Tuesday 2 May 2017

Biomedical Refrigerators And Freezers Market Is Expected To Grow With A CAGR Of 4.9% 2016-2024

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.

Access research report on global biomedical refrigerators and freezers market: http://www.grandviewresearch.com/industry-analysis/biomedical-refrigerators-and-freezers-market

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.

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