Global Biomedical Refrigerators and Freezers Market 2024 Growth Drivers, Investment Opportunity And Product Developments 2027

Biomedical Refrigerators and Freezers Market – Snapshot

The biomedical refrigerator and freezer market dynamic is influenced by growing demand for biopharmaceuticals and organ transplant. Increasing demand for organ transplant as a result of an increase in the incidence of organ failure boosts demand for biomedical refrigerators and freezers globally. Furthermore, one of the main challenging factors affecting this industry is the high cost of the equipment and longer life span of the devices. Longer life span of devices reduces the purchasing frequency by end users. The biomedical refrigerator and freezer market is expected to provide opportunity to players who are manufacturing green technology based biomedical refrigerators and freezers.

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Growing government initiatives toward research activities and clinical trials has resulted in boosting the biomedical refrigerators and freezers market globally. Government organizations such as the Engineering and Physical Sciences Research Council (EPSRC), the Medical Research Council (MRC), and the Biotechnology and Biological Sciences Research Council (BBSRC) are supporting research activities in these areas. These factors are likely to increase the usage of biomedical refrigerators and freezers in order to store research samples such as DNAs, RNAs, and biological molecules. Furthermore, aging is associated with a large number of diseases and disorders, and elderly individuals often take more time to recover from these ailments. The geriatric population is more prone to common health conditions such as diabetes, cancer, heart problems, nerve issues, and organ system failure. Therefore, increase in geriatric population is anticipated to drive the growth of the global biomedical refrigerator and freezer market.

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Unscientific inventory management practices has led to blood transfusion errors across globe. Government of different countries are imposing strict regulation which will work as a key factor of this market growth. Several government agencies and NGOs are working on regulating the blood storage and collection activities. In U.S., these process is maintained by the Center for biologics evaluation and research (CBER). Increasing emphasis on protection of valuable biomedical inventory across the world is expected to fuel the global biomedical refrigerator and freezer market. Moreover, there has been increase in protection of valuable biomedical inventory across the world from manufacturing through distribution and storage, to end use. Proper transportation and storage of pharmaceuticals is necessary before they reach the end consumer, because any lag during this period might compromise its safety and efficiency. Increasing use of green technology in biomedical refrigerators and freezers is anticipated to expand the market. Usage of green technology-based equipment reduces the power consumption and increases its efficiency.

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Major players offering biomedical refrigerators and freezers are

  • Aegis Scientific, Inc.
  • Eppendorf AG
  • Haier Biomedical
  • Leibherr Group
  • Panasonic Healthcare Co.
  • Thermo Fisher Scientific, Inc.
  • Terumo Corporation
  • Philipp Kirsch GmbH
  • Helmer Scientific.

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