Biomedical Refrigerators and Freezers Market Specifications, Analysis Forecast Upto 2026

Biomedical refrigerators and freezers are medical devices that are specifically used to store medical samples such as medicines, vaccines, flammable chemicals, enzymes, blood, and blood products. Biomedical refrigerators and freezers are used in hospitals, research laboratories, diagnostic centers, pharmacies, and blood banks etc. Unlike domestic refrigerators and freezers, biomedical refrigerators and freezers provide optimum conditions for storage of medical products.

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Based on the application in different fields, biomedical refrigerators and freezers are of different types. For example, ultra-low temperature (ULT) freezers are insulated cabinets that maintain temperatures ranging from -70?C to -80?C. These freezers are primarily used in research laboratories and biomedical engineering facilities. Furthermore, blood bank refrigerators are medical equipment primarily used in blood banks. They maintain temperatures that range between +1?C to +6?C. Transparency Market Research analyses the global biomedical refrigerators and freezers market in terms of value in US Mn.

The global biomedical refrigerator and freezer market is expected to reach around US$ 4712.7 Mn by 2026. The market is expected to grow in terms of volume sales with a CAGR of 4.5% during the period 2016-2026. The North America biomedical refrigerator and freezer market is expected to witness the highest market share, accounting for US$ 2,449.1 Mn in 2026. Increase in life science research activities as a result of various diseases has led to an increase in demand for biological sample storage equipment in North America.

Moreover, medical treatments such as organ transplant, cellular therapy etc. are major factors that have made the U.S. a prominent market. Rise in government initiatives toward research activities and clinical trials has resulted in boosting the biomedical refrigerators and freezers market globally. Government organizations such as the Engineering and Physical Sciences Research Council (EPSRC), the Medical Research Council (MRC), and the Biotechnology and Biological Sciences Research Council (BBSRC) are supporting research activities in these areas.

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These factors are likely to increase the usage of biomedical refrigerators and freezers in order to store research samples such as DNAs, RNAs, and biological molecules. Furthermore, aging is associated with a large number of diseases and disorders, and elderly individuals often take more time to recover from these ailments. The geriatric population is more prone to common health conditions such as diabetes, cancer, heart problems, nerve issues, and organ system failure. Therefore, increase in geriatric population is anticipated to drive the growth of the global biomedical refrigerator and freezer market.

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