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.

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Fuel Cell Market size worth $25.5bn by 2024
Ultra-low Temperature Freezers Market to surpass $210Mn
By 2024: Global Market Insights Inc.

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 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.
Key Insights from Ultra-low Temperature Freezers Market:

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 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.
Continued...

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

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Browse Full Market Research Report On Ultra-low Temperature
Freezers Market @ https://goo.gl/cy9Gze
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https://www.gminsights.com/request-sample/detail/2403

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 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.
360° Analysis

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