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Jan 25, 2021 (Market Insight Reports) —
Selbyville, Delaware According to the recent research report titled ‘U.S. Biomedical Refrigerators and Freezers Market Size By Product, By End-use, Industry Analysis Report, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, U.S. biomedical refrigerators and freezers market is expected to accrue notable returns through 2026.

Surging demand for organ transplantation and biopharmaceuticals, growing elderly population, technological advancements, and increasing government support towards clinical and trials and research activities are primarily driving the growth of U.S. biomedical refrigerators and freezers market.

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Notably, biomedical refrigerators and freezers provide optimum condition while storing biological samples. They are majorly utilized in healthcare facilities for storing chemicals and biological samples such as RBA (ribonucleic acid), DNA (deoxyribonucleic acid), flammable chemicals, biological reagents, vaccines, medicines, derivatives of blood, and blood.

In addition, growing healthcare sector and increasing incidences of several health conditions are also contributing to the biomedical refrigerators and freezers market outlook in the U.S.

Based on product type, plasma freezers segment of U.S. biomedical refrigerators and freezers market was valued at USD 315 million in 2019 and is slated to grow substantially during the estimated timeframe, owing to its rapid adoption for efficient and safe storage of plasma products, vaccines, and whole blood.

Meanwhile, lab freezers segment is likely to witness modest gains in the ensuing years, on account of its ability to store and cool specimens and samples for preservation. These samples include refrigeration units for blood plasma, vaccines, pharmaceuticals, as well as other medical supplies and blood derivative storage.

Speaking of end-user scope, pharmacy segment currently holds major share in U.S. biomedical refrigerators and freezers industry and is anticipated to record a 2.6% CAGR during 2020-2026, attributable to extensive application of medical grade refrigerators in community pharmacies, retail establishments, and hospitals in order to effectively store compound sterile preparations, vaccines, and pharmaceuticals.

On the other hand, diagnostic centers segment is likely to record considerable growth in the coming years, owing to inflow of investments in drug development, which in turn boost the demand for biomedical refrigerators and freezers for efficient and reliable storage of biological specimens.

Leading organizations influencing U.S. biomedical refrigerators and freezers market trends are Powers Scientific Inc., Stirling Ultracold, Global Cooling Inc., So-Low Environmental Equipment Co. Inc., Migali Scientific, Thermo Fisher Scientific Inc., Panasonic Healthcare Corporation of North America, Lab Research Products, NuAire Inc., Follett LLC, Continental Scientific Syndicate, Helmer Scientific, Compact Alliance, and Aegis Scientific Inc.

Question and Answer: U.S. Biomedical Refrigerators and Freezers Market

Q1)What are the growth stimulants of U.S. biomedical refrigerators and freezers market?

Answer: Surging demand for organ transplantation and biopharmaceuticals, growing elderly population, technological advancements, and increasing government support towards clinical and trials and research activities are primarily driving the growth of U.S. biomedical refrigerators and freezers market.

Q2) How will pharmacy segment contribute to U.S. biomedical refrigerators and freezers market expansion?

Answer: Extensive applications of medical grade refrigerators in community pharmacies, retail establishments, and hospitals in order to effectively store compound sterile preparations, vaccines, and pharmaceuticals are favoring the overall market outlook.

Q3) Which companies define the competitive landscape of U.S. biomedical refrigerators and freezers market?

Answer: Leading organizations influencing U.S. biomedical refrigerators and freezers market trends are Powers Scientific Inc., Stirling Ultracold, Global Cooling Inc., So-Low Environmental Equipment Co. Inc., Thermo Fisher Scientific Inc., and Panasonic Healthcare Corporation of North America among others.

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