Global Laboratory Ovens and Freezers Market 2017-2021
About Lab Oven and Freezer
Laboratory ovens are used for high-forced volume thermal convection applications, such as sterilizing and drying. These include gravity convection, mechanical convection, clean process, forced-air, multipurpose, high-temperature, vacuum, microprocessor-controlled, and hot air ovens. 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.
Technavio’s analysts forecast the global lab oven and freezer market to grow at a CAGR of 4.45% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global lab oven and freezer market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Lab Oven and Freezer Market 2017-2021
Technavio recognizes the following companies as the key players in the global lab oven and freezer market: BioMedical Solutions, Eppendorf, Haier Biomedical, Helmer Scientific, Thermo Fisher Scientific, Panasonic Biomedical, and VWR.
Other Prominent Vendors in the market are: 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.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is 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.”
According to the report, one driver in market is increase in forensic investigations. Forensic evidence plays a vital role in criminal investigations. The social impact of forensics is huge since it has the potential to track down the guilty and acquit the innocent. The rise in the number of crime rates, including the increase in gun violence and terrorist bombings across the world has resulted in the rise of several forensic investigations. Forensic technologies that have evolved in the recent past include the portable use of color chemistry in the identification of biological and chemical weapons, improved extraction of fingerprints from metals as in fragments and gun cartridges, DNA-profiling techniques, and sensing technologies. All these technologies are aimed at improving the detection of explosives and drugs at various places, such as security checkpoints.
Further, the report states that one challenge in market is high price for advanced laboratory freezers and ovens. The healthcare industry, which is strictly regulated throughout the world, requires compliance criteria to be met at every stage of product development and management that is mostly time-consuming and expensive. The need to store organs, blood, or other samples at a specific temperature has increased the use of advanced laboratory ovens and freezers. Though the equipment are highly advanced with improved features and functionalities, they are expensive, making them unaffordable for small vendors. For instance, the startup cost of an RFID implementation, including refrigerators and freezers, in an 800-bed hospital is in the range of $27,000 - $1.25 million, depending on the requirement. Further, a rapid change in technology related to RFID storage solutions can have implications in the total cost that may eventually lead to lower adoption rates as many end-users may not purchase these solutions.
BioMedical Solutions, Eppendorf, Haier Biomedical, Helmer Scientific, Thermo Fisher Scientific, Panasonic Biomedical, VWR, 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.