Laboratory Freezers Global Market Opportunities and Strategies To 2030: COVID-19 Impact and Recovery provides the strategists, marketers and senior management with the critical information they need to assess the global laboratory freezers as it emerges from the COVID 19 shut down.
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Description:
Where is the largest and fastest growing market for laboratory freezers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The laboratory freezers market global report from the publisher answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider laboratory freezers market, and compares it with other markets.
The report covers the following chapters
- Executive Summary - The executive summary section of the report gives a brief overview and summary of the report.
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - The introduction section of the report gives brief introduction about segmentation by temperature, and segmentation by end-user.
- Market Characteristics - The market characteristics section of the report defines and explains the laboratory freezers market. This chapter also defines and describes goods and related services covered in the report.
- Trends and Strategies - This chapter describes the major trends shaping the global laboratory freezers market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
- Impact of COVID-19 - This section describes the impact of COVID-19 on the laboratory freezers market.
- Global Market Size and Growth - This section contains the global historic (2015-2020) and forecast (2020-2025), and (2025-2030) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis - This section contains the historic (2015-2020) and forecast (2020-2025), and (2025-2030) market values and growth and market share comparison by region.
- Segmentation - This section contains the market values (2015-2030) and analysis for different segments.
- Global Macro Comparison - The global laboratory freezers market comparison with macro-economic factors gives the laboratory freezers market size, percentage of GDP, and average laboratory freezers market expenditure.
- Regional Market Size and Growth - This section contains the region’s market size (2020), historic (2015-2020) and forecast (2020-2025), and (2025-2030) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region. The market overview sections of the report describe the current size of the market, background information, government initiatives, regulations, regulatory bodies, associations, corporate tax structure, investments, and major companies.
- Competitive Landscape - This section covers details on the competitive landscape of the global laboratory freezers market, estimated market shares and company profiles for the leading players.
- Key Mergers and Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Opportunities and Strategies - This section gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions and Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for laboratory freezers companies in terms of product offerings, geographic expansion, price offerings, and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
- By Temperature: -20°C to -40°C; -40°C to -80°C; Less than -80°C
- By End-Users: Bio-Banks & Blood Banks; Pharmaceutical and Biotechnology Companies; Hospitals, Pharmacies and Diagnostic Centers
Companies Mentioned:
Thermo Fisher Scientific Inc.; VWR International, LLC.; PHC Corporation; Eppendorf AG; Haier Biomedical
Countries:
Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions:
Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series:
Five years historic and ten years forecast.
Data:
Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, laboratory freezers indicators comparison.
Data segmentations:
Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing:
Data and analysis throughout the report is sourced using end notes.
Table of Contents
1. Laboratory Freezers Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure
6. Introduction
7. Laboratory Freezer Market Characteristics
8. Laboratory Freezers Market Trends and Strategies
9. COVID-19 Impact On The Laboratory Freezer Market
10. Global Laboratory Freezers Market Size and Growth
11. Laboratory Freezers Market, Regional and Country Analysis
12. Asia-Pacific Laboratory Freezers Market
13. Western Europe Laboratory Freezers Market
14. Eastern Europe Laboratory Freezers Market
15. North America Laboratory Freezers Market
16. South America Laboratory Freezers Market
17. Middle East Laboratory Freezers Market
18. Africa Laboratory Freezers Market
19. Global Laboratory Freezers Market Competitive Landscape
20. Key Mergers and Acquisitions In The Laboratory Freezers Market
21. Laboratory Freezers Market Opportunities and Strategies
22. Laboratory Freezers Market, Conclusions and Recommendations
23. Appendix
Executive Summary
The laboratory freezers market consists of revenues generated by the companies that are engaged in selling and manufacturing of laboratory freezers products and related services which are used to store blood samples, medicines and injections, and others for a long period of time.The global laboratory freezers market reached a value of nearly $ 3,664.2 million in 2020, having increased at a compound annual growth rate (CAGR) of 6.9% since 2015. The market is expected to grow from $3,664.2 billion in 2020 to $5,914.8 million in 2025 at a rate of 10.1 %. The growth is mainly due to the increasing demand for blood & blood components which is expected to drive the demand for laboratory freezers. The market is expected to grow from $5,914.8 billion in 2025 to $7,511.8 million in 2030 at a CAGR of 4.9%.
Growth in the historic period resulted from increase in number of organ transplants, increasing government initiatives, growth in the number of healthcare facilities and rise in healthcare expenditure. This growth was restricted by the concerns high cost of laboratory freezers, and low healthcare reimbursements in this market.
Going forward, increasing demand for blood & blood components, rapid technological advances, continued covid-19 vaccine roll out are expected to drive the market. Counterfeit products and challenges due to regulatory changes are the major factors that could hinder the growth of laboratory freezers market in the future.
The laboratory freezers market is segmented by temperature into -20°C to -40°C, -40°C to -80°C, and less than -80°C. The minus 20 degrees celsius to minus 40 degrees celsius was the largest segment of the laboratory freezer market by temperature, accounting for 40.5% of the total market in 2020. Going forward, less than -80°C is expected to be the fastest growing segment in the laboratory freezer market, at a CAGR of 10.5%.
The laboratory freezers market is also segmented by end-users into bio-banks & blood banks; pharmaceutical and biotechnology companies; hospitals, pharmacies and diagnostic centers; and others. The hospitals, pharmacies and diagnostic centers market was the largest segment of the laboratory freezers market segmented by platform, accounting for 52.8% of the total in 2020. Going forward, the pharmaceutical and biotechnology companies segment is also expected to be the fastest growing segment in the laboratory freezer market, at a CAGR of 12.0% during 2020-2025.
North America was the largest region in the laboratory freezers market, accounting for 35.5% of the total in 2020. It was followed by the Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the laboratory freezers market will be Africa and Eastern Europe, where growth will be at CAGRs of 12.2% and 12.1% respectively. These will be followed by Middle East and North America, where the markets are expected to register CAGRs of 11.9% and 10.3% respectively.
The laboratory freezers market is fragmented, with a large number of small players in the market. The top ten competitors in the market made up to 37.99% of the total market in 2020. Major players in the market include The Thermo Fisher Scientific, Inc., VWR International, LLC, PHC Corporation, Eppendorf AG, and Haier Biomedical.
The top opportunities in the laboratory freezers market segmented by end users will arise in the bio-banks & blood banks segment, which will gain $347.0 million of global annual sales by 2025. The top opportunities in the laboratory freezers market segmented by temperature will arise in the -20°C to -40°C segment, which will gain $ 898.5 million of global annual sales by 2025. The laboratory freezers market size will gain the most in the USA at $ 776.8 million.
Market-trend-based strategies for the laboratory freezers market include increase in energy efficient laboratory freezers, laboratory freezers with connected service features, IoT in laboratory freezers, and use of portable laboratory freezers. Player-adopted strategies in the laboratory freezers market includes expanding footprint and enhance customer experience, expanding product portfolio by launching new products into the market, re-designing its products for more sustainability, strengthening presence by providing laboratory freezers for research and development.
To take advantage of these opportunities, the publisher recommends the laboratory freezers companies to focus on expanding product portfolios through partnership, IOT-based laboratory freezers, portable laboratory freezers, establish operations in emerging markets, set up authorized distributors and sales representatives, leverage e-commerce to maximize reach and revenues, provide competitively priced offerings in low-income countries, offer value-based pricing, collaborate with vaccine manufactures and logistics companies, participate in trade shows and events, increase visibility through business websites and listing websites, preferred supplier status with local governments, focus on post purchase services among other strategies.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Thermo Fisher Scientific, Inc.
- VWR International, LLC.
- PHC Corporation
- Eppendorf AG
- Haier Biomedical
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 248 |
| Published | September 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 3664.2 Million |
| Forecasted Market Value ( USD | $ 7511.8 Million |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
