Global Biomedical Refrigerator and Freezer Market 2016-2020
About Biomedical Refrigerator and Freezer
Biomedical refrigerators and freezers are medical preservation devices that are used to store biological samples, reagents, and chemicals at a constant low temperature. These devices are commonly found in laboratories, hospitals, blood banks, pharmacies, and diagnostic centers. They are capable of accurately maintaining constant temperatures below -220ºF. These refrigerators and freezers are usually equipped with a microprocessor controller with visual and audio alarms and digital temperature displays to allow better sample preservation and protection.
Technavio’s analysts forecast the global biomedical refrigerators and freezers market to grow at a CAGR of 4.26% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global biomedical refrigerators and freezers market for the period 2015-2020.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Biomedical Refrigerator and Freezer Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Biomedical Refrigerator and Freezer Market: Eppendorf, Haier BioMedical, Helmer Scientific, and Panasonic Biomedical.
Other Prominent Vendors in the market are: ARCTIKO, Aegis Scientific, Angelantoni Life Science, Azbil, Binder, Biomedical Solutions, Bionics Scientific Technologies, Fiocchetti, Desmon Scientific, EVERmed, Lab Research Products, Liebherr, Porkka, Kirsch, TERUMO, and Thermo Fisher Scientific.
Commenting on the report, an analyst from Technavio’s team said: “Manufacturers are looking out for technologies to maximize efficiency, reliability, and temperature uniformity while minimizing released heat and energy consumption. The use of secondary compressors for cascading compressor configuration is one of the methods recently introduced to meet this goal.”
According to the report, Increased spending on R&D and expansion of research facilities especially in the field of life sciences are factors contributing to the growth of the market. Increased governmental investments in the biomedical sector will also fuel the market during the forecast period.
Further, the report states that the high cost of biomedical refrigerators and freezers and increasing competition from local manufacturers are factors that will hinder the growth of the market during the forecast period.
Eppendorf, Haier BioMedical, Helmer Scientific, Panasonic Biomedical, ARCTIKO, Aegis Scientific, Angelantoni Life Science, Azbil, Binder, Biomedical Solutions, Bionics Scientific Technologies, Fiocchetti, Desmon Scientific, EVERmed, Lab Research Products, Liebherr, Porkka, Kirsch, TERUMO, Thermo Fisher Scientific.