
The analysts forecast the global lab oven and freezer market to grow at a CAGR of 4.45% during the period 2017-2021. 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.