A laboratory freezer is precisely designed piece of laboratory equipment that has a thermally insulated compartment and a heat pump mainly mechanical, electronic, or chemical, which transmits heat from the inside of the device to its external environment so that the inside of the freezer is cooled to a temperature below the freezing point of water at a minimum or much below it, dependent on the substance being frozen. The laboratory freezers are widely used equipment in numerous blood banks, academic institutions, and pharmaceutical as well as biotechnological companies for the storage of diverse biological products that include blood, tissues, serum and vaccine samples, and so on. The freezers can be used as a preservation area for such biological samples, which are undergoing research and are used for experiments.
COVID-19 scenario analysis:
The outbreak of COVID-19 globally and the forced lockout, there is an ongoing recession in the healthcare market. The major stakeholders were thinking to adapt their plan to the rapidly changing situation. COVID-19 is expected to have significant long-term impacts, which is negative on the healthcare industry. The countries and major players would have to assume critical healthcare changes until the crisis takes a back seat. The technological progress, cost containment and augmented access will in the near future be an integral part of healthcare reforms. However, since many healthcare providers are working on video conferencing and telephone calls, this segment's growth will increase several folds over the next two years.
Top impacting factors: Market Scenario Analysis, Trends , Drivers and Impact Analysis
The key factors which are anticipated to help the market grow include the rise in the need for appropriate storage requirement for the various reagents used in the biological fields, in the coming years. The increase in the research and development of various methods which would help in the storage of various sensitive tissues is anticipated to help the market flourish in the forecast period. The surge in the prevalence of the various blood disorders such as sickle cell anemia and hemophilia, which requires supply of blood and other blood related components, would help the market gain maximum shares in the forecast period.
New product advancements to flourish the market
In January 2018, Panasonic Healthcare Corporation of North America had introduced the advanced, slim profile 12.7 cu.ft. -86°C upright freezer to its award-winning TwinGuard Series ultra-low temperature freezers. The novel model is designed and widely field-tested to protect specimen viability and security vigorous to long-term preservation of high-value biological samples in biobanking, life science, biotechnology and pharmaceutical.
In April 2018, Panasonic launched a twin guard ultra-low temperature refrigerator with groundbreaking cabinet design with chamfered edges. The novel products would help the Laboratory Freezers market grow in the coming years.
Surge in mergers and acquisitions to boost the market
In August 2017, Brooks Automation, Inc., announced that it had acquired certain assets from RURO, Inc. The basic assets include the FreezerPro web-based software which allows access to information on stored samples from any location on any device. Brooks also entered an exclusive license agreement to sell and distribute RURO’s BioBankPro software which assimilates the functionality of FreezerPro with other data sources, often from external sources or instruments used in the workflow of sample-based research.
In April 2019, Smith and Nephew closed the acquisition of Osiris Therapeutics and its purchase of Leaf Healthcare and its Leaf Patient Monitoring System. The company paid about USD 19 per share in cash for Osiris, which develops and produces regenerative medicine products including bone grafts, skin, and articular cartilage substitutes. The deal is about 37% premium on the 90-day volume-weighted average for Osiris’s common shares.
Key benefits of the report:
- This study presents the analytical depiction of the global Laboratory Freezers industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Laboratory Freezers market share.
- The current market is quantitatively analyzed to highlight the global Laboratory Freezers market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the Laboratory Freezers market .
- The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Laboratory Freezers Market research report:
- Who are the leading market players active in the Laboratory Freezers market?
- What are the current trends will influence the Laboratory Freezers market in the next few years?
- What are the driving factors, restraints, and opportunities in the Laboratory Freezers market ?
- What are the projections for the future that would help in tasking further strategic steps?
Laboratory Freezers Market Report Highlights
| Aspects | Details |
 By Product |
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 By End User |
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 By Region |
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 Key Market Players | Nordic Lab., Haier Biomedical, Cool Wind Scientific Systems, Philipp Kirsch GmbH, Cole-Parmer India Pvt. Ltd, Thermo Fisher Scientific Inc., Stericox Sterilizer Systems India, Cryo Scientific Systems Pvt Limited, ACMAS Technologies (P) Ltd, PHC Corporation |
 Other Players | Agilent Technologies, Inc |
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