The biomedical refrigerators and freezersmarket is projected torecord a CAGR of 5.9% during the forecast period, up from US$ 3.2 Bn in 2020 to
reach a valuation of US$ 6 Bn by 2031
Biomedicalrefrigerators and freezers are medical equipment, used forstoring various biological samples such as biological reagents, blood, blood
derivatives, medicines, vaccines, deoxyribonucleic acid (DNA), ribonucleic acid
(RNA), and flammable chemicals. Samples with biological origin require
precise conditions for effective storage.
In comparison with domestic refrigerators and freezers,biomedical refrigerators and freezers provide optimum conditions for efficient
storage of samples with biological origin. Biomedical refrigerators and
freezers are widely used in blood banks, hospitals, diagnostic centers,
research laboratories, educational institutes, etc.
Based on temperature range, commercially availablebiomedical refrigerators and freezers offer different applications.
For example, ultra-low temperature freezers with temperaturerange between -70 to -80 and low are used for prolonged storage of biomedical
samples such as DNA and RNA. Plasma freezers offer temperature range between
-30°C to -40°C and hence, are preferred for the storage of plasma products,
whole blood and vaccines.
Blood bank refrigerators are suited for the storage of wholeblood or blood component products. However, the blood bank refrigerators
segment contributes the largest market share for the global biomedical
refrigerators and freezers market.
The blood bank refrigerators segment is mainly driven bysteady rise in the number of blood banks in developing and developed regions
and the presence of stringent regulatory requirements. On the other hand,
laboratory, medical freezers and pharmacy segments are expected to grow with
fastest CAGR during the forecast period.
The global biomedical refrigerator and freezer market isexpected to grow at a single digit CAGR during the forecast period (2015-2025).
Global Biomedical Refrigerators and Freezers Market:Overview
With rapid technological advancement and with augmentationof various technological and infrastructural up gradation of clinics, hospitals
and research laboratories, the global biomedical refrigerators and freezers is
expected to have a substantial growth in the forecast period (2015-2025).
For more insights into the market, request a sample ofthis report Global Biomedical Refrigerators and Freezers Market: Key Players
Key players in global biomedical refrigerators and freezersmarket are, Aegis Scientific, Inc., ARCTIKO A/S, ThermoFisher Scientific, Inc.,
Binder GmbH, BioMedical Solutions, Inc., Bionics Scientific Technologies (P)
Ltd., Coldway, DESMON S.p.A, Eppendorf AG, Froilabo SAS, Panasonic Healthcare
Co., Ltd., Philipp Kirsch GmbH, LabRepCo, Inc., Gram Commercial A/S, and
Venktron Electronics Co. Ltd.
The research report presents a comprehensive assessment ofthe market and contains thoughtful insights, facts, historical data, and
statistically supported and industry-validated market data. It also contains
projections using a suitable set of assumptions and methodologies. The research
report provides analysis and information according to categories such as market
segments, geographies, types, technology and applications.
Global Biomedical Refrigerators and Freezers Market:Drivers and Restraints
Factors driving the global biomedical refrigerators andfreezers market, are increasing demand for blood transfusions, custom-made
medicines and vaccines, and cellular therapies. In addition, rising research
and development activities in the field of medical science are driving the
acceptance of biomedical refrigerators and freezers in research and educational
institutes.
Also, with increased funding from various sources andR&D activities in the pharmaceutical sector up-surged the use of biomedical
refrigerators and freezers.
Factors restraining the global refrigerator and freezersmarket includes, presence of large number of local players offering cheaper
products than branded products, and rising trend of using refurbished equipment
worldwide due to its cheaper price.
- The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
- Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium,
Netherlands, Luxembourg) - Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information,qualitative and quantitative assessment by industry analysts, inputs from industry
experts and industry participants across the value chain. The report provides
in-depth analysis of parent market trends, macro-economic indicators and
governing factors along with market attractiveness as per segments. The report
also maps the qualitative impact of various market factors on market segments
and geographies.
Information Source:
