Biomedical Refrigerators and Freezers Market: Investment in Research and Development to Fuel Demand

Published: Fri Apr 12 2019

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.

As the stored items are normally high value drugs or irreplaceable samples of blood, cells and DNA, namely, storing samples at ultra-low temperatures becomes a highly sensitive process. While most residential refrigerators has a freezing compartment, the CDC dissuades people from using combination of refrigerator-freezers for any sort of vaccine storage.

With the growing vaccines cost and need of greater storage capacity at every level of the cold chain, countries look to reduce waste, maintain lower stock levels, prevent equipment breakdowns and forecast vaccine requirements. This bespeaks the requirement of high standard of supply chain management. As such, effective vaccine management signifies the importance of biomedical refrigerators and freezers.

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By 2022-end, the hospitals end user segment is projected to represent a robust revenue growth, accounting for more than US$ 300 Mn by 2017-end. On the other hand, the research laboratories end user segment is projected to reflect a healthy CAGR over the forecast period.

There has been impressive developments in the bio-banking technology which has been catalyst in transforming bio-repository and bio-specimen science. In addition, the influence of robotic processing and automated technology have made the bio-banking process efficacious. Influx of software applications aimed at helping storage management biomedical samples and blood are witnessed in the landscape.

Bio-medical refrigerators and freezers fulfils the need of storing biomedical samples at precise temperature. Besides, soaring need for cell therapy has propped up production of custom-made vaccine products, medicines and blood transfusion.

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Researchers have been keenly focusing on augmentation of innovative treatment procedures for the treatment of various diseases. This has led to the soaring demand for bio-medical samples accordingly.

Biomedical Refrigerators and Freezers Market: Overview

The report offers a coherent analysis on the biomedical refrigerators and freezers market for the forecast period 2018-2026. Further, the report also shed light on dynamics of the market, including drivers, trends, restraints and opportunities. Besides, the report delves into the segmentation of the market which is aimed at providing readers with an in-depth view of the market.

The report on biomedical refrigerators and freezers delves into supply chain and cost structure to provide a robust view of the biomedical refrigerators and freezers market. The report also includes disease epidemiology and product lifecycle analysis. Furthermore, PESTLE analysis offers an in-depth view of biomedical refrigerators and freezers in the global market. The report also includes a comprehensive assessment on the basis of average pricing analysis.

The market for biomedical refrigerators and freezers adopts supply-demand approach to provide a holistic picture of the market. In-house panel of experts have thoroughly analyzed the research sources, including secondary sources and primary sources. Revenue comparison, market share comparison and Y-o-Y growth comparison on the geography lead to the market size of the biomedical refrigerators and freezers. The growth of manufacturers in the historical and forecast period are estimated to assist the readers with investment decisions.

Biomedical Refrigerators and Freezers Market: Competitive Landscape

Leading players being instrumental for the growth of the biomedical refrigerators and freezers market are assessed and profiled with respect to financial overview, company overview, product offering, strategies, recent development and key differentiators. Furthermore, the report encompasses SWOT analysis to present an overall picture of the competitive landscape of the biomedical refrigerators and freezers market.

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 and Thermofisher Scientific Inc.

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