Global biomedical refrigerators and freezers market is expected to represent a value of over US$ 4,000 Mn. Biomedical refrigerators and freezers market value is anticipated to garner a CAGR of 5.1% during the forecast period, 2017-2022. Growing need to store biomedical samples has led to surge in demand for the biomedical refrigerators and freezers globally.
Prevalence of various diseases will continue to rev up demand for vaccines and other biomedical products. In addition, adoption of biomedical refrigerators and freezers will continue to increasing attributed to growing investment in research and development by educational and research institutions.
As need for exact and accurate storage conditions arise, healthcare organizations prefer storing various biomedical products in the biomedical refrigerators and freezers. Growing need for personalized vaccines stemming from increasing demand to conduct cellular therapy will further continue to impact growth of the global market.
Vaccine Management to Impact Global Market Growth
Exposure of the vaccines beyond the recommended temperature range can reduce its effectiveness during administration. Demand for vaccines is expected to increase attributed to prevalence of various diseases globally.
Vaccines need to be stored in the recommended temperature in order to deliver effective administration. Growing need to store vaccines in accurate and exact storage conditions for effective administration will continue to rev up adoption of the biomedical refrigerators and freezers in the healthcare industry.
Production of custom-made vaccines, medicines and blood transfusions attributed to growth of cellular therapy is further expected to contribute towards growth of the global biomedical refrigerators and freezers market during the forecast period.
As the need for vaccine management arises, demand for the biomedical refrigerators is expected to remain high in the global market during the forecast period. Such factors are expected to contribute towards growth of the global biomedical refrigerators and freezers market during the forecast period.
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Investment in Research and Development to Fuel Demand
Increasing investment in research and development activities will continue to bolster demand for the biomedical refrigerators and freezers in the healthcare industry. As researchers are increasingly focusing on developing innovative techniques and products for treatment procedure, adoption for the biomedical refrigerators and freezers is expected to rev up in the global market during the forecast period.
Demand for biomedical refrigerators and freezers is further expected to witness significant demand in the educational and research institutes. Bound to these factors, the global refrigerators and freezers market is expected to witness significant growth during the forecast period.
Plasma Freezer Products to Represent a Leading Segment
Growing need to store blood plasma is expected to rev up demand for plasma freezers in the global market. On the basis of product type, the plasma freezers segment is expected to witness the highest revenue growth, accounting for a value of over US$ 400 Mn by the end of 2022. On the other hand, the cryogenic storage systems product type segment is expected to register a robust CAGR during the forecast period.
Based on end user, the hospitals segment is expected to generate significant revenues, recording a value of over US$ 300 Mn by the end of 2017. However, the research laboratories end user segment is expected to register a significant CAGR through 2022.
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Leading market players operating in the global biomedical refrigerators and freezers market include
- Aegis Scientific Inc.
- Arctiko A/S
- Binder GmbH
- Biomedical Solutions Inc.
- Bionics Scientific Technologies Co. Ltd.
- Coldway SA
- Desmon S.p.A
- Eppendorf AG
- Froilabo SAS
- Gram Commercial SAS
- Helmer Inc.
- LabRepco Inc.
- Liebherr International AG
- Panasonic Healthcare Co. Ltd.
- Philips Kirsch GmbH
- Terumo Corporation
- Thermofisher Scientific Inc.
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Growing demand for vaccine management is expected to fuel demand for biomedical refrigerator and freezers globally. In addition, increasing investment in research and development activities is further expected to impact growth of the global biomedical refrigerators and freezers market. This Fact.MR report analyzes the expansion of global biomedical refrigerators and freezers market till date, and provides key insights on the growth of the market during the forecast period, 2017-2022.
The scope of Fact.MR’s report is to analyze the global biomedical refrigerators and freezers market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Medical device manufacturers, research institutes, and raw material suppliers in the global biomedical refrigerators and freezers market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to biomedical refrigerators and freezers.
The report commences with a brief information of the global biomedical refrigerators and freezers market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global biomedical refrigerators and freezers market.
The next section offers an overview of the global biomedical refrigerators and freezers market. This comprises an introduction to the market, along with a standard definition of the product – biomedical refrigerators and freezers. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global biomedical refrigerators and freezers market, the report provides updates about market opportunities, which can benefit leading manufacturers of biomedical refrigerators and freezers. With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for tissue expander manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, regulatory approvals, pricing analysis, list of distributors, and cost structure are provided in this section.
The Fact.MR report provides segment-wise analysis and forecast for covering the wide scope of global biomedical refrigerators and freezers market. Product type, end user, and region are key segments that define the growth of the global market for biomedical refrigerators and freezers. In this segmentation analysis, a detailed country-wise forecast across all key market parameters is also included.
The report’s last section comprises of the global biomedical refrigerators and freezers market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global biomedical refrigerators and freezers market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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