The global Ultra Low Temperature (ULT) Freezers market research is an intelligence report announced by Absolute Markets Insights. The erudite market study provides insightful data for readers to help them in making informed business decisions. Primary and secondary research methodologies have also been used to discover the correct and applicable data of Ultra Low Temperature (ULT) Freezers market. Effective business strategies of key market players and of new startup industries are also studied thoroughly to provide extensive market knowledge. The report makes use of an effective analysis technique such as SWOT and Porter’s five analysis to present its accurate results on the market.

The major key pillars for global Ultra Low Temperature (ULT) Freezers market are listed below: Arctiko, BINDER GmbH, Eppendorf AG, Esco Micro Pte. Ltd., Haier Inc., Helmer Scientific Inc., Nuaire, PHC Corporation, REMI GROUP, Stirling Ultracold, and Thermo Fisher Scientific

In terms of revenue, ultra-low temperature (ULT) freezers market was valued at US$ 510.16 Mn in 2020 growing at a CAGR of 4.4% over the forecast period (2021 – 2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.

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Rising demand for blood and blood components, as well as increased R&D activities to develop novel medicinal compounds is boosting the growth of ultra-low temperature (ULT) freezers market. An ultra-low freezer is defined by its ability to store materials and is designed for the long-term storage of biological material. Many types of materials can be stored in an ultra-low temperature freezer, including biological samples such as DNA/RNA, plant samples, bones tissue, chemicals, insect artifacts, autopsy material, blood, plasma, and antibiotics, umbilical cord blood, specimens, tissue, bone marrow, stem cells, and sperm. These freezers are utilized by a variety of end-users, including blood banks, hospitals, epidemic prevention agencies, research institutes, and biomedical engineering facilities.

Type Outlook: Based on type, the global ultra-low temperature (ULT) freezers market has been bifurcated into upright ultra-low temperature (ULT) freezers and chest ultra-low temperature (ULT) freezers. Upright ultra-low temperature (ULT) freezers held the largest market share in 2020 owing to their ease of use, lower energy consumption, and cost-effectiveness. Upright freezer can accommodate lab space limitations by fitting into slim spaces. For instance, Stirling Ultracold created the SU780XLE, an energy-efficient upright ultra-low temperature (ULT) freezer. Its advantages include lower operating costs, saving critical laboratory space, and lowering freezer energy use.

Application Outlook: Based on application, the global ultra-low temperature (ULT) freezers market has been segmented into laboratory and clinical samples, vaccine storage, and others. Laboratory and clinical samples accounted for the highest share in 2020. An ultra-low temperature freezer is commonly used for the preservation of numerous samples that require a low temperature. Sensitive stem cells, plasma, eggs, virus, bone graft, and other biological samples are maintained in such ultra-low deep freezers for research applications. It maintains a consistent temperature for all crucial laboratory and clinical samples.

Global Ultra Low Temperature (ULT) Freezers Market Segmentation:

By Type

Upright Ultra-low Temperature (ULT) Freezers
Chest Ultra-low Temperature (ULT) Freezers
By Capacity

Less than 400 L
401 L to 600 L
601 L to 800 L
More than 800 L
By Application

Laboratory and Clinical Samples
Vaccine Storage
Others
By End Users

Blood Banks
Hospitals
Research Institutes
Biotechnology and Pharmaceutical Companies
Others
By Region

North America
Europe
Asia Pacific
Middle East and Africa
Latin America
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