Major players in the laboratory freezers market are Thermo Fisher Scientific Inc. (U.S.), Haier Biomedical (China), Eppendorf AG (Germany), Helmer Scientific (U.S.), VWR Corporation (U.S.), ARCTIKO A/S (Europe), Biomedical Solutions Inc. (U.S.), EVERmed S.R.L. (Italy), Philipp Kirsch GmbH (Germany), and Panasonic Healthcare Co., Ltd. (Japan).
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The global laboratory freezers market is projected to reach USD 3.76 billion by 2021, at a CAGR of 4.6% during forecast period of 2016 to 2021. In laboratory freezers market report is segmented by product type, end user, and region.
Based on product type, market segmented into freezers, refrigerators, and cryopreservation systems. In 2015, freezers segment accounted for largest share of laboratory freezers market.
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- Laboratory Freezer Manufacturers
- Laboratory Equipment Manufacturers
- Suppliers and Distributors of Laboratory Freezers
- OEM Manufacturers
- Healthcare Service Providers (including Hospitals, Laboratories, Diagnostic Centers, and Blood Banks)
- Medical Institutes
- Research and Consulting Firms
In the coming years, the Asia-Pacific market is expected to witness higher growth as compared to developed laboratory freezers market across North America and Europe, due to the growing focus of manufacturers on APAC countries; market players are undertaking various strategic developments to leverage the untapped growth potential in this region and increase their shares in the APAC laboratory freezers market.
The laboratory freezers market is segmented into hospitals, medical laboratories, pharmacies, academic & research institutes, blood banks, and pharmaceutical & biotechnology companies. The blood banks segment accounted for the largest share of the market in 2015.
The large share of this segment can be attributed to the rising demand for whole blood and blood components, owing to the increasing prevalence of blood disorders such as sickle cell anemia, blood cancer, and hemophilia.
2 Market Share Analysis
3 Competitive Situation and Trends
4 New Product Launches
5 Mergers and Acquisitions
6 Agreements, Partnerships, and Collaborations
The growth in this market is majorly driven by increasing number of organ transplant procedures and rising demand for blood & blood components across globe. However, cryopreservation systems segment is expected to register highest CAGR during forecast period, primarily due to increasing use of cryopreservation techniques and equipment for long-term storage of biological samples, cry preserved cell lines, and laboratory samples.
The laboratory freezers market studied in this report is segmented by product type, end user, and region. In 2015, the blood banks segment accounted for the largest share of the market, owing to the increasing demand for whole blood and blood components as a result of the rising prevalence of blood disorders such as sickle cell anemia, blood cancer, and hemophilia.
North America commanded the largest share of the laboratory freezers market, followed by Europe. The U.S. is a prime market for laboratory freezers due to the high healthcare expenditure in the country, presence of advanced healthcare infrastructure, and increasing R&D activities in life sciences and pharmaceutical industries.
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