The global laboratory freezer market has seen a significant growth in the past few years. This is mainly due to the growing demand for laboratory equipment and the increasing need for precise temperature control in the laboratory environment. The laboratory freezer market is expected to grow at a CAGR of 4.9% between 2020 and 2026, reaching a market value of USD 5.7 billion by 2026.

Laboratory freezers are used to store a variety of laboratory specimens and reagents, such as blood, tissue, enzymes, and cultures. They are available in a variety of sizes, shapes, and designs, including upright, chest, and under-counter models. Laboratory freezers provide precise temperature control, which is necessary for the successful storage of samples and reagents.

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The rising demand for advanced laboratory equipment, such as ultra-low temperature freezers, is driving the growth of the laboratory freezer market. Ultra-low temperature freezers are designed to maintain temperatures as low as -86°C, which is essential for the storage of biological samples that require extremely low temperature conditions. Moreover, the increasing prevalence of infectious diseases and the growing demand for vaccines are creating a need for advanced laboratory equipment, which, in turn, is expected to fuel the growth of the laboratory freezer market.

Furthermore, the growing trend of automation and digitalization in the laboratory environment is also driving the growth of the market. Automated laboratory freezers provide enhanced safety, as they are equipped with alarms and sensors that monitor temperature changes and alert the user when the temperature exceeds the required limit. Additionally, the increasing investments in research and development activities in the pharmaceutical and biotechnology industries are creating a need for advanced laboratory equipment, which is further expected to propel the growth of the laboratory freezer market.

Despite the various growth drivers, the high cost of laboratory freezers is a major factor restraining the growth of the market. Furthermore, the lack of trained personnel to operate and maintain the equipment is also expected to hamper the growth of the laboratory freezer market in the coming years.

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Key Market Players

Prominent players in the laboratory freezers market include Eppendorf AG (Germany), Haier Biomedical (China), Thermo Fisher Scientific, Inc. (US), Helmer Scientific (US), PHC Holdings Corporation (Japan), Liebherr (Switzerland), Middleby Corporation (Follett Products, LLC), Felix Storch, Inc. (US), BioLife Solutions, Inc. (Stirling Ultracold) (US), Blue Star Limited (India), B Medical Systems (Luxembourg), Philipp Kirsch GmbH (Germany), Avantor, Inc. (US), Standex International Corporation (US), Vestfrost Solutions A/S (Denmark), Changhong Meiling Co. Ltd. (China), EVERmed S.R.L. (Italy), ARCTIKO A/S (Denmark), Glen Dimplex Medical Appliances (LEC Medical) (Ireland), So-Low Environmental Equipment Co. Ltd. (US), KW Apparecchi Scientifici SRL (Italy), Jeio Tech (Republic of Korea), Refrigerated Solutions Group (US), Stericox India Private Limited (India), Thalheimer Kühlung (Germany), and Antylia Scientific (US).

Thermo Fisher Scientific (US) is a leading player in the laboratory freezers market and accounted for the largest share of the market. The company’s products in the laboratory freezers market include laboratory refrigerators, cryopreservation systems, ultra-low-temperature freezers,  flammable materials refrigerator, explosion-proof refrigerators, and chromatography refrigerators.

The research report categorizes the market into the following segments and subsegments:

Laboratory freezers Market, By Products

• Freezers
• Refrigerators
• Cryopreservation Systems

Laboratory Freezers Market, by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East Africa

Recent Developments:

•  Eppendorf AG (Germany)  redesigned and upgraded CryoCube F570 to be equipped with future-proof green cooling liquids, green insulation foam, and better performance.
• Helmer Scientific (US) launched the GX Solutions Laboratory Plasma Freezers for vaccines, medications, blood therapies, and sample storage using the Global Warming Potential (GWP) Technology In January 2021, UnitedHealth Group (US) launched virtual primary care for employees for wellness and routine and chronic condition management.
• B Medical Systems (Luxembourg) partnered with Dr. Reddy’s Laboratories (India) to provide cold chain solutions for the Sputnik V vaccine roll-out in India.
• BioLife Solutions, Inc. (US) acquired Stirling Ultracold (US), a private manufacturer of ultra-low-temperature freezers.
• Follett Products, LLC. (US) entered into a partnership with PHC Corporation of North America (US) to market and sell the PHCbi line of ultra-low-temperature freezers, pharmaceutical-grade refrigerators, and biomedical freezers to Follett’s healthcare customers.

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