Biomedical Refrigerators and Freezers Market size worth $3.4bn by 2024

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Biomedical Refrigerators and Freezers Market size
3.4bn by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Biomedical Refrigerators and
Freezers Market

• Global Biomedical refrigerator and freezer market
  will reach to USD 3.49 billion by 2024 growing at
  4.0 CAGR from 2016 to 2024, due to increasing
  number of blood banks, research laboratories,
  diagnostic centers, hospitals and educational
  institutes.
• Germany biomedical refrigerators and freezers
  market size was USD 177.7 million in 2015 with
  robust growth of 3.2 over the forecast period,
  owing to presence of leading industry
  participants in this region and increasing
  adoption of technologically advanced products.
• China biomedical refrigerators and freezers
  market share was over 35 in 2015 and it is
  expected to continue and surpass USD 259 million
  by 2024.

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Continued...

• Brazil biomedical refrigerators and freezers
  market size was over USD 68 million in 2015
  contributing to over 52 of regional share and
  anticipated to exceed USD 107 million by 2024.
• South Africa biomedical refrigerators and
  freezers market size was over USD 28 million in
  2015 growing at a robust 4.2 over the forecast
  period to reach USD 42.3 million in 2024.
• Saudi Arabia biomedical refrigerators and
  freezers market size was over USD 39 million in
  2015, growing at 3.8 from 2016 to 2024.
• Key industry participants are focusing on
  development of eco-friendly, technologically
  advanced and innovative biomedical refrigerators
  and freezers compliant to industry emission
  standards.

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U.S. Biomedical Refrigerators and Freezers Market
Size, By Product, 2012- 2024 (USD Million)

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360 Analysis

• Product Trends
• Biomedical refrigerators and freezers market size
  has large acceptance in blood banks, research
  laboratories, diagnostic centres and hospitals.
  The global plasma freezers market was valued at
  over USD 774 million in 2015 and should exceed
  USD 1073 million by 2024. According to the
  American Society for Apheresis (ASFA), the
  extensive use of plasmapheresis technique will
  spur adoption of plasma freezers in hospitals,
  blood banks, and research organizations for
  storage of Fresh Frozen Plasma (FFP).
• Regional Trends
• Europe driven by UK and Germany biomedical
  refrigerators and freezers market share, could
  touch close to USD 800 million by 2024, owing to
  increasing investments by key manufacturing
  companies.
• Competitive Market Share
• Global biomedical refrigerators and freezers
  market share is highly fragmented in nature due
  to the presence of several large and small
  manufacturers. The industry is highly competitive
  owing to the introduction of technologically
  advanced and innovative products to grab maximum
  global biomedical and refrigerators and freezers
  market share.

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