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Ultra-low Temperature Freezers Market Size By Type (Chest Freezers, Upright Freezers), By Application (Blood & Blood Products, Organs, Pharmaceuticals, Forensic and Genomic Research), By Technology (Automated, Semi-automated), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

  • Report ID: GMI2403
  • Published Date: Jan 2021
  • Report Format: PDF

Industry trends

Ultra-low Temperature Freezers Market size valued at USD 470 million in 2019 and is expected to witness over 3.7% CAGR from 2020 to 2026. Increasing funding in biomedical industry for drug discovery will contribute to significant rise in demand for ultra-low temperature freezers. ULTFs help to maintain desired temperature of certain biological products, specifically in blood banks and research labs.

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The COVID-19 pandemic has affected millions of people globally, stimulating the demand for vaccines for reduction in infected people. Various pharmaceutical companies have collaborated with ULTF manufacturing firms for storage and transportation of the vaccines to various locations. Thus, with rapid vaccine development activities and specific temperature requirement of certain vaccines, the ultra-low temperature freezers market will grow substantially in the foreseeable future. However, high cost of the equipment and stringent regulations may impede product adoption.

Increasing genomic research and technological innovation will stimulate adoption of ULTFs among professionals

Increasing incidence of various infectious diseases, cancer, and other chronic diseases along with growing adoption of personalized medicine has accelerated new drug development procedures. Rising interest towards genomic field has accelerated various research and development activities including next generation sequencing. Moreover, increasing investment by public and private organizations for drug development is further expected to boost the ultra-low temperature freezers market demand as ULTFs play crucial role in storage of samples at specific temperature range. Focus on technological innovation in this field will benefit the firms in business expansion.

High storage capacity and maximum efficiency in upright freezers will broaden its customer base

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Upright freezers segment dominated over 90% ultra-low temperature freezers market share in 2019. Ease of use and cost-effectiveness will fuel the customer preference for upright freezers. Technological advancements in upright freezers has made it easy to operate in nature, thereby enhancing its functionality. These models comprise versatile storage systems with removable or adjustable door storage bins, adjustable and sliding shelves along with pull out baskets.

Growing awareness about organ donation and high demand for donor organ

Organs segment in the ultra-low temperature freezers market is predicted to register growth of 3.7% during the forecast period. Increasing prevalence of chronic disorders, leading to organ failures have impelled the demand for organ donors. Donated organs require storage and preservation at specific low temperatures that will create demand for ultra-low temperature freezers in future.

Demand for organ transplantation due to accidents and growing number of trauma cases is subsequently rising. Long term preservation of organs requires substantially low temperature. Shortage of organ supply and increasing number of people in waiting list is propelling demand for better and advanced techniques for preservation of organs. Moreover, some government are funding to breakthrough in the field of cryopreservation of some organs, thereby advancing organ banking.

Rising adoption of environmentally friendly and technological advanced products will foster the ultra-low temperature freezers market growth

Automated technology segment value was over USD 400 million in 2019. Automated freezers are used in high throughput biobanks that considerably cut down the time required to retrieve and store samples and maintain high-quality samples. Enhanced touchscreen interface with capacitive touch allow easy access to set points, data, and security information.

Automated freezers use less power and with them in use, the greenhouse gas emissions are lower. The process of defrosting is easy and quickly completed. It releases vacuum automatically that enables repeated opening and closing without long waiting time. The automated ULT freezers eliminate freeze-thaw cycles, and limit entry of moisture into the system. The system continuously monitors the environment.

Presence of market players and growing pharmaceutical industry in the Europe

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Europe ultra-low temperature freezers market accounted for over 25% revenue share in 2019. Growing healthcare spending, leading to adoption of recent technologies and demand for ultra-low temperature freezers are some of the driving factors in countries such as Germany, UK, France, and Italy. Rising government funding in science and technology will further increase the purchasing power of healthcare facilities.

Rising number of organ donations in the Europe and increasing research and development activities will positively influence the market size. For instance, the UK market is anticipated to expand significantly on account of presence of large biobanks that provide medical research project funding coupled with increasing number of organ donations. Moreover, large number of COVID-19 cases has presented growth opportunities to the market players.

Market players are focusing on innovative product introductions that will enhance their business growth potential through differentiation

Some of the leading players operating in the ultra-low temperature freezers industry include PHC Holdings Corporation, Stirling Ultracold, Eppendorf, Thermo Fisher Scientific and VWR International among other players. These market players are adopting various inorganic growth strategies to obtain competitive advantage and strengthen their market position.

The ultra-low temperature freezers market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments:

Market, By Type

  • Chest Freezers
  • Upright Freezers
  • Others

Market, By Application

  • Blood and blood products
  • Organs
  • Pharmaceuticals
  • Forensic and Genomic Research
  • Others

Market, By Technology

  • Automated
  • Semi-automated

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Qatar
    • UAE


Authors: Sumant Ugalmugle, Rupali Swain

Frequently Asked Questions (FAQ) :

The industry share of ultra-low temperature freezers was at USD 470 million in 2019 and is likely to grow at a CAGR of 3.7% through 2026 owing to the rise in funding in the biomedical sector for drug discovery.
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.
The organs segment is anticipated to grow at a rate of 3.7% through 2026 driven by rising awareness about organ donation and increasing demand for donor organs.
The market size from automated technology segment was valued at more than USD 400 million in 2019 with the increasing adoption of environmentally friendly and technologically advanced products.
Europe held more than 25% of market revenue in 2019 and is expected to register appreciable growth due to surging healthcare spending and the adoption of recent technologies.?

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Premium Report Details

  • Base Year: 2019
  • Companies covered: 12
  • Tables & Figures: 254
  • Countries covered: 17
  • Pages: 158
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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