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Biomedical Refrigerators and Freezers Market Trends

Report ID: GMI822
Published Date: Jul 2023
Report Format: PDF

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Biomedical Refrigerators and Freezers Market Trends

Growing emphasis on technological advancements and innovations in biomedical refrigerators led by multiple industry players will accelerate the market progression. For instance, Thermo Scientific introduced TSX Series high-performance freezers and refrigerators designed with features that support sample sustainability and protection. The integration of advanced features, including temperature control, monitoring systems, and precise storage capacity has improved the efficiency and reliability of these refrigerators. It also revolutionized the storage and preservation of biomedical products, such as vaccines, blood samples, and medications, further augmenting the market outlook.

Authors: Mariam Faizullabhoy , Pratiksha Kamthe

Frequently Asked Questions (FAQ) :

Biomedical refrigerators and freezers industry was worth USD 3.5 billion in 2022 and is poised to exhibit over 5.5% CAGR from 2023 to 2032, owing to the increasing government support for R&D activities and clinical trials.

The plasma freezers product segment amassed USD 1.1 billion in 2022 attributed to the rising demand for plasma-derived medicines such as immunoglobulins and clotting factors.

North America biomedical refrigerators and freezers market size is set to reach USD 2.4 billion by 2032 driven by the massive R&D investments as well as the ongoing developments in the pharmaceutical and biotechnology sectors.

Some of the major biomedical refrigerators and freezer providers are Azbil Corporation, Haier Biomedical, Eppendorf AG, Power Scientific, Inc., Liebherr-International AG, Aegis Scientific, Inc., Migali Scientific, Binder, Follett LLC, Helmer Scientific, and Thermo Fisher Scientific