Demonetization on Global Ultra-Low Temperature Freezers Market
- Details on Current Investment in Global Ultra-Low Temperature Freezers Market
- Competitive Analysis of Global Ultra-Low Temperature Freezers Market
- Prominent Players in the Global Ultra-Low Temperature Freezers Market
- SWOT Analysis of Global Ultra-Low Temperature Freezers Market
- Global Ultra-Low Temperature Freezers Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Ultra-Low Temperature Freezers Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Ultra-Low Temperature Freezers Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Ultra-Low Temperature Freezers Market
7. Global Ultra-Low Temperature Freezers Market, By Type (USD Million)
7.1. Global Ultra-Low Temperature Freezers Market Value Share and Forecast, By Type, 2023-2033
7.2. Chest ULT freezers
7.3. Upright ULT freezers
7.4. Others
8. Global Ultra-Low Temperature Freezers Market, By Capacity (USD Million)
8.1. Global Ultra-Low Temperature Freezers Market Value Share and Forecast, By Capacity, 2023-2033
8.2. Less than 300 Liters
8.3. 301-500 Liters
8.4. 501-700 Liters
8.5. 701-900 Liters
8.6. More than 900 Liters
9. Global Ultra-Low Temperature Freezers Market, By Application (USD Million)
9.1. Global Ultra-Low Temperature Freezers Market Value Share and Forecast, By Application, 2023-2033
9.2. Blood and Blood Products
9.3. Forensic and Genomic Research
9.4. Organs
9.5. Pharmaceuticals
9.6. Others
10. Global Ultra-Low Temperature Freezers Market, By Technology (USD Million)
10.1. Global Ultra-Low Temperature Freezers Market Value Share and Forecast, By Technology, 2023-2033
10.2. Automated
10.3. Semi-Automated
11. Global Ultra-Low Temperature Freezers Market, By End User (USD Million)
11.1. Global Ultra-Low Temperature Freezers Market Value Share and Forecast, By End User, 2023-2033
11.2. Academic and Research Laboratories
11.3. Bio-Banks
11.4. Pharmaceutical and Biotechnology Companies
11.5. Others
12. Global Ultra-Low Temperature Freezers Market Forecast, 2019-2033 (USD Million)
12.1. Global Ultra-Low Temperature Freezers Market Size and Market Share
13. Global Ultra-Low Temperature Freezers Market, By Type, 2019-2033 (USD Million)
13.1. Global Ultra-Low Temperature Freezers Market Size and Market Share By Type (2019-2026)
13.2. Global Ultra-Low Temperature Freezers Market Size and Market Share By Type (2027-2033)
14. Global Ultra-Low Temperature Freezers Market, By Capacity, 2019-2033 (USD Million)
14.1. Global Ultra-Low Temperature Freezers Market Size and Market Share By Capacity (2019-2026)
14.2. Global Ultra-Low Temperature Freezers Market Size and Market Share By Capacity (2027-2033)
15. Global Ultra-Low Temperature Freezers Market, By Application, 2019-2033 (USD Million)
15.1. Global Ultra-Low Temperature Freezers Market Size and Market Share By Application (2019-2026)
15.2. Global Ultra-Low Temperature Freezers Market Size and Market Share By Application (2027-2033)
16. Global Ultra-Low Temperature Freezers Market, By Technology, 2019-2033 (USD Million)
16.1. Global Ultra-Low Temperature Freezers Market Size and Market Share By Technology (2019-2026)
16.2. Global Ultra-Low Temperature Freezers Market Size and Market Share By Technology (2027-2033)
17. Global Ultra-Low Temperature Freezers Market, By End User, 2019-2033 (USD Million)
17.1. Global Ultra-Low Temperature Freezers Market Size and Market Share By End User (2019-2026)
17.2. Global Ultra-Low Temperature Freezers Market Size and Market Share By End User (2027-2033)
18. Global Ultra-Low Temperature Freezers Market, By Region, 2019-2033 (USD Million)
18.1. Global Ultra-Low Temperature Freezers Market Size and Market Share By Region (2019-2026)
18.2. Global Ultra-Low Temperature Freezers Market Size and Market Share By Region (2027-2033)
18.3. Asia-Pacific
18.3.1. Australia
18.3.2. China
18.3.3. India
18.3.4. Japan
18.3.5. South Korea
18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France
18.4.2. Germany
18.4.3. Italy
18.4.4. Spain
18.4.5. United Kingdom
18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia
18.5.2. United Arab Emirates
18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada
18.6.2. Mexico
18.6.3. United States
18.7. Latin America
18.7.1. Argentina
18.7.2. Brazil
18.7.3. Rest of Latin America
19. Company Profile
19.1. Arctiko
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. BINDER GmbH
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.3. Eppendorf AG
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. Esco Micro Pte Ltd
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. Helmer Scientific
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. Labcold
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. PHC Corporation
19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent developments
19.8. Stirling Ultracold
19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent developments
19.9. Thermo Fisher Scientific
19.9.1. Company details
19.9.2. Financial outlook
19.9.3. Product summary
19.9.4. Recent developments
19.10. VWR International, LLC
19.10.1. Company details
19.10.2. Financial outlook
19.10.3. Product summary
19.10.4. Recent developments
19.11. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope