openPR Logo
Press release

Biomedical Refrigerators and Freezers Market Share Growth Size Trends Report With Aegis Scientific, Arctiko A/S, Azbil Corporation, Binder Biomedical, Inc., B Medical Systems, Eppendorf Group

03-04-2019 12:07 AM CET | Health & Medicine

Press release from: Global Market Insights, Inc

U.S. Biomedical Refrigerators and Freezers Market Size, By Product, 2018 & 2025 (USD Million)

U.S. Biomedical Refrigerators and Freezers Market Size, By Product, 2018 & 2025 (USD Million)

Biomedical Refrigerators and Freezers Market size was valued at USD 2.7 billion in 2018 and is expected to witness 4.2% CAGR from 2019 to 2025.

Technological advancements in medical grade freezers and refrigerators will drive the biomedical refrigerators and freezers market growth during the forecast period. Government support for development of innovative products will further accelerate the business growth. For instance, European Commission’s Medical Device Directive has employed certain requirements and regulations for the biomedical freezers and refrigerators to safeguard storage of blood and blood components. Growing demand for biomedical refrigerators amongst the research labs and pharmaceutical companies operating in drug discovery process will foster biomedical refrigerators and freezers market size over the forecast period.

Growing prevalence of chronic diseases such as cancer, cardiac diseases and infectious diseases leading to surge in demand for blood transfusion is another key factor that will boost the biomedical refrigerators and freezers industry growth. According to the European Society of Hemapheresis (ESFH), high preference towards plasmapheresis, generally adopted apheresis technique, will raise installation of plasma freezers in hospitals, blood banks and research organizations for storage of fresh frozen plasma, RBCs and other blood components. Moreover, increasing awareness regarding blood donation as well as government initiatives to encourage donation will favor business growth. However, high cost of medical grade refrigerators and freezers as well as growing preference towards refurbished equipment may impede industry growth during the analysis period.

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

Plasma freezers segment accounted for USD 859.8 million in 2018 and is anticipated to have significant growth during the forecast timeframe. According to European Society of Hemapheresis (ESFH), the plasmapheresis is most frequently performed apheresis technique, and hence will raise plasma freezers installation in hospitals, blood banks and research organizations for storage of fresh frozen plasma (FFP). Moreover, increasing prevalence of cancer in developed as well as developing countries will positively influence segmental growth.

Shock freezers or blast freezers segment held considerable revenue share in 2018 and is anticipated to witness 4.7% CAGR during the forecast period. Shock freezers rapidly reduce the temperature of biological samples to below -30°C that help in preservation of samples at optimal temperature. Increasing adoption of plasma freezers for fast freezing of blood plasma, pharmaceutical and biological preparations will foster segmental growth over the analysis timeframe.

Blood banks segment accounted for more than 38% revenue share in 2018 attributed to increasing number of blood banks in developed and developing economies. Numerous government initiatives for spreading awareness about blood donation has increased the usage of biomedical refrigerators and freezers. Need for reliable blood cold chain for maintaining donated blood, blood storage during donor sessions and transportation of blood samples to laboratory will upsurge segmental growth.

Browse Full Report Details @ https://www.gminsights.com/industry-analysis/biomedical-refrigerators-and-freezers-market

Research labs segment is projected to show 4.8% CAGR over the analysis period. Laboratories require freezers and refrigerators along with analyzers and other equipment for operating and meeting regulatory requirements. Most clinical labs use medical-grade refrigeration to ensure the integrity of sensitive samples, blood and blood products, reagents, controls, vaccines and other patient specimens. Increasing demand for reliable and sensitive temperature control mechanisms in research labs to maintain and control uniform temperature will further drive the segmental growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

 Aegis Scientific
 Arctiko A/S
 Azbil Corporation
 Binder Biomedical, Inc.
 B Medical Systems
 Eppendorf Group

North America biomedical refrigerators and freezers market dominated the global market with USD 1.2 billion in 2018 and is anticipated to show similar trend over the forthcoming years. High regional growth is attributed to increasing prevalence of chronic and infectious diseases, growing demand for personalized medicines and favorable government initiatives should drive business growth. Moreover, favorable reimbursement policies developed by medical insurance providing companies such as Medicare and Medicaid help to minimize affordability issues faced by geriatric population. Aforementioned factors should flourish the regional revenue growth over the coming years.

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

Asia Pacific biomedical refrigerators and freezers market will witness lucrative CAGR of 5.4% over the forecast period due to rising R&D expenditure, developments in pharmaceutical and biotechnology sectors. Moreover, expansion strategies adopted by leading biomedical refrigerators and freezers market players will further foster industry growth. Advances in clinical applications, patient blood management and cellular therapies management have created potential growth opportunities for biomedical refrigerators and freezers market.

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
Web: https://www.gminsights.com
Blog: http://solutionrocket.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Biomedical Refrigerators and Freezers Market Share Growth Size Trends Report With Aegis Scientific, Arctiko A/S, Azbil Corporation, Binder Biomedical, Inc., B Medical Systems, Eppendorf Group here

News-ID: 1628026 • Views: 616

More Releases from Global Market Insights, Inc

Refractories Market 2020 by top key players Saint-Gobain, Morgan Advanced Materi …
Global Refractories Market size was estimated at USD 30 billion in 2018 and is projected to surpass USD 41 billion by the year 2025. Refractories market is classified into monolithic, brick & shapes and others. Other refractories products is expected to gain close to 3% by 2025. Other refractory products include ceramic fibers and refractories raw materials used for manufacturing refractories inhouse. Ceramic fibers are lightweight, has high temperature stability and
Offshore Crane Market Trends 2020 By Industry Players Liebherr Group, National O …
The size of the overall Offshore Crane Market was recorded at USD 2.5 billion in the year 2018 and is now projected to surpass around USD 5 billion by 2026. The ongoing exploration of new offshore oil & gas fields will surge the demand for offshore cranes. The growing demand for maintenance & repair of oil & gas extraction systems will drive the offshore crane market growth. The equipment is primarily
Assisted Reproductive Technology Market Top Players | Cooper Surgical Inc., Cook …
Assisted Reproductive Technology Market will reach over USD 32.5 billion by 2024; as per a new research report. Increasing number of people suffering from infertility issues coupled with rising awareness about assisted reproductive technology (ART) will drive ART market over the forecast timeframe. Furthermore, changing social factors and rising disposable income should positively impact industry expansion. Procedures such as in-vitro fertilization are offered at low cost in developing countries such as
What's driving the Lithopone Market growth? | Leading Key Players Titanos, Langf …
A report by DecResearch estimates that the lithopone market size will be valued at over $235 million by 2025. Rapid global urbanization has given rise to a thriving construction industry which is a significant contributor to the lithopone market growth. The strong reducing power and chemically inert nature of lithopone has led to its extensive application across numerous industries including paints & coatings, paper& pulp, rubber, leather, plastics and linoleum

All 5 Releases


More Releases for USD

$100,000,000 USD job contract for travel - $3,000,000 USD referral commission.
Khoja Consultants invites applications for companies, teams or venture capitalists for a $100,000,000 USD job contract for travel. The selected company will be providing all accommodations and expenses for a 6-month long business trip around the world. Khoja Consultants expects five-star treatment including close security with private planes, hotels, secured vehicles and helicopters if necessary. More details on the job contract and application are provided at - www.KhojaConsultants.com. There
Polyurethane Dispersions Market worth USD 2.04 Billion USD by 2020
The report " Polyurethane Dispersions Market by Type (Water-Based Polyurethane Dispersions and Solvent-Based Polyurethane Dispersions), by Application (Coatings, Adhesives & Sealants, Synthetic Leather Production, Fiber Glass Sizing, and Others) - Trends & Forecasts to 2020", The global polyurethane dispersions market is projected to reach USD 2.04 Billion by 2020 at a CAGR of 6.8% between 2015 and 2020. This growth is fueled by the high potential from the textile and
Retail Analytics Market worth USD 5.1 Billion USD by 2020
According to a new market research report "Retail Analytics Market by Business Function (Marketing and Customer Analytics, Merchandizing and In-Store Analytics, Supply Chain Analytics, Strategy and Planning), by Type, by Solutions and by Services - Global Forecast and Analysis to 2020", defines and segments the global retail analytics market on the basis of business function, solutions, services, deployment types, and regions along with providing an in-depth analysis and market size
Nanomedicine Market USD 170 Billion by 2020
The global nanomedicine market is estimated to reach USD 170 Billion in 2020, growing at a CAGR of 8.9% from 2016 to 2020, according to a market research report Nanomedicine Market 2013-2020, published by iHealthcareAnalyst, Inc. Visit the Nanomedicine Market 2013-2020 report at https://www.ihealthcareanalyst.com/report/nanomedicine-market/ Nanomedicine is the medical application of nanotechnology that ranges from the medical applications of nanomaterials and biological devices, to nanoelectronic biosensors, and even possible future applications of
Orthobiologics Market USD 5.8 Billion by 2020
Orthobiologics Market 2013-2020 report estimates the global orthobiologics market to reach nearly USD 5.8 Billion in 2020, at a CAGR of 6.2% from 2016 to 2020 - iHealthcareAnalyst, Inc. Visit the Orthobiologics Market 2013-2020 report https://www.ihealthcareanalyst.com/report/orthobiologics-market/ The global orthobiologics market report provides market size (Revenue USD Million 2013 to 2020), market share and forecasts growth trends (CAGR%, 2016 to 2020). The global orthobiologics market segmentation is based on product types (allograft, bone
Spectrometry Market USD 18.9 Billion by 2020
Spectrometry Market 2013-2020 report estimates the global spectrometry market to reach nearly USD 18.9 Billion in 2020, at a CAGR of 6.6% from 2016 to 2020 - iHealthcareAnalyst, Inc. Visit the Spectrometry Market 2013-2020 report https://www.ihealthcareanalyst.com/report/spectrometry-market/ The global spectrometry market report provides market size (Revenue USD Million 2013 to 2020), market share, market trends and forecasts growth trends (CAGR%, 2016 to 2020). Spectrometry is a technique used for determination of compounds by