Biomedical Refrigerators and Freezers Market
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<strong>Biomedical</strong> <strong>Refrigerators</strong> <strong>and</strong> <strong>Freezers</strong> <strong>Market</strong> Research Report: Forecast up to 2024<br />
The rising prevalence of a number of chronic <strong>and</strong> infectious diseases, increasing global dem<strong>and</strong> for<br />
personalized drugs, <strong>and</strong> the promising pace of technological developments across healthcare<br />
infrastructures in emerging economies are cumulatively driving the increased adoption of<br />
biomedical refrigerators <strong>and</strong> freezers globally. The steady rise in the number of blood banks in<br />
developing <strong>and</strong> developed regions combined with government initiatives aimed at raising awareness<br />
about blood donation have also favored the sustainable growth of the market in the past few years.<br />
In the years to come, stringent emission regulation norms <strong>and</strong> rising awareness about the harms of<br />
greenhouse gases emitted from conventional refrigeration systems to the environment will compel<br />
product manufacturers to design greener products. Companies are surely coming to terms with the<br />
several changes aimed at fortifying this switchover, such as worldwide bans on refrigerants such as<br />
hydrofluorocarbons (HFCs). As a result, more green refrigerators <strong>and</strong> freezers will enter the<br />
biomedical industry in the next few years.<br />
Transparency <strong>Market</strong> Research forecasts that the global biomedical refrigerators <strong>and</strong> freezers<br />
market will exp<strong>and</strong> at a healthy CAGR of 4.2% over the period between 2016 <strong>and</strong> 2024. The<br />
market, which held an opportunity of US$2.91 bn in 2015, is expected to rise to US$4.28 bn by<br />
2024.<br />
Plasma <strong>Freezers</strong> to Retain Dominant Stance in Global <strong>Market</strong><br />
Of the key varieties of refrigerators <strong>and</strong> freezers used in the biomedical industry, including plasma<br />
freezers, shock freezers, ultra-low temperature freezers, blood bank refrigerators, <strong>and</strong><br />
laboratory/pharmacy refrigerators <strong>and</strong> freezers, the segment of plasma freezers presently dominates<br />
the market. The segment accounted for a share of nearly 29% in the market in 2015. The vast rise in<br />
dem<strong>and</strong> for fresh frozen plasma <strong>and</strong> rising number of apheresis procedures across the globe will<br />
likely aid the segment continue dominating the market across the forecasting horizon as well.<br />
The rising global dem<strong>and</strong> for blood transfusion <strong>and</strong> a vast rise in the number of technologically<br />
advanced blood banks across the globe has also resulted in the heightened dem<strong>and</strong> for plasma
freezers globally. In terms of rate of expansion, however, the segment of<br />
laboratory/pharmacy/medical freezers will outpace the segment of plasma freezers through 2024.<br />
The segment of laboratory/pharmacy/medical freezers will exhibit a 5.49% CAGR from 2016 to<br />
2024.<br />
This exhaustive report includes a 360° view of the <strong>Biomedical</strong> <strong>Refrigerators</strong> <strong>and</strong> <strong>Freezers</strong><br />
<strong>Market</strong>. Browse through this 167-page report to know what factors will shape the market<br />
during the period 2016-2024<br />
http://www.transparencymarketresearch.com/biomedical-refrigerators-freezers-market.html<br />
Asia Pacific to Present Most Promising Growth Opportunities; North America to Remain Key<br />
Contributor<br />
Rising geriatric population, rising investments towards technological advancements in healthcare<br />
infrastructure, <strong>and</strong> the flourishing medical tourism industry will collectively lead to vast growth<br />
opportunities for the global biomedical refrigerators <strong>and</strong> freezers market in in Asia Pacific in the<br />
next few years. The market will exp<strong>and</strong> at the fastest CAGR of 5.84% among other key regional<br />
markets through 2024. The region is expected to hold an 18% share in the global market by 2024.<br />
However, North America will continue to hold the largest share in the market <strong>and</strong> witness only a<br />
slight drop in its share in the global market by 2024. North America presently leads the market,<br />
accounting for a 52% share in market’s overall valuation in 2015.<br />
The region holds a dominant position in the global market on account of the highly developed<br />
healthcare infrastructures, the presence of a large number of world’s leading biomedical companies,<br />
<strong>and</strong> the vast life sciences research activities undertaken every year. The introduction <strong>and</strong> high rate<br />
of adoption of technologically advanced products such as RFID-enabled equipment, multiple<br />
compressor equipment also favor the overall growth of the biomedical refrigerators <strong>and</strong> freezers<br />
market in North America.<br />
Vendors Need to Focus on Development of Economic Products<br />
The market features intense competition, which has further soared owing to the introduction of<br />
technologically advanced <strong>and</strong> innovative products at a sustained pace in the market. High R&D<br />
investments have compelled international companies to increase costs of products, somewhat<br />
limiting their appeal to only to the developed regions. This factor has worked well in favor of<br />
regional players, especially the ones operating in developing cost-sensitive economies such as Latin<br />
America <strong>and</strong> Asia Pacific.<br />
Some of the leading vendors in the market are Haier <strong>Biomedical</strong>, Eppendorf AG, Aegis Scientific,<br />
Inc., Leibherr Group, Terumo Corporation, Philipp Kirsch GmbH, Panasonic Healthcare Co.,
Thermo Fisher Scientific, Inc., <strong>and</strong> Helmer Scientific.<br />
Request a brochure of this report to know what opportunities will emerge in the rapidly<br />
evolving <strong>Biomedical</strong> <strong>Refrigerators</strong> <strong>and</strong> <strong>Freezers</strong> <strong>Market</strong> during 2016- 2024<br />
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4666<br />
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