Global Biomedical
Refrigerators And Freezers Market was valued at USD 2.85
billion in 2015 and is expected to grow with a CAGR of 4.9% over the forecast
period. Key factors driving the
growth include the growing prevalence of chronic diseases, rising demand for
storing biological products, blood samples, blood reagents, vaccines, DNA
samples and other chemicals. In addition, the need to provide thermal
insulation and avoid product degradation is a critical factor boosting the
usage rates.
These biomedical freezers
are available in different specifications to suit the specific commercial
needs. For instance, the plasma once are used for storage of blood and plasma
products at -30°C to 40°C and the ultra-low temperature freezers are used for
long term storage of DNA and RNA samples products at a range of 70°C to 80 °C.
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Based on the
estimates of the American Society of Health System Pharmacists, hospitals spend
nearly 70-75% of their budget on their pharmacy department. Moreover, as per
the Institutes for Safety Medication Practices, more than 20% of the healthcare
practitioners have reported adverse patient effects due to deficiencies in
storage and inventory management practices.
Increasing support
from government and industry participants to provide technical and financial
assistance in improvement of healthcare infrastructure, procurement of
biomedical refrigerators and freezers is a positive trend witnessed in the
market.
Based on the product
type, the market is segmented as blood bank refrigerators, shock, plasma,
ultra-low temperature freezers and laboratory/pharmacy refrigerators and
freezers The plasma freezers segment accounted for the maximum share of over
28% in 2015, mainly on account of rising demand for collection and storage of
several blood components such as platelets, plasma and others.
View more Related Reports from same category by Grand
View Research: http://www.grandviewresearch.com/industry/medical-devices
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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