Laboratory Refrigerators and Freezers Market

Laboratory Refrigerators and Freezers Market Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2019 – 2027
Laboratory refrigerators and freezers are used for preservation of specimen samples, blood
samples, blood plasma, and other products including vaccines, syringes, etc. giving it a broad
range of applications. These are highly sterilized and maintained at the required standards for
prevention from bacterial or any other contamination. They are supposed to maintain a constant
temperature, in order to minimize the risk of contamination and explosion (in case of volatile
products). A refrigerator or freezer typically contains – condenser, compressor, evaporator, and
expansion valve. Freezer is used when the products are to be maintained at a temperature
below the freezing point.
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Global Laboratory Refrigerators and Freezers Market Drivers
Adoption of strategies such as collaboration, partnerships, merger, and acquisitions by the key
players is expected to drive the global laboratory refrigerators and freezers market growth. For
instance, in May 2018, Phononic, Inc., partnered with Thermo Fischer Scientific, a
biotechnology product development company for creating an exclusive product line in healthcare
and life sciences. This agreement also includes development of Thermo Fischer Scientific‘s TSX
505 series of laboratory refrigerators. Hence, such partnerships are expected to accelerate the
global laboratory refrigerators and freezers market growth.
Furthermore, key players are constantly introducing new product into the market, which is
expected to propel the global laboratory refrigerators and freezers market growth. For instance,
in June 2016, Phononic Inc. launched a product, medical grade under-counter refrigerator,
which was added to its Evolve brand. It is used for storage of pharmaceutical drugs, vaccines,
and medical devices. The refrigerator provides high stability in regulating temperature and a
monitoring software. It also has batter back-up facility and noise producing level is very low
(less than 35 decibels).
Furthermore, in February 2019, Panasonic Health Co. launched a new refrigerator, which is
going to be used for preservation of pharmaceutical drugs, vaccine, high–value samples and
specimens. It has – 300C freezer (free natural refrigerants used) and invertor compressor, which
helps in reduction of power consumption. Hence, introduction of new products is expected to,
drive the global laboratory refrigerators and freezers market growth.
Report includes chapters which deeply display the following deliverable about industry :
• Laboratory Refrigerators and Freezers Market Research Objective and Assumption
• Laboratory Refrigerators and Freezers Market Purview - Report Description, Executive
Summary, and Coherent Opportunity Map (COM)
• Laboratory Refrigerators and Freezers Market Dynamics, Regulations, and Trends Analysis Market Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system
Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Laboratory Refrigerators and Freezers Market , By Regions
• Laboratory Refrigerators and Freezers Market Competition by Manufacturers including
Production, Share, Revenue, Average Price, Manufacturing Base Distribution, Sales Area and
Product Type.
• Laboratory Refrigerators and Freezers Market Manufacturers Profiles/Analysis including
Company Basic Information, Manufacturing Base and Its Competitors.
• Laboratory Refrigerators and Freezers Market Manufacturing Cost Analysis including Key Raw
Materials and Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Laboratory Refrigerators and Freezers Market Forecast including Production, Consumption,
Import and Export Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Global Laboratory Refrigerators and Freezers Market Regional Analysis
North America is expected to hold a dominant position in the global laboratory refrigerators
and freezers market, owing to increase in number of blood banks, influencing positively North
America’s laboratory refrigerators and freezers market growth. According to Americas Blood
Centers, there are over 600 blood collection centers present in the U.S., 2018, and these blood
collection centers are expected to require more number of laboratory refrigerators and freezers
for storing the blood plasma and other products. Hence, this may increase the demand for
laboratory refrigerators and freezers in North America and thereby, driving the global laboratory
refrigerators and freezers market growth.
Global Laboratory Refrigerators and Freezers Market Restraints
Manufacturers are constantly developing new products in laboratory refrigerators and freezers.
This further adds up into final cost, making these products expensive, which may hinder the
global laboratory refrigerators and freezers market growth. For instance, one TSX Series Ultra
Low Temperature Freezer, a product of Thermo Fischer Scientific costs around US$ 21,908.
Such high costs of laboratory refrigerators and freezers may lead to lesser adoption in emerging
economies and thereby, restricting the global laboratory refrigerators and freezers market
growth.
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Global Laboratory Refrigerators and Freezers Market Key Players
Some of the major players operating in the global laboratory refrigerators and freezers market
include, Thermo Fischer Scientific, Phononic Inc., Philipp Kirsch GmbH, Haier Biomedical,
Panasonic Healthcare Co., Ltd., VWR Corporation, Eppendorf AG, Bionics Scientific Technologies
Ltd., Helmer Scientific, and Aegis Scientific Inc.
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Laboratory refrigerators and freezers are used for preservation of specimen samples, blood samples, blood plasma, and other products including vaccines, syringes, etc

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