This market research study presents a detailed segmentation of the global biomedical refrigerators and freezers market by product (blood bank and plasma freezers, laboratory refrigerators and freezers, and others), by end-user (healthcare, pharmaceuticals, research laboratories, and others), and by geography (Americas, APAC, Europe, and MEA). Key vendors in the market are Eppendorf, Haier BioMedical, Helmer Scientific, and Panasonic Biomedical.
Technavio’s market research analysts estimate the global biomedical refrigerator and freezer market to grow at a CAGR of around 4% between 2016 and 2020. Rise in expenditure on healthcare globally and the growing number of diagnostic and medical testing facilities across the world is boosting the demand for biomedical refrigerators and freezers. The majority of the demand for biomedical refrigerators and freezers is expected to come from the APAC region during eth forecast period. Currently, the Americas dominate the global biomedical refrigerator and freezer market, accounting for 44% of the total market share. Much of this region’s growth comes from the huge investments in research facilities from Brazil, Chile, and Columbia.
The new market research report from Technavio provides a breakdown and analysis of the biomedical refrigerator and freezer segments by technology.
“Of late, the market is witnessing increased emphasis on energy efficient refrigerators, owing to growing considerations over energy consumption. The manufacturers are looking for technologies to maximize efficiency and temperature uniformity while minimizing heat and energy consumption. Vendors are looking for alternative safe and effective refrigerants with better insulation and cooling properties. Recently, they have come up with secondary compressors for cascading compressor configuration, thereby minimizing energy usage,” says Amber Chourasia, Lead Analyst, Lab Automation and Health and Wellness, Technavio Research
The blood bank and plasma freezers segment leads the global biomedical refrigerator and freezer market, occupying more than 42% of the overall market revenue. Factors such as the extensive application of blood bank and plasma freezers in clinics, blood banks, hospitals, and other diagnostic facilities around the world and rise in blood donation initiatives will bolster the growth prospects of this segment during the forecast period.
The key vendors in the global biomedical refrigerator and freezer market are Eppendorf, Haier BioMedical, Helmer Scientific, and Panasonic Biomedical. This market is highly consolidated and dominated by the a few top players in the market. These vendors have a strong global presence with support centers worldwide, allowing them to cater to a larger market efficiently. The competitive environment is expected to increase in due to the product extensions, new products, and new applications of the products and services provided.
A more detailed analysis is available in the Technavio report, Global Biomedical Refrigerator and Freezer Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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