Global ULT Freezer
Market Report
2025
The global ULT Freezer market size will be USD 654.2 million in 2024. Rising incidences of cancer, infectious diseases, and other chronic ailments have accelerated global drug development initiatives and are expected to boost sales to USD 920.5 million by 2031, with a Compound Annual Growth Rate (CAGR) of 5.00% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global ULT Freezer market size will be USD 654.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global ULT Freezer Market Sales Revenue | $ 654.2 Million | 121212 | 121212 | 121212 | 5% |
North America ULT Freezer Market Sales Revenue | $ 261.8 Million | 121212 | 121212 | 121212 | 3.2% |
Canada ULT Freezer Market Sales Revenue | $ 31.4 Million | 121212 | 121212 | 121212 | 4% |
United States ULT Freezer Market Sales Revenue | $ 206.47 Million | 121212 | 121212 | 121212 | 3% |
Mexico ULT Freezer Market Sales Revenue | $ 23.81 Million | 121212 | 121212 | 121212 | 3.7% |
Europe ULT Freezer Market Sales Revenue | $ 196.2 Million | 121212 | 121212 | 121212 | 3.5% |
France ULT Freezer Market Sales Revenue | $ 18.06 Million | 121212 | 121212 | 121212 | 2.7% |
Spain ULT Freezer Market Sales Revenue | $ 16.09 Million | 121212 | 121212 | 121212 | 2.6% |
United Kingdom ULT Freezer Market Sales Revenue | $ 32.97 Million | 121212 | 121212 | 121212 | 4.3% |
Russia ULT Freezer Market Sales Revenue | $ 30.42 Million | 121212 | 121212 | 121212 | 2.5% |
Italy ULT Freezer Market Sales Revenue | $ 16.88 Million | 121212 | 121212 | 121212 | 2.9% |
Germany ULT Freezer Market Sales Revenue | $ 38.86 Million | 121212 | 121212 | 121212 | 3.7% |
Rest of Europe ULT Freezer Market Sales Revenue | $ 30.42 Million | 121212 | 121212 | 121212 | 2.2% |
Asia Pacific ULT Freezer Market Sales Revenue | $ 150.4 Million | 121212 | 121212 | 121212 | 7% |
China ULT Freezer Market Sales Revenue | $ 67.71 Million | 121212 | 121212 | 121212 | 6.5% |
Australia ULT Freezer Market Sales Revenue | $ 7.82 Million | 121212 | 121212 | 121212 | 6.7% |
India ULT Freezer Market Sales Revenue | $ 18.06 Million | 121212 | 121212 | 121212 | 8.8% |
Korea ULT Freezer Market Sales Revenue | $ 15.05 Million | 121212 | 121212 | 121212 | 6.1% |
Japan ULT Freezer Market Sales Revenue | $ 20.76 Million | 121212 | 121212 | 121212 | 5.5% |
Rest of APAC ULT Freezer Market Sales Revenue | $ 10.68 Million | 121212 | 121212 | 121212 | 6.8% |
South America ULT Freezer Market Sales Revenue | $ 32.7 Million | 121212 | 121212 | 121212 | 4.4% |
Brazil ULT Freezer Market Sales Revenue | $ 14 Million | 121212 | 121212 | 121212 | 5% |
Chile ULT Freezer Market Sales Revenue | $ 2.36 Million | 121212 | 121212 | 121212 | 4.7% |
Peru ULT Freezer Market Sales Revenue | $ 2.68 Million | 121212 | 121212 | 121212 | 4.6% |
Colombia ULT Freezer Market Sales Revenue | $ 2.91 Million | 121212 | 121212 | 121212 | 4.2% |
Argentina ULT Freezer Market Sales Revenue | $ 5.5 Million | 121212 | 121212 | 121212 | 5.3% |
Rest of South America ULT Freezer Market Sales Revenue | $ 5.27 Million | 121212 | 121212 | 121212 | 3.5% |
Middle East ULT Freezer Market Sales Revenue | $ 13 Million | 121212 | 121212 | 121212 | 4.7% |
Egypt ULT Freezer Market Sales Revenue | $ 1.37 Million | 121212 | 121212 | 121212 | 5% |
Turkey ULT Freezer Market Sales Revenue | $ 1.13 Million | 121212 | 121212 | 121212 | 4.2% |
Rest of MEA ULT Freezer Market Sales Revenue | $ 1.54 Million | 121212 | 121212 | 121212 | 3.7% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Market Split by Application Outlook: |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Trends:
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ULT Freezer Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Ultra-low freezers, commonly known as ULT freezers, are a specialized segment within the refrigeration industry. These advanced devices are engineered for the preservation of biological and pharmaceutical samples at extremely low temperatures. Essential for scientific and medical research, ULT freezers also serve critical roles in industries such as biotechnology and pharmaceuticals. They are primarily used by research institutions, laboratories, hospitals, and pharmaceutical companies to store valuable biological materials, including DNA, RNA, proteins, vaccines, and other temperature-sensitive samples over the long term. As life sciences research gains prominence and the demand for reliable cold storage solutions increases, the ULT freezer market has experienced significant growth. Manufacturers are continuously innovating to enhance energy efficiency, temperature stability, and storage capacity. The ULT freezer market involves the production, distribution, and use of these freezers, which maintain temperatures typically ranging from -40°C to -80°C. This specialized equipment is vital for preserving sensitive biological samples, vaccines, chemicals, and other materials that require precise temperature control to retain their efficacy and integrity.
The rising demand for biopharmaceuticals and vaccines can be attributed to several interconnected factors. Advances in biotechnology and genomics have significantly transformed the pharmaceutical industry. Between December 2016 and November 2021, companies announced 223 greenfield foreign direct investment projects in the pharmaceuticals sector, with an estimated capital expenditure of $10 billion, supporting approximately 23,234 jobs, according to fDi Markets. Techniques like CRISPR-Cas9 have revolutionized gene editing, enabling the development of highly targeted treatments and vaccines. Additionally, increasing global health concerns, such as the COVID-19 pandemic, have underscored the necessity of vaccines for controlling infectious diseases. The emergence of antibiotic-resistant bacteria further highlights the importance of continuous research and development in biopharmaceuticals and vaccines. The rapid spread of the novel coronavirus SARS-CoV-2 in late 2019, which caused the severe respiratory illness known as COVID-19, emphasized the urgent need for vaccines and treatments. Furthermore, the surge in biopharmaceutical research and development, including gene therapies and monoclonal antibodies, has driven the demand for ultra-low freezers. These cutting-edge therapies often involve sensitive biological materials that must be stored at ultra-low temperatures to maintain their efficacy.
The rising R&D activities in the life sciences represent a thriving and multifaceted domain at the intersection of biology, medicine, technology, and sustainability. This surge in R&D can be attributed to several interconnected factors. Notably, R&D expenditures in two subfields—health sciences ($31.9 billion total, $2.0 billion increase) and biological and biomedical sciences ($18.2 billion total, $1.6 billion increase)—accounted for 45% of the total university R&D growth in FY 2022. Firstly, rapid technological advancements, such as genomics, CRISPR-Cas9 gene editing, and high-throughput screening, have revolutionized how scientists study and manipulate biological systems, fostering a fertile ground for innovation and discovery. These tools enable researchers to decode genomes, identify disease markers, and develop novel therapies with unprecedented precision.
Temperature validation and calibration for ultra-low freezers are essential processes in industries such as healthcare, research, and pharmaceuticals. These freezers store sensitive and valuable materials, including vaccines, biological samples, and chemicals, at extremely low temperatures (typically between -40°C to -80°C). Accurate and consistent temperature control is crucial to maintain the integrity and viability of these stored materials. However, calibration and validation can be time-consuming and costly for users, often requiring freezers to be taken offline temporarily. This can disrupt operations and necessitate additional resources for backup storage and staff training. These challenges can influence market dynamics by affecting the cost of ultra-low freezers and complicating their adoption, especially for smaller organizations or those with limited budgets.
The pandemic has led to a surge in demand for ULT freezers due to the need for storing COVID-19 vaccines, particularly mRNA vaccines, which require storage at ultra-low temperatures. This has driven a substantial increase in demand from pharmaceutical companies and vaccine distribution centers. The acceleration of research into COVID-19 treatments and vaccines has boosted the demand for ULT freezers in research laboratories and biopharmaceutical companies, as these facilities require reliable storage solutions for sensitive biological materials. The pandemic has caused disruptions in the global supply chain, affecting the production and delivery of ULT freezers. Lockdowns, workforce shortages, and logistical challenges have led to delays and increased lead times for acquiring these critical storage units.
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The competitive landscape of the ULT Freezer market is characterized by a range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established manufacturers, specialized ULT Freezer companies, and emerging start-ups aiming to disrupt the market with innovative solutions.
Top Companies Market Share in ULT Freezer Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024. The pharmaceutical industry in North America is experiencing significant growth, particularly in drug development, clinical trials, and manufacturing. In 2021, North America accounted for 49.1% of global pharmaceutical sales, in contrast to Europe’s 23.4%. According to IQVIA (MIDAS, May 2022), 64.4% of new medicines launched between 2016 and 2021 were sold in the U.S. market, compared to 16.8% in Europe's top five markets. In 2019, the industry invested an impressive $83 billion in R&D expenditures. ULT freezers play a crucial role in this sector by providing optimal storage conditions for raw materials, intermediate products, and finished pharmaceuticals.
There is a noticeable trend towards preventive healthcare and dietary supplements in the Asia Pacific region. The COVID-19 pandemic has significantly increased the demand for ULT freezers to store vaccines. Asia Pacific countries have been heavily involved in vaccine production and distribution, creating a need for robust storage solutions. Large-scale vaccination programs across the region depend on reliable ultra-low temperature storage to ensure vaccine efficacy. In India, over 220 crore COVID-19 vaccine doses have been administered nationwide. About 97% of eligible individuals have received at least one dose, and around 90% have received both doses. Vaccinations for the 12-14 age group began on March 16, 2022, followed by the precautionary dose for the 18-59 age group starting on April 10, 2022. Additionally, 22.4 crore precautionary doses have been administered.
The current report Scope analyzes ULT Freezer Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global ULT Freezer market size was estimated at USD 654.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 261.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
According to Cognitive Market Research, the global ULT Freezer market size was estimated at USD 654.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 150.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
According to Cognitive Market Research, the global ULT Freezer market size was estimated at USD 654.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 32.7 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. .
According to Cognitive Market Research, the global ULT Freezer market size was estimated at USD 654.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 13.0 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031..
Global ULT Freezer Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing ULT Freezer Industry growth. ULT Freezer market has been segmented with the help of its Type Outlook:, Application Outlook: , and others. ULT Freezer market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global ULT Freezer Market?
According to Cognitive Market Research, Upright Ultra-low Temperature Freezers stand out as the dominant category over the projected period. Upright ULT freezers are designed to maximize vertical space, making them ideal for laboratories and facilities with limited floor space. Their upright design allows for efficient use of space without compromising storage capacity. These freezers typically offer more shelves and compartments, enabling better organization and higher storage density compared to chest freezers. This feature is particularly beneficial for facilities needing to store a large number of samples in a compact space.
Chest Ultra-low Temperature Freezers emerge as the fastest-growing category in the ULT Freezer market. Chest ULT freezers are known for their excellent thermal insulation properties. The horizontal design minimizes the loss of cold air when the door is opened, maintaining a more stable internal temperature. This is crucial for preserving the integrity of sensitive samples over long periods. The horizontal layout allows for the even distribution of cold air, reducing temperature fluctuations within the freezer. This uniformity is vital for storing temperature-sensitive biological and pharmaceutical materials..
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According to Cognitive Market Research, the dominant category is Blood & Blood Products. The demand for blood transfusions has been steadily rising due to the growing number of surgical procedures, trauma cases, and chronic disease treatments that require blood and its components. An aging global population increases the incidence of conditions like anemia, cancer, and surgeries that necessitate blood transfusions, thereby boosting the demand for blood products.
The fastest-growing category in the ULT Freezer market is Biological samples. Advances in genomics and genetics, such as whole genome sequencing and gene editing technologies (e.g., CRISPR-Cas9), have led to an increased need for the storage of biological samples, including DNA, RNA, and cells. ULT freezers provide the necessary low temperatures to preserve these sensitive materials for research and analysis. The establishment and expansion of biobanks, which store a vast array of biological samples for research purposes, drive the demand for ULT freezers. These facilities require reliable storage solutions to maintain sample integrity over long periods.
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Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global ULT Freezer Market is witnessing significant growth in the near future.
In 2023, the Upright Ultra-low Temperature Freezers segment accounted for noticeable share of global ULT Freezer Market and is projected to experience significant growth in the near future.
The Blood & Blood Products segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Bionics Scientific Technologies (P) Ltd , Haier Biomedical and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type Outlook: | Upright Ultra-low Temperature Freezers, Floorstanding, Benchtop/Undercounter, Chest Ultra-low Temperature Freezers |
Application Outlook: | Blood & Blood Products, Flammable Materials, Biological samples, Drug Compounds, Others |
List of Competitors | Bionics Scientific Technologies (P) Ltd, Glen Dimplex, Haier Biomedical, Thermo Fisher Scientific, Arctiko A/SEppendorf AG, BINDER GmbH, Azbil Corporation, Panasonic Healthcare Corporation, BioLife Solutions Inc, PHC Corporation, LABCOLD, Remi Group, Helmer Scientific Inc. |
This chapter will help you gain GLOBAL Market Analysis of ULT Freezer. Further deep in this chapter, you will be able to review Global ULT Freezer Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of ULT Freezer. Further deep in this chapter, you will be able to review North America ULT Freezer Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of ULT Freezer. Further deep in this chapter, you will be able to review Europe ULT Freezer Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of ULT Freezer. Further deep in this chapter, you will be able to review Asia Pacific ULT Freezer Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of ULT Freezer. Further deep in this chapter, you will be able to review South America ULT Freezer Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of ULT Freezer. Further deep in this chapter, you will be able to review Middle East ULT Freezer Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of ULT Freezer. Further deep in this chapter, you will be able to review Middle East ULT Freezer Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of ULT Freezer. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Outlook: Analysis 2019 -2031, will provide market size split by Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Outlook: Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global ULT Freezer market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Upright Ultra-low Temperature Freezers have a significant impact on ULT Freezer market? |
What are the key factors affecting the Upright Ultra-low Temperature Freezers and Floorstanding of ULT Freezer Market? |
What is the CAGR/Growth Rate of Blood & Blood Products during the forecast period? |
By type, which segment accounted for largest share of the global ULT Freezer Market? |
Which region is expected to dominate the global ULT Freezer Market within the forecast period? |
Segmentation Level Customization |
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Additional Qualitative Data |
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