Pune, India -- (SBWIRE) -- 05/19/2020 -- Infinium Global Research has recently published a global report on "Biomedical Refrigerators and Freezers Market (Product Type - Blood Bank Refrigerators, Shock Freezers, Ultra-low Temperature Freezers, Plasma Freezers, and Laboratory/Pharmacy/Medical Refrigerators; End User - Blood Banks, Diagnostic Centers, Research Laboratories, Pharmacies, and Hospitals): Global Industry Analysis, Trends, Market Size and Forecasts to 2024." According to the report, the global biomedical refrigerators and freezers market is projected to grow at a CAGR of 4.2% over the forecast period of 2018-2024.

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Increasing Demand for Blood Transfusion, Cellular Therapies, and Custom-Made Medicines

Increasing demand for blood transfusion, cellular therapies, and custom-made medicines are the factors driving the growth of the biomedical refrigerators and freezers market. Additionally, a steady rise in the number of blood banks in the developed and developing regions coupled with government initiatives in order to raise awareness about the donation of blood has favored a bearable growth in the biomedical refrigerators and freezers market.

On the other hand, the need to provide thermal insulation and avoid product degradation of refrigerators is anticipated to boost the market over the years to come. However, the presence of a large number of local players offering cheaper products than branded products is anticipated to hinder the growth of the biomedical refrigerators market over the forecast period.

Bio-Banking Techniques Coupled with Research Activities in the Field of Biomedical Science

Furthermore, awareness about the harms of greenhouse gases emitted from conventional refrigeration systems and strict emissions norms to the environment will force product manufacturers to design greener products. This, in turn, is anticipated to have a positive impact on the growth of the biomedical refrigerators and freezers market.

Moreover, advances in regenerative medicines, drug discovery, and bio-banking techniques coupled with research activities in the field of biomedical science is expected to provide various growth opportunities for the key players in the global biomedical refrigerators and freezers market over the upcoming years.

"We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report Shall be Revised to 2020-2026. The Section on the Impact of COVID-19 on Biomedical Refrigerators and Freezers Market is Included in the Report for Free."

North America Accounted for the Largest Share in the Global Biomedical Refrigerators and Freezers Market 

Among the geographies, North America accounted for the largest share in the global biomedical refrigerators and freezers market followed by Asia-Pacific regions. Additionally, the growth of the North American regional market can be attributed to the development of biobanks and genome engineering. However, increasing geriatric population towards the technological developments in healthcare is anticipated to lead vast growth opportunities for the biomedical refrigerators and freezers market in the Asia-Pacific regions over the years to come.

On the other hand, the U.S. is the most important sector and has captured the majority of the market share in the North American regions. Moreover, high economic development in countries such as India and China are boosting their expenditure in the healthcare infrastructure and medical services.

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Biomedical Refrigerators and Freezers Market Coverage

Chapter - 1 Preface

=> Report Description

=> Research Methods

=> Research Approaches

Chapter - 2 Executive Summary

=> Biomedical Refrigerators and Freezers Market Highlights

=> Biomedical Refrigerators and Freezers Market Projection

=> Biomedical Refrigerators and Freezers Market Regional Highlights

Chapter - 3 Global Biomedical Refrigerators and Freezers Market Overview

=> Introduction

=> Market Dynamics

=> Porter's Five Forces Analysis

=> IGR-Growth Matrix Analysis

=> Value Chain Biomedical Refrigerators and Freezers Market

Chapter - 4 Biomedical Refrigerators and Freezers Market Macro Indicator Analysis

Chapter - 5 Global Biomedical Refrigerators and Freezers Market by Product Type

=> Blood Bank Refrigerators

=> Shock Freezers

=> Ultra-low Temperature Freezers

=> Plasma Freezers

=> Laboratory/Pharmacy/Medical Refrigerators

Chapter - 6 Global Biomedical Refrigerators and Freezers Market by End-user

=> Blood Banks

=> Diagnostic Centers

=> Research Laboratories

=> Pharmacies

=> Hospitals

Chapter - 7 Global Biomedical Refrigerators and Freezers Market by Region 2018-2024

=> North America

=> Europe

=> Asia-Pacific

=> RoW

Chapter - 8 Company profiles and competitive landscape

=> Helmer Scientific

=> Thermo Fisher Scientific, Inc.

=> Panasonic Healthcare Co., Ltd.

=> Philipp Kirsch GmbH

=> Terumo Corporation

=> Liebherr Group

=> Aegis Scientific, Inc.

=> Eppendorf AG

=> Haier Biomedical

Chapter - 9 Appendix

=> Primary research findings and questionnaire

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