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Major Growth Expected in Biomedical Refrigerators and Freezers Market | Key Company Profiled - Eppendorf, Arctiko, Liebherr-International, Panasonic Healthcare Corporation of North America, Thermo Fisher Scientific, Helmer Scientific, Haier Biomedical, Ae

02-26-2019 01:03 PM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Biomedical Refrigerators and Freezers Market

Biomedical Refrigerators and Freezers Market

U.S. biomedical refrigerators and freezers market size accounted for USD 1.0 million in 2018 and will witness similar growth over the analysis period. Increasing prevalence of chronic diseases such as cancer, cardiac disease and respiratory disease increases the demand for personalized medicines. should further drive regional business growth. Furthermore, favorable government initiatives in the region coupled with advancements in technology and presence of well-developed healthcare infrastructure will prove beneficial for the regional business growth.

UK biomedical refrigerators and freezers market is estimated to witness significant CAGR of 3.5% during the coming years. The growth is attributable to rising geriatric population prone to several chronic diseases leading to increasing demand for surgical procedures thereby escalating the industry growth. Moreover, focus of industry players on R&D activities to enable modifications in the biomedical refrigerators and freezers to sustain competition will stimulate business growth.

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Prominent industry players operating in the biomedical refrigerators and freezers market include Eppendorf, Arctiko, Liebherr-International, Panasonic Healthcare Corporation of North America, Thermo Fisher Scientific, Helmer Scientific, Haier Biomedical, Aegis Scientific, Azbil, Binder, Follett, Powers Scientific, Migali Scientific and B Medical Systems. Industry players focus on certain strategic initiatives such as innovative product launch, acquisitions and mergers that help them in capitalizing on market opportunities. For instance, in August 2016, B Medical Systems entered into distribution agreement with Terumo BCT, a global leader in apheresis and cellular technologies. Through this agreement, Terumo BCT was appointed as an exclusive distributor for B Medical Systems products for the U.S. region. The strategy enabled company to expand its business in the U.S. and Canada region.

Blood banks segment is estimated to show lucrative CAGR of 4.5% over the forecast timeline due to surge in demand for blood and blood components. Increasing number of accident cases; demand large amounts of blood supply thus augmenting the blood banks segmental growth. Growing adoption of biomedical refrigerators and freezers for storage of blood at optimal conditions in blood banks thereby will escalate segmental growth.

Biomedical Refrigerators And Freezers Market size is set to exceed USD 3.5 billion by 2025; according to a new research report by Global Market Insights.

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Extended use of biomedical refrigerators in the process of drug discovery is one of the major factor driving the biomedical refrigerators and freezers market growth in the coming years. Development of new drug and its introduction into the market is a lengthy procedure involving numerous clinical trials and studies. Biomedical refrigerators and freezers play a significant role in storage and protecting these drugs, and sensitive ingredients for continuity of research. Growing disease burden and rising demand for advanced treatment will positively influence biomedical refrigerators and freezers industry growth over the forthcoming years.

Furthermore, high demand for organ transplant, blood transfusions, biopharmaceuticals and cellular therapies will favor industry growth. Rise in number of blood banks, research laboratories, hospitals, diagnostic centers and educational institutes should further escalate the adoption of biomedical refrigerators and freezers thereby boosting business growth. However, high cost of equipment coupled with growing use of refurbished equipment may hinder biomedical refrigerators and freezers business growth during the analysis period.

Plasma freezers segment held the largest revenue share of 31.0% owing to substantial wide-ranging applications of plasma and its products. Faster cooling and storage benefits offered by plasma freezers will propel segmental growth over the forecast timeframe. Moreover, increasing demand for this equipment in the clinical laboratories should augment business growth.

Report Content

Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary

Chapter 2. Executive Summary
2.1. Biomedical refrigerators and freezers industry 3600 synopsis, 2014 - 2025
2.1.1. Business trends
2.1.2. Product trends
2.1.3. End-use trends
2.1.4. Regional trends

Chapter 3. Biomedical Refrigerators and Freezers Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2025
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Rising government support for research activities and clinical trials in emerging economies
3.3.1.2. Technological advancements in biomedical refrigerators and freezers
3.3.1.3. Increasing geriatric population in developed economies
3.3.1.4. Advances increasing demand for biopharmaceuticals and organ transplantation globally
3.3.2. Industry pitfalls and challenges
3.3.2.1. High cost coupled with growing use of refurbished equipment
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By end-use
3.5. Porter’s analysis
3.6. Competitive landscape, 2017
3.6.1. Strategy dashboard
3.7. PESTEL analysis

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.

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

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