ULT freezers market is anticipated to grow at a significant CAGR of 4.4% during the forecast period. The key factors that are contributing to the market growth include the increasing investments in R&D activities in life science and the growing adoption of various modified drugs. Moreover, the increasing demand for ULT freezers in the pharmaceutical industry to store various components such as drugs, and tissue along with the growing utilization of pharmaceutical storage equipment in biobanks, blood banks, and research laboratories are some other factors boosting the market growth.
In addition, the increasing campaigns to raise awareness about blood donation and blood donation campaigns are aiding the growth prospects in the market. However, for setting up the facilities, high capital expenditure is required for the manufacturing of these freezers which may hamper the growth of the market.
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Ultra-Low Temperature Freezers Market Segmentation
By Product Type
- Upright ULT Freezers
- Chest ULT Freezers
- By Technology
- Automated
- Semi-Automated
By End-User
- Bio-Banks
- Academic and Research Laboratories
- Pharmaceutical and Biotechnology Companies
- Others
A full Report of Ultra-Low Temperature (ULT) Freezers Market is Available @ https://www.omrglobal.com/industry-reports/ult-freezers-market
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Arctiko
- BINDER GmbH
- BIONICS SCIENTIFIC TECHNOLOGIES (P) LTD.
- B Medical Systems S.à r.l.
- CompareNetworks, Inc.
- A.I. Scientific Equipment, Inc.
- Eppendorf AG
- Esco Lifesciences Group
- Focus Technology Co., Ltd.
- Helmer, Inc.
- Klinge Corp.
- LABCOLD
- LABFREEZ INSTRUMENTS GROUP CO. LTD.
- LabRepCo
- Meditech Technologies India Pvt. Ltd.
- Newtronic
- NuAire, Inc.
- PHC Corp
- REMI GROUP
- STERICOX INDIA PVT. LTD.
- TELSTAR
- Thomas Publishing LLC
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