Global Biomedical Refrigerators And Freezers Market
Market Size in USD Billion
CAGR :
% 
USD
4.92 Billion
USD
9.82 Billion
2024
2032
 Forecast Period |
2025 –2032 |
 Market Size (Base Year) |
USD 4.92 Billion |
 Market Size (Forecast Year) |
USD 9.82 Billion |
 CAGR |
% |
| Major Markets Players |
Global Biomedical Refrigerators and Freezers Market Segmentation, By Product (Blood Bank Refrigerators, Lab Refrigerators, Plasma Freezers, Lab Freezers, Ultra-Low Temperature Freezers and Shock Freezers), Application (Storage, Transport, Research, Others), End User (Hospitals, Blood Banks, Clinical and Pathology Laboratories, Others) – Industry Trends and Forecast to 2032
Biomedical Refrigerators and Freezers Market Analysis
The growing need to store biomedical samples is driving sales of biomedical chest refrigerators around the world. The epidemic of various diseases will continue to drive the demand for biomedical products and vaccines. In addition, the adoption of biomedical refrigerators and freezers will continue to increase due to increased investment in research and development by educational and research institutions. The growing need for personalized vaccines resulting from increasing demand for cell therapy will continue to have a positive impact on market growth.
Biomedical Refrigerators and Freezers Market Size
Global biomedical refrigerators and freezers market size was valued at USD 4.92 billion in 2024 and is projected to reach USD 9.82 billion by 2032, with a CAGR of 9.01% during the forecast period of 2025 to 2032.
Global Biomedical Refrigerators and Freezers Market Trends
“Increasing Demand for Temperature-Sensitive Storage Solutions”
One of the key trends in the global biomedical refrigerators and freezers market is the growing demand for reliable and precise temperature-sensitive storage solutions. With the rise in biopharmaceuticals, vaccines, and blood storage requirements, the need for advanced refrigeration systems that can maintain specific temperature ranges has become more critical. The increasing focus on vaccine storage, especially in light of global health crises, along with advancements in cryogenic storage for medical applications, is driving market growth. Moreover, the rising number of research and clinical laboratories, coupled with stringent regulatory requirements for the storage of medical and biological products, is further accelerating the demand for biomedical refrigerators and freezers. As healthcare infrastructure improves globally and the need for advanced temperature-controlled storage solutions increases, the biomedical refrigerators and freezers market is expected to see significant growth in the coming years.
Report Scope and Market Segmentation
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Attributes |
Biomedical Refrigerators and Freezers Key Market Insights |
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Segmentation |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. |
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Key Market Players |
AegisFridge (India), Azbil Corporation (Japan), Eppendorf AG (Germany), FOLLETT PRODUCTS, LLC (US), Haier Biomedical (China), Helmer Scientific Inc (US), Liebherr-International Deutschland GmbH (Germany), Migali (US), PHC Holdings Corporation (US), Thermo Fisher Scientific Inc.(US), Arctiko (Denmark), Coldway Technologies (France), Gram Commercial (Denmark), Froilabo (France), LabRepCo (US), Philips Kirsch GmbH (Germany), Terumo Corporation (Japan) |
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Market Opportunities |
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Global Biomedical Refrigerators and Freezers Market Definition
Biomedical refrigerators and freezers are medical equipment’s used to store a variety of biological samples such as blood, medicines, blood derivatives, vaccines, biological reagents, RNA and DNA. Biomedical freezers are mainly used to store fresh and frozen blood. Storage of research vaccines and enzymes. These products provide optimal conditions and ensure the efficient storage required for biological samples. The biomedical refrigerators and freezers market is expected to skyrocket around the world during the forecast period as researchers increasingly focus on developing innovative technologies and products for treatment procedures.
Biomedical Refrigerators and Freezers Market Dynamics
Drivers
- Rising Demand for Biomedical Refrigerators and Freezers
Increasing demand for biopharmaceuticals and organ transplants, and increased demand for organ transplants due to the increased incidence of organ failure, are some of the key drivers driving the growth of the biomedical refrigerators and freezers market. Increasing rates of chronic diseases such as cancer, heart disease and infectious diseases are key drivers of the growth of the global biomedical freezer and refrigerator market. Research activities and clinical trial initiatives have helped boost the market for biomedical refrigerators and freezers around the world. These factors may increase the use of biomedical refrigerators and freezers to store research samples such as DNA, RNA, and biomolecules.
- Advances in Technology in Healthcare Sector
Technological advances in medical freezers will drive market growth in biomedical refrigerators and freezers market during the forecast period. Technological advances in biomedical refrigerators and freezers, such as advanced temperature control mechanisms, accident and explosion protection, and vacuum insulation panel technology, is likely to support the growth of the industry. In addition, improved circulation systems, compressor systems and automatic cascade refrigeration systems will have a positive impact on business growth during the forecast period. The company's focus on developing innovative and advanced devices will drive the growth of the industry.
- Rise in Geriatric Population
Aging is associated with a variety of illnesses and disorders, and older people often take longer to recover from these conditions. The elderly population is prone to common health problems such as diabetes, cancer, heart problems, nerve problems, and organ system disorders. Therefore, an increase in the aging population is expected to drive the growth of the biomedical refrigerators and freezers market.
Opportunities
- Innovative Techniques and Research Increase the Market Growth
Increasing investment in R&D will further increase the demand for technologically advanced biomedical refrigerators in the healthcare industry. Demand for medical refrigerators and freezers from educational and research institutes is expected to increase, which will further create ample opportunities for the market to grow.
- Increasing demand for Plasma Freezers in Healthcare
The increasing need for plasma storage is expected to drive demand for plasma freezers in the global market. To store fresh frozen plasma, cryoprecipitates, platelet concentrates, and red blood cells, the plasma freezer maintains a continuous freezing temperature of 30°C or 40°C. Therefore, the demand for freezer is growing rapidly. Innovations from major plasma freezer manufacturers reduce energy consumption, avoid crystallization and eliminate uneven temperature distribution, a key factor in market growth.
Restraints/Challenges
- High cost of Biomedical refrigerators and freezers
The market growth is rising high and is expected to grow in the mentioned forecast period but the increasing prices of equipment’s can be an obstacle. Due to the high cost of refrigerators, people could feel reluctant to buy refurbished equipment, which could hinder the growth of the biomedical refrigerator and freezer industry in the future.
Biomedical Refrigerators and Freezers Market Scope
The biomedical refrigerators and freezers market is segmented on the basis of product, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Blood Bank Refrigerators
- Lab Refrigerators
- Plasma Freezers
- Lab Freezers
- Ultra-Low Temperature Freezers
- Shock Freezers
Application
- Storage
- Transport
- Research
- Others
End User
- Hospitals
- Blood Banks
- Clinical and Pathology Laboratories
- Others
Biomedical Refrigerators and Freezers Regional Analysis
The biomedical refrigerators and freezers market is analysed and market size insights and trends are provided by country, product, application and end user as referenced above.
The major countries covered in the biomedical refrigerators and freezers market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the biomedical refrigerators and freezers market due to high-quality standards, high expenditure on hospital and healthcare infrastructure. The increasing prevalence of chronic diseases, coupled with the growing aging population, has significantly driven the number of transfusion procedures and the consumption of various medicines.
Asia-Pacific is anticipated to grow with a lucrative growth rate over the forecast period of 2025 to 2032 due to increasing number of patients with chronic diseases and rapid rise in the demand for various blood components and medicines. The region has emerged as a major medical tourism destination, and the government and private sector are investing significant resources to meet the quality of service standards adopted in the western region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Biomedical Refrigerators and Freezers Market Share
The biomedical refrigerators and freezers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to biomedical refrigerators and freezers market.
Biomedical Refrigerators and Freezers Market Leaders Operating in the Market Are:
- AegisFridge (India)
- Azbil Corporation (Japan)
- Eppendorf AG (Germany)
- FOLLETT PRODUCTS, LLC (US)
- Haier Biomedical (China)
- Helmer Scientific Inc (US)
- Liebherr-International Deutschland GmbH (Germany)
- Migali (US)
- PHC Holdings Corporation (US)
- Thermo Fisher Scientific Inc. (US)
- Arctiko (Denmark)
- Coldway Technologies (France)
- Gram Commercial (Denmark)
- Froilabo (France)
- LabRepCo (US)
- Philips Kirsch GmbH (Germany)
- Terumo Corporation (Japan)
Latest Developments in Biomedical Refrigerators and Freezers Market
- B Medical Systems in January 2022 announced that it is opening new manufacturing facility in India. Factors such as the company’s huge investment and more production capacity of medical cold chain products such as freezers and vaccine refrigerators helped in rising up the demand in the market.
- Azbil Corporation subsidiary company Telstar announced the launch of LyoQuest Arctic in March 2020. It is a new laboratory freeze dryer operating with natural gases. This freeze dryer specially designed for R&D laboratories. This strategy strengthened Azbil biomedical freezers product portfolio.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
