Laboratory Freezers Market - Trends Forecast Till 2028

Laboratory Freezers Market by Product (Cryopreservation, Plasma Freezer, Explosionproof Freezer, Enzyme Freezer, Ultra-Low Freezer, Blood Bank Refrigerator, Pharmacy Refrigerator, Chromatography Refrigerator), End User (Hospitals) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-HC-LFM-1065


Number of Pages: 352

Domain: Healthcare

Laboratory Freezers Market – Trends Forecast Till 2028

The global Laboratory Freezers Market size is projected to reach a CAGR of 5.9% from 2021-2028.

A laboratory freezer is precisely designed piece of laboratory equipment that has a thermally insulated compartment and a heat pump mainly mechanical, electronic, or chemical, which transmits heat from the inside of the device to its external environment so that the inside of the freezer is cooled to a temperature below the freezing point of water at a minimum or much below it, dependent on the substance being frozen.

Increasing demand for blood, blood components for transfusion and for support in cancer therapy and technological advancements in lab freezers are some of the factors that have supported long-term expansion for Laboratory Freezers Market.

The laboratory freezers market has shown a significant rise in demand in 2020 and 2021 due to the utility of these products for appropriate temperature-controlled storage of COVID-19 vaccines.

Laboratory Freezers Market Growth Forecast

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

Laboratory Freezers Market is segmented into products, end user and region.

On the basis of Products

  • Freezers
  • Refrigerators
  • Cryopreservation systems                   

On the basis of End-User

  • Pharmaceuticals and biotechnology companies
  • Blood bank
  • Pharmacies
  • Academic and research institute
  • Hospitals
  • Medical laboratories 

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Laboratory Freezers Market Primary Respondent


Key Players

  • Thermo Fisher Scientific
  • Philipp Kirsch GmbH
  • Haier Biomedical
  • PHC Corporation
  • Cole-Parmer India Pvt. Ltd.
  • Stericox Sterilizer Systems India
  • Cryo Scientific Systems Pvt Limited
  • ACMAS Technologies (P) Ltd
  • Cool Wind Scientific Systems
  • Nordic Lab.

Recent Developments

  • In March 2021, Eppendorf AG (Germany) redesigned and upgraded CryoCube F570 to be equipped with future-proof green cooling liquids, green insulation foam, and better performance.
  •  In March 2021, Helmer Scientific (US) launched the GX Solutions Laboratory & Plasma Freezers for vaccines, medications, blood therapies, and sample storage using the Global Warming Potential (GWP) Technology In January 2021, UnitedHealth Group (US) launched virtual primary care for employees for wellness and routine and chronic condition management.

Reasons to Acquire

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  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope


Report Feature


Growth Rate

CAGR of 5.9% during the forecasting period, 2021-2028

Historical Data


Forecast Years


Base Year


Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

products, end user and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Thermo Fisher Scientific, Philipp Kirsch GmbH, Haier Biomedical, PHC Corporation, Cole-Parmer India Pvt. Ltd., Stericox Sterilizer Systems India, Cryo Scientific Systems Pvt Limited, ACMAS Technologies (P) Ltd, Cool Wind Scientific Systems, and Nordic Lab.

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