The global biomedical refrigerators and freezers market is exhibiting a CAGR of 4.7% between 2014 and 2022. The market was valued at US$2.6 bn in 2013. Owing to the multiple factors that are promoting its growth, this market should reach US$4.0 bn by the end of 2022, as discussed in a research report compiled by Transparency Market Research. The report is titled “Biomedical Refrigerators and Freezers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022” and is available for sale on the company website.

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According to the report, the key drivers of the global biomedical refrigerators and freezers market include high demand for advanced medical procedures, and an increasing demand for blood transfusion, vaccines, cellular therapies, and organ transplants. The high level of research and development activities in the relevant biotech fields is also propelling the global biomedical refrigerators and freezers market.

The report also presents a geographical analysis of the global biomedical refrigerators and freezers market, in which it is stated that North America led the market in 2013. The key reason for the region’s dominance was the highly developed infrastructure in the region’s health care industry, coupled with an increase in efforts taken by the industry of life sciences. This applies especially to the rising prevalence of cancer and neural diseases, both of which require the storage of biological samples.

The United States biomedical refrigerators and freezers market was valued at US$1.2 bn in 2013.In terms of types, the global biomedical refrigerators and freezers market was led by plasma freezers in 2013. This was created by an already high demand for blood transfusions and blood storage facilities. Developed economies such as the U.S. are constantly engaging the public in increasing their blood donation activities, along with the donation of platelets, or even financial donations to support the medical industry. This includes drives such as the SleevesUp Virtual Blood Drive, which was initiated by the National Red Cross in January, 2015.

The report also analyzes the Asia Pacific biomedical refrigerators and freezers market in terms of the presence of top players, the rising rates of awareness, the rapid rate of economic development, the lowering of medical costs to make them more affordable in rural areas, and the reduction in pressure exerted by government policies. As a result, this region is expected to possess the fastest CAGR in the global biomedical refrigerators and freezers market for the report’s given forecast period.

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The key vendors in the global biomedical refrigerators and freezers market are Helmer Scientific, Bionics Scientific Technologies (P) Ltd., Haier Bio-Medical,Eppendorf AG, Binder GmbH, DometicS.à.r.l., Biomedical Solutions, Inc. (BSI), Aegis Scientific, Inc., and Arctiko A/S.
Key segments of the Global Biomedical Refrigerators and Freezers Market

Global Biomedical Refrigerators and Freezers Market, by Type
• Ultra Low Freezers
• Plasma Freezers
• Shock Freezers
• Blood Bank Refrigerators
• Laboratory Refrigerators
• Laboratory Freezers
Global Biomedical Refrigerators and Freezers Market, by Application
• Hospitals
• Research Laboratories
• Pharmacies
• Diagnostic Centers
• Blood Banks
• Others
Global Biomedical Refrigerators and Freezers Market, by Geography
• North America
o U.S.
o Canada
• Europe
o U.K.
o Germany
o Italy
o Spain
o France
o Rest of Europe
• Asia-Pacific
o China
o Japan
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East and North Africa
o United Arab Emirates
o Saudi Arabia
o Rest of Middle East and North Africa
• Rest of the World

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