Global Ultra-Low Temperature Freezers Market Size, Trends & Growth Opportunity, By Type (Upright ULT Freezers, and Chest ULT Freezers), By Application (Bio-Banks, Hospital, Academic & Research Institutes, and Others), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Ultra-Low Temperature Freezers Market
Global Ultra-Low Temperature Freezers Market was valued at USD 465.9 million in 2021 and is expected to reach USD 639.5 million by 2027, at a CAGR 4.32% from 2022-2027.
An ultra-low temperature freezer is a refrigerator which stores contents at between −40 to −86 °C (−40 to −123 °F). An ultra-low temperature freezer is commonly referred to as a "minus 80 freezer" or a "negative 80 freezer", referring to the most common temperature standard.
They are bio coolers which are utilized to preserve bacteria, viruses, enzymes, drugs, cell preparations, chemicals, tissue samples, and others. These freezers are widely used by pharmaceutical companies for clinical testing processes.
Market Drivers
Increasing incidences of infectious diseases, cancer and other chronic diseases coupled with rising adoption of personalized medicines has accelerated the new drug development process thereby stimulating the demand for ultra-low temperature freezers market growth. Development of a new drug is a lengthy process that involves numerous clinical trials & Studies. Ultra- low temperature freezers play an important role in protecting & storage of drugs. 
Furthermore, increasing adoption of these freezers in the drug discovery process shall have a positive impact on market growth. Growing genomics research activities will fuel the market growth in near future.
Genomic research projects like the Human Genome Project, have facilitated the development of new sequencing technologies like next generation sequencing. This will raise the demand for technologically advanced ultra-low freezers which is expected to drive the market growth in 2027.
Market Restraints
However, high cost and regularity issues related with ultra-low temperature freezers may obstruct the global low temperature freezers market growth during forecast period. 
Market Segmentation
The Global Ultra-Low Temperature Freezers Market is segmented into types such as Upright ULT Freezers, and Chest ULT Freezers. 
Further, market is segmented into applications such as Bio-Banks, Hospital, Academic & Research Institutes, and Others. 
Regional Analysis
The Global Ultra-Low Temperature Freezers Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to hold a significant market share in the global ultra-low temperature freezers market due to the presence of pharmaceutical, several biobanks, and biotechnology companies within the region. The region is projected to hold a substantial share of the global ultra-low temperature freezers market, and the trend is projected to continue during the forecast period 2027.
Market Key Players
Various key players are discussed in the Global Ultra-Low Temperature Freezers Market Report including: Thermo Fisher Scientific, Inc, Haier Biomedical, Eppendorf AG, Helmer Scientific, Arctiko A/S, Global Cooling, Inc., Bionics Scientific Technologies (P) Ltd., Labcold Ltd., Abzil Telstar S.L, Panasonic Biomedical, and Others.
For instance, in March 2022, B Medical Systems received World Health Organization prequalification from the WHO for Ultra-low Freezers for the company’s U201 Ultra-low freezer.
Market Taxonomy
By Type
•        Upright ULT Freezers
•        Chest ULT Freezers
By Application
•        Bio-Banks
•        Hospital
•        Academic & Research Institutes
•        Others
By Region 
•        North America
•        Latin America
•        Europe
•        Asia Pacific
•        Middle East & Africa

Global Ultra-Low Temperature Freezers Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Ultra-Low Temperature Freezers Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Ultra-Low Temperature Freezers Market, By Type
5.1 Y-o-Y Growth Comparison, By Type 
5.2 Global Ultra-Low Temperature Freezers Market Share Analysis, By Type 
5.3 Global Ultra-Low Temperature Freezers Market Size and Forecast, By Type
5.3.1 Upright ULT Freezers
5.3.2 Chest ULT Freezers
6 Global Ultra-Low Temperature Freezers Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Ultra-Low Temperature Freezers Market Share Analysis, By Application
6.3 Global Ultra-Low Temperature Freezers Market Size and Forecast, By Application
6.3.1 Bio-Banks
6.3.2 Hospitals
6.3.3 Academic & Research Institutes
6.3.4 Others
7 Global Ultra-Low Temperature Freezers Market, By Region
7.1 Global Ultra-Low Temperature Freezers Market Share Analysis, By Region
7.2 Global Ultra-Low Temperature Freezers Market Share Analysis, By Region
7.3 Global Ultra-Low Temperature Freezers Market Size and Forecast, By Region
8 North America Ultra-Low Temperature Freezers Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Ultra-Low Temperature Freezers Market Share Analysis, By Type
8.3 North America Ultra-Low Temperature Freezers Market Size and Forecast, By Application
8.4 North America Ultra-Low Temperature Freezers Market Size and Forecast, By Country
8.4.1 U. S
8.4.2 Canada
8.4.3 Mexico
9 Europe Ultra-Low Temperature Freezers Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Ultra-Low Temperature Freezers Market Share Analysis, By Type 
9.3 Europe Ultra-Low Temperature Freezers Market Size and Forecast, By Application 
9.4 Europe Ultra-Low Temperature Freezers Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Ultra-Low Temperature Freezers Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Ultra-Low Temperature Freezers Market Share Analysis, By Type 
10.3 Asia Pacific Ultra-Low Temperature Freezers Market Size and Forecast, By Application 
10.4 Asia Pacific Ultra-Low Temperature Freezers Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia Pacific
11 Latin America Ultra-Low Temperature Freezers Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Ultra-Low Temperature Freezers Market Share Analysis, By Type 
11.3 Latin America Ultra-Low Temperature Freezers Market Size and Forecast, By Application 
11.4 Latin America Ultra-Low Temperature Freezers Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2 Rest of Latin America
12 Middle East Ultra-Low Temperature Freezers Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Ultra-Low Temperature Freezers Market Share Analysis, By Type 
12.3 Middle East Ultra-Low Temperature Freezers Market Size and Forecast, By Application 
12.4 Middle East Ultra-Low Temperature Freezers Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3 Egypt
12.4.4 Kuwait
12.4.5 South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Thermo Fisher Scientific
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Haier Biomedical
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Eppendorf AG
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Helmer Scientific
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Arctiko A/S
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Global Cooling, Inc
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Bionics Scientific Technologies (P) Ltd
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Labcold Ltd
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Panasonic Biomedical
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Abzil Telstar S.L 
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies