According to a new report published by Allied Market Research, titled, โLaboratory Freezers Market: Global Opportunity Analysis and Industry Forecast, 2020-2027” 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. The laboratory freezers are widely used equipment in numerous blood banks, academic institutions, and pharmaceutical as well as biotechnological companies for the storage of diverse biological products that include blood, tissues, serum and vaccine samples, and so on. The freezers can be used as a preservation area for such biological samples, which are undergoing research and are used for experiments.
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COVID-19 Scenario Analysis
The outbreak of COVID-19 globally and the forced lockout, there is an ongoing recession in the healthcare market. The major stakeholders were thinking to adapt their plan to the rapidly changing situation. COVID-19 is expected to have significant long-term impacts, which is negative on the healthcare industry. The countries and major players would have to assume critical healthcare changes until the crisis takes a back seat. The technological progress, cost containment and augmented access will in the near future be an integral part of healthcare reforms. However, since many healthcare providers are working on video conferencing and telephone calls, this segment’s growth will increase several folds over the next two years.
The key factors which are anticipated to help the market grow include the rise in the need for appropriate storage requirement for the various reagents used in the biological fields, in the coming years. The increase in the research and development of various methods which would help in the storage of various sensitive tissues is anticipated to help the market flourish in the forecast period. The surge in the prevalence of the various blood disorders such as sickle cell anemia and hemophilia, which requires supply of blood and other blood related components, would help the market gain maximum shares in the forecast period.
In April 2019, Smith and Nephew closed the acquisition of Osiris Therapeutics and its purchase of Leaf Healthcare and its Leaf Patient Monitoring System. The company paid about USD 19 per share in cash for Osiris, which develops and produces regenerative medicine products including bone grafts, skin, and articular cartilage substitutes. The deal is about 37% premium on the 90-day volume-weighted average for Osirisโs common shares.
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The key players profiled in this report include 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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- This study presents the analytical depiction of the global Laboratory Freezers industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Laboratory Freezers market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Laboratory Freezers market growth scenario.
- Porterโs five forces analysis illustrates the potency of buyers & suppliers in the Laboratory Freezers market.
- The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in coming years.
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