Global biomedical refrigerators and freezers market share is anticipated to expand at an appreciable rate over 2019-2025, owing to the rising government support for clinical trials and research activities. Reliable reports suggest that the government funding for the development of technologies, start-ups, and healthcare infrastructures will considerably augment the research activities. Rising establishment of ethical norms and research policies may further surge the clinical research and development activities, thereby adding impetus to overall biomedical refrigerators and freezers industry outlook.
Technological advancements, coupled with the availability of improved compressor system, circulation system, and auto cascade cooling system, are likely to bolster the biomedical refrigerators and freezers industry growth over the forthcoming years.
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With regards to the end-use spectrum, the global biomedical refrigerators and freezers market from the blood banks segment is poised to depict a 4.5% CAGR through 2025. The growth of the segment is attributable to the rising government initiatives to spread awareness about the need for blood donation, alongside the mounting number of blood banks in the developing and developed economies.
On the regional front, the Europe biomedical refrigerators and freezers market is set to exhibit a CAGR of 4.1% through 2025, as a result of the escalating number of elderly populations with chronic diseases and their needs for surgical procedures. The region also has improved medical facilities and established healthcare infrastructures.
On a global scale, companies such as Thermo Fisher Scientific, Azbil Corporation, Haier Biomedical, Panasonic Healthcare of North America, Helmer Scientific, Migali Scientific, B Medical Systems, Eppendorf, Aegis Scientific, Liebherr-International, Binder, Powers Scientific, Follett and Arctiko are some of the key contenders in the biomedical refrigerators and freezers market. These firms are focusing on various business strategies such as technological improvements and new product development, among others.
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Partial Chapter of the Table of Content
Chapter 4. Biomedical Refrigerators and Freezers Market, By Product
4.1. Key segment trends
4.2. Plasma freezers
4.2.1. Market size, by region, 2014-2025
4.3. Blood bank refrigerators
4.3.1. Market size, by region, 2014-2025
4.4. Lab refrigerators
4.4.1. Market size, by region, 2014-2025
4.5. Lab freezers
4.5.1. Market size, by region, 2014-2025
4.6. Ultra-low temperature freezers
4.6.1. Market size, by region, 2014-2025
4.7. Shock freezers
4.7.1. Market size, by region, 2014-2025
Chapter 5. Biomedical Refrigerators and Freezers Market, By End-use
5.1. Key segment trend
5.2. Blood banks
5.2.1. Market size, by region, 2014-2025
5.3.1. Market size, by region, 2014-2025
5.4.1. Market size, by region, 2014-2025
5.5. Research labs
5.5.1. Market size, by region, 2014-2025
5.6. Diagnostic centers
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