About Biomedical Refrigerators
Biomedical refrigerator is the medical equipment which is used to store the samples such as blood, DNA, RNA, vaccines, medicines and flammable chemicals. Some sample are stored in -70°C and low temperatures. As compared to domestic refrigerators, biomedical refrigerators provides better conditions for storage. Rising demand of biomedical refrigerators in research labs and pharmaceutical companies is helping the market to grow.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Biomedical Refrigerators market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Haier (China), Sanyo (Japan), Dometic (Sweden), Zhongke Meiling (China), Thermo (United States), AUCMA (China), Helmer (United States), Follett (United States), ABS (India) and Labcold (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are LEC (United Kingdom), Philipp Kirsch GmbH (Germany) and Migali Scientific (United States).
Segmentation Overview
AMA Research has segmented the market of Global Biomedical Refrigerators market by Type (Blood Bank Refrigerators, Laboratory Refrigerators, Plasma Freezers, Ultra Low Freezers, Laboratory Freezers, Shock Freezers and Cryogenic Storage Systems), Application (Hospitals, Pharmacies, Diagnostic Centers, Research Laboratories and Blood Banks) and Region.
On the basis of geography, the market of Biomedical Refrigerators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Temperature range, the sub-segment i.e. Ultra-low temperature will boost the Biomedical Refrigerators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Chronic Diseases Leading to Rising Research Activities
Market Growth Drivers:
Increasing Need for Blood Transfusion and Personalized Medicines, Increasing Research and Development in Biomedical and Requirement to Provide Thermal Insulation
Challenges:
High Competition Due to the Availability of Large Number of Players and Increasing Preference towards the Refurbished Equipment
Restraints:
Stringent Government Regulations are Hampering the Market and High Costs Associated with the Product
Opportunities:
Rising Awareness of Blood Donation and Increasing Number of Blood Banks is Creating a Demand for the Biomedical Refrigerator and Rising Geriatric Population Globally
Market Leaders and their expansionary development strategies
In 2019, Thermo Fisher Scientific Inc. announced that it has completed the acquisition of Brammer Bio, a leader in viral vector manufacturing for gene and cell therapies.
In October 2023,Haier Biomedical is pleased to announce the launch of its new line of energy efficient TwinCool Frequency Conversion ULT Freezers for pharmaceutical, clinical research and public health laboratories. This innovative range of sample storage solutions combines several novel technologies – including frequency conversion compressors for low power consumption and a dual refrigeration system – to keep samples safe and secure, with minimal impact on the environment.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.