Evaluating Market Demand and Revenue Generation in the Laboratory Freezers Market Sector
The global laboratory freezers market size reached USD 4.69 Billion in 2022 and is expected to register a revenue CAGR of 4.9% during the forecast period, according to the latest analysis by Emergen Research. One of the primary driving factors driving revenue growth of the market is rising demand for blood and blood components for transfusion and for support in cancer therapy. For instance, more than 1.8 million Americans were estimated to be diagnosed with cancer in 2020, according to the American Cancer Society. During their chemotherapy treatment, many patients require blood transfusions on a regular basis. Every year, almost 16 million blood components are transfused in the U.S. To reduce sample waste, it is essential that blood as well as its components be kept at proper low temperatures. Thus, rising demand for blood and blood components for transfusion is in turn driving revenue growth of the laboratory freezers market. The Laboratory Freezers market ...