Biomedical Refrigerators and Freezers Market: Hospitals to Generate Significant Revenues Throughout 2022

As the need to store biomedical products in the pharmaceutical and healthcare industry persists, adoption of biomedical refrigerator and freezers is likely to remain high globally. Biomedical products such as vaccines, blood products, DNA samples, reagents, and chemicals are required to be stored in a particular temperature condition. In order to avoid degradation of products, the end-use industries are increasingly adopting biomedical refrigerators globally. Through product innovation and differentiation strategies, leading companies are focusing on gaining a competitive edge.

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With the growing advancements in technology, the leading manufacturers are concentrating on incorporating innovative solutions in the biomedical refrigerators and freezers. These refrigerators and freezers will continue to witness significant demand in the educational, research, and healthcare institutions. Growing need to store biomedical products in accurate and exact conditions has the leading manufacturers to develop application-specific refrigerators.

More than US$ 4,000 Mn Opportunity in Global Biomedical Refrigerators and Freezers Market

According to Fact.MR, the global biomedical refrigerators and freezers market is expected to reach a value of over US$ 4,000 Mn by 2022-end. Prevalence of various diseases has led to surge in demand for biomedical products in the pharmaceutical and healthcare industry. Exposure to extreme temperature conditions can degrade the quality and effectiveness of the biomedical products such as vaccines. Growing need to store the biomedical products in accurate and exact temperature conditions has led the leading manufacturers to focus on incorporating advanced technological features in the biomedical refrigerators. Leading manufacturers are focusing on integrating innovative components such as digital LED microprocessors that allows the end users to monitor and control the temperature inside the refrigerators. In addition, manufacturers are also incorporating temperature sensors and alarms in the biomedical refrigerators, which enables the end users to store the temperature sensitive samples safely in the healthcare institutions and research labs.

With the increasing investment in research and development activities, adoption of the biomedical refrigerators is likely to increase in research institutions. In order to develop innovative techniques, the researchers need to store temperature sensitive products. Growing need to store biomedical products in the research institutions will continue to fuel adoption of the biomedical refrigerators in the global market.

As blood derivatives are required to be stored safely in a particular temperature condition, adoption of the plazma freezers is expected to increase globally. In terms of revenue, plazma freezers will continue to represent the highest growth in the global market by the end of 2022. However, cryogenic storage systems is expected to witness the fastest growth in the global market throughout 2022.

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Sales of the biomedical refrigerators will continue to remain high in the hospitals. In terms of revenue, hospitals is expected to record a significant growth in the global market by the end of 2017. On the other hand, research laboratories will continue to witness the fastest growth throughout 2022.

Major market players in the global market are Thermofisher Scientific Inc., Terumo Corporation, Philips Kirsch GmbH, Panasonic Healthcare Co., Ltd., Liebherr International AG, LabRepco Inc., Helmer Inc., Gram Commercial SAS, Froilabo SAS, Eppendorf AG, Desmon S.p.A, Coldway SA, Bionics Scientific Technologies Co., Ltd., Biomedical Solutions Inc., Binder GmbH, Arctiko A/S, and Aegis Scientific, Inc.

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