Biomedical Refrigerators and Freezers Market Size by Product, By End-use, Global Forecast 2023- 2032

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Biomedical refrigerators and freezers market size is predicted to observe more than 5.5% CAGR from 2023 to 2032. The growing focus on research and development activities in the healthcare sector is influencing the market growth. Additionally, the need to store and preserve biological samples, vaccines, and pharmaceuticals at precise temperatures has become imperative, driving demand for advanced refrigeration solutions.

Furthermore, the rise in chronic diseases and the necessity for vaccines and blood transfusions have contributed to the market's growth. According to the WHO, if the number of non-communicable diseases continues to grow at the current pace, by 2050, chronic diseases like cancer, CVDs, respiratory illness, and diabetes are expected to account for 86% of the 90 million deaths happening each year.

The overall biomedical refrigerators and freezers market is divided based on product, end-use, and region.

The blood bank refrigerators product segment is anticipated to exhibit robust growth from 2023 to 2032. These specialized refrigerators play a pivotal role in ensuring the safety and viability of blood and blood components. With the increasing demand for blood transfusions and the constant need for blood storage in healthcare facilities, blood bank refrigerators have become indispensable. Ongoing advancements in these refrigerators, such as temperature monitoring and alarm systems, are enhancing their performance, reliability, and safety, ultimately saving lives.

The diagnostic centers end-use segment is expected to observe over 6% CAGR from 2023 to 2032. Advancements in medical research and diagnostics require precise temperature control to store sensitive biological samples and vaccines, promoting the need for specialized equipment. Additionally, the global expansion of healthcare infrastructure, especially in developing countries, is fueling demand as more diagnostic centers emerge. The ongoing pandemic has also emphasized the importance of vaccine storage, further boosting the demand for reliable and efficient refrigeration solutions in healthcare settings.

The Europe biomedical refrigerators and freezers market size is predicted to witness a sizeable CAGR through 2032. The presence of a well-established healthcare infrastructure, stringent regulations on the storage of medical specimens, and a strong emphasis on research and development contribute significantly to the market's growth in this region. European manufacturers are at the forefront of innovation, creating cutting-edge solutions that cater to the unique requirements of the healthcare industry. As Europe continues to invest in healthcare infrastructure and research, the demand for biomedical refrigeration solutions is expected to remain strong.

Product Code: 822

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimates & working
- 1.2.1 Data collection
1.3 Forecast calculations
1.4 COVID-19 impact analysis at global level
1.5 Data validation
1.6 Data sources
- 1.6.1 Primary
- 1.6.2 Secondary
  - 1.6.2.1 Paid sources
  - 1.6.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Biomedical refrigerators and freezers industry 360 degree synopsis, 2018 - 2032 (USD Million)
2.2 Business trends
2.3 Regional trends (USD Million & Units)
2.4 Product trends (USD Million & Units)
2.5 End-use trends

Chapter 3 Biomedical Refrigerators and Freezers Industry Insights

3.1 Industry ecosystem analysis
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Rising government support for research activities and clinical trials
  - 3.2.1.2 Technological advancements in biomedical refrigerators and freezers
  - 3.2.1.3 Increasing geriatric population base
  - 3.2.1.4 Growing demand for biopharmaceuticals and organ transplantation globally
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 High cost coupled with growing use of refurbished equipment
3.3 Growth potential analysis
- 3.3.1 By product
- 3.3.2 By end-use
3.4 COVID-19 impact analysis
3.5 Technology landscape
3.6 Regulatory landscape
- 3.6.1 U.S.
- 3.6.2 Europe
3.7 Porter's analysis
3.8 PESTEL analysis

Chapter 4 Competitive landscape, 2022

4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Competitive dashboard, 2022
4.4 Company market share analysis, 2022
4.5 Vendor matrix analysis, 2022
4.6 Competitive analysis of major market players
4.7 Competitive positioning matrix
4.8 Strategic outlook matrix

Chapter 5 Biomedical Refrigerators and Freezers Market Market Size and Forecast, By Product (USD Million & Units)

5.1 Key trends, by product
5.2 Plasma Freezers
5.3 Blood Bank Refrigerators
5.4 Lab Refrigerators
5.5 Lab Freezers
5.6 Ultra-low Temperature Freezers
5.7 Shock Freezers

Chapter 6 Biomedical Refrigerators and Freezers Market Size and Forecast, By End-use (USD Million)

6.1 Key trends, by end-use
6.2 Blood Banks
6.3 Pharmacies
6.4 Hospitals
6.5 Research Labs
6.6 Diagnostic Centers
6.7 Others

Chapter 7 Biomedical Refrigerators and Freezers Market Size and Forecast, By Region (USD Million & Units)

7.1 Key trends, by region
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Russia
- 7.3.7 Ukraine
- 7.3.8 Poland
7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 Japan
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 Malaysia
- 7.4.6 Indonesia
- 7.4.7 Thailand
7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Argentina
7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 South Africa
- 7.6.3 UAE
- 7.6.4 Qatar
- 7.6.5 Kuwait
- 7.6.6 Egypt

Chapter 8 Company Profiles

8.1 Aegis Scientific, Inc.
8.2 Azbil Corporation
8.3 Binder
8.4 Eppendorf AG
8.5 Follett LLC
8.6 Haier Biomedical
8.7 Helmer Scientific
8.8 Liebherr-International AG
8.9 Migali Scientific
8.10 Power Scientific, Inc.
8.11 Panasonic Healthcare Corporation
8.12 Thermo Fisher Scientific
8.13 Arctiko A/S
8.14 B Medical Systems