Monday 30 November 2015

Increased Investment in Biotechnology and Life Sciences Propel Demand for Biomedical Refrigerators and Freezers: Market to be worth US$4 bn by 2022

A recent market research study published by Transparency Market Research (TMR) analyzes the global biomedical refrigerators and freezers market . According to the report, the market, which had a valuation of US$2.63 bn in 2013, is expected to expand at a positive 4.7% CAGR between 2014 and 2022 and reach US$4.00 bn by 2022.The report is titled “Biomedical Refrigerators and Freezers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022”.

Browse the full Biomedical Refrigerators and Freezers Market (Types: Ultra Low Freezers, Plasma Freezers, Shock Freezers, Blood Bank Refrigerators, Laboratory Refrigerators, and Laboratory Freezers; Application: Hospitals, Research Laboratories, Pharmacies, Diagnostic Centers, Blood Banks, and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2022 report at http://www.transparencymarketresearch.com/biomedical-refrigerators-freezers-market.html
Biomedical samples require a set of very specific storage related conditions for effective preservation. Thus, the use of biomedical freezers and refrigerators is recommended for the storage of biological units/samples as these devices provide the optimum storage conditions for biomedical samples. Biomedical samples such as ribonucleic acid (RNA), deoxyribonucleic acid (DNA), vaccines, blood components, whole blood, biological reagents, and other temperature sensitive medicines are commonly stored in biological refrigerators and freezers and these devices are widely deployed in hospitals, blood banks, pharmacy stores, diagnostic centers, and research laboratories.

The report attributes several important developments in the fields of global healthcare and pharmaceuticals as the driving forces for the global biomedical refrigerators and freezers market. This includes the rising demand for blood transfusion, organ transplant, cellular therapies, and vaccines, and the increased research and development activities in the fields of biotechnology and life sciences.

However, the presence of a large number of local businesses offering products at cheaper rates than branded products and the rising trend of employing refurbished equipment are some of the key factors restraining the overall growth of the global biomedical refrigerators and freezers market to a certain extent.The report segments the global biomedical refrigerators and freezers market based on three broad criteria: product type, key applications, and key regional markets.
Based on the type of products, the market is segmented into ultra low freezers, shock freezers, plasma freezers, laboratory freezers, laboratory refrigerators, and blood bank refrigerators. The key application areas of the market include research laboratories, hospitals, diagnostic centers, pharmacies, blood banks, and others. Geography-wise, the market is segmented into North America, Asia Pacific, Europe, Middle East and North Africa, Latin America, and the Rest of the World.

Of the key product types studied in the report, the market segment of blood bank refrigerators held the largest share of the global biomedical refrigerators and freezers market in 2013 owing to the steady rise in the number of blood banks in developed as well as developing regions across the globe. Of the key application areas of the market studied in the report, the market segment of blood banks led to the highest share of revenues of the global market in 2013, and the market segment is also expected to maintain its lead over the report’s forecast period.

The report presents a detailed analysis of the competitive landscape of the market, including business profiles of some of the most important vendors operating in the global biomedical refrigerators and freezers market. The key vendors in the market include Arctiko A/S, Aegis Scientific, Inc., Biomedical Solutions, Inc. (BSI), Dometic S.à.r.l., Binder GmbH, Eppendorf AG, Haier Bio-Medical, Bionics Scientific Technologies (P) Ltd., and Helmer Scientific.
The global biomedical refrigerators and freezers market has been segmented as follows:

Global Biomedical Refrigerators and Freezers Market, by Type
Ultra Low Freezers
Plasma Freezers
Shock Freezers
Blood Bank Refrigerators
Laboratory Refrigerators
Laboratory Freezers
Global Biomedical Refrigerators and Freezers Market, by Application
Hospitals
Research Laboratories
Pharmacies
Diagnostic Centers
Blood Banks
Others
Global Biomedical Refrigerators and Freezers Market, by Geography
North America
U.S.
Canada
Europe
U.K.
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
Japan
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and North Africa
United Arab Emirates
Saudi Arabia
Rest of Middle East and North Africa
Rest of the World
About us:
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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