12-12-2017 10:07 AM CET - Health & Medicine
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Global Biomedical Refrigerators and Freezers Market: Segment Highlights and Table of Content (2016 – 2024)

Press release from: transpar

Green Technology to Act as Transformational Trend in Global Biomedical Refrigerators and Freezers Market.

The global market for biomedical refrigerators and freezers held an opportunity of US$2.91 bn in 2015. The market is expected to expand at a 4.21% CAGR over the period between 2016 and 2024, and rise to a valuation of US$4.28 bn by 2024.

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The Global Biomedical Refrigerators and Freezers Market is segmented on the basis of expression system, product type, Geography, end user and region.

In terms of product types, the segment of plasma freezers presently dominates the global biomedical refrigerators and freezers market. The segment accounted for a share of over 28% in the global market in 2015 and is expected to retain dominance over the forecasting horizon as well, majorly owing to the rising demand for storage of fresh frozen plasma. In terms of application, the market is expected to see the highest revenue flowing in from the blood bank industry in the next few years. The market for biomedical refrigerators and freezers is expected to expand at the fastest rate in Asia Pacific through 2024, although North America will continue to account for a larger share in the market in terms of revenue contribution.

From a geographical standpoint, the report covers the market for biomedical refrigerators and freezers across six regional territories: North America, Asia Pacific, Middle East & North Africa, Europe, Latin America, and Rest of the World (RoW). Of these, North America holds a prominent position in the global market, holding a massive 52% share in 2015. Factors such as an excellent healthcare infrastructure, high disposable incomes of the population, and the rising prevalence of cancers and other chronic conditions that require surgical interventions are expected to help the region remain at the top spot through the forecast period as well.

However, the market in Asia Pacific is expected to prove to be the most lucrative owing to increased investments from government and private bodies towards the improvement of healthcare infrastructure, rising disposable incomes, a vast patient pool of chronic conditions, and the rising population of geriatrics. The Asia Pacific market is expected to exhibit a CAGR of 5.84% over the forecast period and account for an 18% of the global market by the end of the forecast period.

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Summary of Table of Content

Preface

Executive Summary

Global Biomedical Refrigerators and Freezers Industry Analysis

Global Biomedical Refrigerators and Freezers Market Revenue, by Product Type, (US$ Mn), 2014–2024

Global Biomedical Refrigerators and Freezers Market Revenue, by End-user, (US$ Mn), 2014–2024

Global Biomedical Refrigerators and Freezers Market, by Geography, (US$ Mn), 2014–2024

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