According to Data Bridge Market Research new market report, global laboratory freezers market accounted to USD 3.15 billion in 2017 growing at a CAGR of 4.5% during the forecast period of 2018 to 2025.
Global Laboratory Freezers Market
Laboratory freezers are electronic devices used to store chemicals, enzymes and important reagents used in medical laboratory, pharmaceutical industries and blood banks. There are different type of freezers like plasma freezers, enzyme freezers, Flammable Material and Explosion-Proof Freezers.
Flammable Material and Explosion-Proof Freezers are safe for storage of the flammable and volatile materials and prevent from the explosion. These are designed as per the US Pharmacopeia standards for drug storage as well as NFPA and OSHA standards. While plasma freezers are designed are per the FDA, ANRC and AABB.
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Global laboratory freezers market is segmented on the basis of product type, end user and geography.
By Product Type (Freezers, Refrigerators, Cryopreservation Systems), End User (Blood Banks, Pharmaceutical & Biotechnology Companies, Academic & Research Institutes, Medical Laboratories, Hospitals, Pharmacies), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH LABORATORY FREEZERS MARKET
Increasing Rate of Geriatric Population
According to United Nations Department of Economic and Social Affairs/Population Division; in 2017, estimated population of people with age 60 or above was 962 million, which means around 13 per cent of the population. This age bracket or group is growing at a rate of 3 per cent every year. Presently, Europe is leading the other regions in terms of population consisting of this age group. This brisk speed of ageing is expected to carry on in other regions as well, which projects that by the end of 2050 excluding Africa all regions of the world would have more than a quarter share of their total population at an age of 60 years and above. The population of this age group is projected to reach around 1.40 billion in 2030 and 2.10 billion in 2050, and could ultimately rise up to 3.10 billion in 2100.
Few of the major competitors currently working in the laboratory freezers market are AGA Marvel, Azbil Telstar, S.L., Carbolite GERO Ltd., Chart Industries, Inc., Cole-Parmer Instrument Company, Eppendorf AG, Helmer Scientific, Haier Biomedical, Labcold Ltd., NuAire Inc., Panasonic Healthcare Holdings Co., Ltd., Philipp Kirsch GmbH, Sheldon Manufacturing, Inc., Thermo Fisher Scientific, Inc., Worthington Industries, VWR Corporation, ARCTIKO A/S, Biomedical Solutions Inc., EVERmed S.R.L., Angelantoni Life Science, BINDER, Advantage Business Marketing, C.F. di Ciro Fiocchetti & C. s.n.c., Lab Research Products and Huurre Group.
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