Laboratory freezers are used in laboratories and in research laboratories. These freezers have to meet specific requirements with regards to safety and temperature consistency. These are, therefore, provided with several features and functions to ensure maximum storage of critical chemicals, sensitive samples, and research materials. An electronic controller enables to create optimum storage conditions such as highly effective insulation, dynamic cooling system, and accurate temperature setting. Enzyme freezer comprises a microprocessor which has a control with large digital display and has accuracy of 1 °C. A plasma freezer is used in cryoprecipitation of antihemophilic of whole blood. Explosion proof refrigerators are designed to store flammable liquids and hazardous chemical substances to reduce the risk of explosion outside and inside the cabinet. Flammable material storage freezers are also equipped to reduce the risk of explosion in the cabinet while storing volatile materials and flammable chemicals. A laboratory freezer is used for storage of volatile chemicals, industrial-grade compounds that will explode if exposed to atmosphere, and vaccines & blood samples. Ultra-low temperature freezers are used to store DNA/RNA, autopsy materials, plant samples & insect artifacts, tissues & plasma, blood, chemicals, antibiotics, and drugs.
The global laboratory freezers market is driven by technical augmentation, increase in the geriatric population, infrastructural upgrade at research laboratories, and rise in medical tourism. However, high cost of digital equipped freezers is expected to restrain the global laboratory freezers market.
The main obstacle faced by the freezers is to minimize the energy consumption. However, refrigerants used in the freezers could lead to ozone layer depletion. This is projected to restrain the global laboratory freezers market. Hence, the equipment should have least potential for global warming, it should be non-toxic as well as non-inflammable.
The global laboratory freezers market can be segmented based on product type and end-user. In terms of product type, the global laboratory freezers market can be classified into freezers, cryopreservation systems, and refrigerators. The freezers segment can be categorized into enzyme freezers, explosion-proof freezers, plasma freezers, flammable material freezers, ultra-low temperature freezers, and laboratory freezers. Enzyme freezers are used to preserve enzymes because exposure to too much heat can cause structural deformations or melting. Explosion-proof freezers lower the threat of explosion outside and inside of the cabinet when hazardous chemicals and volatile materials are stored. Plasma freezers have a digital microprocessor controller with visual and audio alarms, thick insulation. Flammable material freezers reduce the risk of explosion inside the cabinet while storing volatile materials and flammable chemicals. Ultra-low temperature freezers are equipped to preserve all biological samples at temperatures ranging from -86 °C to -150 °C. Laboratory freezers are energy efficient and have high performance to meet the stringent standards of biotechnology, life sciences and industrial laboratories samples. The refrigerators segment can be divided into flammable material refrigerators, chromatography refrigerators, explosion-proof refrigerators, pharmacy refrigerators, blood bank refrigerators and laboratory refrigerators.
Based on end-user, the global laboratory freezers market can be segmented into blood banks, pharmacies, pharmaceutical & biotechnology companies, academic & research institutes, medical laboratories, and hospitals. The blood banks segment is expected to be driven by high demand for blood components and whole blood because of rise in blood disorders such as blood cancer, sickle cell anemia, and hemophilia.
Geographically, the global laboratory freezers market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global laboratory freezers market during the forecast period. The U.S. is a major market for laboratory freezers because of high health care expenditure, increase in R&D activities in the pharmaceutical and life sciences industries, and advanced health care infrastructure. The laboratory freezers market in Asia Pacific is expected to witness strong growth in the next few years.
Key players operating in the global laboratory freezers market are Thermo Fisher Scientific, Inc., Eppendorf AG, Haier, Helmer Scientific, EVERmed S.R.L., Arctiko A/S, VWR Corporation, Panasonic Healthcare Co., Ltd., and Philipp Kirsch GmbH, among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.