Laboratory Freezers Market: New Growth Opportunities, 2026

 

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The global laboratory freezer market is driven by increasing technology, increasing geriatric population, infrastructure upgrades in research laboratories, and increasing medical tourism. However, the high cost of digitally mounted freezers is expected to limit the global laboratory freezer market.

 [291 Pages Report] The laboratory freezers market is projected to reach USD 5.7 billion by 2026 from USD 4.7 billion in 2022, at a CAGR of 4.9%.

 Download PDF Brochure @   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=196600540

Report Scope and Market Segmentation:

Report Metric

Details

Market Size Available for Years

2019–2026

Base Year Considered

2020

Forecast Period

2022–2026

Forecast Units

Value (USD Billion)

Segments Covered

Products, End Users

Geographies Covered

North America, Europe, APAC, Latin America and Middle East & Africa

Companies Covered

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).

 

The freezers segment holds the highest market share, by product, in the Laboratory Freezers market

Based on products, the laboratory freezers market is segmented into freezers, refrigerators, and cryopreservation systems. the freezers segment accounted for the largest share of the market.

The blood banks segment to grow at the highest CAGR, by end user, in the forecast period

Growth in this end-user segment is mainly driven by the increasing demand for whole blood and blood components as a result of the rising prevalence of blood disorders such as sickle-cell anemia, blood cancer, and hemophilia.

North America holds the largest share in the Laboratory Freezers market, by region, in the forecast period

The Laboratory Freezers market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa. North America accounted for the largest share in the Laboratory Freezers market. The large share of this regional segment can be attributed to the high healthcare expenditure in the US & Canada and the growing R&D spending on pharmaceuticals & biotechnology in this region.

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.

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