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Biomedical Refrigerators and Freezers Market Trends

Report ID: GMI822
Published Date: Aug 2024
Report Format: PDF

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Biomedical Refrigerators and Freezers Market Trends

Technological advancements are continuously enhancing the capabilities of biomedical refrigerators and freezers. Innovations such as improved cooling technologies, energy-efficient systems, and advanced temperature monitoring and control features have significantly expanded the functionality and reliability of these devices.
Moreover, the growing demand for biopharmaceuticals and organ transplantation drives the market. Advances in biotechnology have increased the production of biopharmaceuticals, such as vaccines and gene therapies, which require precise temperature control.
Additionally, the rising need for organ transplantation necessitates reliable storage for donor organs. This increased reliance on biopharmaceuticals and organ transplants boosts the demand for advanced biomedical refrigeration systems, fueling market growth.

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Biomedical refrigerators and freezers industry size was valued at USD 3.7 billion in 2023 and is estimated to record a 5.3% CAGR from 2024 to 2032 due to rising usage as essential pieces of equipment in healthcare, pharmaceutical, and research facilities.

The diagnostic centers end-use segment accounted for USD 1.4 billion in 2023 as they include facilities that perform a range of tests to diagnose various medical conditions

U.S. biomedical refrigerators and freezers market is projected to reach USD 1.7 billion by 2032 led by the development and manufacturing of vaccines, biologics, and advanced therapies.

Aegis Scientific, Inc., Azbil Corporation, B Medical Systems, BINDER GmbH, Eppendorf SE, Follett Products, LLC, Helmer Scientific Inc., and Lab Research Products