Chicago, Oct. 10, 2023 (GLOBE NEWSWIRE) -- The laboratory freezers industry is poised for significant advancements in the near future, driven by rapid technological innovation and the growing demand for cutting-edge storage solutions in the fields of healthcare, pharmaceuticals, and scientific research. As the need for reliable temperature-controlled storage of sensitive samples and specimens continues to expand, manufacturers are expected to introduce more energy-efficient and environmentally friendly freezer models, incorporating features like advanced temperature monitoring, remote accessibility, and improved sample organization. Furthermore, the integration of smart sensors and data analytics will enable laboratories to optimize their freezer operations, reducing energy consumption and ensuring sample integrity. With these advancements on the horizon, the laboratory freezers industry is on the brink of revolutionizing sample preservation and management, facilitating groundbreaking discoveries and breakthroughs in scientific research.
Laboratory Freezers market in terms of revenue was estimated to be worth $4.7 billion in 2022 and is poised to reach $5.7 billion by 2026, growing at a CAGR of 6.3% from 2022 to 2026 according to a latest report published by MarketsandMarkets™. Market growth drivers include the increasing demand for blood and blood components for transfusion and for support in cancer therapy.
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Laboratory Freezers Market Scope:
| Report Coverage | Details |
| Market Revenue in 2022 | $4.7 billion |
| Estimated Value by 2026 | $5.7 billion |
| Growth Rate | Poised to grow at a CAGR of 6.3% |
| Market Size Available for | 2019-2026 |
| Forecast Period | 2022-2026 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Laboratory freezers Market: Products, End Users |
| Geographies Covered |
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| Report Highlights | Updated financial information / product portfolio of players |
| Key Market Opportunities | Vaccine development for emerging infectious diseases |
| Key Market Drivers | Increasing demand for blood and blood components for transfusion and for support in cancer therapy |
Laboratory Freezers market major players covered in the report, such as:
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The research report categorizes the market into the following segments and subsegments:
By Products
Laboratory Freezers Market, by region
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The key stakeholders in the Laboratory Freezers market include:
These stakeholders collectively shape the laboratory freezers market, driving innovation, influencing regulations, and meeting the diverse storage needs of different industries and sectors.
Recent Developments:
Frequently Asked Questions (FAQs) of Laboratory Freezers Market:
Which are the top players in the global Laboratory Freezers market?
The top market players in the global Laboratory Freezers market include Thermo Fisher Scientific, Inc. (US), Eppendorf AG (Germany), Haier Biomedical (China), Helmer Scientific (US), PHC Holdings Corporation (Japan), and Avantor, Inc. (US).
Which geographical region is dominating in the Laboratory Freezers market?
The Laboratory Freezers market is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America accounted for the largest share in the Laboratory Freezers market in 2020. The large share of this regional segment can be attributed to the
Which is the leading segment in the Laboratory Freezers market, by end user?
The pharmaceutical and biotechnology companies segment commanded the Laboratory Freezers market, by end user, in the forecast period. The large share of this segment can be attributed to the growing research activities focused on developing vaccines and biological molecules, coupled with the growth in the manufacturing of biologics and other temperature-sensitive drugs in both developed and developing countries.
What is the current size of the global Laboratory Freezers market?
The laboratory freezers market is projected to reach USD 5.7 billion by 2026 from USD 4.7 billion in 2022, at a CAGR of 4.9%.
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Report Objectives:
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