The Global Biomedical Refrigerators and Freezers Market Size accounted for USD 4,125 Million in 2021 and is estimated to achieve a market size of USD 6,280 Million by 2030 growing at a CAGR of 5% from 2022 to 2030. The increased frequency of chronic illnesses, as well as the growing preference for storing blood samples, biological products, blood reagents, DNA samples, vaccines, and other chemicals, are key factors driving the biomedical refrigerators and freezers market growth. Moreover, increasing government support for R&D activities and clinical studies in emerging markets would boost the biomedical refrigerators and freezers market value.
Biomedical Refrigerators and Freezers Market Report Key Highlights
- Global biomedical refrigerators and freezers market revenue is estimated to expand by USD 6,280 million by 2030, with a 5% CAGR from 2022 to 2030.
- North America biomedical refrigerators and freezers market share accounted for over 41.8% of total market in 2021
- Asia-Pacific Biomedical refrigerators and freezers market growth will observe highest CAGR from 2022 to 2030
- Based on product, plasma freezers segment accounted for over 28% of the overall market share in 2021
- Among end-use, blood bank segment engaged more than 36% of the total market share
- Rising adoption of biopharma and organ transplantation, drives the biomedical refrigerators and freezers market size
Biomedical freezers and refrigerators are medical devices that are specially used to store various medical samples such as vaccines, blood products, medicines, flammable chemicals, and enzymes. Biomedical freezers and refrigerators are used in research laboratories, hospitals, pharmacies, diagnostic centers, and blood banks. Biomedical freezers and refrigerators offer optimal storage of medical products conditions as compared with domestic biomedical freezers and refrigerators. Biomedical freezers and refrigerators are of different types based on their application in diverse fields. Biomedical refrigerators are widely used in biomedical engineering facilities and research laboratories. Moreover, blood bank refrigerators are medicinal apparatuses principally used in blood banks.
Global Biomedical Refrigerators and Freezers Market Trends
Market Drivers
- Growing rates of chronic diseases
- Increased geriatric population in developed economies
- Rising adoption of biopharma and organ transplantation worldwide
- Increasing government funding for research and clinical trials
Market Restraints
- Technological breakthroughs in biomedical refrigerators and freezers
- Rising demand for biomedical storage
Market Opportunities
- Growth of new applications by key players
- Increased CCSR operations and less reliance on petroleum resources
Biomedical Refrigerators and Freezers Market Report Coverage
Market |
Biomedical Refrigerators and Freezers Market |
Biomedical Refrigerators and Freezers Market Size 2021 |
USD 4,125 Million |
Biomedical Refrigerators and Freezers Market Forecast 2030 |
USD 6,280 Million |
Biomedical Refrigerators and Freezers Market CAGR During 2022 - 2030 |
5% |
Biomedical Refrigerators and Freezers Market Analysis Period |
2018 - 2030 |
Biomedical Refrigerators and Freezers Market Base Year |
2021 |
Biomedical Refrigerators and Freezers Market Forecast Data |
2022 - 2030 |
Segments Covered |
By Product, By End-Use, And By Geography
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled |
Migali Scientific, Follett, Aegis Scientific, Azbil Corporation, Panasonic Healthcare Corporation, Binder, Helmer Scientific, Eppendorf, Haier Biomedical, B Medical Systems, Arctiko, Thermo Fisher Scientific, Powers Scientific, and Liebherr-International. |
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Biomedical Refrigerators and Freezers Market Dynamics
Escalating demand for biopharmaceuticals and organ transplants, and an increase in demand for organ transplants owing to the rise in the occurrence of organ failure are some of the primary factors that are boosting the biomedical freezers and refrigerators market growth globally. Increasing incidences of chronic diseases such as cancer, cardiac diseases, and infectious diseases are an important factor in boosting the growth of the global biomedical freezers and refrigerators market. Technological advancements in healthcare-grade refrigerators and freezers are also anticipated to drive the growth of the biomedical freezers and refrigerators market during the forecast period. Mounting demand for biomedical refrigerators among pharmaceutical companies and research labs is projected to foster the biomedical freezers and refrigerators market throughout the forecast time frame. Additionally, the growing need for trustworthy blood storage for maintaining donated blood through the transportation of blood samples and donor sessions is boosting the overall market growth. Growing spending on healthcare infrastructure and high-quality standards are some of the key factors driving the growth of the global market. The increasing occurrences of chronic diseases with the growth in the old population are considerably increasing the consumption of various pharmaceutical products and the number of procedures of blood transfusion. This factor is propelling the demand for biomedical refrigerators across all the end-use segments. However, the rising inclination towards refurbished equipment and the high cost of medical-grade freezers and refrigerators are some of the factors that may restrict the growth of the global biomedical freezers and refrigerators market.
Biomedical Refrigerators and Freezers Market Segmentation
The worldwide biomedical refrigerators and freezers market segmentation is based on the product, end-use, and geography.
Biomedical Refrigerators and Freezers Market By Product
- Plasma Freezers
- Lab Refrigerators
- Blood Bank Refrigerators
- Ultra-low Temperature Freezers
- Lab Freezers
- Shock Freezers
According to a biomedical refrigerators and freezers industry analysis, the plasma freezers segment held a significant market share in 2021. This growth is due to an increase in demand for plasma freezers, which are used to safely store platelet concentrates, fresh frozen plasma, as well as red cells. These are compression freezers that use CFC-free refrigerant gas.
Biomedical Refrigerators and Freezers Market By End-use
- Blood Banks
- Pharmacies
- Research Labs
- Hospitals
- Diagnostic Centers
According to the biomedical refrigerators and freezers market forecast, the blood bank segment leads the market, and this growth is projected to continue in the coming years. This is due to the increased demand for a reliable blood cold chain for donated blood, plasma storage, including blood sample transportation.
Biomedical Refrigerators and Freezers Market Regional Outlook
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
North America Holds The Major Share Of The Global Biomedical Refrigerators and Freezers Market
Geographically, North America is leading the market and will continue to dominate the industry in the coming years. Increased R&D expenditure, as well as improvements in the biotechnology and pharmaceutical sectors, are ascribed to the region's rapid growth. Furthermore, the increasing cancer prevalence in the United States, together with the growing usage of biomedical refrigerators and freezers, will fuel market expansion. The United States is the most crucial component, controlling the majority of North America. The rising incidence of numerous chronic diseases in both the pediatric and geriatric populations is one of the factors indicating a rise in the number of individuals admitted, putting further strain on the drug manufacturing system.
Biomedical Refrigerators and Freezers Market Players
Some of the top biomedical refrigerators and freezers market companies offered in the professional report include Migali Scientific, Follett, Aegis Scientific, Azbil Corporation, Panasonic Healthcare Corporation, Binder, Helmer Scientific, Eppendorf, Haier Biomedical, B Medical Systems, Arctiko, Thermo Fisher Scientific, Powers Scientific, and Liebherr-International.
CHAPTER 1. Industry Overview of Biomedical Refrigerators and Freezers Market
1.1. Definition and Scope
1.1.1. Definition of Biomedical Refrigerators and Freezers
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Biomedical Refrigerators and Freezers Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Biomedical Refrigerators and Freezers Market By Product
1.2.3. Biomedical Refrigerators and Freezers Market By End-use
1.2.4. Biomedical Refrigerators and Freezers Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Biomedical Refrigerators and Freezers Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Biomedical Refrigerators and Freezers Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2021
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Biomedical Refrigerators and Freezers Market By Product
4.1. Introduction
4.2. Biomedical Refrigerators and Freezers Revenue By Product
4.2.1. Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast, By Product, 2018-2030
4.2.2. Plasma Freezers
4.2.2.1. Plasma Freezers Market Revenue (USD Million) and Growth Rate (%), 2018-2030
4.2.3. Lab Refrigerators
4.2.3.1. Lab Refrigerators Market Revenue (USD Million) and Growth Rate (%), 2018-2030
4.2.4. Blood Bank Refrigerators
4.2.4.1. Blood Bank Refrigerators Market Revenue (USD Million) and Growth Rate (%), 2018-2030
4.2.5. Ultra-low Temperature Freezers
4.2.5.1. Ultra-low Temperature Freezers Market Revenue (USD Million) and Growth Rate (%), 2018-2030
4.2.6. Lab Freezers
4.2.6.1. Lab Freezers Market Revenue (USD Million) and Growth Rate (%), 2018-2030
4.2.7. Shock Freezers
4.2.7.1. Shock Freezers Market Revenue (USD Million) and Growth Rate (%), 2018-2030
CHAPTER 5. Biomedical Refrigerators and Freezers Market By End-use
5.1. Introduction
5.2. Biomedical Refrigerators and Freezers Revenue By End-use
5.2.1. Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast, By End-use, 2018-2030
5.2.2. Blood Banks
5.2.2.1. Blood Banks Market Revenue (USD Million) and Growth Rate (%), 2018-2030
5.2.3. Pharmacies
5.2.3.1. Pharmacies Market Revenue (USD Million) and Growth Rate (%), 2018-2030
5.2.4. Research Labs
5.2.4.1. Research Labs Market Revenue (USD Million) and Growth Rate (%), 2018-2030
5.2.5. Hospitals
5.2.5.1. Hospitals Market Revenue (USD Million) and Growth Rate (%), 2018-2030
5.2.6. Diagnostic Centers
5.2.6.1. Diagnostic Centers Market Revenue (USD Million) and Growth Rate (%), 2018-2030
CHAPTER 6. North America Biomedical Refrigerators and Freezers Market By Country
6.1. North America Biomedical Refrigerators and Freezers Market Overview
6.2. U.S.
6.2.1. U.S. Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By Product, 2018-2030
6.2.2. U.S. Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By End-use, 2018-2030
6.3. Canada
6.3.1. Canada Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By Product, 2018-2030
6.3.2. Canada Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By End-use, 2018-2030
6.4. North America PEST Analysis
CHAPTER 7. Europe Biomedical Refrigerators and Freezers Market By Country
7.1. Europe Biomedical Refrigerators and Freezers Market Overview
7.2. U.K.
7.2.1. U.K. Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By Product, 2018-2030
7.2.2. U.K. Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By End-use, 2018-2030
7.3. Germany
7.3.1. Germany Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By Product, 2018-2030
7.3.2. Germany Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By End-use, 2018-2030
France
7.3.3. France Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By Product, 2018-2030
7.3.4. France Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By End-use, 2018-2030
7.4. Spain
7.4.1. Spain Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By Product, 2018-2030
7.4.2. Spain Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By End-use, 2018-2030
7.5. Rest of Europe
7.5.1. Rest of Europe Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By Product, 2018-2030
7.5.2. Rest of Europe Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By End-use, 2018-2030
7.6. Europe PEST Analysis
CHAPTER 8. Asia Pacific Biomedical Refrigerators and Freezers Market By Country
8.1. Asia Pacific Biomedical Refrigerators and Freezers Market Overview
8.2. China
8.2.1. China Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By Product, 2018-2030
8.2.2. China Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By End-use, 2018-2030
8.3. Japan
8.3.1. Japan Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By Product, 2018-2030
8.3.2. Japan Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By End-use, 2018-2030
8.4. India
8.4.1. India Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By Product, 2018-2030
8.4.2. India Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By End-use, 2018-2030
8.5. Australia
8.5.1. Australia Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By Product, 2018-2030
8.5.2. Australia Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By End-use, 2018-2030
8.6. South Korea
8.6.1. South Korea Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By Product, 2018-2030
8.6.2. South Korea Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By End-use, 2018-2030
8.7. Rest of Asia-Pacific
8.7.1. Rest of Asia-Pacific Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By Product, 2018-2030
8.7.2. Rest of Asia-Pacific Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By End-use, 2018-2030
8.8. Asia Pacific PEST Analysis
CHAPTER 9. Latin America Biomedical Refrigerators and Freezers Market By Country
9.1. Latin America Biomedical Refrigerators and Freezers Market Overview
9.2. Brazil
9.2.1. Brazil Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By Product, 2018-2030
9.2.2. Brazil Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By End-use, 2018-2030
9.3. Mexico
9.3.1. Mexico Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By Product, 2018-2030
9.3.2. Mexico Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By End-use, 2018-2030
9.4. Rest of Latin America
9.4.1. Rest of Latin America Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By Product, 2018-2030
9.4.2. Rest of Latin America Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By End-use, 2018-2030
9.5. Latin America PEST Analysis
CHAPTER 10. Middle East & Africa Biomedical Refrigerators and Freezers Market By Country
10.1. Middle East & Africa Biomedical Refrigerators and Freezers Market Overview
10.2. GCC
10.2.1. GCC Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By Product, 2018-2030
10.2.2. GCC Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By End-use, 2018-2030
10.3. South Africa
10.3.1. South Africa Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By Product, 2018-2030
10.3.2. South Africa Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By End-use, 2018-2030
10.4. Rest of Middle East & Africa
10.4.1. Rest of Middle East & Africa Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By Product, 2018-2030
10.4.2. Rest of Middle East & Africa Biomedical Refrigerators and Freezers Revenue (USD Million) and Forecast By End-use, 2018-2030
10.5. Middle East & Africa PEST Analysis
CHAPTER 11. Player Analysis Of Biomedical Refrigerators and Freezers Market
11.1. Biomedical Refrigerators and Freezers Market Company Share Analysis
11.2. Competition Matrix
11.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
11.2.2. New Product Launches and Product Enhancements
11.2.3. Mergers And Acquisition In Global Biomedical Refrigerators and Freezers Market
11.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 12. Company Profile
12.1. Migali Scientific
12.1.1. Company Snapshot
12.1.2. Business Overview
12.1.3. Financial Overview
12.1.3.1. Revenue (USD Million), 2021
12.1.3.2. Migali Scientific 2021 Biomedical Refrigerators and Freezers Business Regional Distribution
12.1.4. Product/Service and Specification
12.1.5. Recent Developments & Business Strategy
12.2. Follett
12.3. Aegis Scientific
12.4. Azbil Corporation
12.5. Panasonic Healthcare Corporation.
12.6. Binder
12.7. Helmer Scientific
12.8. Eppendorf
12.9. Haier Biomedical
12.10. B Medical Systems
12.11. Arctiko
12.12. Thermo Fisher Scientific
12.13. Powers Scientific
12.14. Liebherr-International