The global biomedical refrigerators and freezers market is projected to gain momentum from a rise in the demand for storing blood samples, DNA, and other biological products across the world. According to an upcoming report by Fortune Business Insights, titled, “Biomedical Refrigerators and Freezers Market Size, Share & Industry Analysis, By Product (Ultra-Low Temperature (ULT) Freezers, Combined Refrigerator & Freezer, Cryo Freezers), By End User (Hospitals, Blood Banks, Clinical and Pathology Laboratories, Others (Pharmacies, etc.) and Regional Forecast, 2019-2026,” increasing prevalence of chronic diseases is also expected to contribute to the global market growth during the forecast period.
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Leading Players operating in the Biomedical Refrigerators and Freezers Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Helmer Scientific
- Philipp Kirsch GmbH
- Terumo Corporation
- Thermo Fisher Scientific Inc.
- PHC Holdings Corporation
- Haier Inc.
- Eppendorf AG
- Aegis Scientific, Inc.
- B Medical Systems
Rising Prevalence of Chronic Diseases Likely to Favor Growth in North America
The global biomedical refrigerators and freezers market is geographically categorized into Asia Pacific, the Middle East and Africa, Latin America, Europe, and North America. Amongst these regions, Europe and North America had acquired the largest global market share in the year 2018. It occurred mainly because of the rising incidence of chronic diseases, such as cancer, which is further fueling the demand for DNA-based medications, biological products, and blood transfusions. All these factors are slowly increasing the market in this region.
Asia Pacific, on the other hand, is growing at a rapid rate owing to a rise in the number of pharmacies, laboratories, and blood banks in developing nations, namely, Japan, India, and China. Therefore, people are adopting biomedical refrigerators and freezers in this region. The market in Latin America and the Middle East and Africa is growing unremarkably and the report suggests that these regions will exhibit moderate CAGRs in the forthcoming years.
Reasons to Purchase this Report:
- Comprehensive analysis of the Biomedical Refrigerators and Freezers Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
KEY QUESTIONS ANSWERED:
- What are the key technological and Biomedical Refrigerators and Freezers Market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- Why Choose Fortune Business Insights?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Biomedical Refrigerators and Freezers Market growth?
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