Ultra-low Temperature Freezers Market trends research and projections for 2017-2024

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

• 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.

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Continued...

• 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.

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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 _at_ https//goo.gl/cy9Gz
e Request for a Sample of this Research Report
_at_ https//www.gminsights.com/request-sample/detail
/2403
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360 Analysis

• 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.

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