It is anticipated that the global demand for biopharmaceuticals and organ transplantation will cause the market for biomedical refrigerators and freezers to record a CAGR of 5.6% between 2022 and 2030.

The 14th of November, 2022, in Selbyville, Delaware(GLOBE NEWSWIRE) According to the findings of a new research report published by Global Market Insights Inc., it is anticipated that the market value for biomedical refrigerators and freezers will exceed USD 5.5 billion by the year 2030.

Increases in spending on medical equipment have allowed for the installation of cutting-edge biomedical freezers and other advanced medical storage solutions across the country's healthcare infrastructure. The companies that make biomedical freezers are ramping up their investments in research and development in order to design increasingly sophisticated pieces of machinery.

The COVID-19 outbreak has further increased the urgency for the development of reliable vaccine storage solutions. As a direct response to the pandemic, the life sciences industry dramatically increased the rate at which xrf analyzer produced mRNA vaccines. The increasing need for non-traditional ultra-low freezing in vaccine production to ensure adequate cold chain management will encourage industry players to design innovative freezing solutions.

The market for ultra-low temperature freezers in the biomedical refrigeration and freezing equipment industry was worth more than USD 405 million in 2021. The primary purpose of ultra-low temperature freezers, also known as ULT freezers, is to store blood and blood components. The demand for ultra-low temperature freezers (ULT freezers) has seen significant growth as a result of the growing number of research and development projects as well as drug discovery efforts to design novel therapeutics. This apparatus has a wide range of applications, some of which include the storage of chemicals, drugs, enzymes, bacteria, and other biologics in agricultural and biotechnology settings, respectively.

Take a look at the 201 pages, 257 market data tables, and 12 figures and charts that are included in the report titled, "Biomedical Refrigerators and Freezers Market Statistics By Product (Plasma Freezers, Blood Bank Refrigerators, Lab Refrigerators, Lab Freezers, Ultra Low Temperature Freezers, Shock Freezers), End-use (Blood Banks, Pharmacies, Hospitals, Research Labs, Diagnostic Centers), Industry

The market share of diagnostic centers for biomedical refrigerators and freezers is expected to grow at a compound annual growth rate of over 6% between 2022 and 2030. Every day, diagnostic centers conduct a significant number of routine blood checks, urine tests, and other diagnostic tests, which drives up the demand for innovative storage solutions. It is essential to properly store samples and medications in order to ensure accurate screening, diagnosis, and treatment. Installing biomedical freezers in healthcare facilities will speed up as a result of an increase in the number of diagnostic centers around the world as well as robust spending on healthcare.

In 2021, the industry of biomedical refrigerators and freezers in Europe held more than a 29% share of the total business. The presence of a sizable elderly population as well as an increasing incidence of chronic diseases has been a driving force behind recent developments in the healthcare industry. A significant increase in the number of organ transplants as well as substantial expenditures in healthcare will provide lucrative opportunities for business expansion in the region.

Companies such as Haier Biomedical, Aegis Scientific, Inc., spray dryer Binder, Eppendorf AG, Follett LLC, Helmer Scientific, Migali Scientific, Power Scientific, Inc., Liebherr-International AG, Panasonic Healthcare Corporation, Thermo Fisher Scientific, Azbil Corporation, ad Arctiko A/S, and B Medical Systems are included in the competitive landscape of the global biomedical refrigerators and freezers market.

Regarding Insights into the Global Market

Global Market Insights Inc. is a global market research and consulting service provider with its headquarters located in Delaware, United States. The company provides syndicated and custom research reports in addition to growth consulting services. Our business intelligence and industry research reports provide clients with in-depth insights and data that can be put into action from a market perspective. These reports are designed and presented specifically to assist clients in making strategic decisions. These comprehensive reports are the product of an in-house research methodology, and they are made available for key industries such as the chemical industry, the technology industry, the renewable energy industry, and the biotechnology industry.