Fact.MR – A Market Research and Competitive Intelligence Provider: As per a comprehensive study by Fact.MR, the global biomedical refrigerators and freezers market is anticipated to exceed US$ 6 Bn by 2031.
Demand for Plasma Biomedical Refrigerators and Freezers to Grow by 1.7X through 2031
Fact.MR’s recent survey provides insights into crucial micro and macro-economic indicators accelerating the growth in the biomedical refrigerators and freezers market. It uncovers critical trends across various segments in terms of product and end user and also provides refined sales projection across these segments for the assessment period.
Fact.MR – A Market Research and Competitive Intelligence Provider: As per a comprehensive study by Fact.MR, the global biomedical refrigerators and freezers market is anticipated to exceed US$ 6 Bn by 2031. Rising demand for biomedical refrigerators and freezers from research laboratories, hospitals, diagnostic centers, and educational institutions is augmenting the growth in the market.
Biomedical refrigerators and freezers play a vital role in storing and safeguarding biological products, DNA samples, vaccines, and other chemicals while transportation. Thus, surging demand for aforementioned products, owing to the rising prevalence of various diseases across the world is expected to drive the market.
On account of this, sales of biomedical refrigerators and freezers are projected to expand a CAGR of 6% over the forecast period 2021-2031.
With increasing blood donations across the globe to meet the surging demand for blood and blood components, need for biomedical refrigerators and freezers is expected to surge. For instance, as per the America Red Cross, around 13.6 million units of whole blood and red blood cells are collected across the U.S. every year through blood donation camps.
Hence, increasing emphasis on developing better blood storage infrastructure in blood banks is estimated to create lucrative sales opportunities in the market.
In terms of product type, the plasma freezers segment is anticipated to hold the largest share in the market, accounting for nearly 40% of the sales through 2031.
Introduction of novel plasma freezers that eliminates uneven temperature distribution, reduce energy usage, and avoid crystallization is estimated to increase the sales by 1.7X over the forecast period.
“Rising government scrutiny in implementation of quality management of bio-specimen to reduce the wastage of blood, vaccines, and others across research laboratories and bio-banks is expected to bode well for the growth in the market,” says a Fact.MR analyst.
Request a report sample to gain comprehensive insights at
https://www.factmr.com/connectus/sample?flag=S&rep_id=343
Key Takeaways from the Biomedical Refrigerators and Freezers Market Study
- The U.S. is projected to register the fastest growth in the North America market, expanding by 1.6X during the assessment period.
- China is estimated to account for a significant share in the global market, owing to high demand for laboratory refrigerators from research centers, hospitals, and educational institutes.
- South Korea is estimated to emerge as a highly remunerative market in East Asia, creating an absolute dollar opportunity of US$ 600 Mn through 2031.
- Russia biomedical refrigerators and freezers market is forecast to register swift growth, expanding at a CAGR of 3% between 2021 and 2031.
- In terms of product type, blood bank refrigerators segment is expected to hold the second-largest revenue share, projecting sales at 4% CAGR over the forecast period.
Key Drivers
- Increasing number of blood transfusions and widespread use of DNA-based drugs in the countries such as China, South Korea, and Japan is propelling the demand for biomedical refrigerators and freezers in the East Asia market.
- Growing demand for effective storing solutions for blood plasma, cryoprecipitate, platelet concentrates, and whole blood is increasing the sales of biomedical refrigerators and freezers across the blood bank segment.
Key Restraints
- High cost of medical-grade freezers and refrigerators is hindering sales across small hospitals, clinics, and startups.
- Rising inclination towards adopting reconditioned freezer equipment owing to its lower cost is hampering the growth in the market.
Request Customization at
https://www.factmr.com/connectus/sample?flag=RC&rep_id=343
Competitive Landscape
As per Fact.MR, the top 5 companies operating in the global market are Aegis Scientific Inc., Arctiko A/S, Binder GmbH, Biomedical Solutions Inc., and Bionics Scientific Technologies Co. Ltd.
Key companies in the market are focusing on research and development (R&D) to introduce novel products to gain competitive edge. Some of the other manufactures are aiming at adopting strategies such as collaboration, merger, and acquisition of expand their product portfolio. For instance,
- In April 2018, PHC Biomend, a global leader in offering laboratory equipment, announced introducing a new range of ultra-low temperature biomedical freezers with a twinguard technology - MDF-MU339, MDF-MU539D, and MDF-MU539. These new product launches will assist the company to expand its product portfolio and increase market share.
Some of the key players in the market profiled by Fact.MR are:
- 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.
More Valuable Insights on Biomedical Refrigerators and Freezers Market
Fact.MR, in its new report, offers a detailed analysis on the global biomedical refrigerators and freezers market, analyzing forecast statistics for the assessment period 2021-2031. The study reveals growth projections in biomedical refrigerators and freezers market with detailed segmentation:
·By Product
- Plasma Freezers
- Blood Bank Refrigerators
- Ultra-Low Temperature Freezers
- Shock freezers
- Pharmacy Refrigerators
- Medical Refrigerators
- Laboratory Refrigerators
- Cryogenic Storage Systems
·By End User
- Hospitals
- Research Laboratories
- Pharmacies
- Diagnostic Centers
- Blood Banks
Key Questions Covered in the Biomedical Refrigerators and Freezers Market Report
- The market survey also highlights projected sales growth of the biomedical refrigerators and freezers market between 2021 and 2031
- The report offers insight into biomedical refrigerators and freezers demand outlook for 2021-2031
- Biomedical refrigerators and freezers market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
- Biomedical refrigerators and freezers market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
Explore Fact.MR’s Coverage on the Healthcare Domain –
Undercounter Refrigerators Market- Undercounter refrigerators are in high demand because to rising need for blood transfusions, organ transplants, cellular therapies, and the production of custom-made vaccinations. Furthermore, rising research in the fields of stem cells and medical science is projected to boost undercounter refrigerator acceptance. As a result, rising research investments in the pharmaceutical, healthcare, and life science industries are likely to boost demand for undercounter refrigerators. Participants in the market are working on a variety of technologies to provide effective cooling for medicine, research samples, and blood and its components.
Blood Thawing System Market- Blood thawing systems of various capacities, such as 2 bags, 4 bags, and others, have seen a major increase in demand in recent years. Furthermore, the expansion of industry participants was fueled by an increase in research and development activities across a variety of end-use sectors, including diagnostic laboratories, blood transfusion facilities, and others. Sales of blood thawing systems are projected to increase. The industry value for blood thawing systems is anticipated to rise due to increased demand from major end-use sectors and a flurry of inventions by prominent manufacturers.
About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to chemical and materials, technology to even the most niche categories. 80% of Fortune 1000's trust us in critical decision making.
MarketNgage is powered by Fact.MR – our Unified Intelligence Engine, a revolutionary Market Research Subscription platform with a flexible pricing to suit your needs.
You can access all our chemical and materials research reports by signing up with MarketNgage’s Market Research Subscription with FREE credits. MarketNgage is powered by Fact.MR – A Fully integrated research solution for seamless single-window access Widest coverage on emerging markets, nascent products, and disruptive technologies.
Contact:
Mahendra Singh
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com
Source: Fact.MR