Asia Pacific Ultra-Low Temperature Freezer Market to 2027 – Regional Analysis and Forecasts by Type (Upright ULT freezers, Chest ULT freezers); End User (Bio-Banks, Hospital, Pharmaceutical and Biotechnology Companies, Academic and Research Institute); an

Asia Pacific Ultra-Low Temperature Freezer Market to 2027 – Regional Analysis and Forecasts by Type (Upright ULT freezers, Chest ULT freezers); End User (Bio-Banks, Hospital, Pharmaceutical and Biotechnology Companies, Academic and Research Institute); and, Country

Asia Pacific ultra-low temperature freezer market is anticipated to reach US$ 159.04 million by 2027 from US$ 109.02 million in 2019. The market is projected to grow with a CAGR of 5.0% from 2019 to 2027.

The ultra-low temperature freezer market is growing primarily due to the rising government support for research activities and clinical trials. Growing R&D activities to introduce new drug compounds, is likely to damage the growth of the market in the coming years. On the other hand, development in the healthcare market is expected to have a positive impact on the growth of the Asia Pacific ultra-low temperature freezer market in the coming years.

Ultra-low temperature freezers are designed for storage of biological materials such as virus, bacteria, eukaryotic cells, blood, and semen. These freezers are used in blood banks, hospitals, epidemic prevention services, research institutes, and biomedical engineering facilities, among others.

Pharmaceutical companies focus on R&D to introduce new molecules for various therapeutic applications with enhanced medical and commercial potential. The companies invest majorly on R&D activities with an aim to delivering high quality and innovative products in the market.

R&D spending by biopharmaceutical companies has been increasing over the years. According to the report of Pharmaceutical Research and Manufacturers of America (PhRMA), the R&D expenditure of the biopharmaceutical companies has increased from US$ 49.6 billion in 2012 to US$ 58.8 billion in 2015. Among the world’s top 50 companies by total R&D investment in the fiscal year 2014/2015 were 16 pharmaceutical companies. Novartis, Roche, Johnson & Johnson, and Pfizer are among the top 10 leading R&D investing companies worldwide. Temperature accuracy and monitoring are the major aspects in medical science to preserve and store temperature-sensitive biomedical components that are frequently used for new drug development. Thus, the growing R&D expenditure to introduce new drug compounds will require reliable storage; this, in turn, is expected to drive the growth of the ultra-low temperature freezers market during the forecast period.

As per the S&P Global ratings, the COVID-19 outbreak is expected to wipe approximately US$ 200 billion of Asia Pacific economies this year, sending growth rate to its lowest level. The outbreak has spread to at least 85 countries in the region and is expected to hamper the market growth as investors fret over its economic impact. The total reported COVID-19 cases in the major countries of APAC are: china (82,295), Japan (8,100), and India (11,555). The pharmaceutical companies in the region are working on drug discovery and clinical testing processes on a large scale. However, China and Japan have been frontiers in the research activities including the development of stem cell therapies, cell therapies, and regenerative medicine. Therefore, the ultra-low temperature freezer market in APAC is anticipated to be less affected by the pandemic situation.

In terms of type, the upright ULT freezers segment accounted for the largest share of the Asia Pacific ultra-low temperature freezer market in 2019 and is estimated to mark the highest CAGR in the market during the forecast period, owing to the factors such as easier to organize because of having shelves. Also, the convenience of use of upright freezers has led to its dominance during 2019 and is expected to witness similar trend over the coming years.

Centers for Disease Control and Prevention (CDC), Biomedical Research Centers (BRCs), Society of Infectious and Tropical Diseases (SIMIT), and International Society for Stem Cell Application (ISSCA) are among the significant primary and secondary sources for ultra-low temperature freezer included in the report.

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1. Introduction
1.1 Scope of the Studya
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Ultra-Low Temperature Freezer Market – By Type
1.3.2 Asia Pacific Ultra-Low Temperature Freezer Market – By End-User
1.3.3 Asia Pacific Ultra-Low Temperature Freezer Market – By Country
2. Asia Pacific Ultra-Low Temperature Freezer Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Ultra-Low Temperature Freezer Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Asia Pacific Ultra-Low Temperature Freezer Market - Asia Pacific PEST Analysis
4.3 Expert Opinion
5. Asia Pacific Ultra-Low Temperature Freezer - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Growing R&D Activities to Introduce New Drug Compounds
5.2 Key Restraints
5.2.1 High Costs Associated with Ultra-Low Temperature Freezers
5.3 Key Market Opportunities
5.3.1 Development in the Healthcare Market
5.4 Future Trend
5.4.1 Growing Emphasis on Temperature Uniformity and Energy Efficiency
5.5 Impact Analysis
6. Ultra-Low Temperature Freezer Market – Asia Pacific Analysis
6.1 Asia Pacific Ultra-Low Temperature Freezer Market Revenue Forecasts and Analysis
7. Ultra-Low Temperature Freezer Market Analysis – By Type
7.1 Overview
7.2 Ultra-Low Temperature Freezer Market Revenue Share, by Type (2019 and 2027)
7.3 Upright ULT Freezers
7.3.1 Overview
7.3.2 Upright ULT Freezers: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Chest ULT Freezers
7.4.1 Overview
7.4.2 Chest ULT Freezers: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
8. Ultra-Low Temperature Freezer Market – By End-User
8.1 Overview
8.2 Ultra-Low Temperature Freezer Market, by End-User, 2019 and 2027 (%)
8.3 Bio-Banks
8.3.1 Overview
8.3.2 Bio-Banks: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Academic Research Institutes
8.4.1 Overview
8.4.2 Academic Research Institutes: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Hospitals
8.5.1 Overview
8.5.2 Hospitals: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Pharmaceutical & Biotechnology Companies
8.6.1 Overview
8.6.2 Pharmaceutical & Biotechnology Companies: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
9. Ultra-Low Temperature Freezer Market Revenue and Forecasts To 2027 – Geographical Analysis
9.1 Asia Pacific Ultra-Low Temperature Freezer Market Revenue and Forecasts To 2027
9.1.1 Overview
9.1.2 Asia Pacific: Ultra-Low Temperature Freezer Market - Revenue and Forecast to 2027 (USD Million)
9.1.3 Asia Pacific: Ultra-Low Temperature Freezer Market, by Type, 2018–2027 (USD Million)
9.1.4 Asia Pacific: Ultra-Low Temperature Freezer Market, by End User – 2018–2027 (USD Million)
9.1.5 Asia Pacific: Ultra-Low Temperature Freezer Market, by Country, 2019 & 2027 (%)
9.1.6 China: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
9.1.6.1 China: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
9.1.6.2 China: Ultra-Low Temperature Freezer Market, by Type, 2018–2027 (USD Million)
9.1.6.3 China: Ultra-Low Temperature Freezer Market, by End User, 2018–2027 (USD Million)
9.1.7 Japan: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
9.1.7.1 Japan: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
9.1.7.2 Japan: Ultra-Low Temperature Freezer Market, by Type, 2018–2027 (USD Million)
9.1.7.3 Japan: Ultra-Low Temperature Freezer Market, by End User, 2018–2027 (USD Million)
9.1.8 India: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
9.1.8.1 India: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
9.1.8.2 India: Ultra-Low Temperature Freezer Market, by Type, 2018–2027 (USD Million)
9.1.8.3 India: Ultra-Low Temperature Freezer Market, by End User, 2018–2027 (USD Million)
9.1.9 South Korea: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
9.1.9.1 South Korea: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
9.1.9.2 South Korea: Ultra-Low Temperature Freezer Market, by Type, 2018–2027 (USD Million)
9.1.9.3 South Korea: Ultra-Low Temperature Freezer Market, by End User, 2018–2027 (USD Million)
9.1.10 Australia: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
9.1.10.1 Australia: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
9.1.10.2 Australia: Ultra-Low Temperature Freezer Market, by Type, 2018–2027 (USD Million)
9.1.10.3 Australia: Ultra-Low Temperature Freezer Market, by End User, 2018–2027 (USD Million)
10. Impact of COVID-19 Pandemic on Global Ultra-Low Temperature Freezer Market
10.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Bionics Scientific Technologies (P). Ltd
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Haier Biomedical
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 REMI GROUP
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 PHC Holdings Corporation
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Esco Group of Companies
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
List of Tables
Table 1. R&D Investments by Major Pharmaceutical Companies
Table 2. Asia Pacific Ultra-Low Temperature Freezer Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 3. Asia Pacific Ultra-Low Temperature Freezer Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 4. China Ultra-Low Temperature Freezer Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 5. China Ultra-Low Temperature Freezer Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 6. Japan Ultra-Low Temperature Freezer Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 7. Japan Ultra-Low Temperature Freezer Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 8. India Ultra-Low Temperature Freezer Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 9. India Ultra-Low Temperature Freezer Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 10. South Korea Ultra-Low Temperature Freezer Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 11. South Korea Ultra-Low Temperature Freezer Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 12. Australia Ultra-Low Temperature Freezer Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 13. Australia Ultra-Low Temperature Freezer Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 14. Glossary of Terms, Asia Pacific Ultra-Low Temperature Freezer Market
List of Figures
Figure 1. Ultra-Low Temperature Freezer Market Segmentation
Figure 2. Asia Pacific Ultra-Low Temperature Freezer Market Overview
Figure 3. Upright ULT Freezers Segment Held Largest Share of Ultra-Low Temperature Freezer Market
Figure 4. Japan Is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Asia Pacific Ultra-Low Temperature Freezer Market- Leading Country Markets (US$ Mn)
Figure 7. Asia Pacific Ultra-Low Temperature Freezer Market - Asia Pacific PEST Analysis
Figure 8. Ultra-Low Temperature Freezer Market Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific Ultra-Low Temperature Freezer Market – Revenue Forecasts and Analysis – 2019- 2027
Figure 10. Ultra-Low Temperature Freezer Market Revenue Share, by Type (2019 and 2027)
Figure 11. Upright ULT Freezers: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. Chest ULT Freezers: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Ultra-Low Temperature Freezer Market, by End-User, 2019 and 2027 (%)
Figure 14. Bio-Banks: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Academic Research Institutes: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Hospitals: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Pharmaceutical & Biotechnology Companies: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Asia Pacific: Ultra-Low Temperature Freezer Market, by Key Country – Revenue (2019) (USD Million)
Figure 19. Asia Pacific Ultra-Low Temperature Freezer Market Revenue and Forecast to 2027 (USD Million)
Figure 20. China: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
Figure 21. Japan: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
Figure 22. India: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
Figure 23. South Korea: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
Figure 24. Australia: Ultra-Low Temperature Freezer Market – Revenue and Forecast to 2027 (USD Million)
Figure 25. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

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