Biomedical Refrigerator And Freezer Market to grow by USD 1.27 Bn by 2026, Market Segmented by End-User, Product and Geography – Technavio – QNT Press Release

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NEW YORK, Oct. 25, 2022 /PRNewswire/ — The biomedical refrigerator and freezer market size is expected to grow by USD 1.27 billionat a CAGR of 6.04% from 2021 to 2026. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Factors such as the presence of value-added software and hardware products, rising demand for blood banks and hospitals, and increased cancer incidence will offer immense growth opportunities. Request Free Sample Report.

• By End-user
• The effective management and storage of blood and blood products depend on blood bank freezers. Due to rising sports injuries and car accidents, the expansion of different surgical procedures, the number of blood donors, and the rising incidence of various cancers, the blood bank sector is predicted to increase moderately throughout the projection period.
• Additionally, the expansion of the market is being fueled by the development of cutting-edge goods, the launch of compact refrigerators by manufacturers, and the presence of international and local vendors. The increasing number of hospitals and clinics that perform organ transplants, rising healthcare expenditures, and an increasing number of research activities with the growing requirement of blood components are also boosting the growth of the blood bank sector.
• By Product
• Plasma freezers and blood banks are frequently used in hospitals, clinics, blood banks, and other diagnostic institutions all over the world. Increased global blood donation programs and blood transfusions will fuel demand for these goods.
• By Geography
• North America will account for 42% of the market’s growth over the forecast period. In North Americathe biomedical refrigerator and freezer market is mostly based in the US. The market in this region will expand more quickly than Europe’s.
• The biomedical refrigerator and freezer market in North America will expand thanks to manufacturers’ growing emphasis on offering a comprehensive portfolio of refrigerator solutions, including biomedical refrigerators and freezers, to hospitals and diagnostic centers.

To know additional highlights and key points on various market segments and their impact in coming years, Buy Sample Report.

The market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Aegis Scientific: The company offers biomedical refrigerators and freezers such as GL RG 19M, 10Mand 16M Glacier series.
• Angelantoni Industrie Srl: The company offers biomedical refrigerators and freezers such as Hemosafe 2.0.
• ARCTIKO AS: The company offers biomedical freezers, refrigerators, and ultra-low-temperature freezers.
• Biomedical Solutions Inc.: The company offers biomedical refrigerators and freezers such as laboratory freezers, ultra-low freezers, and medical-grade freezers.
• Bionics Scientific Technologies Pvt. Ltd.: The company offers biomedical refrigerators and freezers such as laboratory deep freezers, plasma freezers, and ultra-low temperature freezers.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Download Free Sample Report.

• CAGR of the market during the forecast period
• Detailed information on factors that will assist biomedical refrigerator and freezer market growth during the next five years
• Estimation of the biomedical refrigerator and freezer market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior

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