Ultra-low Temperature Freezers Market trends research and projections for 2017-2024 - PowerPoint PPT Presentation

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Ultra-low Temperature Freezers Market trends research and projections for 2017-2024

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Ultra-low Temperature Freezers Market size was valued around USD 150 million in 2016 and is anticipated to witness growth of over 4.5% CAGR from 2017 to 2024. – PowerPoint PPT presentation

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Title: Ultra-low Temperature Freezers Market trends research and projections for 2017-2024


1
Ultra-low Temperature Freezers Market to surpass
210Mn By 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Ultra-low Temperature Freezers
Market
  • Ultra-low Temperature Freezers Market size is set
    to exceed USD 210 million by 2024 according to a
    new research report by Global Market Insights.
  • Increasing investment made by public as well as
    private players to accelerate drug discovery and
    development activities along with rising
    prevalence of infectious diseases and cancer
    stimulating demand for advanced treatment will
    drive ultra-low temperature (ULT) freezers market
    over the forecast timeframe.
  • Presence of organizations such as Bill and
    Melinda Gates Foundation, funding for developing
    effective treatment solutions for widespread
    diseases such as Malaria and tuberculosis will
    positively impact market growth as ULT freezers
    are used for storage of biological samples and
    high value pharmaceuticals, and medicines.

3
Continued...
  • Technological advancements in ULT freezers
    including development of portable freezers,
    reduced energy consumption, natural refrigerant
    and provision of temperature uniformity will
    drive business growth. Growing demand for
    personalized medicines and rising investment
    towards development of orphan drugs will
    positively impact growth. Numerous initiatives
    undertaken by private players as well as
    government organization including U.S. Department
    of Energy (DOE) to increase adoption of ULT
    freezers in biobanks, hospitals, pharmacies and
    laboratories will fuel market growth.
  • Stringent regulations imposed by U.S. FDA and
    European Commission on medical devices coupled
    with high cost associated with ultra-low
    temperature freezers will hinder growth of
    ultra-low temperature freezers market over the
    forecast timeframe.

4
China Ultra-Low Temperature Freezers Market, By
Type, 2013 - 2024 (USD Million)

5

Browse Full Market Research Report On Ultra-low
Temperature Freezers Market _at_ https//goo.gl/cy9Gz
e Request for a Sample of this Research Report
_at_ https//www.gminsights.com/request-sample/detail
/2403
6
360 Analysis
  • Application Trends
  • Blood and blood products segment accounted for
    largest market share in 2016. Growing adoption of
    ultra-low temperature freezers for storing white
    blood cells, red blood cells, and plasma products
    will drive market growth. Growing awareness about
    blood donation through campaigns and other
    initiatives undertaken by private and public
    players will drive industry growth.
  • Regional Trends
  • U.S. dominated North America ultra-low
    temperature freezers market in 2016 due to high
    adoption of ultra-low temperature freezers in
    laboratories and rising investment by private and
    public organizations towards new drug development
    and other research activities. Numerous efforts
    undertaken by U.S. Environmental Protection
    Agency (EPA's) and U.S. Department of Energy
    (DOE) to augment adoption of ULT freezers will
    drive market growth over the forecast timeframe.
  • Competitive Market Share
  • Few players of global ultra-low temperature
    freezers market are Eppendorf AG, Helmer
    Scientific, Haier, Panasonic Healthcare, Thermo
    Fisher Scientific and Binder. Industry players
    are adopting inorganic growth strategies such as
    acquisition, partnerships and strategic
    collaboration to broaden their existing business
    portfolio as well as sustain market position.


7
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