Biomedical Refrigerators & Freezers Market by Product Type, End User

Description

List of Tables

[198 Pages Report] The Biomedical Refrigerators & Freezers Market size was estimated at USD 5.16 billion in 2022 and expected to reach USD 5.49 billion in 2023, at a CAGR 6.40% to reach USD 8.48 billion by 2030.

Global Biomedical Refrigerators & Freezers Market

KEY MARKET STATISTICS
Base Year [2022]	USD 5.16 billion
Estimated Year [2023]	USD 5.49 billion
Forecast Year [2030]	USD 8.48 billion
CAGR (%)	6.40%

Biomedical Refrigerators & Freezers Market - IMG1

Biomedical refrigerators and freezers are specialized cooling units designed for the safe storage of biological specimens, pharmaceuticals, vaccines, and other temperature-sensitive medical or scientific materials. These devices are essential in various medical, research, and clinical settings to ensure the integrity of the materials by maintaining specific, controlled temperature conditions. Unlike standard commercial refrigeration equipment, biomedical refrigerators and freezers offer more precise temperature controls, have alarm systems for monitoring and security, and often include features that minimize temperature fluctuations to safeguard the products stored within. The increasing demand for the safe storage of blood and blood derivatives, vaccines, and other biologics has significantly driven the biomedical refrigerators and freezers market. Technological advancements, along with stringent regulations regarding the proper handling of biological samples, are other key factors propelling market growth. Furthermore, the expanding biotechnology and pharmaceutical sectors, combined with a rise in research activities worldwide, have led to an increased requirement for these specialized refrigeration units. Despite the growth prospects, the high cost of energy-efficient units coupled with the presence of stringent regulatory guidelines for the manufacturing and operations of biomedical refrigerators and freezers impose considerable challenges for market players. The emergence of smart and connected biomedical refrigerators and freezers presents vast opportunities for market expansion. The ongoing efforts to upgrade old equipment in hospitals and blood banks and the introduction of advanced preservation methods open up new avenues for market expansion.

Regional Insights

The biomedical refrigerators and freezers market in the Americas has shown robust growth, driven largely by the increasing demand for the storage of medical supplies, vaccines, and biological samples. Technological advancements and stringent regulatory policies regarding the proper storage of biomedical products have also supplemented market growth. The presence of established healthcare companies and the ongoing investments in pharmaceutical and biotechnology industries, particularly in the United States and Canada, are significant contributors to the regional market's growth. The EMEA region presents a diverse market landscape for biomedical refrigerators and freezers. European countries, with their well-established healthcare infrastructure and research institutions, continue to fuel market growth. Middle Eastern countries are observing a surge in demand, which is attributed to increased healthcare expenditures and an evolving research sector. Meanwhile, Africa's market is emerging, displaying potential due to a growing focus on healthcare system improvements and vaccination programs. Asia-Pacific is witnessing the fastest growth in the biomedical refrigerators and freezers market, attributed to a rise in healthcare initiatives, a growing population, and an expanding network of hospitals and blood banks in China and India. Additionally, the region's growing reputation as a hub for pharmaceutical and biomedical research, coupled with increasing investments by public and private sectors in healthcare infrastructure, are drivers for the substantial market growth forecasted for APAC.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Biomedical Refrigerators & Freezers Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Biomedical Refrigerators & Freezers Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Biomedical Refrigerators & Freezers Market, highlighting leading vendors and their innovative profiles. These include Aegis Scientific, Alphatec Scientific, Arctiko A/S, B Medical Systems S.a r.l., Binder GmbH, Biobase Biodusty(Shandong), Co., Ltd., C.F. di Ciro Fiocchetti & C. s.n.c.,, Cardinal Health, Inc., Desmon SpA, Eppendorf SE, Ethicheck Ltd., F.lli Della Marca s.r.l., Felix Storch, Inc., Follett Products, LLC, Helmer Scientific Inc. by Trane Technologies, PLC, ilShinBioBase Co Ltd., Labfirst Scientific Instruments (Shanghai) Co., Ltd, LEC Medical by Glen Dimplex Group, Liebherr-International Deutschland GmbH, Meditech Technologies India Pvt Ltd., Migali Industries Inc., PHC Holdings Corporation, Philipp Kirsch GmbH, Powers Scientific, Inc., Qingdao Antech Scientific Co., Ltd., So-Low Environmental Equipment Co., Inc., Terumo Corporation, Thermo Fisher Scientific Inc., tritec Gesellschaft fur Labortechnik und Umweltsimulation m.b.H, Vestfrost Solutions, and Zhongke Meiling Cryogenics Co.,Ltd..

Market Segmentation & Coverage

This research report categorizes the Biomedical Refrigerators & Freezers Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product Type
- Blood Bank Refrigerators
- Laboratory/Pharmacy/Medical Refrigerators
- Plasma Freezers
- Shock Freezers
- Ultra-low Temperature Freezers
End User
- Blood Banks
- Diagnostic Centers
- Hospitals
- Pharmacies
- Research Laboratories
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Biomedical Refrigerators & Freezers Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Biomedical Refrigerators & Freezers Market?

3. What are the technology trends and regulatory frameworks in the Biomedical Refrigerators & Freezers Market?

4. What is the market share of the leading vendors in the Biomedical Refrigerators & Freezers Market?

5. Which modes and strategic moves are suitable for entering the Biomedical Refrigerators & Freezers Market?

Product Code: MRR-437D45957CDC

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Biomedical Refrigerators & Freezers Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increased Government Initiatives Supporting Development of Medical Cold Chain
  - 5.1.1.2. Rising Government Support for Research Activities and Clinical Trials
  - 5.1.1.3. Need for Exceptionally Stable Temperature for the Storage of Biomedical Material
- 5.1.2. Restraints
  - 5.1.2.1. High Cost Coupled with Increased Availability of Refurbished Equipment
- 5.1.3. Opportunities
  - 5.1.3.1. Advances Increasing Demand for Biopharmaceuticals and Organ Transplantation Globally
  - 5.1.3.2. Design and Technological Advancements in Biomedical Refrigerators and Freezers
- 5.1.4. Challenges
  - 5.1.4.1. Handling and Sanitation Challenges
5.2. Market Segmentation Analysis
- 5.2.1. Product Type: Growing demand for plasma freezers to maintain the plasma's efficacy in laboratories
- 5.2.2. End User: High preferences for compact refrigerators and freezers in diagnostic centers
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter's Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization

6. Biomedical Refrigerators & Freezers Market, by Product Type

6.1. Introduction
6.2. Blood Bank Refrigerators
6.3. Laboratory/Pharmacy/Medical Refrigerators
6.4. Plasma Freezers
6.5. Shock Freezers
6.6. Ultra-low Temperature Freezers

7. Biomedical Refrigerators & Freezers Market, by End User

7.1. Introduction
7.2. Blood Banks
7.3. Diagnostic Centers
7.4. Hospitals
7.5. Pharmacies
7.6. Research Laboratories

8. Americas Biomedical Refrigerators & Freezers Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Biomedical Refrigerators & Freezers Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Biomedical Refrigerators & Freezers Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. FPNV Positioning Matrix
11.2. Market Share Analysis, By Key Player
11.3. Competitive Scenario Analysis, By Key Player
- 11.3.1. New Product Launch & Enhancement
  - 11.3.1.1. Haier Biomedical Introduces Revolutionary TwinCool Frequency Conversion ULT Freezers
  - 11.3.1.2. Amerigo Scientific Launches Ultra Low Temperature Freezers (-40°C to -86°C) for Lab Sample Storage
  - 11.3.1.3. PHC Corporation of North America Launches PHCbi Brand VIP ECO SMART Ultra-Low Temperature Freezer with Industry-Leading Energy Efficiency

12. Competitive Portfolio

12.1. Key Company Profiles
- 12.1.1. Aegis Scientific
- 12.1.2. Alphatec Scientific
- 12.1.3. Arctiko A/S
- 12.1.4. B Medical Systems S.a r.l.
- 12.1.5. Binder GmbH
- 12.1.6. Biobase Biodusty(Shandong), Co., Ltd.
- 12.1.7. C.F. di Ciro Fiocchetti & C. s.n.c.,
- 12.1.8. Cardinal Health, Inc.
- 12.1.9. Desmon SpA
- 12.1.10. Eppendorf SE
- 12.1.11. Ethicheck Ltd.
- 12.1.12. F.lli Della Marca s.r.l.
- 12.1.13. Felix Storch, Inc.
- 12.1.14. Follett Products, LLC
- 12.1.15. Helmer Scientific Inc. by Trane Technologies, PLC
- 12.1.16. ilShinBioBase Co Ltd.
- 12.1.17. Labfirst Scientific Instruments (Shanghai) Co., Ltd
- 12.1.18. LEC Medical by Glen Dimplex Group
- 12.1.19. Liebherr-International Deutschland GmbH
- 12.1.20. Meditech Technologies India Pvt Ltd.
- 12.1.21. Migali Industries Inc.
- 12.1.22. PHC Holdings Corporation
- 12.1.23. Philipp Kirsch GmbH
- 12.1.24. Powers Scientific, Inc.
- 12.1.25. Qingdao Antech Scientific Co., Ltd.
- 12.1.26. So-Low Environmental Equipment Co., Inc.
- 12.1.27. Terumo Corporation
- 12.1.28. Thermo Fisher Scientific Inc.
- 12.1.29. tritec Gesellschaft fur Labortechnik und Umweltsimulation m.b.H
- 12.1.30. Vestfrost Solutions
- 12.1.31. Zhongke Meiling Cryogenics Co.,Ltd.
12.2. Key Product Portfolio

13. Appendix

13.1. Discussion Guide
13.2. License & Pricing