Biomedical Refrigerators Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Haier, Sanyo (Panasonic), Dometic, Zhongke Meiling

Registering a CAGR of 6.44% over the forecast period, the global biomedical refrigerators market is anticipated to reach the market value of US$ 6.62 billion in the year 2026 from US$ 4.56 billion in the year 2020.

Biomedical Refrigerators Market Overview

The term refrigeration means cooling a substance, space or system in order to lower and/or maintain its temperature below the current one. In simpler terms, refrigeration means human made or artificial cooling. Energy in the form of heat is transferred to high-temperature reservoir from low-temperature reservoir.Bio-medical refrigerators are medical equipment which are used to store a variety of samples of derivatives of blood, blood, vaccines, flammable chemicals, ribonucleic acid, biological reagents, medicines and more. These mentioned products offer optimal conditions and ensure efficient storage required for biological samples.Because of researchers are focusing on developing innovative products and techniques for treatment procedures, the freezer monitors market is expected to grow at high rate. Demand for biomedical refrigerators is expected to grow further from research and educational institute however, high cost of these refrigerators is expected to hinder the market growth.

An important factor propelling the market is the replacement of conventional refrigerators by biomedical refrigerators which in turn has a positive impact on environment as the greenhouse emission is controlled in biomedical refrigerators. However, high cost and complex installation can lead can act as challenge for the growth of the market.As researchers are increasingly focusing on developing innovative techniques and products for treatment procedures, the freezer monitors market is expected to surge across the world over the forecast period.Demand for medical refrigerators is further expected to witness significant demand from educational and research institutes. Bound to these factors, the global refrigerators market is expected to witness significant growth over the next ten years.

Recent Development-

February 4, 2021: Follett Products, LLC (Follett), a division of The Middleby Corporation, and PHC Corporation of North America (PHCNA) have announced the formation of a partnership to market and sell the PHCbi line of ultra-low temperature (ULT) freezers, pharmaceutical grade refrigerators, and biomedical freezers to Follett's healthcare customers.

Who are the Major Players in Biomedical Refrigerators Market?

Top Key players in the Biomedical Refrigerators Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Biomedical Refrigerators Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Haier, Sanyo (Panasonic), Dometic, Zhongke Meiling, Thermo, AUCMA, Helmer, Follett, ABS, Labcold, LEC, Philipp Kirsch GmbH, Migali Scientific, Yifulian, Aoxue, Gram Commercial A/S, Iceshare, Fiocchetti, TEMPSTABLE.

What are the major Applications, Types and Regions for Biomedical Refrigerators Market?

By Type, Biomedical Refrigerators Market has been segmented into 

• Low temperature refrigerator


• Ultra-low temperature refrigerator


• Other

By Application, Biomedical Refrigerators Market has been segmented into

• Blood bank


• Pharmacy


• Laboratory


• Other

Regional Analysis-

North America and Europe accounted for largest share of the global biomedical refrigerators and freezers market in 2018, owing to factors such as increasing prevalence of chronic disease like cancer that is resulting in boosting the demand for blood transfusions, biomedical products, and DNA-based medications, thereby increasing the global biomedical refrigerator and freezers in the region. Asia Pacific market is growing at a faster pace due to increasing number of blood banks, laboratories, and pharmacies in emerging countries such as China, India and Japan that is resulting in more adoption of biomedical refrigerators and freezers in these countries. Middle East Africa and Latin America market is growing moderately and expected to register a moderate CAGR by the end of the forecast period.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

What is our Biomedical Refrigerators Market report scope?

Key Takeaways from this Biomedical Refrigerators Report

• Evaluate Biomedical Refrigerators market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.


• Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.


• Analyze the sales and distribution channels across key geographies to improve top-line revenues.


• Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Biomedical Refrigerators market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Biomedical Refrigerators Market is studied from 2017 - 2027.

What is the growth rate of Biomedical Refrigerators Market?

The Biomedical Refrigerators Market is growing at a CAGR of 6.44% over the next 5 years.

Who are the leading key players in Biomedical Refrigerators Market?

Haier, Sanyo (Panasonic), Dometic, Zhongke Meiling, Thermo, AUCMA, Helmer, Follett, ABS, Labcold, LEC, Philipp Kirsch GmbH, Migali Scientific, Yifulian, Aoxue, Gram Commercial A/S, Iceshare, Fiocchetti, TEMPSTABLE.

What regions do this Biomedical Refrigerators Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What is the significant Types of Biomedical Refrigerators Market?

Low temperature refrigerator, Ultra-low temperature refrigerator, Other

What is the significant Applications of Biomedical Refrigerators Market?

Blood bank, Pharmacy, Laboratory, Other

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