The global ultra-low temperature freezer market is set to gain impetus from the increasing support of the government to conduct advanced research in the field of life science. This information is published by Fortune Business Insights™ in a new report, titled, “Ultra-Low Temperature Freezer Market Growth, Size, Share & COVID-19 Impact Analysis, By Type (Chest and Upright), By Capacity (Less than 300 Liters, 301-500 Liters, 501-700 Liters, 701-900 Liters and More than 900 Liters), By Application (Bio Banks & Hospitals, Academic & Research Laboratories and Others) and Regional Forecast, 2020-2027.” The report further states that the ultra-low temperature freezer market size was USD 547.0 million in 2019 and is projected to reach USD 783.1 million by 2027, exhibiting a CAGR of 4.6% during the forecast period.
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COVID-19 Pandemic to Affect Growth Positively Owing to Rising Number of Bio Banks
The outbreak of the COVID-19 pandemic has disrupted the supply chain, thereby obstructing production. But, the pandemic is likely to affect growth positively because of the increasing number of plasma treatment providers and bio banks worldwide. ULT freezers are therefore being demanded more to prevent transmission of the virus.
A list of all the renowned ultra-low temperature freezer manufacturers in the market:
- Thermo Fisher Scientific Inc. (United States)
- PHC Holdings Corporation (United States)
- Eppendorf AG (Germany)
- Esco Micro Pte Ltd. (Singapore)
- Helmer Scientific (United States)
- Arctiko A/S (Denmark)
- BIONICS SCIENTIFIC TECHNOLOGIES (P) LTD. (India)
- Glen Dimplex (Ireland)
- Haier Biomedical (United Kingdom)
- LABCOLD (United Kingdom)
- BINDER GmbH (Germany)
Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Ultra-low Temperature Freezer Market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the Ultra-low Temperature Freezer Market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the Ultra-low Temperature Freezer Market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Ultra-low Temperature Freezer Market
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How Did We Create This Ultra-Low Temperature Freezer Market Report?
As customer expectations are changing, the aspirations of dealers are also changing at a fast pace. Distribution channels are becoming complicated. To provide our clients with detailed information, we have conducted extensive primary and secondary research. We have thoroughly investigated each opportunity qualitatively and quantitatively so that our clients get a complete picture of both emerging and existing opportunities. We have also conducted a techno-economic study.
