Global Laboratory Refrigerators and Ovens Market, By Laboratory Refrigerators (General Purpose Lab Refrigerator, Explosion Proof Refrigerator, Portable Refrigerator, Sub-Zero Refrigerator, Walk-In Refrigerator), Laboratory Freezers (General Purpose Lab Freezer, Explosion Proof Freezer, Ultra Low Temperature Freezer) Laboratory Ovens (General Purpose Lab Ovens, Vacuum Ovens), Application (Research and Testing Laboratories, Pharmaceutical, Healthcare Facilities), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2027
The laboratory refrigerators and ovens market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 4.40% in the forecast period of 2020 to 2027 and is expected to reach USD 1.45 billion by 2027. The high demand of laboratory refrigerators and ovens from clinical and biological research sectors will help in escalating the growth of the laboratory refrigerators and ovens market.
Laboratory refrigerators and freezers refer to equipment which assists in storing samples and instrumentation used for conducting experiments requiring precise temperature control. These are also utilized for storing blood supplies for quality preservation, pharmaceutical and medical supplies. Laboratory ovens assist in providing precise and uniform temperature control for procedures such as evaporating, heating, sterilizing, baking and other industrial laboratory functions.
The growth in the sector of life sciences and research and development activities act as a key factor driving the laboratory refrigerators and ovens market in the forecast period 2020 to 2027. Technological advancement and innovation such as remote allocation and the rise in demand for subcontracting private laboratories also affect the market growth. . Additionally, the expansion of blood banking sector increases the demand for laboratory refrigerators which escalates the market growth. Furthermore, changes in consumer’s preference for choice of laboratory refrigerators and ovens and rising popularity of hydrocarbon freezers and laboratory ovens extend profitable opportunities for the laboratory refrigerators and ovens market.
On the other hand, development of substitute refrigerants, outbreak of COVID-19 and global recession are factors restraining the laboratory refrigerators and ovens market growth. Pricing pressure on the laboratory refrigerators and ovens manufacturers may challenge the laboratory refrigerators and ovens market.
This laboratory refrigerators and ovens market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on laboratory refrigerators and ovens market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Laboratory Refrigerators and Ovens Market Scope and Market Size
The laboratory refrigerators and ovens market is segmented on the basis of laboratory refrigerators, laboratory freezers, laboratory ovens and application. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of laboratory refrigerators, the laboratory refrigerators and ovens market is segmented into general purpose lab refrigerator, explosion proof refrigerator, portable refrigerator, sub-zero refrigerator and walk-in refrigerator.
- On the basis of laboratory freezers, the laboratory refrigerators and ovens market is segmented into general purpose lab freezer, explosion proof freezer and ultra-low temperature freezer.
- On the basis of laboratory ovens, the laboratory refrigerators and ovens market is segmented into general purpose lab ovens and vacuum ovens.
- On the basis of application, the laboratory refrigerators and ovens market is segmented into research and testing laboratories, pharmaceutical and healthcare facilities.
Global Laboratory Refrigerators and Ovens Market Country Level Analysis
Global laboratory refrigerators and ovens market is analyzed and market size insights and trends are provided by country, laboratory refrigerators, laboratory freezers, laboratory ovens and application as referenced above.
The countries covered in the laboratory refrigerators and ovens market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the laboratory refrigerators and ovens market because of the increase in the healthcare expenditure and rise in research and development activities in the pharmaceutical sector. Asia-Pacific is expected to display the fastest growth rate because of growing investment and funds to the research and development activities by leading market players in the region.
The country section of the laboratory refrigerators and ovens market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global 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.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Laboratory refrigerators and ovens market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for laboratory refrigerators and ovens market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the laboratory refrigerators and ovens market. The data is available for historic period 2020-2027.
Competitive Landscape and Laboratory Refrigerators and Ovens Market Share Analysis
Laboratory refrigerators and ovens 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, global 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 related to laboratory refrigerators and ovens market.
The major players covered in the laboratory refrigerators and ovens market report are AGA Marvel Corporation, Carbolite Gero Ltd., Cole-Parmer Instrument Company, LLC., Helmer Scientific Inc., NuAire, Thermo Fisher Scientific Inc., Telstar, Chart Industries, Eppendorf AG, LABCOLD, Sheldon Manufacturing, Inc., Worthington Industries, Haier Biomedical, Biomedical Solutions Inc., Arctiko, Angelantoni Life Science, BINDER GmbH, Bionics Scientific Technologies (P). Ltd., EVERMED s.r.l., Philipp Kirsch GmbH, Liebherr, Sheldon Manufacturing, Inc., Terso Solutions, Inc., Terumo Medical Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Laboratory Refrigerators and Ovens Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.