Global Laboratory Ovens and Freezers Market 2017-2021

Global laboratory ovens and freezers industry outlook

According to the laboratory ovens and freezers market overview, the global laboratory ovens and freezers market to grow steadily at a CAGR of above 4% by 2021. One of the primary drivers for laboratory ovens and freezer market growth is the rise in the awareness of blood transfusion. Campaigns and awareness initiatives regarding the misconceptions about blood donations have been undertaken by government organizations and private companies, as well as educational institutions to increase the number of blood donations.  For instance, in August 2016, the New York Medical College was involved in an initiative to raise awareness of ‘Emergency Blood Donor Shortage.' The program allowed the educational institute to participate in the international Missing Type Campaign 2016, an international initiative that seeks to increase blood donation in the US. This has greatly improved awareness among individuals, thus giving rise to a massive number of volunteers donating blood. This, in turn, is expected to increase the demand for lab supplies and propel growth in the global laboratory ovens and freezers market during the forecast period.

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One of the latest laboratory ovens and freezer market trends gaining traction in this market is the development of RFID-enabled freezers. RFID freezers can smoothly function stock-taking process, offering real-time actionable product visibility along with workflow automation and inventory monitoring. Further, features such as biometric fingerprint access, emergency manual key release, RFID access card reader, LED illumination, and digital display panel have led to increased user satisfaction among buyers. This rise in the popularity of RFID-enabled freezers is expected to augment growth in the global laboratory ovens and freezers market in the coming years.

Competitive landscape and key vendors

The global laboratory ovens and freezers market are fragmented due to the presence of several regional and international lab equipment suppliers present across the globe. The competitive environment in the laboratory equipment market is expected to intensify further with an increase in product/service extensions, product innovations, and M&A.  

Leading vendors in the market are 

• BioMedical Solutions
• Eppendorf
• Haier
• Helmer Scientific
• Thermo Fisher Scientific
• Panasonic Biomedical
• VWR

Other prominent vendors in the laboratory ovens and freezers market include Arctiko, Aegis Scientific, AGA Marvel, Angelantoni Life Science, Azbil Telstar, BINDER, BIONICS SCIENTIFIC TECHNOLOGIES, Carbolite Gero, C.F. di Ciro Fiocchetti & C. s.n.c., Chart Industries, EVERmed, Kirsch, Lab Research Products, Liebherr, PerklinElmer, Porkka, Sheldon Manufacturing, Terumo Medical Corporation, and Terso Solutions.

Laboratory ovens and freezers market segmentation by end-users

• Research and testing laboratories
• Pharmaceutical and healthcare facilities

During 2016, the pharmaceutical and healthcare facilities dominated the laboratory ovens and freezers market and accounted for a major part of the overall market share. The rising number of chronic diseases, such as cancer, fertility treatments, and transplantations is the key factor responsible for the dominance of this segment in the global laboratory equipment market.

Geographical segmentation and analysis of the laboratory ovens and freezers market

• Americas
• APAC
• EMEA

In this market study, analysts have estimated the Americas to dominate the laboratory ovens and freezers market during the forecast period. The presence of a large number of well-established pharmaceutical companies and healthcare facilities offering a wide range of laboratory apparatus in countries like the US and Canada are the key factors supporting the growth of the laboratory equipment market in the Americas.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global laboratory ovens and freezers market?
• What are the key market trends impacting the growth of the global laboratory ovens and freezers market?
• What are the challenges to market growth?
• Who are the key vendors in the global laboratory ovens and freezers market?
• What are the market opportunities and threats faced by the vendors in the global laboratory ovens and freezers market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global laboratory ovens and freezers market?

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