Ultra-low Temperature Freezers Market Analysis

Ultra-low Temperature Freezers Market Analysis

On the basis of type, ultra-low temperature freezers market share from upright freezers segment recorded a valuation of over USD 350 million in 2022. A majority of the segment revenues are coming from the growing demand for freezers in vaccine shipping initiatives. Such freezers are suitable for shipping vaccines made of either messenger ribonucleotides (mRNA) or proteins, as they protect heat-sensitive biomolecules and keep the vaccine content stable. These freezers take up less floor space and are easier to clean, making them the most popular choices. They also come equipped with an auto-defrost feature and are ideal for keeping products more organized.
 

With respect to technology, the automated segment accounted for more than 85% of the ultra-low temperature freezers market in 2022. Notable growth is expected to come from the rising usage of automated freezers in biobanks for making storage and sample retrieval easier. Such freezers can improve the workflow of biobanks, including operations such as sample traceability, sample preservation, and secure storage. In labs and research units, they result in error reduction, efficiency, and productivity enhancement. Automating the biospecimen storage and retrieval reduces the exposure of samples to temperatures and facilitates translational research.
 

North America ultra-low temperature freezers market held over 44.5% of the total revenue share in 2022. Spurred by increasing spending in the region’s healthcare sector, the market is likely to foresee sizable gains through 2032. Back in October 2022, the U.S. government made an investment of over USD 110 million to improve healthcare for rural America, creating novel avenues for the segment growth. Meanwhile, the favorable regulatory environment is also anticipated to proliferate adoption of ULT freezers.
 

Additionally, the increasing burden of chronic ailments in the region has also elevated the demand for ULT freezers for the upkeep of medical devices and samples. As per the U.S. CDC and the U.S. Department of Health and Human Services, more than 20 million Americans are suffering from coronary artery disease.