Biomedical refrigerators and freezers refer to the technologically
advanced medical devices used to store biological samples such as
blood, vaccine, blood derivatives, biological reagents, medicines,
and flammable chemicals. Owing to factors such as the rising global
demand for blood transfusions, cellular therapies, organ transplant,
and biopharmaceuticals in the past few years, the demand for
biomedical refrigerators and freezers has increased at a significant
rate across the globe. The market is expected to witness a promising
growth pace across developing as well as well-established regional
markets in the next few years as well, with the rising demand from
developing and less-developed economies to provide the market the
required traction.
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This report on the global biomedical refrigerators and freezers
market presents a thorough analytical account of the market as is
seen in the present-day scenario, as was in the recent past, and will
be over the period between 2016 and 2024. The report presents a
detailed account of the factors and trends expected to play a key
role in its future development, either driving it, restricting it, or
influencing consumer choices.
A number of factors are working in the favor of the global biomedical
refrigerators and freezers market. One of the key factors is the
rising prevalence of a variety of chronic diseases, increased life
expectancy of the global population, the rising numbers of surgeries,
and the consecutive rise in demand for biological products. Moreover,
the vast rise in biomedical research and development activities
across the globe are boosting demand for biomedical refrigerators and
freezers.
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However, the presence of a large number of local players and high
preference to refurbished equipment owing to the high cost of new
products, especially in cost-sensitive developing and less-developed
economies are hampering the growth of the global biomedical
refrigerators and freezers market. Nevertheless, government
activities aimed at the improvement of healthcare infrastructures in
a number of emerging economies could provide promising growth
opportunities.
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.
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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.
The biomedical refrigerators and freezers market report provides a
detailed analytical overview of the vendor landscape of the market
along with detailed business profiles of some of the leading
companies in the market. Some of the leading companies operating in
the global biomedical refrigerators and freezers market are Eppendorf
AG, Leibherr Group, Haier Biomedical, Panasonic Healthcare Co.,
Helmer Scientific, Aegis Scientific, Inc., Terumo Corporation, Thermo
Fisher Scientific, Inc., and Philipp Kirsch GmbH.
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