(MENAFN- Ameliorate Digital Consultancy) From 2021 to 2031, the market for ultra-low temperature freezers is anticipated to grow 1.5 times, reaching US$ 782.98 Mn. The market is expected to reach US$ 509.09 Mn in 2021. In the following decade, hospitals are expected to account for 2 out of 5 sales of these freezers, making them the principal end customers.

According to Fact.MR, a supplier of market research and competitive information, the market grew at a CAGR of about 4% from 2016 to 2020. Government backing for clinical studies and expanding R&D efforts among major competitors have both contributed to the growth of the ultra-low temperature freezer market.

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ULT Freezer demand is rising across Asia because to rising blood transfusion needs

The demand for ULT (Ultra-Low Temperature) freezers is rising across Asia due to increasing blood transfusion needs in the region. Blood transfusions are critical in various medical procedures, including surgeries, treatments for certain diseases, and emergency situations. As healthcare infrastructure and services improve in many Asian countries, the demand for blood transfusions is expected to increase.

ULT freezers play a crucial role in preserving and storing blood components, such as red blood cells, platelets, and plasma, at ultra-low temperatures to maintain their quality and viability. These freezers provide a controlled environment that ensures the integrity and safety of blood products, allowing for their extended storage without compromising their therapeutic properties. As the demand for blood transfusions rises, healthcare facilities, blood banks, and research institutions in Asia are recognizing the need for reliable ULT freezers to meet the storage requirements of blood products and support efficient blood transfusion services.

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Competitive Landscape

Prominent manufacturers of ultra-low temperature freezers are emphasizing on introducing new product ranges with enhanced freezing capabilities, besides other approaches, including collaborations, partnerships and acquisitions. Notable developments in the industry as follows:

• In June 2021, Thermo Fisher Scientific announced the launch of its advanced TSX Series ULT Freezers which are the only systems to offer an exterior illumination option that simplifies use by enabling quick visual inspection of freezer health status. The systems also include a frost management capability, which features an adjustable cabinet heater that minimizes frost and ice build-up, and enhanced cloud-connected, wireless monitoring functionality to maintain optimal storage conditions
• In October 2021, IMP Pharmaceutical Services Ltd. partnered with Haier Biomedicals for its supply of ultra-low temperature freezers ranging between 2-8o C, 15-25o C, -20o C, -40o C and -80o C respectively. Their initial purchases comprised of the 2-8o C range to secure pharmaceutical products for Phase II clinical trials

Key Companies Profiled:

• Eppendorf AG
• Helmer Scientific
• Panasonic Healthcare Corporation
• Thermo Fisher Scientific
• Arctiko A/S
• Bionics Scientific Technologies (P) Ltd
• Glen Dimplex
• Haier Biomedical
• LABCOLD
• Remi Group

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Key Segments Covered

• Type
  • Upright Ultra-low Temperature Freezers
    • Floorstanding
    • Benchtop/Undercounter
  • Chest Ultra-low Temperature Freezers
• Degree of Cooling
  • -41 to -86 Celsius
  • -87 to -150 Celsius
• Application
  • Blood & Blood Products
  • Flammable Materials
  • Biological Samples
  • Drug Compounds
  • Others
• End User
  • Biobanks
  • Hospitals
  • Pharmaceutical and Biotechnology Companies
  • Academic and Research Institutes

Key Questions Covered in the Ultra-Low Temperature Freezers Market Report:

• What is the projected value of the Ultra-Low Temperature Freezers factors Industry in 2022?
• At what rate will the global Ultra-Low Temperature Freezers factors market size grow until 2031?
• Which are the factors hampering the growth of Ultra-Low Temperature Freezers factors?
• Which region is expected to lead in the global Ultra-Low Temperature Freezers factors market by 2031?
• Which are the factors driving the Ultra-Low Temperature Freezers factors Industry during the forecast period?
• What is the expected market value of the Ultra-Low Temperature Freezers factors market during the forecast period?

Regional Analysis for Ultra-Low Temperature Freezers Market:

• APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (USA, Canada and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, United Arab Emirates, South Africa)

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