Ultra-Low Temperature Freezer Market Analysis

Source Secondary Research, Primary Research, MRFR Database, and Analyst Review

Ultra-Low Temperature Freezers Market Trends

• Growing the need for blood and blood product is driving the market growth

Market CAGR for ultra-low temperature freezers is driven by the growing demand for blood and blood products. Many of the body's most important processes require blood or blood components. Treating acute and chronic diseases caused by deficiencies or defects in plasma proteins or cellular blood components, including preventing complications like life-threatening hemorrhage and alleviating anemia-related symptoms, all rely on blood transfusions as a supportive therapy. The need for a blood transfusion might arise in either an urban or rural setting. As a result of inadequate procedures for storing and testing blood, millions of individuals are at risk of infection. The blood and blood components stored in the laboratory's freezers save lives because they are kept cold and protected from contamination. Market growth is partly fueled by increasing government initiatives to increase blood collection, efficient use, and individual awareness.

Additionally, greater investment in life sciences and life science is predicted to increase as more people use customized medicines, increasing demand for these freezers. A similar aspect that will boost investments in life science research is the rising need for medicines storage equipment at blood banks, academic & research facilities, and hospitals. Researchers in the field of life sciences would also benefit from the public's increasing awareness of opportunities to donate blood and organs. This element is therefore anticipated to contribute significantly to the expansion of the ultra-low temperature freezers market.

For instance, Pharmaceutical refrigerators with freezers (MPR-N250FH/N250FSH) and sliding-door pharmaceutical refrigerators (MPR-S500H/S500RH) were introduced by PHC Corporation. These inverter-compressor-equipped, natural-refrigerant-using machines were developed with the unique needs of laboratories and hospitals in mind. As a result, the demand for ultra-low temperature freezers is anticipated to increase throughout the projection period due to the rising blood demand. Thus, the driving factor is the ultra-low temperature freezers market revenue.

Ultra-Low Temperature Freezers Market Segment Insights

Ultra-Low Temperature Freezers Type Insights

The  market segments of ultra-low temperature freezers, based on type, includes upright and chest. In 2022, the upright segment led the market revenue for ultra-low temperature due to the reduced carbon footprint and the convenience of collecting samples from these locations. These freezers have minimal energy usage, low noise levels, and a smaller carbon footprint, in addition to their huge storage capacities.

Figure 1  Ultra-Low Temperature Freezers Market by Type, 2022 & 2032 (USD Billion)

Source Secondary Research, Primary Research, MRFR Database, and Analyst Review

Ultra-Low Temperature Freezers Degree of Cooling Insights

The  ultra-low temperature freezers market segmentation, based on the degree of cooling, includes -41°C to -86°C Freezers and -87°C to -150°C Freezers. The -41°C to -86°C segment is expected to develop at a CAGR of 4.20% over the projected period, making up the largest market share due to Biological samples, tissues, blood and blood products, plant tissues, proteins, and DNA are typically stored in freezers between -41°C and -86°C for extended periods laboratories.

Ultra-Low Temperature Freezers Application Insights

The  market segmentation of ultra-low temperature freezers, based on application, includes blood & blood products, biological samples, and drug compounds. The drug compounds segment is expected to grow fastest at a CAGR of 7.53% in the coming years due to increases in spending on research and development for novel treatments, including biological, peptides, and molecular entities are expected to propel the drug compounds market over the next years.

Latest Industry Developments in Ultra-Low Temperature Freezers Application Segment

Thermo Fisher Scientific (US) - June 2024: Thermo Fisher Scientific launched a new line of ULT freezers featuring advanced vacuum insulation panel (VIP) technology. This technology significantly improves energy efficiency and storage capacity while maintaining ultra-low temperatures. The new series also integrates smart monitoring systems for real-time temperature tracking and alerts, enhancing sample safety and compliance with regulatory standards.

Stirling Ultracold (Greece) - May 2024: Stirling Ultracold introduced an innovative ULT freezer that utilizes a Stirling engine cooling system. This new model is designed to offer unparalleled energy efficiency and reduced carbon footprint, aligning with global sustainability goals. The freezers are equipped with remote monitoring capabilities, allowing users to manage and monitor the units from anywhere, ensuring the integrity of stored biological samples and drug compounds.

Eppendorf AG (Germany) - April 2024: Eppendorf AG announced the development of a new ULT freezer model featuring adaptive temperature control technology. This advancement allows the freezer to adjust its cooling performance based on the load and ambient conditions, optimizing energy use and maintaining consistent temperatures. The model also includes user-friendly digital interfaces and enhanced data logging features for improved sample management and regulatory compliance.

Ultra-Low Temperature Freezers End-User Insights

The  ultra-low temperature freezers market segmentation, based on end-user, includes drug compounds, hospitals & clinics, and academic & research laboratories. The segment with the largest market share in hospitals & clinics is expected to grow fastest at a CAGR of 4.20% over the next several years. Because Ultra-low temperature freezers are increasingly used to keep blood cells, plasma, and other biological substances at very low temperatures, demand for these goods will be bolstered by increased emergencies and accidents.

Ultra-Low Temperature Freezers Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American ultra-low temperature freezers market will dominate because there are so many established businesses in the area. In addition, new and local players are projected to make substantial investments in the sector of ultra-low temperature freezers, leading to the acquisition of major investments in freezing equipment to meet the growing demand for the preservation of various products.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2  Ultra-Low Temperature Freezers Market Share By Region 2022 (USD Billion)

Source Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe’s ultra-low temperature freezers market accounts for the second-largest market share because there are so many hospitals and biobanks in the area. Further, the German market of ultra-low temperature freezers held the largest market share, and the UK market of ultra-low temperature freezers was the fastest-growing market in the European region.

The Asia-Pacific ultra-low temperature freezers market is expected to grow at the fastest CAGR from 2024 to 2032 due to the high volume of healthcare services and the consequent need for substantial archival and storage solutions. In addition, rising consumer demand for blood & blood products, and much research is being conducted on blood's subordinates. Moreover, China’s market of ultra-low temperature freezers held the largest market share, and the Indian market of ultra-low temperature freezers was the fastest-growing market in the Asia-Pacific region.

Ultra-Low Temperature Freezers Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the market of ultra-low temperature freezers grow even more. There are some strategies for action that market participants are implementing to increase their presence around the world's  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the ultra-low-temperature freezers industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer use in the  ultra-low temperature freezers industry to benefit clients and increase the market sector. In recent years, the ultra-low temperature freezers industry has offered some of the most significant technological advancements. Major players in the ultra-low temperature freezers market, including WR International LLC (US), Thermo Fisher Scientific (US), Eppendorf AG (Germany), Stirling Ultracold (Greece), PHC Corporation (US), Arctiko (UK), Helmer Scientific (US), BINDER GmbH (Germany), Labcold (UK), Esco Micro Pte Ltd (US), and others are attempting to increase market demand by investing in research and development operations.

Eppendorf is an industry-leading life sciences firm that designs, manufactures, and distributes laboratory equipment worldwide. Liquid Handling, Consumables, Separation & Instrumentation, and Bioprocess & Workflow Solutions are the four main categories into which the product catalog is broken down. Eppendorf also provides an extensive selection of consumables of the highest quality. Products manufactured by Eppendorf can be found in various industries, including the pharmaceutical, biotech, chemical, and food sectors. Clinical and environmental analysis labs employ forensics and manufacturing plants for process analysis, production, and quality control. Eppendorf was founded in 1945, has its headquarters in Hamburg, Germany, and currently employs over 5,000 people worldwide. The company has 33 international branches and is distributed in every major market worldwide. In April 2023, Eppendorf, a pioneer in the life sciences industry, released Centrifuge 5427 R, the company's first microcentrifuge with hydrocarbon cooling. Customers now have access to a natural cooling agent with a GWP of practically zero in a refrigerated device, allowing for a wider range of molecular and cell biology applications.

BioLife Solutions' Stirling Ultracold division creates and sells ULT freezers that maintain temperatures from -86 degrees Celsius to -20 degrees Celsius while using minimal energy. We are the industry standard in cell and gene therapy bioproduction services and serve the broader biopharma industry. By providing solutions that preserve the health and functionality of biological source material and finished products during manufacture, storage, and distribution, we aim to promote fundamental and applied research and develop and disseminate novel therapeutics. In October 2022, CSafe and BioLife Solutions, Inc., the largest provider of active and passive temperature-controlled shipping solutions for the pharmaceutical industry, will provide a combined  service network to support cell and gene therapy ("CGT") products, with a focus on improved reliability, security, and quality.

Key Companies in the market of Ultra-Low Temperature Freezers include

• WR International LLC (US)


• Thermo Fisher Scientific (US)


• Eppendorf AG (Germany)


• Stirling Ultracold (Greece)


• PHC Corporation (US)


• Arctiko (UK)


• Helmer Scientific (US)


• BINDER GmbH (Germany)


• Labcold (UK)


• Esco Micro Pte Ltd (US)

Ultra-Low Temperature Freezers Industry Developments

February 2023: PHC Corporation of North America, the distributor of the PHCbi brand of cell preservation and growth products in the North American and Latin American markets, has announced the release of the PHCbi brand VIP ECO® SMART ultra-low temperature freezer series. The latest range of ultra-low temperature freezers from PHCbi represents a continuation of the company's commitment to innovation and reliability in the field.

March 2023: BioLife Solutions, Inc. has officially announced the availability of Ultraguard, the first -70°C phase change material (“PCM”) created specifically for ultra-low temperature (ULT) protection that is non-toxic, non-hazardous, and non-flammable.

Ultra-Low Temperature Freezers Market Segmentation

Ultra-Low Temperature Freezers Type Outlook

• Upright


• Chest

Ultra-Low Temperature Freezers Degree of Cooling Outlook

• -41°C to -86°C Freezers


• -87°C to-150°C Freezers

Ultra-Low Temperature Freezers Application Outlook

• Blood & Blood Products


• Biological Samples


• Drug Compounds

Ultra-Low Temperature Freezers End-User Outlook

• Drug Compounds


• Hospitals & Clinics


• Academic & Research Laboratories

Ultra-Low Temperature Freezers Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America