As per this study, the Global Laboratory Refrigerator And Oven Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Laboratory refrigerator is referred to an appliance used in the research laboratory to preserve the biological samples, chemical compounds, and specimens. It is mainly used for storing blood components, vaccines, pharmaceutical supplies, and other degradable compounds. Whereas laboratory oven or laboratory furnace refers to convection appliance, widely adopted for annealing, polymer curing, sterilizing biohazards, and sample testing.
The rising number of blood banks, growing need of food testing and increasing tissue transplantation is driving the market growth. Also, the increasing prevalence of chronic diseases resulting in higher demand for vaccines, blood and blood components is pushing the demand for laboratory refrigerators. Ongoing advancement in biomolecule refrigeration and sterilization techniques is further fueling the market growth. Rising count of hospitals, R&D laboratories, diagnostic centers and blood banks is again boosting the market growth. However, high cost of laboratory ovens & refrigerators along with increasing adoption of refurbished equipment is likely to hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of laboratory refrigerator and oven.
The broad laboratory refrigerator and oven market has been sub-grouped into product, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Life Science
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for laboratory refrigerator and oven in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Laboratory Refrigerator And Oven Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the laboratory refrigerator and oven market include AGA Marvel, Azbil Telstar, S.L., Carbolite GERO Limited, Chart Industries, Inc., Cole-Parmer Instrument Company, Eppendorf AG, Haier Biomedical, Helmer Scientific, Labcold Ltd., NuAire Inc., Panasonic Healthcare Holdings Co., Ltd., Philipp Kirsch GmbH, Sheldon Manufacturing, Inc., Thermo Fisher Scientific, Inc. and Worthington Industries among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.