Laboratory Freezers Market Statistics, Facts and Figures, Growth Overview, Size, SWOT Analysis and Forecast to 2030

Laboratory Freezers Market crossed the US$ 4.73 billion mark in 2022 and is expected to hit US$ 6.75 billion by 2030, recording a CAGR of 4.6% during the forecast period.

Based on the products, the laboratory freezers market is segmented into freezers, refrigerators, and cryopreservation systems. The freezers segment reported the leading share of the market in 2022. The large share of this segment can be attributed due to increasing dependency or demand in pharmaceutical and biotechnology companies, academics & research institutes. This encourages vaccine production and medical laboratories in research-based hospitals for storing samples. This research report provides insights into the “Laboratory Freezers Market.” This report summarizes the results of the assessment carried out by Business Market Insights in the field of the Benefits Management Platform for the global perspective. The report provides an analysis of the Benefits Laboratory Freezers Market by deployment, application, and geography.

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Kay Players:

    • Thermo Fisher Scientific Inc.
    • LabWare
    • LabVantage Solutions Inc.
    • Abbott
    • Waters Corporation.
    • Agilent Technologies, Inc
    • IDBS
    • PerkinElmer, Inc.
    • Autoscribe Informatics.
    • Arxspan a Bruker Company
    • Dassault Systèmes
    • RURO Inc.
    • Kinematik
    • Others

Recent strategic developments in the laboratory freezer market

The laboratory freezer market has undergone several significant developments, and a few of these have been mentioned below:

  • In August 2022, Azenta Inc acquired B Medical Systems S.á r.l and its subsidiaries for approximately $396 million.
  • In October 2021, inTest enters medical cold chain market through the acquisition of assets of z-sciences corp. Z-Sciences Corp. is a developer of ultra-cold storage solutions for the medical cold chain market.
  • In March 2021, Helmer Scientific launched of GX Solutions Laboratory and Plasma Freezers for vaccines, medications, blood therapies, and sample storage. OptiCool technology GX Solutions are the first professional medical-grade freezers that are optimized for critical healthcare applications through temperature performance, noise reduction, and decreased energy use.
  • In June 2021, B Medical Systems partnered with Dr. Reddy’s Laboratories to provide cold chain solutions for the Sputnik V vaccine roll-out in India.
  • In May 2021, BioLife Solutions, Inc. acquired Stirling Ultracold, a private manufacturer of ultra-low-temperature freezers.
  • In February 2021, Follett Products, LLC, a division of The Middleby Corporation, and PHC Corporation of North America announced the formation of a partnership to market and sell the PHCbi line of ultra-low temperature freezers, pharmaceutical grade refrigerators, and biomedical freezers to Follett’s healthcare customers.

Scope of the report:

In this report, the market has been segmented based on:

  • Product
    • Freezers
      • Ultra Low Temperature Freezers
      • Laboratory Freezers
      • Plasma Freezers
      • Enzyme Freezers
      • Explosion-proof Freezers
      • Flammable Material Freezers
    • Refrigerators
      • Laboratory Refrigerators
      • Blood Bank Refrigerators
      • Pharmacy Refrigerators
      • Flammable Material Refrigerators
      • Explosion-proof Refrigerators
      • Chromatography Refrigerators
    • Cryopreservation Systems


  • End User:
    • Blood banks
    • Pharmaceutical and biotechnology companies
    • Academic and research institutes
    • Medical laboratories
    • Hospitals
    • Pharmacies
    • Others End-Users
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa


Target audience for the report:

  • Laboratory equipment manufacturers
  • Laboratory freezer manufacturers
  • Original equipment manufacturers
  • Suppliers
  • Distributors of laboratory freezers
  • Hospitals
  • Healthcare service providers
  • Diagnostic centres
  • Laboratories
  • Medical institutes
  • Blood banks
  • Research and consulting firms

The report provides the current market size for the Laboratory Freezers Market, defines trends, and presents growth forecasts for nine years from 2022 to 2030. 2022 is considered as the base year, and 2022 to 2030 is the forecast year for the entire report. All the market numbers for revenue are provided in US dollars. The market is analyzed by the supply side, considering the market penetration of Benefits Management Platform for all the regions globally.

This research report on the “Laboratory Freezers Market” provides a holistic view of the global market size across major regions. The report further elucidates the key driving factors, restraints, growth opportunities, and future trends about the market growth. The market is segmented into deployment, application, and geography.

Market Drivers

Market Restraints

Future Trends

Market Opportunities

Laboratory Freezers Market Research Report Scenario includes:

The report provides qualitative and quantitative trends of the global Laboratory Freezers Market.

The report provides qualitative and quantitative trends of the global Laboratory Freezers Market segmented by deployment, component, solution, application, and geography.

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The report starts with the key takeaways, highlighting the key trends and outlook of the global Laboratory Freezers Market.

Chapter 3 provides the research methodology of the study.

Chapter 4 provides a brief overview of the Benefits Laboratory Freezers Market landscape. It further provides the segmentation of the market with PEST analysis on global scenarios along with ecosystem analysis and expert opinions.

Chapter 5 highlights the Benefits Laboratory Freezers Market trends and outlook and the prevailing factors that are driving the market, as well as are deterrents to market growth, along with their impact analysis.

Chapter 6 discusses the market revenue and forecast, in the global Laboratory Freezers Market.

Chapter 7, 8, and 9 discuss the market segmented by deployment, application, and geography across the regions.

Chapter 10 provides the impact of COVID 19 across the regions and respective countries.

Chapter 11 provides the industry landscape and highlights the major market events, as well as major market vendors in the ecosystem.

Chapter 12 provides the detailed profiles of the key companies operating within the Benefits Laboratory Freezers Market. The companies have been profiled based on their key facts, business descriptions, financial overview, SWOT analysis, and key developments.

Chapter 13, i.e., the appendix is inclusive of a brief overview of the company, glossary of terms, contact information, and the disclaimer section.

The report also covers a detailed chapter of the analysis on COVID-19 impact on this market at the global and regional level in our final reports.

This research provides detailed information regarding the major factors influencing the growth of the Laboratory Freezers Market at the Regional Level (drivers, restraints, opportunities, and challenges), forecast of the market size, in terms of value, market share by region and segment; regional market positions; segment and country opportunities for growth; New product developments, strengths, and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats from current competition and prospects; Key company profiles, SWOT, product portfolio and growth strategies.

Primary Research:

“Business Market Insights” conducts hundreds of primary interviews a year with industry participants and commentators to validate its data and analysis. A typical research interview fulfills the following functions:

Provides First-Hand Information on the Market Size, Market Trends, Growth Trends, Competitive Landscape, and Future Outlook

Validates and Strengthens Secondary Research Findings

Further Develops the Analysis Team’s Expertise and Market Understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

Industry Participants: VPs, Business Development Managers, Market Intelligence Managers and National Sales Managers

Outside Experts: Valuation Experts, Research Analysts and Key Opinion Leaders Specializing in the Industry

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

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