Ultra-low Temperature Freezers Market Size, By Type (Chest Freezers, Upright Freezers), By Application (Blood and Blood Products, Organs, Pharmaceuticals, Forensic and Genomic Research),By Technology (Automated, Semi-automated), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, Italy, France, Russia, China, India, Japan, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE and Qatar) Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Published Date: February 2018 | 180 Pages | Report ID: GMI2403 Report Format: PDF

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Industry Trends

Ultra-low Temperature Freezers Market size was valued around USD 150 million in 2016 and is anticipated to witness growth of over 4.5% CAGR from 2017 to 2024.

China Ultra-Low Temperature Freezers Market, By Type, 2013 - 2024 (USD Million)
China Ultra-Low Temperature Freezers Market, By Type, 2013 - 2024 (USD Million)


Rising incidences of cancer, infectious diseases and growing adoption of personalized medicines has accelerated drug development procedures coupled with demand for ultra-low temperature freezers. Increasing funding towards development of orphan drugs will propel industry growth over the forecast timeframe.

Increasing genomic research activities to study role of genes in association with disease will positively impact market growth. Rapid development of human genome project has escalated number of genomic research projects, thus fuelling market growth. Industry players are focusing towards development of ultra-low temperature capable of delivering rapid cooling will favour business growth.

Technological advancements in ultra-low temperature freezers, growing adoption for storage of high value pharmaceuticals, samples coupled with rising demand for advanced treatment and growing healthcare expenditure will drive ultra-low temperature freezers (ULT) market over the forecast period. However high cost associated with ultralow temperature freezers and stringent regulations will hinder market growth.

Ultra-low Temperature Freezers Market, By Type

Upright freezers dominated global ultra-low temperature freezers market in 2016 and is anticipated to follow similar trend over the forecast period. Technological advancements in upright freezers leading to high adoption along with enhanced accessibility and operation management. Cost-effectiveness and high storage capacity offered by chest freezers will stimulate growth of chest freezers market over the coming years.

Ultra-low Temperature Freezers Market, By Application

Blood and blood products segment accounted for largest market share in 2016. Growing adoption of ultra-low temperature freezers for storing white blood cells, red blood cells, and plasma products will drive market growth. Growing awareness about blood donation through campaigns and other initiatives undertaken by private and public players will drive industry growth.

End-users such as hospitals, pharmacies and laboratories use ultra-low temperature freezers for storing medicines, pharmaceuticals and samples to prevent them from degradation as well as quality retention of the products will drive market growth over the forecast period. Increasing demand for compounded medicines and advanced treatment coupled with rising healthcare expenditure will drive ultra-low temperature freezers market.

Ultra-low Temperature Freezers Market, By Technology

Automated ultra-low temperature freezers segment accounted for largest market share in 2016. Growing demand for automatic systems coupled with rising adoption of automatic ULT freezers in biobanks and laboratories to store high value samples will drive market growth.  Availability of numerous automatic ULT freezers in the market with advanced features will positively impact market growth.

Ultra-low Temperature Freezers Market, By Region

U.S. dominated North America ultra-low temperature freezers market in 2016 due to high adoption of ultra-low temperature freezers in laboratories and rising investment by private and public organizations towards new drug development and other research activities. Numerous efforts undertaken by U.S. Environmental Protection Agency (EPA's) and U.S. Department of Energy (DOE) to augment adoption of ULT freezers will drive market growth over the forecast timeframe.

Rising genomic research activities, presence of biobanks along with rising number of blood donations will drive Germany ultra-low temperature freezers market over the forecast period. Growing number of plasma and red blood cell transfusion in the country will favour industry growth.

Saudi Arabia ultra-low temperature freezers market will witness considerable growth during the forecast period owing to increasing genomic research activities and programs such as organ transplantation program launched in 2014. Presence of organization such as The Saudi Centre for Organ Transplantation (SCOT) working towards creating awareness about organ transplantation in the country will drive market growth.

Competitive Market Share

Few players of global ultra-low temperature freezers market are Eppendorf AG, Helmer Scientific, Haier, Panasonic Healthcare, Thermo Fisher Scientific and Binder. Industry players are adopting inorganic growth strategies such as acquisition, partnerships and strategic collaboration to broaden their existing business portfolio as well as sustain market position. Other active players in the market include VWR International, Stirling Ultracold, EVERmed, Arctiko, ESCO MICRO, and Azbil Corporation.

Ultra-low Temperature Freezers Industry Background

Ultra-low Temperature Freezers Market Segmentation

Industry players are focusing their efforts towards developing cost-effective and reliable ultra-low temperature storage system with high energy efficiency and temperature uniformity. Market players such as Panasonic and Stirling Ultracold are entering into partnership with U.S. Environmental Protection Agency (EPA) ENERGY STAR program to promote their commitment towards manufacturing eco-friendly products. Technological advancement in ULT freezers include development of portable ULT freezers system such as Portable Shuttle (Model ULT-25NE) developed by Stirling Ultracold. Market players are focusing on developing systems with reduced energy consumption and natural refrigerants. For instance, Panasonic launched VIP ECO freezer in June 2017 to fulfil increasing consumer demand for environmental friendly systems with high energy efficiency.

What Information does this report contain?

Historical data coverage: 2013 to 2016; Growth Projections: 2017 to 2024.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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