Ultra low freezers, often abbreviated as ULT freezers, represent a specialized segment within the refrigeration industry. These are highly sophisticated and technologically advanced devices designed for the preservation of biological and pharmaceutical samples at extremely low temperatures. They are a crucial tool in scientific and medical research, besides in various industries such as biotechnology and pharmaceuticals. With the growing importance of life sciences research and the need for reliable cold storage solutions, the ultra-low freezer market has witnessed substantial growth, with manufacturers continually innovating to improve energy efficiency, temperature stability, and storage capacity.
Access Full Report @ https://www.databridgemarketresearch.com/jp/reports/north-america-ultra-low-freezers-market
Data Bridge Market Research analyzes that the North America Ultra Low Freezers Market is expected to grow at a CAGR of 5.2% in the forecast period of 2023 to 2030 and is expected to reach USD 355.04 million by 2030. The product segment is projected to propel the market growth due to the growing research and development activities.
Key Findings of the Study
Increasing Demand for Biopharmaceuticals and Vaccines
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 such as CRISPR-Cas9 have revolutionized gene editing, enabling the development of highly targeted treatments and vaccines. In addition, the emergence of antibiotic-resistant bacteria highlights the importance of continuous R&D in biopharmaceuticals and vaccines.
The escalating demand for biopharmaceuticals and vaccines is a significant driver for the market. These specialized freezers are essential for preserving the integrity and efficacy of temperature-sensitive biological materials used in vaccine production and biopharmaceutical research. With the proliferation of innovative vaccines and biopharmaceuticals, there is a growing need for expanded cold storage capacity. Many of these products require storage at ultra-low temperatures, typically below -70°C or even as low as -80°C to maintain their stability.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Year
|
2021 (Customizable to 2015 – 2020)
|
|
Quantitative Units
|
Revenue in Million
|
|
Segments Covered
|
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 User (Hospitals, Bio-Banks, Clinics, Corporate Laboratories, Pharmaceuticals Companies, Academic and Research Institutes, and Others), Distribution Channel (Direct Tenders, Retail Sales, and Third Party Distributors)
|
|
Countries Covered
|
U.S., Canada, and Mexico
|
|
Market Players Covered
|
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), ATICO (Denmark), Eppendorf SE (Germany), VWR International, LLC (U.S.), Telstar (U.S.), B Medical Systems (Luxembourg), and among others
|
|
Data Points Covered in the Report
|
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 in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
|
Segment Analysis
The North America ultra low freezers market is segmented 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 product and freezer parts and accessories.
In 2023, the product segment of the type segment is expected to dominate the North America ultra low freezers market
In 2023, the product segment is expected to dominate the market due to the rising demand for various products for research and development activities with a market share of 94.99%.
- On the basis of technology, the market is segmented into automated freezers and semi-automated freezers.
In 2023, the automated freezers segment of the technology segment is expected to dominate the North America ultra low freezers market
In 2023, the automated freezers segment is expected to dominate the market due to the precise and consistent temperature control and monitoring with a market share of 60.20%.
- On the basis of degree of cooling, the market is segmented into -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 a market share of 80.97%.
- 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 market share of 62.78%.
- 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 market share of 43.16%.
- On the basis of end user, the market is segmented into hospitals, corporate laboratories, pharmaceuticals companies, bio-banks, clinics, academic and research institutes, and others. In 2023, the hospitals segment is expected to dominate the market with a market share of 30.60%.
- 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 market share of 59.74%.
Major Players
Data Bridge Market Research analyzes Thermo Fisher Scientific Inc. (U.S.), BioLife Solutions Inc. (U.S.), PHC Corporation (Japan), Eppendorf SE (Germany), VWR International, LLC (U.S.), as major players in this market.
Market Development
- In June 2023, NuAire Inc., a leading supplier of laboratory equipment, recently entered into a strategic partnership with Activar Plastic Products Group (APPG) and its brand LabAire Systems, a renowned manufacturer of high-quality plastic components and products. The goal of this collaboration is to expand NuAire's product offering and facilitate the development of innovative solutions for various laboratory applications. Under this new agreement, LabAire will use its plastics manufacturing and design expertise to produce high-performance components for NuAire's state-of-the-art laboratory equipment. Both companies benefit from shared knowledge and resources, joining forces, resulting in more efficient and sustainable production processes.
- In May 2023, Binder GmBH launched the new UF V 350, a small and efficient ultra-low-temperature freezer for reliable storage of sensitive samples. The UF V 350 is a very compact device specially developed to save space in laboratories without compromising performance. Its smaller footprint means the UF V 350 can be easily transported through standard doorways, making it much easier to install and integrate into existing laboratory spaces. The device can optimally perform something larger in laboratories with limited space, but reliable and safe storage of samples must be ensured. This launch has helped the company to expand its freezers product portfolio.
- In July 2022, Telstar developed a new sensor that can monitor the progress of the sublimation front in real-time in GMP freezing processes. The disposable sensor, which contains 5 independent temperature sensors, including wireless communication placed in the vial, makes it an innovative system that can precisely follow the progress of the sublimation front, which is key to optimizing the initial drying stages of lyophilization processes. This new development will help the company to expand its product portfolio.
Regional Analysis
Geographically, the countries covered in the North America ultra low freezers market report are the U.S., Canada, Mexico
As per Data Bridge Market Research analysis:
U.S. is expected to dominate and be the fastest growing country in the North America ultra low freezers market
U.S. is expected to dominate and be the fastest growing country in the North America ultra low freezers market due to the higher level of investments by manufacturers and the increasing demand for biopharmaceuticals and vaccine industries.
For more detailed information about the North America ultra low freezers market report, click here – https://www.databridgemarketresearch.com/jp/reports/north-america-ultra-low-freezers-market
