Biomedical Refrigerators and Freezers Market - Global Industry Analysis, Trends and Forecast 2014 - 2022
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Healthcare agencies are laying greater emphasis on appropriate storage and handling of biomedical samples and drugs. This has necessitated the use of biomedical refrigerators and freezers – a special class of medical equipment that helps store enzymes, drugs, vaccines, biomedical samples, blood products and biopharmaceuticals at precisely-controlled temperatures. The growing demand for such equipment from hospitals, diagnostics labs, research laboratories, and blood banks has led to the expansion of the global biomedical refrigerators and freezers market. Until a few years ago, the demand for biomedical refrigerators and freezers came from the traditional markets. But this situation has long changed with the breakneck speed at which the healthcare industry is growing in developing and emerging countries.
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In the Near Future, Research Laboratories Will Create Highest Demand for Biomedical Refrigerators and Freezers
On the basis of application, analysis from 2013 shows that blood banks accounted for the leading share of the biomedical refrigerators and freezers market. This was due to the use of high-cost biomedical freezers and refrigerators in these facilities. Between 2014 and 2022, the fastest CAGR will be reported by the research laboratories segment at 5.2%.
From the geographical standpoint, North America has traditionally been the leader in the biomedical refrigerators and freezers market. In the United States, the value of the biomedical refrigerators and freezers market was pegged at US$1,215.99 million as of 2013 making it the largest market within North America. However, companies looking to expand globally are now venturing enthusiastically into the Asia Pacific region because of the relatively friendly regulatory environment here. This will lead the APAC biomedical refrigerators and freezers market to exhibit the fastest CAGR to 2022.
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Penetration of Biological Drugs Bodes Well for Biomedical Refrigerators and Freezers Market; High Costs Seen as Growth Hindrance
With increased funding from various sources, research and development activities in the pharmaceutical and life sciences sectors have seen an upswing. Such activities almost invariably call for the use of biomedical refrigerators and freezers. In addition, there are a number of other factors driving the growth of the biomedical refrigerators and freezers market. The most important one among these is the increased availability of biopharmaceuticals or biological drugs. These drugs need to be stored within a certain temperature range to keep their properties intact. The other factors that have brought about the expansion of the global biomedical refrigerators and freezers market are: Increasing aging population, favorable healthcare programs by governments, and greater technological innovation.
Despite a marked increase in the number of biomedical refrigerators and freezers shipped worldwide, products offered by international companies still carry a relatively high price tag. This has deterred consumers from investing heavily in biomedical freezers or refrigerators. As an affordable alternative, consumers (especially in cost-sensitive markets) typically opt for refurbished biomedical refrigerators and freezers.
Plasma Freezers Occupy Largest Market Share; Analysts Expect Medical Freezers to See Augmented Demand
An analysis of the market shows that as of 2013, the plasma freezers segment was the largest (31%) in the global biomedical refrigerators and freezers market. This demand for plasma freezers is high because the demand for both blood component and fresh frozen plasma storage is witnessing an upswing. There has also been a notable rise in apheresis procedures conducted worldwide, which will contribute positively to the growth of the biomedical refrigerators and freezers market. The highest demand for plasma freezers is expected to stem from blood banks, hospitals, and research laboratories. With several new diagnostic centers and medical facilities now dotting the healthcare industry’s landscape, heightened demand for medical/laboratory/pharmacy freezers is expected.
Browse Full Global Biomedical Refrigerators and Freezers Market Report With Complete TOC @ http://www.transparencymarketresearch.com/biomedical-refrigerators-freezers-market.html
About us:
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Contact us:
Mr. Nachiket
Transparency Market Research
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Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
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Browse Full Article: http://www.transparencymarketresearch.com/article/biomedical-refrigerators-freezers-market.htm
In the Near Future, Research Laboratories Will Create Highest Demand for Biomedical Refrigerators and Freezers
On the basis of application, analysis from 2013 shows that blood banks accounted for the leading share of the biomedical refrigerators and freezers market. This was due to the use of high-cost biomedical freezers and refrigerators in these facilities. Between 2014 and 2022, the fastest CAGR will be reported by the research laboratories segment at 5.2%.
From the geographical standpoint, North America has traditionally been the leader in the biomedical refrigerators and freezers market. In the United States, the value of the biomedical refrigerators and freezers market was pegged at US$1,215.99 million as of 2013 making it the largest market within North America. However, companies looking to expand globally are now venturing enthusiastically into the Asia Pacific region because of the relatively friendly regulatory environment here. This will lead the APAC biomedical refrigerators and freezers market to exhibit the fastest CAGR to 2022.
Get Free Sample: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4666
Penetration of Biological Drugs Bodes Well for Biomedical Refrigerators and Freezers Market; High Costs Seen as Growth Hindrance
With increased funding from various sources, research and development activities in the pharmaceutical and life sciences sectors have seen an upswing. Such activities almost invariably call for the use of biomedical refrigerators and freezers. In addition, there are a number of other factors driving the growth of the biomedical refrigerators and freezers market. The most important one among these is the increased availability of biopharmaceuticals or biological drugs. These drugs need to be stored within a certain temperature range to keep their properties intact. The other factors that have brought about the expansion of the global biomedical refrigerators and freezers market are: Increasing aging population, favorable healthcare programs by governments, and greater technological innovation.
Despite a marked increase in the number of biomedical refrigerators and freezers shipped worldwide, products offered by international companies still carry a relatively high price tag. This has deterred consumers from investing heavily in biomedical freezers or refrigerators. As an affordable alternative, consumers (especially in cost-sensitive markets) typically opt for refurbished biomedical refrigerators and freezers.
Plasma Freezers Occupy Largest Market Share; Analysts Expect Medical Freezers to See Augmented Demand
An analysis of the market shows that as of 2013, the plasma freezers segment was the largest (31%) in the global biomedical refrigerators and freezers market. This demand for plasma freezers is high because the demand for both blood component and fresh frozen plasma storage is witnessing an upswing. There has also been a notable rise in apheresis procedures conducted worldwide, which will contribute positively to the growth of the biomedical refrigerators and freezers market. The highest demand for plasma freezers is expected to stem from blood banks, hospitals, and research laboratories. With several new diagnostic centers and medical facilities now dotting the healthcare industry’s landscape, heightened demand for medical/laboratory/pharmacy freezers is expected.
Browse Full Global Biomedical Refrigerators and Freezers Market Report With Complete TOC @ http://www.transparencymarketresearch.com/biomedical-refrigerators-freezers-market.html
About us:
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Contact us:
Mr. Nachiket
Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/