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Global Biomedical Refrigerators and Freezers Market Size, Share, Demand, Forecast: By Type: Ultra Low Temperature Freezers, Plasma Freezers, Shock Freezers, Blood Bank Refrigerators, Laboratory/Pharmacy/Medical Refrigerators, Others; By Capacity; By End User; Regional Analysis; Market Dynamics; Supplier Landscape; 2024-2032
Global Biomedical Refrigerators and Freezers Market Outlook
The global biomedical refrigerators and freezers market size was valued at USD 3.17 billion in 2023, driven by the growing awareness about the importance of maintaining proper storage environment for biomedical products across the globe. The market size is anticipated to grow at a CAGR of 5.6% during the forecast period of 2024-2032 to achieve a value of USD 5.17 billion by 2032.
Biomedical Refrigerators and Freezers: Introduction
Biomedical refrigerators and freezers are used to store and preserve several biomedical and pharmaceutical products, such as vaccines, blood samples, reagents, and medications. These freezers are specialized refrigeration systems that are developed and designed in such a way that they help in maintaining accurate temperature and storage environment to ensure the integrity and viability of the materials that are being stored.
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The market for biomedical refrigerators and freezers has been witnessing robust growth in the recent years and is expected to continue growing due to increasing demand for proper storage solutions in the healthcare and life sciences industries.
Global Biomedical Refrigerators and Freezers Market Analysis
The increasing focus on the conservation of energy and sustainability is primarily driving the growth of the market. There is a rising demand for energy-efficient biomedical refrigeration solutions across the globe. The key players and manufacturers in the market are developing innovative products with better insulation, advanced cooling systems, and smart energy management features to reduce energy consumption and operational expenditure. This is anticipated to further propel the biomedical refrigerators and freezers market growth.
The rapidly increasing technological advancements in the market, such as the introduction of smart surfaces, touch screen interfaces, remote control systems, temperature tracking in real time, and the management of data with cloud-based services, among others, are also aiding the biomedical refrigerators and freezers market expansion. Other key factor aiding the market growth include the rising focus on the compliance and regulatory requirements of the product for the storage and handling of biomedical products. The manufacturers of biomedical refrigerators and freezers are using advanced features and technologies to make sure of the compliance with these regulations, such as temperature monitoring systems, alarm systems, data logging capabilities, and validation protocols.
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Biomedical Refrigerators and Freezers Market Segmentations
Market Breakup by Type
- Ultra Low Temperature Freezers
- Plasma Freezers
- Shock Freezers
- Blood Bank Refrigerators
- Laboratory/Pharmacy/Medical Refrigerators
- Laboratory/Pharmacy/Medical Freezers
- Others
Market Breakup by Capacity
- 100L-200L
- 200L-400L
- 400L-800L
- More than 800L
Market Breakup by End User
- Hospitals
- Pharmacies
- Diagnostic Centres
- Research Laboratories
- Pharmaceutical and Biotechnology Companies
- Blood Banks
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Biomedical Refrigerators and Freezers Market Overview
The global market has been experiencing significant growth and is expected to keep growing in the coming years as well. The market is witnessing stable growth due to the increasing demand for proper storage and preservation of biomedical products. These specialized refrigeration systems are used in hospitals, research laboratories, blood banks, and pharmacies, among others. Biomedical refrigerators and freezers provide precise temperature control and storage conditions to ensure the integrity and viability of stored materials.
Other key factors that are supporting the biomedical refrigerators and freezers market development include the rapidly advancing technology, rising healthcare expenditure, increasing number of investments in research and development activities, and growing awareness about the importance of maintaining proper storage environment for biomedical products.
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Additionally, factors like growing biopharmaceutical industry, rising prevalence of chronic diseases, and the growing demand for personalized medicine are providing significant impetus to the market growth.
Biomedical Refrigerators and Freezers Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Thermo Fisher Scientific Inc.
- Terumo BCT, Inc.
- Eppendorf AG
- Bionics Scientific Technologies (P) Inc.
- Binder GmbH
- Bluestar Limited
- Haier Biomedical
- Aucma
- VestFrost Solutions
- Standex International Corporation
- Godrej and Boyce Manufacturing Co Ltd.
- PHC Holdings Corporation
- Biobase Corporation
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and
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| Breakup by Type |
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| Breakup by Capacity |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Biomedical Refrigerators and Freezers Market Overview
3.1 Global Biomedical Refrigerators and Freezers Market Historical Value (2017-2023)
3.2 Global Biomedical Refrigerators and Freezers Market Forecast Value (2024-2032)
4 Global Biomedical Refrigerators and Freezers Market Landscape
4.1 Global Biomedical Refrigerators and Freezers Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Biomedical Refrigerators and Freezers Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Capacity
5 Global Biomedical Refrigerators and Freezers Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Biomedical Refrigerators and Freezers Market Segmentation
6.1 Global Biomedical Refrigerators and Freezers Market by Type
6.1.1 Market Overview
6.1.2 Ultra Low Temperature Freezers
6.1.3 Plasma Freezers
6.1.4 Shock Freezers
6.1.5 Blood Bank Refrigerators
6.1.6 Laboratory/Pharmacy/Medical Refrigerators
6.1.7 Laboratory/Pharmacy/Medical Freezers
6.1.8 Others
6.2 Global Biomedical Refrigerators and Freezers Market by Capacity
6.2.1 Market Overview
6.2.2 100L-200L
6.2.3 200L-400L
6.2.4 400L-800L
6.2.5 More than 800L
6.3 Global Biomedical Refrigerators and Freezers Market by End User
6.3.1 Market Overview
6.3.2 Hospitals
6.3.3 Pharmacies
6.3.4 Diagnostic Centres
6.3.5 Research Laboratories
6.3.6 Pharmaceutical and Biotechnology Companies
6.3.7 Blood Banks
6.3.8 Others
6.4 Global Biomedical Refrigerators and Freezers Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Biomedical Refrigerators and Freezers Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Biomedical Refrigerators and Freezers Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Biomedical Refrigerators and Freezers Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Biomedical Refrigerators and Freezers Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Biomedical Refrigerators and Freezers Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Thermo Fisher Scientific Inc.
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Terumo BCT, Inc.
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Eppendorf AG
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Bionics Scientific Technologies (P) Inc.
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Binder GmbH
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Bluestar Limited
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Haier Biomedical
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Aucma
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 VestFrost Solutions
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Standex International Corporation
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Godrej and Boyce Manufacturing Co Ltd.
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 PHC Holdings Corporation
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Biobase Corporation
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
18 Global Biomedical Refrigerators and Freezers Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The market attained a value of about USD 3.17 billion in 2023, driven by the rising awareness about the importance of maintaining proper storage environment for biomedical products.
The market size is anticipated to grow at a CAGR of 5.6% during the forecast period of 2024-2032 to achieve a value of USD 5.17 billion by 2032.
The growth of the market is driven by factors like rising technological advancements and the growing awareness about the importance of maintaining proper storage environment for biomedical products, among others.
The introduction and launches of technological products in the market by the key players is one of the key players aiding the market growth.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America has been leading the global market.
The different types of biomedical products in the market are ultra-low temperature freezers, plasma freezers, shock freezers, blood bank refrigerators, laboratory/pharmacy/medical refrigerators, and laboratory/pharmacy/medical freezers, among others.
The different capacities of biomedical refrigerators and freezers in the market are 100L-200L, 200L-400L, 400L-800L, more than 800L.
The end users in the market are hospitals, pharmacies, diagnostic centers, research laboratories, pharmaceutical and biotechnology companies, and blood banks, among others.
Key players involved in the market are Thermo Fisher Scientific Inc., Terumo BCT, Inc., Eppendorf AG, Bionics Scientific Technologies (P) Inc., Binder GmbH, Bluestar Limited, Haier Biomedical, Aucma, VestFrost Solutions, Standex International Corporation, Godrej and Boyce Manufacturing Co Ltd., PHC Holdings Corporation, and Biobase Corporation.
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