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Ultra-low Temperature Freezers Market Share

Report ID: GMI2403
Published Date: Mar 2023
Report Format: PDF

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Ultra-low Temperature Freezers Market Share

Some of the prominent ULT freezers market players include

EVERMED s.r.l.
Helmer Scientific, Inc.
Global Cooling Inc.
Haier Biomedical
Stirling Ultracold

Many of them are prioritizing product innovations in the face of growing demand to sustain their industry standing. Citing an instance, in October 2022, Thermo Fisher Scientific, an American scientific instrument supplier, launched the TDE Series -80°C chest freezers. Thing latest addition to its ultra-low temperature (ULT) green catalogue is intended for applications that require both frequent and long-term storage. This launch helped the company broaden its product portfolio while enhancing its market position.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market for ultra-low temperature freezers recorded a valuation of more than USD 426 million in 2022, with projections expecting it to grow at more than 5% CAGR from 2023 to 2032, driven by innovations in the field of drug discovery and development across the globe.

Upright freezers segment captured 90% of market share in 2019 and is set to record substantial growth owing its ease of use and cost-effectiveness.

North America ultra-low temperature freezers industry accounted for more than 44.5% of the revenue share in 2022, with projections expecting it to foresee strong growth due to increasing spending in the region’s healthcare sector.

Some of the major ULT freezer market players include names such as EVERMED s.r.l., Helmer Scientific, Inc, Haier Biomedical, PHC Holdings Corporation, Global Cooling Inc., and, Stirling Ultracold, among others.