Overview:

The global biomedical refrigerators and freezers market is valued for more than US$ XX Bn in 2019 and expected to reach a value of US$ XX Bn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Biomedical refrigerators and freezers are medical equipment mainly used to store biological samples such as biological reagents, blood derivatives, blood, ribonucleic acid (RNA), deoxyribonucleic acid (DNA), vaccines, medicines, and flammable chemicals.

Market Dynamics:

Recent technological advancements in biomedical refrigerators and freezers is a major factor for growth of the global market. Also, rising need of storing biological samples for testing or treatment of chronic diseases such as cardiovascular diseases and growing number of organ transplant treatment is augmenting growth of the target market.

Moreover, increase in investment in healthcare sector for research and development is also boosting global market growth. Moreover, growing demand of biomedical refrigerators and freezers in research facilities and pathology labs is boosting the growth of global market.

Key Trends:

Growing merger and acquisition activity among key players for development of new products and to increase their reach in different countries is a key trend observed in the target market. In addition, rising focus on product innovation by key players is another major trend identified in the target market. For instance, in 2017, Follett Corporation has expanded features of its medical grade refrigerators and freezers. These features include, advanced user interface, data recording, and electronic lock system.

Regional Analysis:

For detailed understanding of market dynamics, the global biomedical refrigerators and freezers market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America holds the major revenue share in the global market, owing to well-developed regulations and guidelines related with medical grade refrigerators and freezers.

In addition, rising chronic disease burden in emerging countries is expected to boost the growth of target market in the Asia Pacific region over the forecast period.

Scope of the Report:

Detailed Segmentation:

Global Biomedical Refrigerators and Freezers Market, By Product Type:

• Plasma Freezers
• Ultra-Low Temperature Freezers
• Blood Bank Refrigerators
• Lab Freezers
• Lab Refrigerators
• Shock Freezers

Global Biomedical Refrigerators and Freezers Market, By End User:

• Pharmacies
• Hospitals
• Diagnostic Centers
• Blood Banks and Research Labs

Key Players Covered:

Key players operating in the biomedical refrigerators and freezers market includes, Thermofisher Scientific Inc., Terumo BCT Inc., LabRepCo, Arctiko, Froilabo SAS, Haier Biomedical, Philips Kirsch GmbH, PHC Corporations, and Helmer Scientific Inc.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Biomedical Refrigerators and Freezers Market by solution, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global biomedical refrigerators and freezers market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.