The rising demand for biopharmaceuticals and vaccines can be attributed to several interconnected factors. Firstly, advances in biotechnology and genomics have transformed the pharmaceutical industry. Techniques like CRISPR-Cas9 have revolutionized gene editing, enabling the development of highly targeted treatments and vaccines. Secondly, increasing Asia-Pacific health concerns, exemplified by the COVID-19 pandemic, have underscored the necessity of vaccines in controlling infectious diseases. Additionally, the emergence of antibiotic-resistant bacteria highlights the importance of continuous research and development in biopharmaceuticals and vaccines.
For instance,
when the novel coronavirus SARS-CoV-2 emerged in late 2019, it quickly spread Asia-Pacificly, causing a severe respiratory illness known as COVID-19. The rapid spread of the virus highlighted the urgent need for vaccines and treatments. Thus, increasing demand for biopharmaceuticals and vaccines is expected to act as driver for Asia-Pacific ultra low freezers market growth.
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Data Bridge Market Research analyzes that the Asia-Pacific Ultra Low Freezers Market is expected to grow with a CAGR of 7.0% in the forecast period of 2023 to 2030 and is expected to reach USD 224.32 million by 2030. The product segment is projected to propel the market growth as as increasing applications of ultra low freezers worldwide.
Key Findings of the Study
Increasing Demand for Biopreservation and Biobanking
Ultra low freezers are vital components in the biobanking infrastructure, providing the necessary storage conditions for preserving a wide range of biological samples. As biobanking facilities proliferate Asia-Pacificly due to advancements in medical research, precision medicine, and pharmaceutical development, the demand for ultra low freezers is surging. Manufacturers in this market have the chance to innovate and offer advanced freezer models with features such as energy efficiency and remote monitoring to meet the evolving needs of biobanks. In addition, the Asia-Pacific expansion of biobanking facilities means that manufacturers can target a broad and diverse customer base, including emerging markets where investment in biobanking infrastructure is on the rise. Customized solutions, compliance features, and sustainability considerations further enhance the opportunities for growth in the ultra low freezers market, making it a promising sector for manufacturers.
Thus increasing demand for biopreservation and biobanking is expected to act as opportunity for Asia-Pacific ultra low freezers market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Type (Product and Freezer Part and Accessories), Technology (Semi-Automated Freezers and Automated Freezers), Degree Of Cooling (-41°C To -86° C Freezers, -87°C To -150° C Freezers, and -10°C To -40° C Freezers), Insulated Material (Polyurethane Foam, Vacuum Panel, and Others), Application (Organs, Blood & Blood Products, Biological Samples, Drug Compounds, and Others) End-Users (Hospitals, Bio-Banks, Clinics, Corporate Laboratories, Pharmaceuticals, Academic and Research Institutes, and Others), Distribution Channel (Direct Tenders, Retail Sales, and Third Party Distribution)
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Countries Covered
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Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific
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Market Players Covered
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Thermo Fisher Scientific Inc. (U.S.), Helmer Scientific Inc. (U.S.), BINDER GmbH (Germany), Esco Micro Pte. Ltd. (Singapore), NuAire, Inc. (U.S.), BioLife Solutions Inc. (U.S.), PHC Corporation (Japan), REMI GROUP. (India), FUKUSHIMA GALILEI CO.LTD. (Japan), ARCTIKO (Denmark), AticoExport (India), BIONICS SCIENTIFIC TECHNOLOGIES (P) LTD. (India), Eppendorf SE (Germany), VWR International, LLC. (U.S.), Telstar, B Medical Systems (Luxembourg), and Bioway Corporation (China), among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, premium insights.
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Segment Analysis
The Asia-Pacific ultra low freezers market is categorized into seven notable segments based on type, technology, degree of cooling, insulated material, application, end-user, and distribution channel.
- On the basis of type, the market is segmented into products and freezer parts and accessories
In 2023, the product segment is expected to dominate the market
In 2023, the products segment is expected to dominate the market with a 94.49% market share due to rising technological advancement by manufacturers to improve temperature control, energy efficiency, and reliability of the freezers.
- On the basis of technology, the market is segmented into automated freezers and semi-automated freezers
In 2023, the automated freezers segment is expected to dominate the market
In 2023, the automated freezers segment is expected to dominate the market with a 65.65% market share as automated ultra-low freezers offer precise and consistent temperature control and monitoring.
- On the basis of degree of cooling, the market is segmented into automated -41°C to -86°C freezers, -87°C to -150°C freezers, and -10°C to -40°C freezers. In 2023, the -41°C to -86°C freezers segment is expected to dominate the market with an 83.14%market share
- On the basis of insulated material, the market is segmented into polyurethane foam, vacuum panels, and others. In 2023, the polyurethane foam segment is expected to dominate the market with a 66.56% market share
- On the basis of application, the market is segmented into blood & blood products, biological samples, drug compounds, organs, and others. In 2023, the blood & blood products segment is expected to dominate the market with a 48.32% market share
- On the basis of end-user, the market is segmented into hospitals, corporate laboratories, pharmaceuticals, bio-banks, clinics, academic and research institutes, and others. In 2023, the hospitals segment is expected to dominate the market with a 37.39% market share
- On the basis of distribution channel, the market is segmented into direct tenders, retail sales, and third party distribution. In 2023, the third party distribution segment is expected to dominate the market with a 53.07% market share
Major Players
Data Bridge Market Research analyses PHC Corporation (Japan), Eppendorf SE (Germany), FUKUSHIMA GALILEI CO.LTD. (Japan), Thermo Fisher Scientific Inc. (U.S.), BINDER GmbH (Germany), as the major companies in Asia-Pacific ultra low freezers market.
Market Development
- In June 2023, BioLife Solutions, Inc., a leading developer and supplier of biotechnology products and services for the cell and gene therapy (CGT) and broader biopharmaceutical markets announced the launch of a new High Capacity Controlled Freezer (CRF) to expand its CRF range, now available in three different formats. This IntelliRate i67C benchtop freezer meets important customer needs for large-scale production of cell therapies
- In April 2023, Eppendorf launched the Centrifuge 5427 R, the first hydrocarbon-cooled Eppendorf microcentrifuge that contributed to a more sustainable laboratory environment. With this offer, customers can now perform a variety of molecular and cell biology applications using a refrigeration unit that contains a natural refrigerant with near-zero Asia-Pacific warming potential. This launch not only protects the individuals but also the planet
- In October 2022, Thermo Fisher Scientific Inc. announced that it would expand its laboratory operations in Highland Heights, Kentucky, helping customers deliver life-changing medicines to patients. The current facility, which includes central lab and biomarker operations, provides biopharma customers with high-quality laboratory services to accelerate drug development. This will help the company expand its clinical diagnostics business across various regions in the world and help to increase its Asia-Pacific presence in the market
- In March 2021, Helmer Scientific is pleased to announce the launch of the GX solutions laboratory and plasma freezer for vaccines, medicines, blood therapy, and specimen storage. Powered by OptiCool technology, GX Solutions is the first professional medical freezer optimized for critical healthcare applications thanks to temperature performance, noise reduction, and lower energy consumption. At the same time, they use low Asia-Pacific warming potential (GWP) technology to support environmental sustainability. This launch has helped the company to expand its freezers product portfolio
- In September 2020, PHC Corporation announced the acquisition of 50.9% of the shares of Amelieff Corporation according to an agreement with the company, which according to Amelieff operates as a consolidated subsidiary of PHC Corporation. This acquisition will help PHC Corporation strengthen its healthcare services business
Regional Analysis
Geographically, the countries covered in the Asia-Pacific ultra low freezers market report are Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines And Rest Of Asia-Pacific.
As per Data Bridge Market Research analysis:
China is expected to dominate and be the fastest-growing country in ountry in Asia-Pacific ultra low freezers market
In 2023, China expected to dominate and be the fastest growing country in market owing to the higher level of investments by manufacturers and increasing application of ultra low freezers for refrigeration. China will continue to dominate the ultra low freezers market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growing adoption of advanced technology and launch of new products. Additionally, the increasing demand for ultra low freezers and advancement in ultra low freezers are expected to further enhance the market's growth rate in this country.
For more detailed information about the Asia-Pacific Ultra Low Freezers Market report, click here – https://www.databridgemarketresearch.com/ar/reports/asia-pacific-ultra-low-freezers-market
