The market report envelopes an all-in information of the global Biomedical Refrigerators and Freezers market and the nature of the market growth over the foreseeable period. The report provides a comprehensive elaboration of the positives and negatives of the global Biomedical Refrigerators and Freezers market with DROT and Porter’s Five Forces analysis. With SWOT analysis, the report offers detailed insights about different players operating within the Biomedical Refrigerators and Freezers market. In addition, the analysts of the report have served the qualitative and quantitative scrutinizing of different micro- and macro-economic factors influencing the global Biomedical Refrigerators and Freezers market.
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Growing prevalence of various diseases is projected to boost demand for vaccines in the healthcare institutions globally. In addition, increasing advancements in biobanking techniques is projected to impact the global market growth positively. Fact.MR states that the global market of biomedical refrigerators and freezers is projected to reflect a CAGR of 5.7% over the forecast period, 2017-2022.
Factors Fuelling the Global Market Growth
Growth of the global biomedical refrigerators and freezers market is mainly bound to various macro-economic and micro-economic factors. Prevalence of various disorders is projected to boost demand for vaccines in various healthcare institutions. Treatment of various diseases will also continue to boost demand for blood and derivatives of blood. Biomedical freezers and refrigerators is projected to witness significant demand in the research laboratories, blood banks, educational institutions, hospitals and diagnostic centers. Surge in demand for storage of biomedical samples will continue to fuel adoption of biomedical refrigerator and freezers globally.
Vaccination management is becoming a major concern in various healthcare and research institutions. Growing need for storing biomedical samples at exact and accurate temperature will further fuel adoption of biomedical freezers and refrigerators globally. Moreover, growth of the cell therapy has significantly revved up production of medicines, custom-made vaccine products and blood transfusion. Increasing demand for storage of the biomedical samples and products attributed to growing need for cell therapy is further projected to boost demand for biomedical freezers and refrigerators. These factors will continue to impact growth of the global market of biomedical refrigerators and freezers throughout the forecast period.
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Sales to Remain High Through Hospitals
As the requirement for storing blood and blood derivatives arise, demand for the plazma freezers is projected to increase globally. In terms of revenue, the plazma freezers product type segment is projected to represent the highest growth, representing more than US$ 400 Mn by 2022-end. In contrary, the cryogenic storage systems product type segment is projected to reflect a significant CAGR throughout the forecast period.
By 2022-end, the hospitals end user segment is projected to represent a robust revenue growth, accounting for more than US$ 300 Mn by 2017-end. On the other hand, the research laboratories end user segment is projected to reflect a healthy CAGR over the forecast period.
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Major players in the global market of biomedical refrigerators and freezers are Arctiko A/S, Aegis Scientific, Inc., Biomedical Solutions Inc., Binder GmbH, Coldway SA, Bionics Scientific Technologies Co., Ltd., Eppendorf AG, Desmon S.p.A, Gram Commercial SAS, Froilabo SAS, Liebherr International AG, LabRepco Inc., Philips Kirsch GmbH, Panasonic Healthcare Co., Ltd., Thermofisher Scientific Inc. and Terumo Corporation.
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