Biomedical Refrigerator and Freezer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Biomedical Refrigerator and Freezer market is segmented By Product Type (Plasma Freezers, Blood Bank Refrigerators, Laboratory Refrigerators, Laboratory Freezers, Others), By End User and Geography.

Biomedical Refrigerator and Freezer Market Snapshot

Biomedical Refrigerator and Freezer Market Snapshot
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.2 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The Biomedical Refrigerator and Freezer Market is expected to register a CAGR of 4.2% over forecast period. Biomedical refrigerators and freezers are storage containers mainly used for storing biological samples such as blood, DNA samples, vaccine, etc. Major factors which are expected to drive the biomedical refrigerator and freezer market growth are growing burden of diseases, increasing demand for organ transplantation and developing technology into products. According to World Health Organization, in 2018 around 116.3 million of infants got vaccinated against diphtheria-tetanus-pertussis (DTP). This drives the requirement for storing of vaccines and bio pharmaceuticals. Therefore, as the demand for vaccination is increasing the demand for biomedical refrigerator and freezers will also increase. But, biomedical refrigerator and freezer are quite expensive which is expected to hamper the biomedical refrigerator and freezer market growth.

Scope of the Report

A biomedical refrigerator and freezer are designed in such a way that it can store samples of biological origin at very low temperatures. Biomedical Refrigerator and Freezer Market is segmented By Product Type, End User and Geography.

By Product Type
Plasma Freezers
Blood Bank Refrigerators
Laboratory Refrigerators
Laboratory Freezers
Others
By End User
Hospital/ Clinics
Bio Banks
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

Report scope can be customized per your requirements. Click here.

Key Market Trends

Bio banks Segment is Expected to Hold a Major Share in the Biomedical Refrigerator and Freezer Market

  • Bio banks also known as bio repositories are used for storing biological samples mainly for research purposes, many of which includes genome therapy and personalized medicines. These specimens require huge amount of storage and at a very low temperature.
  • According to Canadian Health Measures Survey, the Canadian bio bank contains sample size of approximately 3700 DNA, 9200 of whole blood, and 14,900 plasma.
  • Furthermore, hospital segment is also expected to show a significant growth. As the number of hospitals are increasing the demand for storage of vaccines and drugs are also increasing. For instance, in the United States, the number of hospitals in 2016 was 5,534 which increased to 6,210 in 2017 as surveyed by American Hospital Association.
Biomedical Refrigerator and Freezers Market Trends Images.png

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America expected to hold a major market share in the global biomedical refrigerator and freezer market with increasing burden of diseases and increasing organ transplantation which might increase the demand for drug storage. Disability-Adjusted Life Years (DALYs) is a measuring tool for total burden of diseases, per 100,000 individuals. A region is considered with the best health rate when the DALYs is below 20,000. According to the study published by Institute for Health and Metrics Evaluation, United States rate of burden disease was 24,305 DALYs. Hence, these factors are expected to boost the demand for biomedical refrigerator and freezer, thereby expected to drive the market growth in this region.

Biomedical Refrigerator and Freezer Market - Growth Rate by Region

Competitive Landscape

The Biomedical Refrigerator and Freezer Market is fragmented and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Thermofisher Scientific Inc., Terumo BCT Inc., Arctiko, Froilabo SAS, LabRepCo, Philips Kirsch GmbH, PHC Corporations, Haier Biomedical and Helmer Scientific Inc.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Burden of Chronic Diseases

      2. 4.2.2 Increasing Demand for Organ Transplantation and Biopharmaceuticals

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Plasma Freezers

      2. 5.1.2 Blood Bank Refrigerators

      3. 5.1.3 Laboratory Refrigerators

      4. 5.1.4 Laboratory Freezers

      5. 5.1.5 Others

    2. 5.2 By End User

      1. 5.2.1 Hospital/ Clinics

      2. 5.2.2 Bio Banks

      3. 5.2.3 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Aegis Scientific Inc.

      2. 6.1.2 Arctiko

      3. 6.1.3 Froilabo SAS

      4. 6.1.4 Haier Biomedical

      5. 6.1.5 Helmer Scientific Inc.

      6. 6.1.6 LabRepCo

      7. 6.1.7 PHC Corporations

      8. 6.1.8 Philips Kirsch GmbH

      9. 6.1.9 Thermofisher Scientific Inc.

      10. 6.1.10 Terumo BCT, Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Biomedical Refrigerator and Freezer Market market is studied from 2018 - 2026.

The Biomedical Refrigerator and Freezer Market is growing at a CAGR of 4.2% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Terumo BCT, Inc. , Arctiko, PHC Corporations, Haier Biomedical, Philips Kirsch GmbH are the major companies operating in Biomedical Refrigerator and Freezer Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!