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Biomedical Refrigerators Market: Incur Rapid Extension During 2018 – 2026

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Biomedical refrigerators are medical equipment used for storing various biological samples such as biological reagents, medicines, vaccines, blood, blood derivatives, deoxyribonucleic acid (DNA), ribonucleic acid (RNA), and flammable chemicals.
Biomedical Refrigerators Market: Worldwide Top
Players Revenue and Forecasts To 2026
Biomedical Refrigerators Market - Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2018-2026
Biomedical refrigerators are medical equipment used for storing various biological samples such as
biological reagents, medicines, vaccines, blood, blood derivatives, deoxyribonucleic acid (DNA),
ribonucleic acid (RNA), and flammable chemicals. Samples with biological origin require accurate
conditions for effective storage, which is more effectively provided by biomedical refrigerators in
compared with domestic refrigerators. Samples of biological origin are usually available in blood
banks, research laboratories, hospitals, educational institutes, and diagnostic centers. Biomedical
refrigerators maintain hygiene and consistent temperature in order to reduce the risk of bacterial
contamination and explosions of unstable materials, due to which these refrigerators are widely used in
blood banks, biomedical laboratories and hospitals. Biomedical refrigerators feature distinct
compartments so as to prevent cross contamination and can hold a variety of medical supplies such as
blood or vaccines.
Escalating demand for cellular therapies, blood transfusions, organ transplant, and biopharmaceuticals
is stimulating growth of the biomedical refrigerators market. In addition, increasing biomedical R&D
activities is boosting demand for biomedical refrigerators, to store biological samples. However,
presence of large number of local players and increasing use of renewed equipment are some of the
factors hampering growth of the global biomedical refrigerators market. Rampant advancements in
technology and infrastructural upgrade of clinics, hospitals, and research laboratories, is expected to
fuel growth of the global biomedical refrigerators market over the forecast period.
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Biomedical Refrigerators Market
On the basis of product type, the biomedical refrigerator market:
•Blood Bank Refrigerators
•Laboratory Refrigerators
On the basis of end user, the biomedical refrigerator market:
•Hospitals
•Pharmacies
•Diagnostic Centers
•Research Laboratories
•Blood Banks
Factors such as increasing importance on energy-efficient refrigerators are driving the prospects for
growth of the biomedical refrigerators market. A major challenge faced by the market includes
reduction in energy consumption. According to the current standards, refrigerants are required to have
minimum global warming potential, an ozone depleting potential of zero, and be nontoxic as well as
inflammable. It is highly challenging to adhere to these standards while maintaining a stable
temperature control.
Therefore, manufacturers are focusing on developing technologies to maximize efficiency and
temperature consistency, while minimizing heat and energy consumption. Improvement of healthcare
infrastructure due to the increasing support from government and industry participants to provide
technical and financial assistance in procurement of biomedical refrigerators is a positive trend
witnessed in the market. These factors in turn, are expected to boost growth of the market in the near
future.
Key players operating in the global biomedical refrigerators market include Thermo Fisher
Scientific, Aegis Scientific, Inc., Panasonic Healthcare Co. Ltd., Eppendorf AG, Terumo
Corporation, Haier Biomedical, Philipp Kirsch GmbH, Leibherr Group, Inc., and Helmer
Scientific.
North America holds the maximum market share, majorly attributed to presence of high quality
standards and high expenses on hospital and healthcare infrastructure in the region. The U.S. spends
major share of its GDP toward healthcare, with an aim to improve patient care, reduce the wastage of
pharmaceutical and biological components. Growing prevalence of chronic diseases coupled with
increasing geriatric population, is triggering research and development that requires appropriate
biomedical storage of samples. This is significantly driving the number of blood transfusion
procedures, consumption of various pharmaceutical products. Click To Read More On Biomedical
Refrigerators Market.
This in turn, is boosting demand for biomedical refrigerators across all the end-use segments. Emerging
economies such as India, China, and Indonesia are increasingly boosting the expenditure on healthcare
infrastructure and medical services. This results in Asia Pacific to emerge as a key medical tourism
destination, with the government and private sectors increasingly investing significant resources to the
reach the service quality standards adopted in the western regions.
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