Biomedical Refrigerators and Freezers Market to Grow at a Steady CAGR During Until 2025
Increasing demand for storage of medical samples for
diagnosis, testing and laboratory purposes to drive biomedical refrigerators
and freezers market
According to TechSci Research report, “Global
Biomedical
Refrigerators and Freezers Market, By Product (Pass-Through, Explosion Safe, Flammable storage, Combo/Dual
Temperature, Others), By Storage (Blood,
Vaccines, Plasma, DNA, Flammable chemicals, Others), By Temperature (RNA & DNA, Vaccines), By Capacity (138L, 169L, 221L, 230L, 426L, 690L, Others),
By End-user (Hospitals, Pharmacies,
Diagnostic Centers, Research Laboratories, Blood Banks), By Region,
Forecast & Opportunities, 2025”, the global market for biomedical refrigerators and
freezers is expected to grow at a steady rate during forecast period. Biomedical
refrigerators and freezers are the devices used for storing and preserving
blood samples, vaccines, chemicals, reagents, and other biological samples at
desired temperatures (as low as -220ºF) for testing and diagnosis purposes. Biomedical
refrigerators and freezers find their applications mainly in hospitals, pharmacies,
blood banks, laboratories for testing purposes diagnostic centers and various
research organizations. Treatment of myriad disorders is done with the
assistance of blood & urine samples and many other biological samples which
need to be preserved cautiously in order to give the patients the accurate
results. Furthermore, rise in the number of blood banks all over the world
calls for the preservation of blood for the future use without any sample
quality degradation. Another important factor propelling the market is the
replacement of conventional refrigerators by biomedical refrigerators which in
turn has a positive impact on environment as the greenhouse emission is
controlled in biomedical refrigerators. However, high cost and complex
installation can lead can act as challenge for the growth of the market.
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The global biomedical refrigerators and freezers
market is segmented based on product, storage, temperature, capacity, end-user,
company and region. The product segment is divided into pass-through, explosion
safe, flammable storage, combo/dual temperature, ultra low freezers, plasma
freezers and others. The plasma freezers are expected to hold the largest
market share as plasmapheresis, a technique in which the entire unhealthy blood
plasma is replaced with the healthy one, is claimed to be the most performed
apheresis technique by the European Society of Hemapheresis (ESFH), which
requires the biomedical refrigerators and freezers to store blood at low
temperatures. The end-user is segmented into hospitals, pharmacies, diagnostic
centers, research laboratories and blood banks. Blood banks segment is the
prominent segment and holds the largest share as majority of blood transfusion
are carried via blood banks.
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In terms of regional analysis, North America accounts
for the largest share of global biomedical refrigerators and freezers market due
to the development of genome engineering and biobanks. However, APAC region is the fastest growing
region due to the presence of the developing economies as they are still adapting
the latest healthcare technologies.
Some of the leading players
in global biomedical refrigerators and freezers market include Thermo Fisher
Scientific, Terumo, Aegis Scientific, Arctiko, Binder, BioMedical Solutions, Bionics
Scientific Technologies, Desmon Scientific, Eppendorf, Froilabo, Panasonic
Healthcare Co., B Medical Systems, Follett, Haier Biomedical, Helmer Scientific,
Liebherr, Migali Scientific, Powers Scientific, Kirsch and Coldway, among
others. In order to expand their market share, the companies adopt various
strategies like new product launches, and collaborations. To expand the market
share and increase the market share, the company ‘Follett’ has launched new and
advanced features in its biomedical refrigerators and freezers to be used in
healthcare industries.
“Global biomedical refrigerators and freezers market
is forecast to witness significant growth in the next five years owing to
increasing demand for regenerative and precision medicines, bio-banking
techniques and drug discoveries which require low temperature for preservation,
contributing to the increasing demand of biomedical refrigerators and freezers
market until 2025,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Biomedical Refrigerators and
Freezers Market, By Product (Pass-Through,
Explosion Safe, Flammable storage, Combo/Dual Temperature, Others), By
Storage (Blood, Vaccines, Plasma, DNA,
Flammable chemicals, Others), By Temperature (RNA & DNA, Vaccines), By Capacity (138L, 169L, 221L, 230L, 426L, 690L, Others), By End-user (Hospitals, Pharmacies, Diagnostic Centers,
Research Laboratories, Blood Banks), By Region, Forecast &
Opportunities, 2025”, has
evaluated the future growth potential of global biomedical refrigerators and
freezers market and provided statistics & information on market size, shares,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global biomedical
refrigerators and freezers market.
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