Global Biomedical Refrigerators And Freezers Market by Region, Product, Application and Forecast To 2024

Market Study Report adds global Biomedical Refrigerators And Freezers market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.

Biomedical Refrigerators And Freezers Market size will likely surpass USD 3.4 billion by 2024; according to a new research report.

Growing prevalence of various chronic diseases, increasing geriatric population, and technological advancements in healthcare sector will accelerate biomedical refrigerators and freezers market size. Rise in number of blood banks coupled with increased government initiatives towards improving blood donation awareness should fuel industry growth. Furthermore, strong R&D spend across drug discovery, bio-banking and tissue engineering will stimulate business expansion.

Plasma freezers attributed for over 30% of biomedical refrigerators and freezers market share in 2015, owing to growing demand for fresh frozen plasma (FPP) and increasing number of apheresis procedures worldwide. Growing demand for blood transfusion and upgradation of blood banks with sophisticated refrigerators and freezers will drive plasma freezers market size.

Blood bank was valued at over USD 932 million, while hospital was the second-highest revenue generating segment with USD 543.2 million in 2015. Pharmacies and diagnostic centers should witness substantial growth over the forecast timeframe owing to their growing popularity and acceptance in developing economies.

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U.S. biomedical refrigerators and freezers market size was over USD 776 million in 2015, and anticipated to exceed USD 1 billion by 2024 owing to rising demand for precision medicine, growing incidence of chronic diseases and presence of favorable government policies.

Asia Pacific biomedical refrigerators and freezers market size was over USD 462 million in 2015 and is anticipated to be a major revenue generating region owing favorable regulatory scenario and expected developments in pharmaceutical and biotechnology sector.

Growing awareness regarding emission of harmful greenhouse gases from conventional refrigerators and stringent regulation standards will urge companies to design greener products. Presence of several local players offering cheaper products, and growing trend of using refurbished equipment due to its cost effectiveness will hamper biomedical refrigerators and freezers market share.

Key industry participants include Eppendorf, Aegis Scientific, Haier Biomedical, Philipp Kirsch, Leibherr, Helmer Scientific, Thermo Fisher Scientific, Panasonic Healthcare, and Terumo Corporation. Strong industry competition exists due to introduction of technologically advanced and innovative products and companies strive to retain their market position by developing more eco-friendly refrigerators and freezers.

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Key insights from the report include:

Global Biomedical refrigerator and freezer market will reach to USD 3.49 billion by 2024 growing at 4.0% CAGR from 2016 to 2024, due to increasing number of blood banks, research laboratories, diagnostic centers, hospitals and educational institutes.

Germany biomedical refrigerators and freezers market size was USD 177.7 million in 2015 with robust growth of 3.2% over the forecast period, owing to presence of leading industry participants in this region and increasing adoption of technologically advanced products.

China biomedical refrigerators and freezers market share was over 35% in 2015 and it is expected to continue and surpass USD 259 million by 2024.

Brazil biomedical refrigerators and freezers market size was over USD 68 million in 2015 contributing to over 52% of regional share and anticipated to exceed USD 107 million by 2024.

South Africa biomedical refrigerators and freezers market size was over USD 28 million in 2015 growing at a robust 4.2% over the forecast period to reach USD 42.3 million in 2024.

Saudi Arabia biomedical refrigerators and freezers market size was over USD 39 million in 2015, growing at 3.8% from 2016 to 2024.

Key industry participants are focusing on development of eco-friendly, technologically advanced and innovative biomedical refrigerators and freezers compliant to industry emission standards.

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iomedical refrigerators and freezers market research report includes in-depth coverage of the industry with estimates &forecast in terms of revenue in USD million from 2012 to 2024, for the following segments:

Biomedical Refrigerator and Freezer Market Product Analysis (Revenue, USD Million, 2012 - 2024)

Plasma Freezers

Blood Bank Refrigerators

Lab Refrigerators

Lab Freezers

Ultra Low Temperature Freezers

Shock Freezers

Biomedical Refrigerator and Freezer Market End Use Analysis (Revenue, USD Million, 2012 - 2024)

Blood Banks

Pharmacies

Hospitals

Research Labs

Diagnostic Centers

Others

Report Content

Chapter 1.  Methodology and Scope

1.1  Research Methodology

1.1.1  Initial data exploration

1.1.2  Statistical modeling and forecast

1.1.3  Industry insights and validation

1.1.4  Research scope & assumptions

1.2   Data Sources

1.2.1  Primary

1.2.2  Secondary

Chapter 2.  Executive Summary

2.1  Biomedical refrigerators and freezers industry 360 degree synopsis, 2012 - 2024

2.1.1  Business trends

2.1.2  Product trends

2.1.3  End User trends

2.1.4  Regional trends

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