Laboratory Temperature Control Units Market to Attain Valuation of US$ 987.5 Mn by 2031, notes TMR Study

-Wireless temperature monitoring solutions, which can provide constant monitoring and alert notification even during a power failure, are now the most preferred way of temperature monitoring

-Implementation of government-sponsored laboratory safety programs is likely to boost demand for laboratory temperature controllers

ALBANY, N.Y., Dec. 15, 2021 /PRNewswire/ -- The global laboratory temperature control units market is anticipated to expand at a CAGR of 5.4% during the forecast period, from 2021 to 2031. The market is likely to reach US$ 987.5 Mn by 2031.

The global spread of COVID-19 is driving the demand for laboratory temperature control units in hospital laboratories, diagnostic labs, reference labs, and other diagnostic facilities. Temperature control units are made of temperature-sensitive components that keep the temperature in a laboratory stable so that devices, samples, and experiments are not damaged.

Biotechnology field and life science research employ laboratory temperature control devices as well. The global laboratory temperature control units market is likely to expand in the near future due to its rising in various industries, such as food & beverage and pharmaceutical industries.

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Key Findings of Market Report

• Growing Need to Prevent Spread of Airborne Illnesses in Medical Facilities to Drive Demand

Several hospitals operate on patients suffering from highly contagious disease in negative pressure chambers. The purpose is to prevent air from leaving these rooms into the other parts of the facility. Negative pressure is created in the rooms of a hospital's infectious area when air is lowered and pushed out. As such, during the forecast period, the global laboratory temperature control units market is expected to benefit from the rising demand for temperature controllers in hospitals and research laboratories,

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• Use of Temperature Control Devices in COVID-19 Vaccine Production to Benefit Market

Laboratory temperature control units are also utilized to make COVID-19 vaccines, as they assist biotechnology and pharmaceutical companies in controlling the temperature of their reactors. Additionally, cold chain temperature monitoring solutions were employed in the production of vaccinations, contributing to the rise in demand for laboratory temperature control devices during the pandemic.

• Growing Preference for Wireless Systems Due to Scalability to Fuel Demand

Wireless temperature monitoring systems, which can provide daily and constant monitoring and alert notification even during a power outage, are one of the most effective and prevalent methods of temperature monitoring. These devices are scalable, which means they may be made to monitor a single lab or an entire company with various sites and different brands of equipment. 

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• High Quality Temperature Controllers Reduce Total Length of Processes at Laboratories

Medical innovations, such as high-quality temperature controllers and other research techniques, are helping laboratory professionals to lower the overall time of various procedures, which is likely to boost the global laboratory temperature control units market.

• Increasing Spending on Academic and Medical Research to Drive Europe Market

European countries are boosting their investments in academic as well as medical research undertaken by many institutes and laboratories. As a result, the region's growing usage of laboratory temperature control systems is proving beneficial for the market.

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Laboratory Temperature Control Units Market: Growth Drivers

• Innovative chillers serve as a novel platform for clinical applications providing flexible design, optimal cooling quality, and excellent performance
• Diagnostic laboratories and biotechnology firms are expected to emerge as major consumers of laboratory temperature control devices during the forecast period
• Medical innovations, such as high quality temperature controllers, enable laboratory professionals to shorten the overall processing time, thereby boosting the demand for laboratory temperature control units

Laboratory Temperature Control Units Market: Key Players

Some of the key market players are

• Huber Kältemaschinenbau AG
• Bio-Rad Laboratories, Inc.
• Thermo Fisher Scientific Corporation
• AutoMate Scientific, Inc.
• HiTec Zang GmbH
• BMG Labtech

Laboratory Temperature Control Units Market: Segmentation

Product

• Chillers
• Circulators
• Temperature Controllers

Modality

• Benchtop
• Standalone

End User

• Hospitals
• Diagnostic Laboratories
• Pharmaceutical & Biotechnology Companies

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