Tag Archives: Biomedical Refrigerators and Freezers Market

Biomedical Refrigerators and Freezers Market – Latest Trends & Insights 2024

Transparency Market Research has published a new market report titled, “Biomedical Refrigerators and Freezers Market (Product Type – Ultra Low Temperature (ULT) Freezers, Plasma Freezers, Shock Freezers, Blood Bank Refrigerators, Laboratory/Pharmacy/Medical Refrigerators, and Laboratory/Pharmacy/Medical Freezers; End-user – Hospitals, Research Laboratories, Pharmacies, Diagnostic Centers, Blood Banks, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024.” According to the report, the biomedical refrigerators and freezers market was valued at US$ 2.9 Bn in 2015 and is projected to expand at a CAGR of 4.2% from 2016 to 2024 to reach US$ 4.3 Bn in 2024.

Read Full Report: http://www.transparencymarketresearch.com/biomedical-refrigerators-freezers-market.html

North America held the largest share of the global biomedical refrigerators and freezers market in 2015. The market in the region is anticipated to expand at a CAGR of 3.9% from 2016 to 2024. Dominance of this region is attributed to the developed health care infrastructure and high adoption of advanced health care technologies. In addition, significant rise in life sciences research for treatment of cancer and neural diseases is boosting demand for biomedical refrigerators and freezers in North America. Presence of large number of blood banks, hospitals, and research institutes drives the biomedical refrigerators and freezers market in the U.S. Moreover, periodic introduction of advanced technologies such as multiple compressor equipment, green technology, energy-efficient equipment, and RFID-enabled equipment coupled with higher adoption of these technologies boosts the growth of the biomedical refrigerators and freezers market in the country.

Plasma freezers are widely used in blood banks. Rising blood donations in the U.S. is driving demand for plasma freezers in the country. According to the American National Red Cross, around 9.2 million people donate blood in the U.S. each year. Seventy-four of 76 American National Red Cross member blood banks are situated in the U.S. Each blood bank has five to six refrigerators on average. Around 38% of the population of the U.S. is eligible for donating blood; however, only 10% donate blood each year. Hence, blood organizations are promoting blood donations in the country to reduce the demand-supply gap.

Europe was the second largest market for biomedical refrigerators and freezers in 2015. Higher adoption of newly developed disease treatment options such as cellular therapies and organ transplant is increasing demand for biomedical refrigerators and freezers across the region. According to the National Health Service (NHS), every day, around 8,000 blood transfusions are carried out in the U.K. This has increased demand for plasma freezers in the country. Presence of a multitude of pharmacy stores (standalone and hospitals) and rising number of research laboratories are driving demand for laboratory refrigerators in Germany.

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Asia Pacific is projected to be the fastest growing market for biomedical refrigerators and freezers during the forecast period. Presence of key players, emerging economies, rising awareness, and availability of products at affordable prices are the major factors anticipated to drive the biomedical refrigerators and freezers market in the region. Japan has the second largest biotechnology industry in the world after the U.S. According to the Organization for Economic Co-operation and Development patent database, Japan ranks second with 11.5% of the biotechnology patents across the globe. The market in other Asian countries is expected to expand at the fastest CAGR during the forecast period.

The biomedical refrigerators and freezers market is highly fragmented, with several local players competing with few global players. Some of the players operating in the global biomedical refrigerators and freezers market include Aegis Scientific, Inc., Eppendorf AG, Haier Biomedical, Leibherr Group, Panasonic Healthcare Co., Thermo Fisher Scientific, Inc., Terumo Corporation, Philipp Kirsch GmbH, and Helmer Scientific.

 

Global Biomedical Refrigerators and Freezers Market to reach US$ 4.3 Bn in 2024; Asia Pacific Set to Witness Highest Growth Rate during Forecast Period

Transparency Market Research forecasts that the global biomedical refrigerators and freezers market will expand at a healthy CAGR of 4.2% over the period between 2016 and 2024. The market, which held an opportunity of US$2.91 bn in 2015, is expected to rise to US$4.28 bn by 2024.

The rising prevalence of a number of chronic and infectious diseases, increasing global demand for personalized drugs, and the promising pace of technological developments across healthcare infrastructures in emerging economies are cumulatively driving the increased adoption of biomedical refrigerators and freezers globally. The steady rise in the number of blood banks in developing and developed regions combined with government initiatives aimed at raising awareness about blood donation have also favored the sustainable growth of the market in the past few years.

Read Full Report: http://www.transparencymarketresearch.com/biomedical-refrigerators-freezers-market.html

In the years to come, stringent emission regulation norms and rising awareness about the harms of greenhouse gases emitted from conventional refrigeration systems to the environment will compel product manufacturers to design greener products. Companies are surely coming to terms with the several changes aimed at fortifying this switchover, such as worldwide bans on refrigerants such as hydrofluorocarbons (HFCs). As a result, more green refrigerators and freezers will enter the biomedical industry in the next few years.

Plasma Freezers to Retain Dominant Stance in Global Market

Of the key varieties of refrigerators and freezers used in the biomedical industry, including plasma freezers, shock freezers, ultra-low temperature freezers, blood bank refrigerators, and laboratory/pharmacy refrigerators and freezers, the segment of plasma freezers presently dominates the market. The segment accounted for a share of nearly 29% in the market in 2015. The vast rise in demand for fresh frozen plasma and rising number of apheresis procedures across the globe will likely aid the segment continue dominating the market across the forecasting horizon as well.

The rising global demand for blood transfusion and a vast rise in the number of technologically advanced blood banks across the globe has also resulted in the heightened demand for plasma freezers globally. In terms of rate of expansion, however, the segment of laboratory/pharmacy/medical freezers will outpace the segment of plasma freezers through 2024. The segment of laboratory/pharmacy/medical freezers will exhibit a 5.49% CAGR from 2016 to 2024.

Download exclusive Sample of this report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4666

Asia Pacific to Present Most Promising Growth Opportunities; North America to Remain Key Contributor

Rising geriatric population, rising investments towards technological advancements in healthcare infrastructure, and the flourishing medical tourism industry will collectively lead to vast growth opportunities for the global biomedical refrigerators and freezers market in in Asia Pacific in the next few years. The market will expand at the fastest CAGR of 5.84% among other key regional markets through 2024. The region is expected to hold an 18% share in the global market by 2024.

However, North America will continue to hold the largest share in the market and witness only a slight drop in its share in the global market by 2024. North America presently leads the market, accounting for a 52% share in market’s overall valuation in 2015.

The region holds a dominant position in the global market on account of the highly developed healthcare infrastructures, the presence of a large number of world’s leading biomedical companies, and the vast life sciences research activities undertaken every year. The introduction and high rate of adoption of technologically advanced products such as RFID-enabled equipment, multiple compressor equipment also favor the overall growth of the biomedical refrigerators and freezers market in North America.

Vendors Need to Focus on Development of Economic Products

The market features intense competition, which has further soared owing to the introduction of technologically advanced and innovative products at a sustained pace in the market. High R&D investments have compelled international companies to increase costs of products, somewhat limiting their appeal to only to the developed regions. This factor has worked well in favor of regional players, especially the ones operating in developing cost-sensitive economies such as Latin America and Asia Pacific.

Some of the leading vendors in the market are Haier Biomedical, Eppendorf AG, Aegis Scientific, Inc., Leibherr Group, Terumo Corporation, Philipp Kirsch GmbH, Panasonic Healthcare Co., Thermo Fisher Scientific, Inc., and Helmer Scientific.

 

Global Biomedical Refrigerators and Freezers Market will amass a prominent share in overall revenues from emerging market

The global biomedical refrigerators and freezers market is fragmented in nature and hence display deep competitive rivalry amongst the already established players. This is the main reason why companies in this market are putting in efforts in order to sustain in the market through constant innovation. The leading companies in the market are Eppendorf AG, Thermo Fisher Scientific, Inc., Helmer Scientific, and Panasonic Healthcare Co., Ltd. These companies are leading the market owing to the extensive product range being introduced by them, robust marketing strategies, and their increasing geographic presence, as per Transparency Market Research (TMR).

The global biomedical refrigerators and freezers market is predicted to touch US$4,003.003 mn in 2022. On the basis of type, the segment of plasma freezers is predicted to lead the market over the forecast horizon. The reason for the dominance of this segment includes the rising count of apheresis procedures and the increasing demand to store fresh frozen plasma. In addition, plasma exchange has come up as the most extensively employed apheresis procedures within the U.S. This will raise the adoption of plasma freezers in research laboratories, hospital settings, and blood banks, thus propelling the growth of the overall market. The global plasma freezers market is predicted to touch US$1,195.515 mn in 2022.

Read Full Report: http://www.transparencymarketresearch.com/biomedical-refrigerators-freezers-market.html

Flourishing Medical Tourism Industry to Bring Exponential Market Growth in Asia Pacific

On the basis of end user, the segment of blood banks led the market in the past owing to the rising availability of expensive freezers and refrigerators within blood banks. On the other hand, the segment of research laboratories is predicted to hold the most lucrative opportunity in the market in forthcoming years owing to growing development in life science research in the developing and developed regions. In addition, the increasing support by government for the production of personalized medicines within developed regions will also fuel the growth of this segment.

Geographically, the North America biomedical refrigerators and freezers market emerged as the top market due to the proliferation of R&D institutes, increasing adoption of cutting-edge technologies, and the advanced healthcare infrastructure of this region. On the other hand, the Asia Pacific biomedical refrigerators and freezers market is poised to rise at the swiftest 6.4% CAGR over the forecast period. This is owing to increasing research and development done by the developing economies and the growing industry for medical tourism in the region of Asia Pacific.

Increasing Demand for Organ Transplant and Biopharmaceuticals to Drive Market Growth

There is an increasing occurrence of organ failures globally. Hence, the global biomedical refrigerators and freezers market is predicted to rise due to the rising demand for organ transplant and biopharmaceuticals. In addition, the growing support provided by government on clinical trials and research activities will positively impact the growth of the biomedical refrigerators and freezers market. Furthermore, technological developments have introduced a paradigm shift from the utilization of conventional equipment to developed technology-based equipment offering efficient energy consumption. Thus, the introduction of numerous technological developments in biomedical refrigerators and freezers are expected to bode well for the growth of the market for biomedical refrigerators and freezers.

Download exclusive Sample of this report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4666

On the other hand, this market is highly fragmented in nature and this may result in lower revenues and higher volumes, thus negatively impacting the development of the market. “The increasing usage of refurbished equipment and huge cost of biomedical refrigerators and freezers may also pull back their demand, thus restraining market growth,” says a TMR analyst.

Nonetheless, the growing focus on commercialization and branding of freezers will bring new growth opportunities in the market, states a TMR analyst.

This information is based on the findings of a report published by Transparency Market Research titled, “Biomedical Refrigerators and Freezers Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”

 

Green Technology to Act as Transformational Trend in Global Biomedical Refrigerators and Freezers Market, reports TMR

The global biomedical refrigerators and freezers market is fragmented in nature and hence display deep competitive rivalry amongst the already established players. This is the main reason why companies in this market are putting in efforts in order to sustain in the market through constant innovation. The leading companies in the market are Eppendorf AG, Thermo Fisher Scientific, Inc., Helmer Scientific, and Panasonic Healthcare Co., Ltd. These companies are leading the market owing to the extensive product range being introduced by them, robust marketing strategies, and their increasing geographic presence, as per Transparency Market Research (TMR).

The global biomedical refrigerators and freezers market is predicted to touch US$4,003.003 mn in 2022. On the basis of type, the segment of plasma freezers is predicted to lead the market over the forecast horizon. The reason for the dominance of this segment includes the rising count of apheresis procedures and the increasing demand to store fresh frozen plasma. In addition, plasma exchange has come up as the most extensively employed apheresis procedures within the U.S. This will raise the adoption of plasma freezers in research laboratories, hospital settings, and blood banks, thus propelling the growth of the overall market. The global plasma freezers market is predicted to touch US$1,195.515 mn in 2022.

Flourishing Medical Tourism Industry to Bring Exponential Market Growth in Asia Pacific

On the basis of end user, the segment of blood banks led the market in the past owing to the rising availability of expensive freezers and refrigerators within blood banks. On the other hand, the segment of research laboratories is predicted to hold the most lucrative opportunity in the market in forthcoming years owing to growing development in life science research in the developing and developed regions. In addition, the increasing support by government for the production of personalized medicines within developed regions will also fuel the growth of this segment.

Geographically, the North America biomedical refrigerators and freezers market emerged as the top market due to the proliferation of R&D institutes, increasing adoption of cutting-edge technologies, and the advanced healthcare infrastructure of this region. On the other hand, the Asia Pacific biomedical refrigerators and freezers market is poised to rise at the swiftest 6.4% CAGR over the forecast period. This is owing to increasing research and development done by the developing economies and the growing industry for medical tourism in the region of Asia Pacific.

Increasing Demand for Organ Transplant and Biopharmaceuticals to Drive Market Growth

There is an increasing occurrence of organ failures globally. Hence, the global biomedical refrigerators and freezers market is predicted to rise due to the rising demand for organ transplant and biopharmaceuticals. In addition, the growing support provided by government on clinical trials and research activities will positively impact the growth of the biomedical refrigerators and freezers market. Furthermore, technological developments have introduced a paradigm shift from the utilization of conventional equipment to developed technology-based equipment offering efficient energy consumption. Thus, the introduction of numerous technological developments in biomedical refrigerators and freezers are expected to bode well for the growth of the market for biomedical refrigerators and freezers.

Download exclusive Sample of this report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4666

On the other hand, this market is highly fragmented in nature and this may result in lower revenues and higher volumes, thus negatively impacting the development of the market. “The increasing usage of refurbished equipment and huge cost of biomedical refrigerators and freezers may also pull back their demand, thus restraining market growth,” says a TMR analyst.

Nonetheless, the growing focus on commercialization and branding of freezers will bring new growth opportunities in the market, states a TMR analyst.

This information is based on the findings of a report published by Transparency Market Research titled, “Biomedical Refrigerators and Freezers Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”

 

Green Technology to Act as Transformational Trend in Global Biomedical Refrigerators and Freezers Market, reports TMR

The rising prevalence of a number of chronic and infectious diseases, increasing global demand for personalized drugs, and the promising pace of technological developments across healthcare infrastructures in emerging economies are cumulatively driving the increased adoption of biomedical refrigerators and freezers globally. The steady rise in the number of blood banks in developing and developed regions combined with government initiatives aimed at raising awareness about blood donation have also favored the sustainable growth of the market in the past few years.

In the years to come, stringent emission regulation norms and rising awareness about the harms of greenhouse gases emitted from conventional refrigeration systems to the environment will compel product manufacturers to design greener products. Companies are surely coming to terms with the several changes aimed at fortifying this switchover, such as worldwide bans on refrigerants such as hydrofluorocarbons (HFCs). As a result, more green refrigerators and freezers will enter the biomedical industry in the next few years.

Transparency Market Research forecasts that the global biomedical refrigerators and freezers market will expand at a healthy CAGR of 4.2% over the period between 2016 and 2024. The market, which held an opportunity of US$2.91 bn in 2015, is expected to rise to US$4.28 bn by 2024.

Plasma Freezers to Retain Dominant Stance in Global Market

Of the key varieties of refrigerators and freezers used in the biomedical industry, including plasma freezers, shock freezers, ultra-low temperature freezers, blood bank refrigerators, and laboratory/pharmacy refrigerators and freezers, the segment of plasma freezers presently dominates the market. The segment accounted for a share of nearly 29% in the market in 2015. The vast rise in demand for fresh frozen plasma and rising number of apheresis procedures across the globe will likely aid the segment continue dominating the market across the forecasting horizon as well.

The rising global demand for blood transfusion and a vast rise in the number of technologically advanced blood banks across the globe has also resulted in the heightened demand for plasma freezers globally. In terms of rate of expansion, however, the segment of laboratory/pharmacy/medical freezers will outpace the segment of plasma freezers through 2024. The segment of laboratory/pharmacy/medical freezers will exhibit a 5.49% CAGR from 2016 to 2024.

Asia Pacific to Present Most Promising Growth Opportunities; North America to Remain Key Contributor

Rising geriatric population, rising investments towards technological advancements in healthcare infrastructure, and the flourishing medical tourism industry will collectively lead to vast growth opportunities for the global biomedical refrigerators and freezers market in in Asia Pacific in the next few years. The market will expand at the fastest CAGR of 5.84% among other key regional markets through 2024. The region is expected to hold an 18% share in the global market by 2024.

Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4666

However, North America will continue to hold the largest share in the market and witness only a slight drop in its share in the global market by 2024. North America presently leads the market, accounting for a 52% share in market’s overall valuation in 2015.

The region holds a dominant position in the global market on account of the highly developed healthcare infrastructures, the presence of a large number of world’s leading biomedical companies, and the vast life sciences research activities undertaken every year. The introduction and high rate of adoption of technologically advanced products such as RFID-enabled equipment, multiple compressor equipment also favor the overall growth of the biomedical refrigerators and freezers market in North America.

Vendors Need to Focus on Development of Economic Products

The market features intense competition, which has further soared owing to the introduction of technologically advanced and innovative products at a sustained pace in the market. High R&D investments have compelled international companies to increase costs of products, somewhat limiting their appeal to only to the developed regions. This factor has worked well in favor of regional players, especially the ones operating in developing cost-sensitive economies such as Latin America and Asia Pacific.

Some of the leading vendors in the market are Haier Biomedical, Eppendorf AG, Aegis Scientific, Inc., Leibherr Group, Terumo Corporation, Philipp Kirsch GmbH, Panasonic Healthcare Co., Thermo Fisher Scientific, Inc., and Helmer Scientific.