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Global Biomedical Refrigerators And Freezers Market by End-User (Pharmacies, Blood Banks, Diagnostic Centers, Hospitals, Research Laboratories), by Type (Plasma, Ultra Low Temperature Freezers, Laboratory/ Pharmacy / Medical Refrigerators, Laboratory/ Pharmacy / Medical Freezers, Shock, Blood Bank Refrigerators) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: MD-74801
  • Author: Up Market Research
  • Rating: 4.7
  • Total Reviews: 96
  • No. Of Pages: 232
  • Format:
  • Pub. Date: 2021-10-21
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The market is expected to grow due to increased demand for vaccines and storage of DNA samples.

Global biomedical refrigerators & freezers market was valued in 2015 at USD 2.85 million and is forecast to grow at a CAGR 4.9% during the forecast period. The growing number of chronic diseases and the rising demand for storage of biological products, blood samples, vaccines, DNA samples, and other chemicals are key factors driving this growth. The usage rate is also affected by the need for thermal insulation and to prevent product degradation.

There are many options for biomedical freezers to meet your specific needs. The plasma once is used to store blood products and plasma products between -30 and 40 degrees Celsius, while the ultra-low temperature freezers can be used to long-term storage of DNA and other RNA samples at 70 to 80 degrees Celsius.

According to the American Society of Health System Pharmacists' estimates, hospitals spend between 70-75% of their budgets on their pharmacy department. According to the Institutes for Safety Medication Practices (ISMP), more than 20% of healthcare professionals have reported adverse patient reactions due to poor storage and inventory management practices.

A positive trend in the market is the increasing support of government and industry players to provide technical assistance and financial aid in improving healthcare infrastructure.

The largest market share for biomedical refrigerators was held by plasma freezers in 2015.

According to product type, there are four segments in the market: blood bank refrigerators; shock, plasma; ultra-low temperature freezes; laboratory/pharmacy fridges and freezers. The largest share was over 28% in 2015. This is due to rising demand for plasma storage.

With a CAGR close to 5.4%, the laboratory/pharmacy freezers segment is expected to be the fastest-growing. The profitability and efficiency of pharmacies and laboratories is directly affected by the high level of wastage of vaccines and laboratory chemicals due to poor storage conditions. The key to the segment's growth is also increased government scrutiny of implementation of quality management practices and GLP practices.

The majority of biomedical fridges and freezers sold in 2015 were purchased by blood banks

Unscientific inventory management practices are increasing the risk of blood transfusion mistakes. Stringent regulations regarding storage of blood components are key factors in the segment's growth. The U.S. Center for biologics evaluation & research (CBER), for example, actively regulates blood storage and collection. This is important because blood components can be used for transfusions or for manufacturing pharmaceutical products.

The fastest-growing category is expected to be the pharmacy sector over the forecast period. The growth is being driven by a rising number of adverse reactions, and a greater wastage of vaccines because of thermal shock.

North America held a greater share than 51% of the biomedical fridges and freezers market for 2015

North America had the highest share of 51% in 2015. This is due to the strict guidelines and high quality standards of the U.S. and the high investment in healthcare infrastructure and hospitals. The U.S. has a nearly 17.1% GDP dedicated to healthcare. It is important to improve patient care and reduce waste of biological and pharmaceutical components. A rising number of chronic diseases and an increase in the geriatric population are driving blood transfusions and prescription drug consumption. This is driving the increase in demand for biomedical fridges across all end uses.

The United States is the largest sector in North America and holds a large share. One factor that is increasing the pressure on traditional pharmaceutical systems is the rising prevalence of chronic diseases in both the elderly and children. The awareness regarding the presently available, technologically-advanced systems gaining prominence, and lack of low-cost skilled professionals are some of the crucial factors expected to boost the market.

Asia Pacific is expected to experience a significant growth rate during the forecast period. This region will account for over 18% of the global population by 2024. The high economic development of countries like India, China and Indonesia is a major factor in boosting healthcare infrastructure spending and medical services. The region is becoming a major destination for medical tourism. Both the government and the private sector are investing substantial resources to achieve the same high quality service standards as the west. The demand for blood components and pharmaceutical products is increasing due to the growing number of chronically ill patients.

There is a lot of competition in the biomedical freezers and refrigerators market.

The market's top players include Philipp Kirsch GmbH and Haier Biomedical. The market's key success factors are technological factors, product pricing and service quality, as well as the distribution network.

Up Market Research published a new report titled “Biomedical Refrigerators And Freezers Market research report which is segmented by End-User (Pharmacies, Blood Banks, Diagnostic Centers, Hospitals, Research Laboratories), by Type (Plasma, Ultra Low Temperature Freezers, Laboratory/ Pharmacy / Medical Refrigerators, Laboratory/ Pharmacy / Medical Freezers, Shock, Blood Bank Refrigerators), By Players/Companies Haier Biomedical, Panasonic Healthcare Co, Helmer Scientific and Eppendorf AG The key success factors in the the technological factors, product pricing, Thermo Fisher Scientific Inc, service quality and distribution network, Philipp Kirsch GmbH”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleBiomedical Refrigerators And Freezers Market Research Report
By End-UserPharmacies, Blood Banks, Diagnostic Centers, Hospitals, Research Laboratories
By TypePlasma, Ultra Low Temperature Freezers, Laboratory/ Pharmacy / Medical Refrigerators, Laboratory/ Pharmacy / Medical Freezers, Shock, Blood Bank Refrigerators
By CompaniesHaier Biomedical, Panasonic Healthcare Co, Helmer Scientific and Eppendorf AG The key success factors in the the technological factors, product pricing, Thermo Fisher Scientific Inc, service quality and distribution network, Philipp Kirsch GmbH
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages232
Number of Tables & Figures163
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Biomedical Refrigerators And Freezers Industry Outlook

Global Biomedical Refrigerators And Freezers Market Report Segments:

The market is segmented by End-User (Pharmacies, Blood Banks, Diagnostic Centers, Hospitals, Research Laboratories), by Type (Plasma, Ultra Low Temperature Freezers, Laboratory/ Pharmacy / Medical Refrigerators, Laboratory/ Pharmacy / Medical Freezers, Shock, Blood Bank Refrigerators).

Biomedical Refrigerators And Freezers Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Biomedical Refrigerators And Freezers Market

Overview of the regional outlook of the Biomedical Refrigerators And Freezers Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Biomedical Refrigerators And Freezers Market Overview

Highlights of The Biomedical Refrigerators And Freezers Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Biomedical Refrigerators And Freezers Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By End-User:

                1. Pharmacies

                2. Blood Banks

                3. Diagnostic Centers

                4. Hospitals

                5. Research Laboratories

        7. By Type:

                1. Plasma

                2. Ultra Low Temperature Freezers

                3. Laboratory/ Pharmacy / Medical Refrigerators

                4. Laboratory/ Pharmacy / Medical Freezers

                5. Shock

                6. Blood Bank Refrigerators

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Biomedical Refrigerators And Freezers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


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Biomedical Refrigerators And Freezers Market Trends

Reasons to Purchase the Biomedical Refrigerators And Freezers Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Biomedical Refrigerators And Freezers Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Biomedical Refrigerators And Freezers Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Biomedical Refrigerators And Freezers Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Biomedical Refrigerators And Freezers Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Biomedical Refrigerators And Freezers Market Size & Forecast, 2018-2028 
      4.5.1 Biomedical Refrigerators And Freezers Market Size and Y-o-Y Growth 
      4.5.2 Biomedical Refrigerators And Freezers Market Absolute $ Opportunity 


Chapter 5 Global Biomedical Refrigerators And Freezers Market Analysis and Forecast by End-User
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by End-User
      5.1.2 Basis Point Share (BPS) Analysis by End-User
      5.1.3 Absolute $ Opportunity Assessment by End-User
   5.2 Biomedical Refrigerators And Freezers Market Size Forecast by End-User
      5.2.1 Pharmacies
      5.2.2 Blood Banks
      5.2.3 Diagnostic Centers
      5.2.4 Hospitals
      5.2.5 Research Laboratories
   5.3 Market Attractiveness Analysis by End-User

Chapter 6 Global Biomedical Refrigerators And Freezers Market Analysis and Forecast by Type
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Type
      6.1.2 Basis Point Share (BPS) Analysis by Type
      6.1.3 Absolute $ Opportunity Assessment by Type
   6.2 Biomedical Refrigerators And Freezers Market Size Forecast by Type
      6.2.1 Plasma
      6.2.2 Ultra Low Temperature Freezers
      6.2.3 Laboratory/ Pharmacy / Medical Refrigerators
      6.2.4 Laboratory/ Pharmacy / Medical Freezers
      6.2.5 Shock
      6.2.6 Blood Bank Refrigerators
   6.3 Market Attractiveness Analysis by Type

Chapter 7 Global Biomedical Refrigerators And Freezers Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Biomedical Refrigerators And Freezers Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Biomedical Refrigerators And Freezers Analysis and Forecast
   9.1 Introduction
   9.2 North America Biomedical Refrigerators And Freezers Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Biomedical Refrigerators And Freezers Market Size Forecast by End-User
      9.6.1 Pharmacies
      9.6.2 Blood Banks
      9.6.3 Diagnostic Centers
      9.6.4 Hospitals
      9.6.5 Research Laboratories
   9.7 Basis Point Share (BPS) Analysis by End-User 
   9.8 Absolute $ Opportunity Assessment by End-User 
   9.9 Market Attractiveness Analysis by End-User
   9.10 North America Biomedical Refrigerators And Freezers Market Size Forecast by Type
      9.10.1 Plasma
      9.10.2 Ultra Low Temperature Freezers
      9.10.3 Laboratory/ Pharmacy / Medical Refrigerators
      9.10.4 Laboratory/ Pharmacy / Medical Freezers
      9.10.5 Shock
      9.10.6 Blood Bank Refrigerators
   9.11 Basis Point Share (BPS) Analysis by Type 
   9.12 Absolute $ Opportunity Assessment by Type 
   9.13 Market Attractiveness Analysis by Type

Chapter 10 Europe Biomedical Refrigerators And Freezers Analysis and Forecast
   10.1 Introduction
   10.2 Europe Biomedical Refrigerators And Freezers Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Biomedical Refrigerators And Freezers Market Size Forecast by End-User
      10.6.1 Pharmacies
      10.6.2 Blood Banks
      10.6.3 Diagnostic Centers
      10.6.4 Hospitals
      10.6.5 Research Laboratories
   10.7 Basis Point Share (BPS) Analysis by End-User 
   10.8 Absolute $ Opportunity Assessment by End-User 
   10.9 Market Attractiveness Analysis by End-User
   10.10 Europe Biomedical Refrigerators And Freezers Market Size Forecast by Type
      10.10.1 Plasma
      10.10.2 Ultra Low Temperature Freezers
      10.10.3 Laboratory/ Pharmacy / Medical Refrigerators
      10.10.4 Laboratory/ Pharmacy / Medical Freezers
      10.10.5 Shock
      10.10.6 Blood Bank Refrigerators
   10.11 Basis Point Share (BPS) Analysis by Type 
   10.12 Absolute $ Opportunity Assessment by Type 
   10.13 Market Attractiveness Analysis by Type

Chapter 11 Asia Pacific Biomedical Refrigerators And Freezers Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Biomedical Refrigerators And Freezers Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Biomedical Refrigerators And Freezers Market Size Forecast by End-User
      11.6.1 Pharmacies
      11.6.2 Blood Banks
      11.6.3 Diagnostic Centers
      11.6.4 Hospitals
      11.6.5 Research Laboratories
   11.7 Basis Point Share (BPS) Analysis by End-User 
   11.8 Absolute $ Opportunity Assessment by End-User 
   11.9 Market Attractiveness Analysis by End-User
   11.10 Asia Pacific Biomedical Refrigerators And Freezers Market Size Forecast by Type
      11.10.1 Plasma
      11.10.2 Ultra Low Temperature Freezers
      11.10.3 Laboratory/ Pharmacy / Medical Refrigerators
      11.10.4 Laboratory/ Pharmacy / Medical Freezers
      11.10.5 Shock
      11.10.6 Blood Bank Refrigerators
   11.11 Basis Point Share (BPS) Analysis by Type 
   11.12 Absolute $ Opportunity Assessment by Type 
   11.13 Market Attractiveness Analysis by Type

Chapter 12 Latin America Biomedical Refrigerators And Freezers Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Biomedical Refrigerators And Freezers Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Biomedical Refrigerators And Freezers Market Size Forecast by End-User
      12.6.1 Pharmacies
      12.6.2 Blood Banks
      12.6.3 Diagnostic Centers
      12.6.4 Hospitals
      12.6.5 Research Laboratories
   12.7 Basis Point Share (BPS) Analysis by End-User 
   12.8 Absolute $ Opportunity Assessment by End-User 
   12.9 Market Attractiveness Analysis by End-User
   12.10 Latin America Biomedical Refrigerators And Freezers Market Size Forecast by Type
      12.10.1 Plasma
      12.10.2 Ultra Low Temperature Freezers
      12.10.3 Laboratory/ Pharmacy / Medical Refrigerators
      12.10.4 Laboratory/ Pharmacy / Medical Freezers
      12.10.5 Shock
      12.10.6 Blood Bank Refrigerators
   12.11 Basis Point Share (BPS) Analysis by Type 
   12.12 Absolute $ Opportunity Assessment by Type 
   12.13 Market Attractiveness Analysis by Type

Chapter 13 Middle East & Africa (MEA) Biomedical Refrigerators And Freezers Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Biomedical Refrigerators And Freezers Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Biomedical Refrigerators And Freezers Market Size Forecast by End-User
      13.6.1 Pharmacies
      13.6.2 Blood Banks
      13.6.3 Diagnostic Centers
      13.6.4 Hospitals
      13.6.5 Research Laboratories
   13.7 Basis Point Share (BPS) Analysis by End-User 
   13.8 Absolute $ Opportunity Assessment by End-User 
   13.9 Market Attractiveness Analysis by End-User
   13.10 Middle East & Africa (MEA) Biomedical Refrigerators And Freezers Market Size Forecast by Type
      13.10.1 Plasma
      13.10.2 Ultra Low Temperature Freezers
      13.10.3 Laboratory/ Pharmacy / Medical Refrigerators
      13.10.4 Laboratory/ Pharmacy / Medical Freezers
      13.10.5 Shock
      13.10.6 Blood Bank Refrigerators
   13.11 Basis Point Share (BPS) Analysis by Type 
   13.12 Absolute $ Opportunity Assessment by Type 
   13.13 Market Attractiveness Analysis by Type

Chapter 14 Competition Landscape 
   14.1 Biomedical Refrigerators And Freezers Market: Competitive Dashboard
   14.2 Global Biomedical Refrigerators And Freezers Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Haier Biomedical
      14.3.2 Panasonic Healthcare Co
      14.3.3 Helmer Scientific and Eppendorf AG The key success factors in the the technological factors
      14.3.4 product pricing
      14.3.5 Thermo Fisher Scientific Inc
      14.3.6 service quality and distribution network
      14.3.7 Philipp Kirsch GmbH
Segments Covered in the Report
The global Biomedical Refrigerators And Freezers market has been segmented based on

By End-User
  • Pharmacies
  • Blood Banks
  • Diagnostic Centers
  • Hospitals
  • Research Laboratories
By Type
  • Plasma
  • Ultra Low Temperature Freezers
  • Laboratory/ Pharmacy / Medical Refrigerators
  • Laboratory/ Pharmacy / Medical Freezers
  • Shock
  • Blood Bank Refrigerators
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Haier Biomedical
  • Panasonic Healthcare Co
  • Helmer Scientific and Eppendorf AG The key success factors in the the technological factors
  • product pricing
  • Thermo Fisher Scientific Inc
  • service quality and distribution network
  • Philipp Kirsch GmbH

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