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Biomedical Refrigerators and Freezers Market Expected to Reach USD 4.00 Billion Globally in 2022

Press releases may be edited for formatting or style | May 27, 2015
According to a new market report “Biomedical Refrigerators and Freezers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022”, the biomedical refrigerators and freezers market was valued at USD 2.63 billion in 2013 and is anticipated to expand at a CAGR of 4.7% from 2014 to 2022 to reach USD 4.00 billion in 2022.

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Samples having biomedical origin require specific conditions for effective storage. Therefore, governments across the world recommend use of biomedical refrigerators and freezers for storage of biological samples/units. Biomedical refrigerators and freezers are equipment that provide optimum conditions for efficient storage of samples with biological origin. Biomedical refrigerators and freezers are widely used for storage of biomedical samples such as whole blood, blood components, deoxyribonucleic acid (DNA), ribonucleic acid (RNA), along with temperature sensitive medicines, vaccines, biological reagents. and flammable chemicals. Therefore, biomedical refrigerators and freezers are widely used in blood banks, hospitals, pharmacy stores, research laboratories, and diagnostic centers.
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Increasing demand for blood transfusions, personalized medicine, cellular therapies, organ transplant, and vaccines are the primary factors fueling the demand for biomedical refrigerators and freezers across the world. Additionally, rising research and development activities in the field of life science and biotechnology are propelling the uptake of biomedical refrigerators and freezers in research institutes. On the other hand, presence of large number of local players offering products cheaper than branded products coupled with rising trend of using refurbished equipment is restraining the growth of the global biomedical refrigerators and freezers.

Commercially available biomedical refrigerators and freezers have different applications based on the temperature range they provide. Ultra low temperature freezers (temp. around -70°C to -80°C and below) are used for prolonged storage of biomedical samples such as deoxyribonucleic acid (DNA), ribonucleic acid (RNA). Plasma freezers are designed to maintain temperature in the range of -30°C to -40°C. Therefore, plasma freezers are preferred for the storage of plasma products, whole blood, vaccines, and test samples. Shock freezers or blast freezers quickly reduce the temperature (within 6 minutes or less) of health care samples to below -30°C. Hence, shock freezers are used to improve the turnaround time in reducing the temperature of the samples. Blood bank refrigerators are ideally suited for the storage of whole blood or blood component products. The equipment helps in maintaining the temperature range +1°C to +6°C.

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