Ultra-low Temperature Freezers Market 2019-2025 : Share Forecasts, Regional Trends & Growth drivers
Market Study Report adds 2019-2025 Global Ultra-low Temperature Freezers market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.
Delaware, Selbyville – June 24, 2019 /MarketersMedia/ —
Asia Pacific ultra-low temperature freezers market held significant revenue share of 14.6% in 2018. The regional growth is attributed to several government initiatives to increase blood and organ donations in the region. Moreover, large population base prone to various infectious and chronic disease will further elevate the demand for blood and blood components thereby propelling regional industry growth.
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Europe ultra-low temperature freezers market will experience 3.7% CAGR over the forecast timeline. Increase in blood and organ donations, surge in the number of biobanks and rising investment by public and private organizations will positively impact business growth. Furthermore, rapidly ageing population in the region prone to several diseases will offer immense scope for business growth in Europe.
Ultra-low Temperature Freezers Market will exceed USD 315 million by 2025; as per a new research report. Rising incidence of chronic diseases worldwide and surge in number of road accident and trauma cases will accelerate the demand for new drug development. Favorable demographic changes including increasing geriatric population and lifestyle changes such as sedentary lifestyle will further spur the disease burden. Increasing demand for novel treatment options is expected to escalate the demand for ultra-low temperature freezers (ULTF) during forthcoming years.
Blood and blood product segment dominated ultra-low temperature freezers market with more than 30% revenue share in 2018. Increasing incidence of hemophilia, thrombocytopenia and autoimmune diseases as well as other infectious diseases in developed as well as developing countries are key factors driving segmental growth. Rising demand for blood transfusion will increase the need for proper storage of blood and blood components. Furthermore, increasing government initiatives to create awareness regarding plasma collection and use of lifesaving plasma protein therapies will positively impact segmental growth.
Increasing research activities in biotech and pharmaceutical industry will augment ultra-low temperature freezers market. These freezers are used to store biological samples such as blood, plasma, and drugs. Government initiatives will further accelerate the number of research projects thereby enhancing the business growth. Moreover, focus of industry players on development of advanced ULT freezers to ensure rapid cooling will favor industry growth.
Automated ultra-low temperature freezers segment is expected to witness 3.7% CAGR during the analysis period. Increasing adoption of automatic ULT freezers in blood banks and laboratories will drive industry growth. Moreover, automated freezers eliminate freeze-thaw cycles and limit entry of moisture into the system. Benefits associated with automated ULT freezes will increase its adoption among medical experts.
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Prominent industry players involved in ultra-low temperature freezers market are Eppendorf, Thermo Fisher Scientific, Helmer Scientific, Haier, Panasonic Healthcare, VWR International, Arctiko, Binder, EVERmed, Stirling Ultracold, ESCO MICRO and Azbil. These prominent business players are focusing on strategic alliances, new product launch and collaborations to strengthen their market position. For instance, in May 2017, Eppendorf introduced new CryoCube F740 series with increased efficiency and improved storage capacity.
Report Content
Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Ultra-low Temperature Freezers Industry Insights
Chapter 4. Ultra-low Temperature Freezers Market, By Type
Chapter 5. Ultra-low Temperature Freezers Market, By Application
Chapter 6. Ultra-low Temperature Freezers Market, By Technology
Chapter 7. Ultra-low Temperature Freezers Market, By Region
Chapter 8. Company Profiles
Complete Report At: https://www.marketstudyreport.com/reports/ultra-low-temperature-freezers-market
Related Report:
Global Ultra-low Temperature Freezers (ULT Freezers) Market Insights, Forecast to 2025
The Ultra-low Temperature Freezers (ULT Freezers) market was valued at 770 Million US$ in 2018 and is projected to reach 1070 Million US$ by 2025, at a CAGR of 4.2% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Ultra-low Temperature Freezers (ULT Freezers).
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