APAC to emerge as fastest-growing market for laboratory freezers

Thanks to new pharma production, biotechnology investments, and health infrastructure.

The Asia-Pacific is expected to be the fastest-growing region in the global laboratory freezers market, which is expected to reach $7.48b by 2032 at a compound annual growth rate of 4.78%, according to a SNS Insider pvt ltd report.

The region’s expansion is attributed to new pharmaceutical production, biotechnology investments, and health infrastructure.

“Demand for vaccines, personalised medicines, and clinical trials in countries including China, India, and South Korea is driving freezer use,” the report said.

Moreover, government support and contract research organisations are further driving its growth.

Meanwhile, a rise in pharmaceutical research, particularly in biologics, vaccines, and cell-based therapies, is fuelling global demand for laboratory freezers.