The ‘Global Biomedical Refrigerators and Freezers Market Size, Share, Trend, Growth, Analysis, Report and Forecast 2023-2028’, by Expert Market Research, gives an extensive outlook of the global biomedical refrigerators and freezers market, assessing the market on the basis of its segments like type of refrigerator, type of freezer, product, application, end use, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Biomedical Refrigerators and Freezers Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 5.0%
Due to their widespread use in the storage and shipping of medical supplies to even the most remote regions of the globe, the pandemic boosted the market for biomedical refrigerators and freezers.
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The market for biomedical refrigerators and freezers is steadily expanding due to the increase in number of chronic diseases globally and the requirement to test biological samples for accurate diagnosis and treatment. The market for biomedical refrigerators and freezers is thriving due to the expanding clinical laboratories and the expanding healthcare infrastructure, which are both driving up the demand.
The benefits of medical freezers or refrigerators, such as improved control of the cold chain, precise temperature monitoring, improved airflow, and battery backups, are driving the market’s growth. The use of medical freezers with microprocessor-based temperature management, a digital temperature sensor, and forced air circulation to improve uniform temperature and minimise vaccine waste is also mandated by government laws, which is increasing market growth. Over the course of the forecast period, the market is anticipated to grow as a result of market participants developing high-quality biomedical refrigerators and freezers.
Biomedical Refrigerators and Freezers Industry Definition and Major Segments
In order to preserve and store biological samples like blood, RBA (ribonucleic acid), DNA (deoxyribonucleic acid) and biological reagents and others for research work and diagnosis, Biomedical refrigerators and freezers are use. Such equipment provides the optimal temperature stability and thus are effectively used in biotechnological and medical sector.
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Based on refrigerators, the biomedical refrigerators and freezers market is segmented into:
• Blood Bank Refrigerators
• Laboratory Refrigerators
• Pharmacy Refrigerators
• Chromatography Refrigerators
• Flammable Material Refrigerators
• Others
On the basis of freezers, the market is bifurcated into:
• Ultra-Low Temperature (ULT) Freezers
• Cryogenic Freezers
• Enzyme Freezers
• Laboratory Freezers
• Explosion-Proof Freezers
• Others
Based on application, the market is divided into:
• Storage
• Transport
• Research
• Others
On the basis of end use, the market is segmented into:
• Hospitals
• Blood Banks
• Clinical and Pathology Laboratories
• Pharmacies
• Others
Based on region, the market can be divided into:
• The Middle East and Africa
• North America
• Europe
• The Asia Pacific
• Latin America
Biomedical Refrigerators and Freezers Market Trends
The research segment holds a significant share of the global biomedical refrigerators and freezers market, based on the application. These equipments helps increase the shelf life of enzymes or human specimens and help maintain their catalytic activities, thereby helping the market expand. For the development of medical sector, the study of biological samples for medical and scientific advancements is playing a prominent role.
These researches have been expediting because of the need to develop target medicine and therapies to treat several diseases. Since most of the equipments have battery backups that can keep the specimens safe even during power outages, the use of biomedical refrigerators in research activities boosts the market growth for biomedical refrigerators and freezers. Medical goods need to be transported under regulated circumstances during transit to assure the highest possible product quality, hence demand for these products is predicted to grow.
In terms of region, North America holds a significant portion of the market and is anticipated to expand steadily over the coming years. This can be ascribed to North America having cutting-edge technologies. The growing government investments for the advancements of healthcare infrastructure are a major factor in the market expansion.
The demand for the product is also being boosted by the rapid development of the pharmaceutical and biomedical sector, particularly in nations like the United States where they are crucial for a variety of applications. Increased clinical trials and R&D efforts, supported by a number of government programmes, are anticipated to significantly advance the market throughout the projection period.
Key Market Players
The major players in the Biomedical Refrigerators and Freezers market include:
- ARCTIKO A/S
- Helmer Scientific Inc.
- Philipp Kirsch GmbH
- Thermo Fisher Scientific Inc.
- Eppendorf SE
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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