Global Laboratory Freezers Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product;
Freezers [Enzyme Freezers, Plasma Freezers, Explosion-Proof Freezers, Flammable Material Freezers, Laboratory Freezers, and Ultra-Low-Temperature Freezers], Refrigerators [Blood Bank Refrigerators, Chromatography Refrigerators, Explosion-Proof Refrigerators, Flammable Material Refrigerators, Laboratory Refrigerators, Pharmacy Refrigerators, and Cryopreservation Systems]By End User;
Blood Banks , Pharmaceutical & Biotechnology Companies, Academic & Research Institutes , Medical Laboratories , Hospitals, and PharmaciesBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Laboratory Freezers Market Overview
Laboratory Freezers Market (USD Million)
Laboratory Freezers Market was valued at USD 4,517.79 million in the year 2024. The size of this market is expected to increase to USD 5,857.63 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.8%.
Global Laboratory Freezers Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 3.8 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 3.8 % |
Market Size (2024) | USD 4,517.79 Million |
Market Size (2031) | USD 5,857.63 Million |
Market Concentration | High |
Report Pages | 371 |
Major Players
- Eppendorf AG
- Haier Biomedical
- Helmer Scientific
- Thermo Fisher Scientific, Inc.
- VWR Corporation
- Arctiko A/S
- Biomedical Solutions Inc.
- Evermed S.R.L.
- Philipp Kirsch GmbH
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Laboratory Freezers Market
Fragmented - Highly competitive market without dominant players
The Laboratory Freezers Market is witnessing considerable growth due to increasing demand for sample storage in research and clinical settings. The surge in R&D activities and the expansion of biotechnology and pharmaceutical industries are driving adoption. The market has grown by over 19% due to rising demand for high-capacity cold storage in laboratories. The shift toward personalized medicine and cell-based research also contributes to sustained momentum.
Technological Advancements
Continuous technological upgrades in laboratory freezers, such as digital temperature monitoring and energy-efficient systems, are significantly boosting adoption. Innovations have improved unit reliability, reducing sample loss risk by nearly 23%. Advanced models with smart connectivity features are further accelerating uptake across academic and commercial laboratories.
Regulatory Influence and Standards
Stringent regulatory requirements for the storage of biological samples are shaping the market landscape. Compliance-driven demand has led to a 21% rise in certified ultra-low temperature freezers. Laboratories are increasingly prioritizing equipment that meets specific biosafety and environmental standards, enhancing product differentiation.
Emerging Trends and Growth Drivers
The rising trend of automation and smart lab infrastructure is stimulating freezer upgrades. Remote monitoring and integrated alarm systems are now essential, contributing to a 17% increase in smart freezer installations. Simultaneously, increasing funding for life sciences and research infrastructure is further enhancing market penetration.
Laboratory Freezers Market Recent Developments
- 2018, Agilent opened a new logistics hub in Shanghai to enable faster delivery of parts, supplies, and consumables to laboratories in China.
- 2018, Thermo Fisher Scientific announced the opening of multiple Global Customer Solution Centers. These centers aim to meet the demands of scientists in food, beverage, pharmaceutical, and biotech laboratories by developing critical workflows and integrated solutions.
- 2017, Agilent opened the Agilent Customer and Technology Center at its campus in Waldbronn, strengthening the company's presence in Germany.
Laboratory Freezers Market Segment Analysis
In this report, the Laboratory Freezers Market has been segmented by Product, End User and Geography.
Laboratory Freezers Market, Segmentation by Product
The Laboratory Freezers Market has been segmented by Product into Freezers , Refrigerators and Cryopreservation Systems.
Freezers
Freezers dominate the laboratory freezers market, accounting for approximately 50% of total revenue. These are essential for preserving biological samples, reagents, and vaccines at ultra-low temperatures, supporting research and clinical applications.
Refrigerators
Refrigerators represent about 30% of the market, providing stable temperature conditions for short-term storage of clinical samples and reagents in laboratories and pharmacies. Their role in cold chain management supports growth.
Cryopreservation Systems
Cryopreservation systems contribute nearly 20% of total revenue, offering specialized solutions for the long-term storage of biological materials at ultra-low and cryogenic temperatures. The increasing adoption in biobanking and cell therapy applications drives demand.
Laboratory Freezers Market, Segmentation by End User
The Laboratory Freezers Market has been segmented by End User into Blood Banks , Pharmaceutical & Biotechnology Companies, Academic & Research Institutes , Medical Laboratories , Hospitals and Pharmacies.
Blood Banks
Blood banks hold approximately 30% of the laboratory freezers market, using freezers and cryopreservation systems to store blood samples, plasma, and blood components under strict temperature conditions. The rising need for safe blood storage supports growth in this segment.
Pharmaceutical & Biotechnology Companies
This segment represents about 25% of total revenue, leveraging laboratory freezers for drug development, biologic storage, and research applications. The growing focus on personalized medicine and biologic therapies drives demand.
Academic & Research Institutes
Academic and research institutes account for nearly 15% of the market, employing laboratory freezers to store biological samples, experimental reagents, and specimens for basic and applied research.
Medical Laboratories
Medical laboratories represent about 10% of the market, using freezers and refrigerators to maintain sample integrity for clinical diagnostics and testing services.
Hospitals
Hospitals contribute nearly 10% of total revenue, utilizing laboratory freezers for blood storage, vaccine storage, and clinical sample preservation. The emphasis on patient safety and efficient sample management supports this segment.
Pharmacies
Pharmacies account for approximately 10% of the market, focusing on medication storage, particularly for temperature-sensitive biologics and vaccines. The rising adoption of cold chain systems supports growth.
Laboratory Freezers Market, Segmentation by Geography
In this report, the Laboratory Freezers Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Laboratory Freezers Market Share (%), by Geographical Region
North America
North America leads the laboratory freezers market, accounting for approximately 45% of total revenue. This dominance is driven by advanced healthcare infrastructure, high demand for biobank storage solutions, and strong presence of leading pharmaceutical companies and research institutes.
Europe
Europe holds about 25% of the market, supported by increasing investments in biotechnology and pharmaceutical research, and rising adoption of cold chain technologies in countries like Germany, the UK, and France.
Asia Pacific
Asia Pacific represents nearly 20% of total revenue, fueled by expanding healthcare and research infrastructure, growing demand for biologic therapies, and increasing adoption of laboratory storage solutions in China, Japan, and India.
Middle East and Africa
The Middle East and Africa contribute about 5% of the market, driven by improving healthcare delivery systems, rising investment in medical research, and growing awareness of cold storage solutions for clinical applications.
Latin America
Latin America accounts for nearly 5% of total revenue, led by Brazil, Mexico, and Argentina. The region benefits from increasing public health initiatives, rising investment in biological research, and growing demand for vaccine storage solutions.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Laboratory Freezers Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers
- Rising prevalence of chronic diseases
- Increasing demand for blood and blood components
- Technological advancements in freezer equipment
- Growth in biopharmaceutical industry
-
Expansion of research and development activities: In recent years, the global laboratory freezers market has witnessed a substantial expansion of research and development activities, driven by the growing demand for advanced cold storage solutions in various scientific and healthcare applications. This surge in R&D efforts is primarily aimed at enhancing the efficiency, reliability, and sustainability of laboratory freezers to meet the evolving needs of researchers, clinicians, and pharmaceutical manufacturers worldwide. Key players in the market are investing heavily in technological innovation to develop next-generation freezers that offer superior temperature control, energy efficiency, and storage capacity while ensuring sample integrity and regulatory compliance.
The increasing focus on precision medicine, personalized healthcare, and biobanking initiatives is further fueling the demand for specialized laboratory freezers capable of preserving a wide range of biological specimens, including DNA, RNA, cell cultures, vaccines, and blood products, at ultra-low temperatures. This has prompted manufacturers to collaborate with research institutions, government agencies, and healthcare organizations to co-develop innovative freezer solutions tailored to specific research workflows and storage requirements. With advancements in areas such as refrigeration technology, insulation materials, and digital monitoring systems, the global laboratory freezers market is poised for continued growth, offering new opportunities for market players to differentiate their offerings and gain a competitive edge in this rapidly evolving landscape.
Restraints
- High cost of laboratory freezers
- Stringent regulatory requirements
- Limited awareness in emerging markets
- Maintenance and energy consumption issues
-
Supply chain disruptions: The global laboratory freezers market has encountered significant challenges amid supply chain disruptions. These disruptions, spurred by various factors such as the COVID-19 pandemic, trade tensions, and natural disasters, have profoundly impacted the production and distribution of laboratory freezers worldwide. As laboratories serve as crucial hubs for scientific research, the demand for reliable storage solutions remains high, particularly for preserving sensitive biological specimens, vaccines, and reagents. However, the disruptions in the global supply chain have led to shortages of key components, delayed deliveries, and increased costs, thereby posing substantial challenges to both manufacturers and end-users in the laboratory freezers market.
Despite these challenges, the market for laboratory freezers continues to adapt and evolve. Manufacturers are increasingly focusing on resilience strategies, such as diversifying sourcing options, optimizing inventory management, and enhancing production efficiency, to mitigate the impact of supply chain disruptions. Additionally, technological advancements, such as the integration of IoT (Internet of Things) capabilities for remote monitoring and temperature control, are gaining traction within the market. These innovations not only improve the reliability and performance of laboratory freezers but also contribute to greater operational flexibility and efficiency, helping laboratories navigate through uncertain times and maintain the integrity of their valuable specimens.
Opportunities
- Growing adoption of personalized medicine
- Expansion in emerging markets
- Advancements in cryopreservation techniques
- Increase in biobanking activities
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Collaborations and partnerships in research and development: Collaborations and partnerships play a pivotal role in driving innovation and advancements within the global laboratory freezers market. With an ever-growing demand for precise temperature control and storage solutions in research and development (R&D) activities across various industries such as pharmaceuticals, biotechnology, and healthcare, companies are increasingly joining forces to pool resources, expertise, and technologies. These collaborations enable the development of cutting-edge laboratory freezers that meet the evolving needs of scientists and researchers, ensuring the integrity and stability of sensitive samples and reagents.
Partnerships between academia, government institutions, and private sector entities foster knowledge exchange and facilitate access to funding for R&D initiatives aimed at enhancing the performance and efficiency of laboratory freezers. By leveraging each other's strengths and capabilities, organizations can accelerate the pace of innovation, bring novel products to market, and address pressing challenges related to sample preservation, biobanking, and scientific research. As the demand for high-quality storage solutions continues to rise, collaborations and partnerships are poised to remain integral to the growth and development of the global laboratory freezers market, driving advancements that benefit the scientific community and society as a whole.
Competitive Landscape Analysis
Key players in Global Laboratory Freezers Market include:
- Eppendorf AG
- Haier Biomedical
- Helmer Scientific
- Thermo Fisher Scientific, Inc.
- VWR Corporation
- Arctiko A/S
- Biomedical Solutions Inc.
- Evermed S.R.L.
- Philipp Kirsch GmbH
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By End User
- Market Snapshot, By Region
- Laboratory Freezers Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rising prevalence of chronic diseases
- Increasing demand for blood and blood components
- Technological advancements in freezer equipment
- Growth in biopharmaceutical industry
- Expansion of research and development activities
- Restraints
- High cost of laboratory freezers
- Stringent regulatory requirements
- Limited awareness in emerging markets
- Maintenance and energy consumption issues
- Supply chain disruptions
- Opportunities
- Growing adoption of personalized medicine
- Expansion in emerging markets
- Advancements in cryopreservation techniques
- Increase in biobanking activities
- Collaborations and partnerships in research and development
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competative Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Laboratory Freezers Market, By Product,2021 - 2031(USD Million)
- Freezers
- Enzyme Freezers
- Plasma Freezers
- Explosion-Proof Freezers
- Flammable Material Freezers
- Laboratory Freezers
- Ultra-Low-Temperature Freezers
- Refrigerators
- Blood Bank Refrigerators
- Chromatography Refrigerators
- Explosion-Proof Refrigerators
- Flammable Material Refrigerators
- Laboratory Refrigerators
- Pharmacy Refrigerators
- Cryopreservation Systems
- Freezers
- Laboratory Freezers Market, By End User,2021 - 2031(USD Million)
- Blood Banks
- Pharmaceutical & Biotechnology Companies
- Academic & Research Institutes
- Medical Laboratories
- Hospitals
- Pharmacies
- Laboratory Freezers Market Market, By Geography, 2021 - 2031(USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Laboratory Freezers Market, By Product,2021 - 2031(USD Million)
- Competitive Landscape
- Company Profiles
- Eppendorf AG
- Haier Biomedical
- Helmer Scientific
- Thermo Fisher Scientific, Inc.
- VWR Corporation
- Arctiko A/S
- Biomedical Solutions Inc.
- Evermed S.R.L.
- Philipp Kirsch GmbH
- Company Profiles
- Analyst Views
- Future Outlook of the Market