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U.S. Biomedical Refrigerators and Freezers Market Trends

Report ID: GMI4513
Published Date: Aug 2024
Report Format: PDF

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U.S. Biomedical Refrigerators and Freezers Market Trends

Rising government support is a major catalyst for the market growth in the U.S. Government initiatives often offer increased funding and grants to research institutions and clinical trials. This additional capital allows these institutions to invest in advanced and reliable biomedical refrigerators and freezers, thereby boosting market growth.
Moreover, the market has grown significantly due to technological advancements. Modern units now feature innovations that improve functionality, reliability, and efficiency. A key advancement is the development of ultra-low temperature freezers, which is estimated to reach USD 708 million by 2032, which can maintain temperatures as low as -86°C. This capability is crucial for the long-term storage of sensitive biological samples, such as RNA, DNA, and certain vaccines, ensuring their integrity for research and clinical use. ULT freezers use advanced insulation and refrigeration technologies to maintain these extreme temperatures reliably.

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

U.S. biomedical refrigerators and freezers market size was valued at around USD 1.4 billion in 2023 and is estimated to grow at 5.3% CAGR from 2024 to 2032, driven by a higher prevalence of age-related chronic diseases, such as cardiovascular diseases, diabetes, Alzheimer's, osteoarthritis, and cancer.

The lab refrigerators segment of the U.S. biomedical refrigerators and freezers market is predicted to reach USD 610.9 million by 2032, driven by the increasing demand for laboratory services in research, diagnostics, and healthcare settings.

The diagnostic centers segment accounted for USD 521.2 million in 2023 and will grow rapidly through 2032, as they rely on biomedical refrigerators and freezers to store various biological samples, including blood, urine, tissues, and genetic materials.

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