Biomedical Refrigerators And Freezers Market forecast to reach $3.4bn by 2024

Biomedical Refrigerators And Freezers Market size is driven by rising prevalence of chronic infectious diseases, especially across geriatric population base, is increasing the demand for personalized drugs, and which in turn is providing lucrative business space for the overall industry. Biomedical refrigerators and freezers market is widening its horizon with the recent technological progressions in health care IT.

An exponential increase in the number of blood banks both across developing as well as developed nations have played a key role behind this industry’s substantial growth in past years. Another factor which is influencing the market dynamics is the growing regulatory norms regarding harmful GHG emissions control which is allowing the investors to redirect their focus from conventional refrigeration to a more ecofriendly refrigerating solution. According to Global Market Insights Inc., “Biomedical refrigerators and freezers market worth over USD 2.4 billion in 2015, is poised to exceed a revenue of USD 3.4 billion by 2024, growing at a CAGR of 4 % over the period of 2016-2024.”

Order This Report by calling Global Market Insights, Inc. at 1-888-689-0688 (Toll Free) or 1-302-846-7766.

The differentiating factor of Biomedical Refrigerators And Freezers report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook. Business focussed multiple trends for Biomedical Refrigerators And Freezers industry are discussed along with regional trends to offer an overall view of the market. The ‘industry insights’ chapter of this research provides the most comprehensive analysis of Biomedical Refrigerators And Freezers market covering segmentation, size, forecasts, ecosystem analysis and more. Industry impact forces (regional and global) that cover growth drivers and challenges, growth potential analysis, a strategy dashboard for competitive landscape of Biomedical Refrigerators And Freezers market support this sector specific data and information points.

Request for a sample of this research report - https://www.gminsights.com/request-sample/detail/822

The rising demand for blood transfusion and growth of advanced blood blanks has intensified the demand for plasma freezers across the globe. Of the key varieties of refrigerators and freezers used in the biomedical sector, the plasma freezer is likely to witness lucrative growth prospects, having collected revenue worth USD 774 million in 2015. Owing to the extensive use of the plasmapheresis technique across hospitals and blood banks will spur the adoption this product.

The global plasma freezers market is estimated to surpass USD 1073 million by 2024. Other product segments of biomedical refrigerators and freezers market include blood bank refrigerators, lab refrigerators, ultra-low temperature freezers, and shock freezers. Amongst these, blood bank refrigerators segment was worth USD 704 million in 2015, owing to its increasing deployment in medical, scientific, and research sectors.

The plasma freezers and blood bank refrigerator’s escalating installation across Latin America is providing lucrative business opportunities for the regional market to expand at a faster pace. Latin America biomedical refrigerators and freezers market is anticipated to generate a revenue of more than USD 200 million by 2024 with a projected annual growth rate of 4.9% over the period of 2016 -2024. Brazil covered more than 52% of the regional market share in 2015, and is slated to collect a revenue of USD 107 million by 2024. Moreover, surging investment in research activities will also favor biomedical refrigerators and freezers industry growth in this region.

Asia pacific biomedical refrigerators and freezers market will exhibit flourishing growth prospects over the years ahead, owing to growing investment in R&D activities, rising development across the biotechnology and pharmaceutical sectors.
Browse key industry insights spread across 145 pages with 79 market data tables & 6 figures & charts from the report Biomedical Refrigerators And Freezers Market, in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/biomedical-refrigerators-and-freezers-market

Blood banks in biomedical refrigerators and freezers market was the dominant application segment, occupying more than 38% of overall revenue share and collecting more than USD 932 million in 2015. Blood bank refrigerators are suitable for storing whole blood or blood component products and the application segment is predicted to register a CAGR of 4.3% over the period of 2016-2024.

Hospitals turned out to be the second highest revenue generator for the biomedical refrigerators and freezers market. In 2015, this segment was worth USD 543 million. Apart from these two applications, pharmacies and diagnostic centers due to their growing popularity will also witness a considerable growth over the coming seven years.

U.S. biomedical refrigerators and freezers industry size accounted for more than 73% of regional market share in 2015 and will collect significant revenue over the coming timeframe. The growth attributing factors are surging demand for personalized medicines and escalating occurrence of infectious and chronic diseases. In addition to this, supportive initiations taken by the government will also influence biomedical refrigerators and freezers industry size.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/822

Biomedical refrigerators and freezers industry in Europe will collect a revenue of USD 800 million by 2024, primarily driven by growing investment by prominent manufacturing companies. Germany and UK will contribute significantly toward the regional growth.

Biomedical refrigerators and freezers industry giants are shifting their focus on innovative technological advancement in the product to expand their global reach. The notable participants in biomedical refrigerators and freezers market include Eppendorf, Philipp Kirsch GmbH, Aegis Scientific, Helmer Scientific, Panasonic Healthcare, Haier Biomedical, Terumo Corporation, Leibherr Group, and Thermo Fisher Scientific.

Browse Related Reports:

Biopreservation Market Size By Product (Equipment, Media, Laboratory Information Management System), By Application (Regenerative Medicine, Biobanking, Drug Discovery), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, Japan, China, Brazil, Mexico, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

https://www.gminsights.com/industry-analysis/biopreservation-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com

This release was published on openPR.