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Biomedical Refrigerators and Freezers Market – Share, Size, Competitive Analysis, Global Report to 2024 Released

The expansion of biomedical refrigerators and freezers market has been steadily supported by rapidly increasing demand for blood and organ donation, in addition to robust global demand for upgraded technological advancements in healthcare services.

Selbyville, United states - July 20, 2018 /MarketersMedia/

Given the severely harmful impact of hydrofluorocarbons on human health, the search for eco-friendly refrigerating solutions has emerged as a prominent trend, that has been promptly taken note of by leading electronic product manufacturers. LG for instance, has been majorly proactive in biomedical refrigerators and freezers market with its portfolio of environment-friendly solutions. The company, at the At CES 2018, unveiled a range of connected home appliances, including a suite of refrigerators designed to be controlled by LG’s SmartThinQ app. This interconnected ecosystem apparently helps save humongous amounts of time and energy by merely controlling the appliance with the app.

MarketStudyReport.com offers a report titled Biomedical Refrigerators And Freezers Market Size By Product (Plasma Freezers, Blood Bank Refrigerators, Lab Refrigerators, Lab Freezers, Ultra Low Temperature Freezers, Shock Freezers), By End use (Blood Banks, Pharmacies, Hospitals, Research Labs, Diagnostic Centers), Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Spain, Italy, Russia, Ukraine, Poland, China, Japan, India, Australia, Malaysia, Indonesia, Thailand, Brazil, Mexico, Argentina, South Africa, UAE, Saudi Arabia, Qatar, Kuwait, Egypt), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 2024 in its online reports store

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As per this research, the global biomedical refrigerators and freezers market size will exceed USD 3.4 billion by 2024. Plasma freezers attributed for over 30% of biomedical refrigerators and freezers market share in 2015, owing to growing demand for fresh frozen plasma (FPP) and increasing number of apheresis procedures worldwide. Blood bank was valued at over USD 932 million, while hospital was the second-highest revenue generating segment with USD 543.2 million in 2015. Pharmacies and diagnostic centers should witness substantial growth over the forecast timeframe owing to their growing popularity and acceptance in developing economies.

Key insights from the report include:

• Global Biomedical refrigerator and freezer market will reach to USD 3.49 billion by 2024 growing at 4.0% CAGR from 2016 to 2024, due to increasing number of blood banks, research laboratories, diagnostic centers, hospitals and educational institutes.
• Germany biomedical refrigerators and freezers market size was USD 177.7 million in 2015 with robust growth of 3.2% over the forecast period, owing to presence of leading industry participants in this region and increasing adoption of technologically advanced products.
• China biomedical refrigerators and freezers market share was over 35% in 2015 and it is expected to continue and surpass USD 259 million by 2024.
• Brazil biomedical refrigerators and freezers market size was over USD 68 million in 2015 contributing to over 52% of regional share and anticipated to exceed USD 107 million by 2024.
• South Africa biomedical refrigerators and freezers market size was over USD 28 million in 2015 growing at a robust 4.2% over the forecast period to reach USD 42.3 million in 2024.
• Saudi Arabia biomedical refrigerators and freezers market size was over USD 39 million in 2015, growing at 3.8% from 2016 to 2024.

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Key industry participants include Eppendorf, Aegis Scientific, Haier Biomedical, Philipp Kirsch, Leibherr, Helmer Scientific, Thermo Fisher Scientific, Panasonic Healthcare, and Terumo Corporation. Strong industry competition exists due to introduction of technologically advanced and innovative products and companies strive to retain their market position by developing more eco-friendly refrigerators and freezers.

Complete report titled Biomedical Refrigerators And Freezers Market Size By Product (Plasma Freezers, Blood Bank Refrigerators, Lab Refrigerators, Lab Freezers, Ultra Low Temperature Freezers, Shock Freezers), By End use (Blood Banks, Pharmacies, Hospitals, Research Labs, Diagnostic Centers), Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Spain, Italy, Russia, Ukraine, Poland, China, Japan, India, Australia, Malaysia, Indonesia, Thailand, Brazil, Mexico, Argentina, South Africa, UAE, Saudi Arabia, Qatar, Kuwait, Egypt), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 2024 of 145 pages and published in November, 2016 is now available at https://www.marketstudyreport.com/reports/biomedical-refrigerators-and-freezers-market

Out of the scope of this report, another pivotal factor responsible for the expansion of biomedical refrigerators and freezers market is the rapidly increasing demand for blood and organ donation. According to statistics, as on April 2018, around 114,000 U.S. adults and children have been enlisted on the national transplant waiting list. Currently, around 54% of the U.S. population has signed up for organ donation, a figure that is predicted to increase in the ensuing years. Recently, a student from the Loughborough University brainstormed a refrigeration tank that would extend the shelf life of fragile medical supplies such as vaccines and organs. With the robust rise in organ donors, the demand for biomedical refrigeration solutions is expected to soar several notches higher, subsequently driving biomedical refrigerators and freezers market trends.

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Source URL: https://marketersmedia.com/biomedical-refrigerators-and-freezers-market-share-size-competitive-analysis-global-report-to-2024-released/381267

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Source: MarketersMedia

Release ID: 381267

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