North America Ultra Low Freezers Market – Industry Trends and Forecast to 2030

North America Ultra Low Freezers Market Analysis and Size

The market is fragmented in nature, as it consists of many global players such as Thermo Fisher Scientific Inc., VWR International, LLC., Eppendorf SE, and PHC Corporation, among others. The presence of these companies produces competitive prices for ultra low freezer products across the region. Due to the presence of these players at regional and international levels, suppliers and manufacturers offer products with different specifications and characteristics in all budgets. The rising demand for ultra-low freezers and the use of blood components and vaccines globally is expected to drive market growth.

The North America ultra low freezers market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.2% in the forecast period of 2023 to 2030 and is expected to reach USD 355.04 million by 2030. The growing demand for biopharmaceuticals and vaccines acts as a driver for the North America ultra low freezers market growth.

Market Definition

Ultra low freezers, often abbreviated as ULT freezers, represent a specialized segment within the refrigeration industry. These are highly sophisticated and technologically advanced devices designed for the preservation of biological and pharmaceutical samples at extremely low temperatures. They are a crucial tool in scientific and medical research, besides in various industries such as biotechnology and pharmaceuticals. With the growing importance of life sciences research and the need for reliable cold storage solutions, the ultra-low freezer market has witnessed substantial growth, with manufacturers continually innovating to improve energy efficiency, temperature stability, and storage capacity.

North America Ultra Low Freezers Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail below:

Drivers

• Increasing Demand for Biopharmaceuticals and Vaccines

The rising demand for biopharmaceuticals and vaccines can be attributed to several interconnected factors. Firstly, advances in biotechnology and genomics have transformed the pharmaceutical industry. Techniques such as CRISPR-Cas9 have revolutionized gene editing, enabling the development of highly targeted treatments and vaccines. In addition, the emergence of antibiotic-resistant bacteria highlights the importance of continuous R&D in biopharmaceuticals and vaccines. The escalating demand for biopharmaceuticals and vaccines is a significant driver for the market. These specialized freezers are essential for preserving the integrity and efficacy of temperature-sensitive biological materials used in vaccine production and biopharmaceutical research. With the proliferation of innovative vaccines and biopharmaceuticals, there is a growing need for expanded cold storage capacity. Many of these products require storage at ultra-low temperatures, typically below -70°C or even as low as -80°C to maintain their stability.

• Rising R & D Activities in Life Sciences

The rising R&D activities in the life sciences represent a thriving and multifaceted domain at the intersection of biology, medicine, technology, and sustainability. This surge in R&D can be attributed to several interconnected factors.

Firstly, rapid technological advancements, such as genomics, CRISPR-Cas9 gene editing, and high-throughput screening, have revolutionized how scientists study and manipulate biological systems, fostering a fertile ground for innovation and discovery. These tools enable researchers to decode genomes, identify disease markers, and develop novel therapies with unprecedented precision.

Opportunity

• Increasing Demand for Bio Preservation and Biobanking

The increasing demand for biopreservation and biobanking can be attributed to several factors, reflecting the growing importance of these practices in various fields such as healthcare, pharmaceuticals, research, and personalized medicine.

Restraint/Challenge

•  Temperature Validation and Calibration of Ultra Low Freezers

Temperature validation and calibration for ultra low freezers is a critical process in various industries, such as healthcare, research, and pharmaceuticals, where these freezers are used to store sensitive and valuable materials, including vaccines, biological samples, and chemicals, at extremely low temperatures (typically between -40°C to -80°C). Accurate and consistent temperature control is essential to ensure the integrity and viability of these stored materials.

Recent Developments

• In June 2023, NuAire Inc., a leading supplier of laboratory equipment, recently entered into a strategic partnership with Activar Plastic Products Group (APPG) and its brand LabAire Systems, a renowned manufacturer of high-quality plastic components and products. The goal of this collaboration is to expand NuAire's product offering and facilitate the development of innovative solutions for various laboratory applications. Under this new agreement, LabAire will use its plastics manufacturing and design expertise to produce high-performance components for NuAire's state-of-the-art laboratory equipment. Both companies benefit from shared knowledge and resources, joining forces, resulting in more efficient and sustainable production processes.
• In May 2023, Binder GmBH launched the new UF V 350, a small and efficient ultra-low-temperature freezer for reliable storage of sensitive samples. The UF V 350 is a very compact device specially developed to save space in laboratories without compromising performance. Its smaller footprint means the UF V 350 can be easily transported through standard doorways, making it much easier to install and integrate into existing laboratory spaces. The device can optimally perform something larger in laboratories with limited space, but reliable and safe storage of samples must be ensured. This launch has helped the company to expand its freezers product portfolio.
• In July 2022, Telstar developed a new sensor that can monitor the progress of the sublimation front in real-time in GMP freezing processes. The disposable sensor, which contains 5 independent temperature sensors, including wireless communication placed in the vial, makes it an innovative system that can precisely follow the progress of the sublimation front, which is key to optimizing the initial drying stages of lyophilization processes. This new development will help the company to expand its product portfolio.

North America Ultra Low Freezers Market Scope

The North America ultra low freezers market is segmented into seven notable segments based on type, technology, degree of cooling, insulated material, application, end user, and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Product
• Freezer Parts and Accessories

On the basis of type, the market is segmented into product and freezer parts and accessories.

Technology

• Automated Freezers
• Semi-Automated Freezers

On the basis of technology, the market is segmented into semi-automated freezers and automated freezers.

Degree of Cooling

•   -41°C TO -86° C Freezers
•   -87°C TO -150° C Freezers
•   -10°C TO -40° C Freezers

On the basis of degree of cooling, the market is segmented into -41°C to -86 °C freezers, -87°C to -150 °C freezers, and -10°C to -40 °C freezers.

Insulated Material

•  Polyurethane Foam
•  Vacuum Panels
•  Others

On the basis of insulated material, the market is segmented into polyurethane foam, vacuum panels, and others.

Application

• Blood & Blood Products
•  Biological Samples
•  Drug Compounds
•  Organs
•  Others

On the basis of application, the market is segmented into blood & blood products, biological samples, drug compounds, organs, and others.

End User

• Hospitals
• Corporate Laboratories
• Pharmaceuticals Companies
• Bio-Banks
• Clinics
• Academic and Research Institutes
• Others

On the basis of end user, the market is segmented into hospitals, corporate laboratories, pharmaceuticals, bio-banks, clinics, academic and research institutes, and others.

Distribution Channel

• Direct Tenders
• Retail Sales
• Third Party Distribution

On the basis of distribution channel, the market is segmented into direct tenders, retail sales, and third party distribution.

North America Ultra Low Freezers Market Regional Analysis/Insights

The North America ultra low freezers market is analyzed, and market size insights and trends are provided by type, technology, degree of cooling, insulated material, application, end user, and distribution channel as referenced above.

The countries covered in the North America ultra low freezers market report are U.S., Canada, Mexico.

U.S. in North America is expected to dominate the market due to its advanced healthcare infrastructure and high number of manufacturers in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and North America Ultra Low Freezers Market Share Analysis

The North America ultra low freezers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies focus on the North America ultra low freezers market.

Some of the major companies operating in the market are Thermo Fisher Scientific Inc., Helmer Scientific Inc., BINDER GmbH, Esco Micro Pte. Ltd., NuAire, Inc., BioLife Solutions Inc., PHC Corporation, ATICO, Eppendorf SE,  VWR International, LLC., Telstar, B Medical Systems, and among others.

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