North America Ultra-Low Temperature Freezer Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Upright ULT freezers, Chest ULT freezers); End User (Bio-Banks, Hospital, Pharmaceutical and Biotechnology Companies, Academic and Research Institute); and, Country
North America, the ultra-low temperature freezer market, is anticipated to reach US$ 313.19 Mn in 2027 from US$ 220.25 Mn in 2019. The market is projected to grow with a CAGR of 4.7% from 2020-2027.
The ultra-low temperature freezer market is growing primarily due to the increasing demand for blood and blood components. Restraining factor such as, high costs associated with ultra-low temperature freezers is likely to damage the growth of the market in the coming years. On the other hand, development in the healthcare market is expected to have a positive impact on the growth of the North American ultra-low temperature freezer market in the coming years.
The healthcare industry has been witnessing rapid transformations during the previous years. The industry has witnessed various technological advancements, such as use of stem cell therapy and personalized medicine. Countries across the globe have been preferring advanced technologies in healthcare. With a need for better healthcare facilities, Technology-Enabled Care (TEC) solutions are being preferred in the healthcare systems in emerging economies. In addition, the increase in aging population, incidences of chronic illnesses and pediatric care are the primary factors driving the growth of the healthcare sector.
Various established players in the industry have been investing significant amount of their revenue in R&D activities for the development of better and advanced products and technologies to be used in the healthcare industry. Also, the availability of reimbursement for various medical procedures are expected to fuel the growth of the industry in the coming years.
North America is witnessing the growing number of COVID-19 cases, for instance, in the United States the number of cases has been increased to 614,246 with 26,064 deaths reported. Additionally, Mexico and Canada cases are also growing. The US and Canada have witnessed spike in cases in just few days, which has compelled the governments to shut down all the business in order to prevent the spread of the virus. However, Mexico is likely to be least affected due to less research and development activities in the biomedical industry.
In 2019, the US accounted for the largest market share in North America ultra-low temperature freezer market, and it is also expected to grow at a faster pace over the forecast period. The immediate focus of rapidly developing biobanks in the country owing to the factors such as the need for disease understanding, drug discovery, and development. Moreover, biobank research provides new insights into the genetic component of human disease, which are the key factors that are responsible for the highest revenue share of the region. Hence, considering the mentioned factors, the ultra-low temperature freezer market is expected to grow at a significant pace in the US during the forecast period.
US Ultra-Low Temperature Freezer Market Revenue and Forecasts to 2027 (US$ Mn)
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NORTH AMERICA ULTRA-LOW TEMPERATURE FREEZER – MARKET SEGMENTATION
- Upright ULT Freezers
- Chest ULT Freezers
By End-User
- Bio-Banks
- Hospital
- Pharmaceutical and Biotechnology Companies
- Academic and Research Institute
By Geography
- North America
- US
- Canada
- Mexico
Company Profiles
- Helmer Scientific Inc.
- Eppendorf AG
- THERMO FISHER SCIENTIFIC INC.
- Arctiko
- Haier Biomedical
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Ultra-Low Temperature Freezer Market – By Type
1.3.2 North America Ultra-Low Temperature Freezer Market – By End-User
1.3.3 North America Ultra-Low Temperature Freezer Market – By Country
2. North America Ultra-Low Temperature Freezer Market Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Ultra-Low Temperature Freezer Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America Ultra-Low Temperature Freezer Market - North America PEST Analysis
4.3 Expert Opinion
5. North America Ultra-Low Temperature Freezer - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Demand for Blood and Blood Components
5.2 Key Restraints
5.2.1 High Costs Associated with Ultra-Low Temperature Freezers
5.3 Key Market Opportunities
5.3.1 Development in the Healthcare Market
5.4 Future Trend
5.4.1 Growing Emphasis on Temperature Uniformity and Energy Efficiency
5.5 Impact Analysis
6. Ultra-Low Temperature Freezer Market – North America Analysis
6.1 North America Ultra-Low Temperature Freezer Market Revenue Forecasts and Analysis
7. Ultra-Low Temperature Freezer Market Analysis – By Type
7.1 Overview
7.2 Ultra-Low Temperature Freezer Market Revenue Share, by Type (2019 and 2027)
7.3 Upright ULT Freezers
7.3.1 Overview
7.3.2 Upright ULT Freezers: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Chest ULT Freezers
7.4.1 Overview
7.4.2 Chest ULT Freezers: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
8. Ultra-Low Temperature Freezer Market – By End-User
8.1 Overview
8.2 Ultra-Low Temperature Freezer Market, by End-User, 2019 and 2027 (%)
8.3 Bio-Banks
8.3.1 Overview
8.3.2 Bio-Banks: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Academic Research Institutes
8.4.1 Overview
8.4.2 Academic Research Institutes: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Hospitals
8.5.1 Overview
8.5.2 Hospitals: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Pharmaceutical & Biotechnology Companies
8.6.1 Overview
8.6.2 Pharmaceutical & Biotechnology Companies: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
9. Ultra-Low Temperature Freezer Market Revenue and Forecasts To 2027 – Geographical Analysis
9.1 North America Ultra-Low Temperature Freezer Market Revenue and Forecasts To 2027
9.1.1 Overview
9.1.2 North America: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
9.1.3 North America: Ultra-Low Temperature Freezer Market, by Type, 2018–2027 (USD Million)
9.1.4 North America: Ultra-Low Temperature Freezer Market, by End User, 2018–2027 (USD Million)
9.1.5 North America: Ultra-Low Temperature Freezer Market, by Country, 2019 & 2027 (%)
9.1.6 US: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
9.1.6.1 US: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
9.1.6.2 US: Ultra-Low Temperature Freezer Market, by Type, 2018–2027 (USD Million)
9.1.6.3 US: Ultra-Low Temperature Freezer Market, by End User, 2018–2027 (USD Million)
9.1.7 Canada: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
9.1.7.1 Canada: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
9.1.7.2 Canada: Ultra-Low Temperature Freezer Market, by Type, 2018–2027 (USD Million)
9.1.7.3 Canada: Ultra-Low Temperature Freezer Market, by End User, 2018–2027 (USD Million)
9.1.8 Mexico: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
9.1.8.1 Mexico: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
9.1.8.2 Mexico: Ultra-Low Temperature Freezer Market, by Type, 2018–2027 (USD Million)
9.1.8.3 Mexico: Ultra-Low Temperature Freezer Market, by End User, 2018–2027 (USD Million)
10. Impact of COVID-19 Pandemic on Global Ultra-Low Temperature Freezer Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Helmer Scientific Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Eppendorf AG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 THERMO FISHER SCIENTIFIC INC.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Arctiko
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Haier Biomedical
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Ultra-Low Temperature Freezer Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 2. North America Ultra-Low Temperature Freezer Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 3. US Ultra-Low Temperature Freezer Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 4. US Ultra-Low Temperature Freezer Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 5. Canada Ultra-Low Temperature Freezer Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 6. Canada Ultra-Low Temperature Freezer Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 7. Mexico Ultra-Low Temperature Freezer Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 8. Mexico Ultra-Low Temperature Freezer Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 9. Glossary of Terms, North America Ultra-Low Temperature Freezer Market
LIST OF FIGURES
Figure 1. Ultra-Low Temperature Freezer Market Segmentation
Figure 2. North America Ultra-Low Temperature Freezer Market Overview
Figure 3. Upright ULT Freezers Segment Held Largest Share of Ultra-Low Temperature Freezer Market
Figure 4. US Is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. North America Ultra-Low Temperature Freezer Market- Leading Country Markets (US$ Mn)
Figure 7. North America Ultra-Low Temperature Freezer Market - North America PEST Analysis
Figure 8. Ultra-Low Temperature Freezer Market Impact Analysis of Drivers and Restraints
Figure 9. North America Ultra-Low Temperature Freezer Market – Revenue Forecasts and Analysis – 2019- 2027
Figure 10. Ultra-Low Temperature Freezer Market Revenue Share, by Type (2019 and 2027)
Figure 11. Upright ULT Freezers: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. Chest ULT Freezers: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Ultra-Low Temperature Freezer Market, by End-User, 2019 and 2027 (%)
Figure 14. Bio-Banks: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Academic Research Institutes: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Hospitals: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Pharmaceutical & Biotechnology Companies: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. North America: Ultra-Low Temperature Freezer Market, by Key Country – Revenue (2019) (USD Million)
Figure 19. North America Ultra-Low Temperature Freezer Market Revenue and Forecast to 2027 (USD Million)
Figure 20. North America: Ultra-Low Temperature Freezer Market, by Country, 2019 & 2027 (%)
Figure 21. US: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
Figure 22. Canada: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
Figure 23. Mexico: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
Figure 24. Impact of COVID-19 Pandemic in North American Country Markets
- Helmer Scientific Inc.
- Eppendorf AG
- THERMO FISHER SCIENTIFIC INC.
- Arctiko
- Haier Biomedical
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