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Below are some of the key findings from the laboratory freezer rack market research report
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The rising demand for blood and blood components is one of the major factors driving the laboratory freezer rack market growth. Blood and blood components are required for the treatment of various trauma, bleeding disorders, and blood loss due to surgery. As the demand for blood and blood components is on a rise, there has been an increase in demand for freezer rack as well. Additionally, freezer racks made of corrosion resistant steel allows handling and identification of cardholders and storage of large quantities of blood tubes conveniently. It also facilitates tube retrieval without removing the whole rack from the freezer. Such advantages are driving the demand for laboratory freezer racks.
The growth in stem cell research is one of the major trends which will further drive the laboratory freezer rack market growth. Stem cell research is growing in countries like China and India encouraged by the allocation of funds and grants. Laboratory freezer rack is widely used by researchers to preserve stem cells in ultra-low temperature. With the rise in stem cell research, the need for laboratory freezer rack is also expected to grow. This market forecast report predicts that fueled by these factors, the laboratory freezer rack market size will grow at a CAGR of over 5% during the forecast period.
The laboratory freezer rack market is moderately fragmented. As the market continues to grow it is becoming increasingly concentrated. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this laboratory freezer rack market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities and consequently augment the laboratory freezer rack market size.
The report offers a complete analysis of various companies including:
Global laboratory freezer rack market analysis reveals that the Americas will lead the laboratory freezer rack market share, while the APAC region will account for the highest growth of this market throughout the forecast period.
The pharmaceutical and biotechnology segment will dominate the laboratory freezer rack market share during the forecast period. Other users, which include biobanks and hospitals, will account for the highest laboratory freezer rack market growth in the market. Additionally, the report also provides an accurate prediction of the contribution of the various end-user segments to the growth of the laboratory freezer rack market size.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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