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Laboratory Ovens and Freezers Market - Trends and Forecasts by Technavio

Technavio has published a new report on the global laboratory ovens and freezers market from 2017-2021. (Graphic: Business Wire) Multimedia Gallery URL

LONDON--(BUSINESS WIRE)--

Technavio’s latest report on the global laboratory ovens and freezers market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

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Amber Chourasia, a lead analyst from Technavio, specializing in research on lab equipment sector, says, “With the increase in end-users such as hospitals, research and testing laboratories, and diagnostic centers, there has been an increase in demand for laboratory ovens and freezers for various applications.”

The use of laboratory freezers is increasing with the increasing need to store vaccines, blood, or blood samples for cryogenic freezing. Cryogenic freezing requires specialized equipment, capable of generating and tolerating exceptionally low temperatures. For this purpose, vendors came up with ultra-low temperature freezers providing temperatures of -58°F (-50°C) and below with a dual compressor cascade system to reach these low temperatures.

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The top three emerging trends driving the global laboratory ovens and freezers market according to Technavio research analysts are:

Growth in number of blood banks

The need for whole blood and blood derivatives is growing with the evolution of modern healthcare systems, increase in life expectancy, and a higher incidence of diseases. The increasing blood donations and the need for blood units at hospitals are necessitating the proper preservation and trackable storage solutions, such as laboratory freezers.

The improvement in healthcare coverage and change in laws, such as the introduction of Patient Protection and Affordable Care Act, have broadened the accessibility of treatments to patients, making it easier to afford treatment and surgeries, which generally require several blood units during the procedure,” according to Amber.

Growing need for food testing

There has been a growing need for food testing in recent years. This is because of the increase in foodborne diseases, adulteration, and product recalls. There are more than 250 different types of foodborne diseases, including infections caused by a variety of bacteria, viruses, and parasites. The microbe or toxin enters the body through the gastrointestinal tract and often causes symptoms such as nausea, vomiting, abdominal cramps, and diarrhea.

Diarrheal diseases are the most common illnesses resulting from the consumption of contaminated food. The cases of food adulteration are increasing. Along with basic food grains such as rice and wheat, packaged water and bottled soft drinks are also being adulterated.

Increase in transplantation procedures

The overall demand for donated organs and tissues has grown exponentially. Over time, surgeons have developed the ability to perform new transplant procedures, not only of the kidney but also of the liver, heart, lung, hand, pancreas, intestines, and even face transplants.

The rise in the number of organ transplantation procedures is because of the heightened public awareness of organ donation created by social media campaigns and greater media coverage. Also, the increase in reform programs to increase clinical capacity and to raise community engagement and awareness in relation to organ and tissue donation are increasing the organ transplantation procedures globally.

The key vendors are as follows:

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

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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