During the forecast period, the Biomedical Refrigerators and Freezers Market is expected to grow at a 5.9% CAGR, from US$ 3.2 billion in 2020 to US$ 6 billion by 2031.
Biomedical refrigerators and freezers are medical devices used to store biological samples such as biological reagents, blood, blood derivatives, medicines, vaccines, deoxyribonucleic acid (DNA), ribonucleic acid (RNA), and flammable chemicals. Specific conditions must be met in order for biological samples to be stored effectively.
In contrast to domestic refrigerators and freezers, biomedical refrigerators and freezers provide optimal conditions for the efficient storage of biological samples. Blood banks, hospitals, diagnostic centres, research laboratories, educational institutions, and other facilities frequently use biomedical refrigerators and freezers.
Based on temperature range, commercially available biomedical refrigerators and freezers can be used for a variety of applications.
Ultra-low temperature freezers, for example, with temperature ranges ranging from -70 to -80 and low, are used to store biomedical samples such as DNA and RNA for long periods of time. Plasma freezers are preferred for storing plasma products, whole blood, and vaccines due to their temperature range of -30°C to -40°C.
Refrigerators in blood banks are intended to keep whole blood or blood component products cold. The blood bank refrigerators segment, on the other hand, accounts for the majority of the global biomedical refrigerators and freezers market.
The blood bank refrigerators segment is being driven by the steady increase in the number of blood banks in developing and developed regions, as well as the presence of stringent regulatory requirements. In contrast, the laboratory, medical freezers, and pharmacy segments are expected to grow at the fastest CAGR during the forecast period.
The global biomedical refrigerator and freezer market is expected to grow at a single-digit CAGR during the forecast period (2015 to 2025).
For more insights into the market, request a sample of this report Global Biomedical Refrigerators and Freezers Market: Key Players
Key players in global biomedical refrigerators and freezers market are, Aegis Scientific, Inc., ARCTIKO A/S, ThermoFisher Scientific, Inc., Binder GmbH, BioMedical Solutions, Inc., Bionics Scientific Technologies (P) Ltd., Coldway, DESMON S.p.A, Eppendorf AG, Froilabo SAS, Panasonic Healthcare Co., Ltd., Philipp Kirsch GmbH, LabRepCo, Inc., Gram Commercial A/S, and Venktron Electronics Co. Ltd.