Biomedical Refrigerators and Freezers Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Biomedical refrigerators and freezers are medical equipment which is used to store a variety of biological samples such as blood, derivatives of blood, vaccines, medicines, flammable chemicals, biological reagents, ribonucleic acid (RBA) and deoxyribonucleic acid (DNA), among others. These refrigerators are safe & accurate storage equipment that offer optimal conditions needed for storage of biological samples. These refrigerators & freezers are extensively used in hospitals, blood banks, diagnostic centers, pharmacies, educational institutions, and research laboratories, among others.

MARKET SCOPE

The "Global Biomedical Refrigerators and Freezers Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the biomedical refrigerators and freezers market with detailed market segmentation by product, end user, and geography. The report provides key statistics on the market status of the leading Biomedical Refrigerators and Freezers market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on product, the global biomedical refrigerators and freezers market is segmented into refrigerators, freezers and cryopreservation systems. The refrigerators segment is further segmented into blood bank refrigerators, chromatography refrigerators, explosion-proof refrigerators, flammable material refrigerators, laboratory refrigerators and pharmacy refrigerators. The freezers segment is also further segmented into enzyme freezers, plasma freezers, explosion-proof freezers, flammable material freezers, laboratory freezers and ultra-low-temperature freezers.
  
•   On the basis of end user, the market is segmented into hospitals and ambulatory surgical centers, pharmacies and medical laboratories, blood banks, pharmaceutical & biotechnology companies, and others.
  
  

MARKET DYNAMICS
Drivers

•   Increasing demand & adoption of biomedical refrigerators and freezers
  
•   Increasing demand for blood transfusions and custom-made medicines & vaccines
  
•   Rise in availability of funding R&D activities in the pharmaceutical sector
  

Restraints

•   High cost coupled with growing use of refurbished equipment
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Biomedical Refrigerators and Freezers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Biomedical Refrigerators and Freezers market in these regions.

IMPACT OF COVID-19 ON BIOMEDICAL REFRIGERATORS AND FREEZERS MARKET

The biomedical refrigerators and freezers market is well established, especially in the US and Canada. This can be attributed to the rapidly developing products and services that are designed to accelerate lifesaving discoveries in the US. For instance, in June 2015, Thermo Fisher Scientific has launched TSX ultra-low temperature freezer features natural refrigerants for lower environmental impact and higher cooling efficiency. The US is expected to be hit by the pandemic the most due to increasing number of cases and lockdown in most of the cities. Most of the companies are engaged in the development of therapeutic alternatives for coronavirus. This has put off all the research and development activities of stem cells, personalized medicine, and other therapies.
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Biomedical Refrigerators and Freezers Market Report Analysis

Biomedical Refrigerators and Freezers Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Thermo Fisher Scientific
• Helmer Scientific
• Eppendorf AG.
• Haier
• VWR International, LLC,
• BioMedical Solutions, Inc.
• Arctiko, Philipp Kirsch GmbH
• PHC Holdings Corporation
• EVERMED s.r.l.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product

• Refrigerators
• Freezers
• Cryopreservation Systems

By End User

• Hospitals and Ambulatory Surgical Centres
• Blood Banks
• Pharmacies and Medical Laboratories
• Pharmaceutical and Biotechnology companies

MARKET PLAYERS

The report covers key developments in the biomedical refrigerators and freezers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from biomedical refrigerators and freezers market are anticipated to lucrative growth opportunities in the future with the rising demand for Biomedical Refrigerators and Freezers in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Biomedical Refrigerators and Freezers market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Thermo Fisher Scientific
  
•   Helmer Scientific
  
•   Eppendorf AG.
  
•   Haier
  
•   VWR International, LLC,
  
•   BioMedical Solutions, Inc.
  
•   Arctiko, Philipp Kirsch GmbH
  
•   PHC Holdings Corporation
  
•   EVERMED s.r.l.
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Biomedical Refrigerators and Freezers Market Report Scope