The global Laboratory Freezers Market size is projected to reach a CAGR of 5.9% from 2021-2028.
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.
Increasing demand for blood, blood components for transfusion and for support in cancer therapy and technological advancements in lab freezers are some of the factors that have supported long-term expansion for Laboratory Freezers Market.
The laboratory freezers market has shown a significant rise in demand in 2020 and 2021 due to the utility of these products for appropriate temperature-controlled storage of COVID-19 vaccines.
North America holds the largest share in the Laboratory Freezers market, by region, in the forecast period. The large share of this regional segment can be attributed to the high healthcare expenditure in the US & Canada and the growing R&D spending on pharmaceuticals & biotechnology in this region.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 5.9% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
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Report Segmentation |
products, end user and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Thermo Fisher Scientific, Philipp Kirsch GmbH, Haier Biomedical, PHC Corporation, Cole-Parmer India Pvt. Ltd., Stericox Sterilizer Systems India, Cryo Scientific Systems Pvt Limited, ACMAS Technologies (P) Ltd, Cool Wind Scientific Systems, and Nordic Lab. |
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Available Customization |
In addition to the market data for Laboratory Freezers Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Laboratory Freezers Market is segmented into products, end user and region.
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