North America Ultra-Low Temperature Freezer Market Dynamics and Trends by 2027

Historic Data: 2017-2018   |   Base Year: 2019   |   Forecast Period: 2020-2027

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

  • Report Code : TIPRE00012985
  • Category : Life Sciences
  • No. of Pages : 92
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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)

  • This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

NORTH AMERICA ULTRA-LOW TEMPERATURE FREEZER – MARKET SEGMENTATION

By Type

  • 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

North America Ultra-Low Temperature Freezer Report Scope

Report Attribute Details
Market size in 2019 US$ 220.25 Million
Market Size by 2027 US$ 313.19 Million
Global CAGR (2020 - 2027) 4.7%
Historical Data 2017-2018
Forecast period 2020-2027
Segments Covered By Type
  • Upright ULT freezers
  • Chest ULT freezers
By End User
  • Bio-Banks
  • Hospital
  • Pharmaceutical and Biotechnology Companies
  • Academic and Research Institute
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • Helmer Scientific Inc.
  • Eppendorf AG
  • THERMO FISHER SCIENTIFIC INC.
  • Arctiko
  • Haier Biomedical
    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset
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    Report Coverage

    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered

    Segment Covered

    Type, End User, and, Country

    Regional Scope

    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope

    Country Scope

    US, Canada

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    North America Ultra-Low Temperature Freezer Market
    Connect With Expert
    1. Helmer Scientific Inc.
    2. Eppendorf AG
    3. THERMO FISHER SCIENTIFIC INC.
    4. Arctiko
    5. Haier Biomedical
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