Global Ultra-low Temperature Freezers Market By Product (Upright ULT freezers, Chest ULT freezers), By Degree of Cooling (-41°C to -86°C, -87°C to-150°C), By End User (Bio-Banks, Pharmaceutical & Biotechnology Companies, Academic & Research Laboratories), By Application (Blood & Blood Products, Biological Samples, Flammable Materials, Drug Compounds), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

Ultra-Low Temperature (ULT) freezers are a cutting-edge technology with a temperature range of -45°C to -86°C, and an interior volume of 300 to 800 liters. Upright ULT freezers and chest ULT freezers are the two types of ultra-low temperature freezers.

Polymer tubes or microtubes are commonly used to hold samples in ultra-low temperature freezers. Infectious disorders, cancer, and other chronic diseases are surging, resulting in new drug development and an increased need for Ultra-Low Temperature Freezers (ULTF).

Ultra-low temperature freezers store vaccines and other medical products at a stable temperature to ensure that they do not degrade. Ultra-low temperature freezers are designed using a microprocessor controller, and interior-forced air circulation.

Request Covid - 19 Impact

Ultra-low temperature freezers have applications for storing biological samples such as biological reagents, blood, blood derivatives, medicines, vaccines, Deoxyribonucleic Acid (DNA), Ribonucleic Acid (RNA), flammable chemicals, vaccines, etc.

Segmentation of the Global Ultra-Low Temperature Freezers Market

By Product Type

• Upright ULT freezers
• Chest ULT freezers

By Degree of Cooling

• -41°C to -86°C Freezers
• -87°C to-150°C Freezers

By End User

• Bio-Banks
• Pharmaceutical & Biotechnology Companies
• Academic & Research Laboratories
• Other End Users

By Application

• Blood & Blood Products
• Biological Samples
• Flammable Materials
• Drug Compounds
• Other Applications

By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

Market Dynamics

A key driver of the global ultra-low temperature freezers market is the increasing number of research activities due to the surging prevalence of chronic diseases. In addition, the increase in health expenditures, booming populations, increasing geriatric populations, a spike in medical treatments such as organ transplant, cellular therapy, etc., are factors anticipated to propel the economic growth of the global ultra-low temperature freezers market.

The Increasing number of blood donation drives being conducted across the globe, coupled with growing demand for blood and blood transfusion procedures, are expected to provide an impetus towards the demand for ULT freezers.

However, stringent regulatory authorities may hinder the revenue growth of the global ultra-low temperature freezers market over the forecast timeline to a certain extent.

Established players in the global ultra-low temperature freezers market are focusing on expanding their product portfolios as well as in providing customized freezers of varying sizes and volumes as per the requirements of end-users.

Major players are partnering with small-scale players to enhance their expand their global footprint with the use of advanced technologies. The COVID-19 outbreak positively influenced the ULT freezers market as the adoption of ULT freezers for the storage and transportation of COVID vaccines surged.

Competitive Landscape

• Eppendorf AG
• Helmer Scientific
• Panasonic Healthcare Corporation
• Thermo Fisher Scientific
• Arctiko A/S
• Bionics Scientific Technologies (P) Ltd.
• Glen Dimplex
• Haier Biomedical
• LABCOLD
• Remi Group

Recent Developments in this Industry:

• In October, 2020, Eppendorf (Germany) launched Refrigerated Centrifuge 5425 R
• In September, 2020, Thermo Fisher Scientific (US) opened a new bioprocessing collaboration center in St. Louis, MO, US
• In January, 2021, Thermo Fisher Scientific acquired Henogen S.A. for approximately €725 million
• In March, 2021, Helmer Scientific, a leading manufacturer of cold storage products and processing equipment launched GX solutions freezers for vaccine, medication, blood therapy, and sample storage. Powered by OptiCool technology, GX solutions offered the first professional medical-grade freezers that were optimized for critical healthcare applications through temperature performance, noise reduction, and decreased energy use
• In February, 2021, Godrej Appliances launched new ultra-low temperature freezers for vaccine storage. These advanced medical freezers can preserve life-saving medical supplies including critical vaccines below -80°C and are aimed at boosting both Indian and global medical cold chains.

For the Ultra-low Temperature Freezers Market research study, the following years have been considered to estimate the market size: